Associate, Model Risk - Internal Controls

Position Overview
A Model Risk Management Associate with a strong background in internal controls and quantitative analysis is needed to join the Model Risk Controls Testing Team within the Model Risk & Validation Group. This team is responsible for designing and executing internal control processes for Model Risk and establishing a comprehensive testing program to evaluate the effectiveness of controls owned by the Model Risk function.Key Responsibilities

• - Collaborate within the second line of defense to develop and implement a Model Risk Controls Testing Program, including establishing a Model Risk Controls Library and creating methodologies to assess the effectiveness of Model Risk controls.
• - Identify and formally document the control activities performed by the Model Validation and Governance Team in the Controls Library.
• - Create and execute testing approaches and methodologies for the identified controls to ensure their efficacy.
• - Conduct independent evaluations of the activities carried out by the Model Validation and Governance Team, applying rigorous testing frameworks.
• - Communicate testing outcomes to the Model Validation and Governance Team, aligning on remediation strategies as needed.
• - Facilitate control testing initiatives as part of the Risk and Control Self-Assessment (RCSA) program.
• - Prepare reports summarizing the progress and findings of Model Risk controls testing activities.
• - Participate in projects aimed at refining and enhancing the Model Risk Control Framework.
• - Engage in End-User Computing (EUC) controls testing initiatives, which are managed under the Model Validation and Governance team.

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