VP Model Risk Audit

New York Permanent USD125,000 - USD200,000
  • Global bank recognized for having one of the most flexible work environments
  • Opportunity for exposure across all areas of model risk/validation/development

About Our Client

This leading, full service global banking group has a huge presence in the United States. The bank is currently growing its audit function to achieve a number of strategic objectives, including attaining "best in class" audit coverage, strengthening and developing audit methodology and dealing with heightened regulatory requirements due to recent growth. In light of this, the business is seeking a VP to cover Model Risk Audit, to be based in New York.

Job Description

  • Lead and manage the preparation of audit plans to ensure that the scope, approach, resourcing and logistics of an audit are appropriately planned
  • Manage and lead a team of staff at all different levels and be able to motivate, encourage and challenge them to provide very high quality and value-added results
  • Assist in the development and maintenance of the IA Model Risk coverage program to assess alignment with regulatory requirements
  • Execute testing of Model Risk audits and individual model assessments
  • Contribute to the completion of the annual model risk audit plan
  • Effectively communicate with model risk business partners
  • Analyze information to identify risks and trends
  • Continuously enhance both audit skills/capabilities & subject matter knowledge of model risk / validation / development
  • Advise key stakeholders and senior management on the major plans, projects and structural changes that will impact their business
  • Ability to work effectively with regulators, external auditors, consultants, Executive/Senior Management and other control functions such as Compliance, Risk Management and Finance, global audit units and governance/steering committees amongst others

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

Qualifications for consideration include:

  • 6+ years of relevant knowledge within model audit, model risk, model validation, model development
  • Past working experience within Internal Audit is preferred but not a requirement
  • A flexible and adaptable management style with experience of developing yourself and others
  • Excellent written and spoken communication skills; an ability to communicate with impact, ensuring complex information is articulated in a meaningful way to wide and varied audiences
  • A track record of making complex business decisions with authority, even in times of ambiguity, considering the potential long term risks and implications
  • A comprehensive understanding of risk management and proven experience of ensuring own/others' compliance with relevant regulatory processes

What's on Offer

  • Competitive base salary
  • Annual discretionary bonus
  • Extensive work from home and flexibility
  • Medical, Dental, Vision and other benefits / insurance
Jillian Saley
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Job summary

Audit & Advisory
Sub Sector
Internal Audit
Financial Services
New York
Contract Type
Consultant name
Jillian Saley
Job Reference