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Director Model Risk Governance Jobs in Florida (NOW HIRING)

Support internal and external audits and regulatory exams by providing subject matter expertise on risk modeling controls and governance. * Collaborate across Risk Management, Compliance, Testing ...

Support internal and external audits and regulatory exams by providing subject matter expertise on risk modeling controls and governance. * Collaborate across Risk Management, Compliance, Testing ...

Support internal and external audits and regulatory exams by providing subject matter expertise on risk modeling controls and governance. * Collaborate across Risk Management, Compliance, Testing ...

Partnering with ML Platform teams to productionize models in AWS and improve lifecycle governance ... Direct experience in fintech, banking, payments, or digital fraud risk * Familiarity with graph ...

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Director Model Risk Governance information

What are the key skills and qualifications needed to thrive as a Director of Model Risk Governance, and why are they important?

To thrive as a Director of Model Risk Governance, you need deep expertise in quantitative finance, risk management, and model validation, often backed by an advanced degree in a quantitative field and relevant industry experience. Familiarity with risk management frameworks, regulatory standards (e.g., SR 11-7), and proficiency in analytical tools like Python, R, or SAS are typically required. Exceptional leadership, communication, and critical thinking skills help you effectively oversee teams and coordinate with stakeholders across the organization. These competencies are vital to ensure robust model governance, regulatory compliance, and informed risk-based decision-making at the enterprise level.

What are some common challenges faced by a Director of Model Risk Governance, and how can they be addressed?

A Director of Model Risk Governance often encounters challenges such as ensuring consistent model validation across diverse business units, keeping up with evolving regulatory requirements, and fostering effective communication between model owners, validators, and senior management. Addressing these challenges typically involves establishing robust model risk frameworks, maintaining clear documentation, and promoting a culture of transparency and collaboration. Regular training sessions and open forums can help bridge knowledge gaps, while leveraging technology can streamline model inventory and validation processes.

What are Director Model Risk Governance roles?

Director Model Risk Governance roles are senior positions responsible for overseeing and managing the risks associated with financial and predictive models within an organization. These professionals establish and implement model risk management frameworks, ensure compliance with regulatory requirements, and oversee model validation processes. They collaborate with model developers, validators, and business units to identify, assess, and mitigate model risks, as well as report on governance effectiveness to senior management. Their work is crucial in maintaining the reliability and integrity of models used for decision-making and regulatory reporting.

What is the difference between Director Model Risk Governance vs Model Risk Analyst?

AspectDirector Model Risk GovernanceModel Risk Analyst
CredentialsAdvanced degrees (e.g., Master’s, PhD), professional certifications (e.g., FRM, CFA)Bachelor’s or Master’s degree, relevant certifications
Work EnvironmentStrategic oversight, policy development, senior stakeholder engagementData analysis, model validation, risk assessment
Employer & Industry UsageFinancial institutions, banks, asset managersFinancial institutions, risk management teams
Search & Comparison IntentUnderstanding leadership roles in model risk governanceEntry to mid-level model risk roles, analysis tasks

The main difference is that the Director Model Risk Governance focuses on strategic oversight, policy setting, and managing model risk at a senior level, while the Model Risk Analyst handles technical validation, data analysis, and risk assessment tasks. The director role involves leadership and decision-making, whereas the analyst role is more technical and operational.

What are the most commonly searched types of Model Risk Governance jobs in Florida? The most popular types of Model Risk Governance jobs in Florida are:
What are popular job titles related to Director Model Risk Governance jobs in Florida? For Director Model Risk Governance jobs in Florida, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Governance jobs in Florida look for? The top searched job categories for Director Model Risk Governance jobs in Florida are:
What cities in Florida are hiring for Director Model Risk Governance jobs? Cities in Florida with the most Director Model Risk Governance job openings:
SVP, Model Risk Governance Manager (Hybrid)

SVP, Model Risk Governance Manager (Hybrid)

Citigroup, Inc.

Tampa, FL • On-site

$130.88K - $196.32K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago


Job description

The Legal Entity (LE) Model Officer is a strategically important role with reporting lines both locally, and into the global Model Risk Management function within the Risk organization at Citi. This role offers the successful candidate the opportunity to play a significant role in the leadership of the legal entity model risk management program, offering unique exposure to all business lines and functions using models, within the cluster, as well as opportunities to contribute to, and collaborate with, the broader Citi legal entity framework.
The role sits within the Risk organization and the successful candidate will be responsible for the development and implementation of risk frameworks and policies, risk identification and assessment, oversight of formulation and adherence to Risk Appetite, oversight of model risk, risk regulatory advisory and new products.
Ideal candidate will have experience across (Risk Governance, Regulatory Model Risk, technical expertise)
The primary responsibilities associated with the role are set out below:
  • Ongoing review of the regulatory landscape, assessment of compliance and, where required, design and execution of remediation plans
  • Ownership and oversight of the LE specific Model Risk Framework and Procedures, and co-ordination of regulatory authority information requests
  • Primary 2nd line of defense lead, and partner with 1st line of defense, on model use identification, ranking of critical models and attestation.
  • Independent review and challenge of LE-specific model risk appetite framework and key risk indicators (KRI)
  • Preparation and presentation of model risk reporting, including escalation, to Board and governance committees

Qualifications and Qualities:
  • 10+ years' experience across risk management, quantitative, risk governance or regulatory-based roles
  • Excellent knowledge of model risk guidance from regulatory authorities
  • Excellent communication skills to guide, influence and negotiate internally across all lines of defense, and with auditors and regulatory authorities on model risk management related matters
  • Ability to succinctly deliver compelling presentations and influence executive audiences
  • Proven ability in cross-functional project and stakeholder management
  • Ability to drive innovation via thought leadership while maintaining end-to-end view
  • Intellectual curiosity to stay abreast of regulatory and industry advances
  • Proficient with MS Office suite

Education:
  • Bachelor's/University degree or equivalent experience, potentially Masters degree, in a quantitative discipline

Job Family Group:
Risk Management
Job Family:
Business Risk & Control
Time Type:
Full time
Primary Location:
Tampa Florida United States
Primary Location Full Time Salary Range:
$130,880.00 - $196,320.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Aug 30, 2024
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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