Oversees the model risk management framework to include evaluation of model development processes ... Presents, as needed, with Head of Enterprise & Financial Risk to Enterprise Risk Committee and Risk ...
Oversees the model risk management framework to include evaluation of model development processes ... Presents, as needed, with Head of Enterprise & Financial Risk to Enterprise Risk Committee and Risk ...
The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics ... modeling, Risk Analytics, and helps build portfolio management framework that is aligned with ...
The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics ... modeling, Risk Analytics, and helps build portfolio management framework that is aligned with ...
The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics ... modeling, Risk Analytics, and helps build portfolio management framework that is aligned with ...
The Group Head of Catastrophe Risk Analytics is responsible for leading Catastrophe risk analytics ... modeling, Risk Analytics, and helps build portfolio management framework that is aligned with ...
Sr. Audit Manager - Quant
Atlanta, GA · On-site
The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team. ESSENTIAL DUTIES AND RESPONSIBILITIES Following ...
Sr. Audit Manager - Quant
Atlanta, GA · On-site
The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team. ESSENTIAL DUTIES AND RESPONSIBILITIES Following ...
Sr. Audit Manager - Quant
Atlanta, GA · On-site
The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team. ESSENTIAL DUTIES AND RESPONSIBILITIES Following ...
Sr. Audit Manager - Quant
Atlanta, GA · On-site
The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team. ESSENTIAL DUTIES AND RESPONSIBILITIES Following ...
Understanding of model risk management, responsible AI, data governance, privacy, and security practices in a regulated environment. * Experience with risk analytics, KPI/KRI frameworks, dashboarding ...
Understanding of model risk management, responsible AI, data governance, privacy, and security practices in a regulated environment. * Experience with risk analytics, KPI/KRI frameworks, dashboarding ...
... of Consumer & Small Business Banking (CSBB). This role supports end-to-end model lifecycle governance, ensuring adherence to Model Risk Management (MRM) Policy and Procedures, including model ...
... of Consumer & Small Business Banking (CSBB). This role supports end-to-end model lifecycle governance, ensuring adherence to Model Risk Management (MRM) Policy and Procedures, including model ...
... all model risk management related tasks. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor ...
... all model risk management related tasks. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor ...
Risk Management Director
Atlanta, GA · On-site
... model to make critical decisions and create competitive advantage. You deploy a strategic mindset ... Informs Sr Director and GIG Department Head of all Risk Management matters and obtains approvals as ...
Risk Management Director
Atlanta, GA · On-site
... model to make critical decisions and create competitive advantage. You deploy a strategic mindset ... Informs Sr Director and GIG Department Head of all Risk Management matters and obtains approvals as ...
Risk Management Director
Atlanta, GA · On-site +1
... model to make critical decisions and create competitive advantage. You deploy a strategic mindset ... Informs Sr Director and GIG Department Head of all Risk Management matters and obtains approvals as ...
Risk Management Director
Atlanta, GA · On-site +1
... model to make critical decisions and create competitive advantage. You deploy a strategic mindset ... Informs Sr Director and GIG Department Head of all Risk Management matters and obtains approvals as ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other ... Where needed, lead delivery of Radar models for North America, ensuring best-practice build ...
We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other ... Where needed, lead delivery of Radar models for North America, ensuring best-practice build ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
The director maintains awareness of model risk management best practices and oversees the team as they develop and deploy advanced analytics, models, and tools that require technical feasibility ...
AI Model Risk Validation Specialist
Atlanta, GA · Hybrid
$100K - $135K/yr
Perform independent validation of AI/ML models, including: * Model design, methodology, and ... Model risk management practices * Identify gaps and recommend risk mitigation strategies Governance ...
AI Model Risk Validation Specialist
Atlanta, GA · Hybrid
$100K - $135K/yr
Perform independent validation of AI/ML models, including: * Model design, methodology, and ... Model risk management practices * Identify gaps and recommend risk mitigation strategies Governance ...
AVP, Model Validation
Alpharetta, GA · On-site
Strong knowledge of Regulatory requirements for Model Risk Management with proven track records of delivering Regulatory requirements. * 5+ years of proven experience in Model Risk Management in ...
AVP, Model Validation
Alpharetta, GA · On-site
Strong knowledge of Regulatory requirements for Model Risk Management with proven track records of delivering Regulatory requirements. * 5+ years of proven experience in Model Risk Management in ...
Responsible AI Framework Specialist
Alpharetta, GA · On-site +1
$71K - $119K/yr
Stay current with industry trends, global regulatory changes, and best practices in model risk management. Requirements Preferred Qualifications: * Awareness of data science methods and techniques ...
Responsible AI Framework Specialist
Alpharetta, GA · On-site +1
$71K - $119K/yr
Stay current with industry trends, global regulatory changes, and best practices in model risk management. Requirements Preferred Qualifications: * Awareness of data science methods and techniques ...
... of model risk. The role will focus on core technical model development and analytics to support account management. Main Responsibilities: * Perform hands-on data collection, data cleansing, model ...
... of model risk. The role will focus on core technical model development and analytics to support account management. Main Responsibilities: * Perform hands-on data collection, data cleansing, model ...
... Senior Management Team with the addition of a new executive leadership role. This strategic ... risk analytics. Experience * 15+ years in auto finance, residual modeling, forecasting, and/or ...
... Senior Management Team with the addition of a new executive leadership role. This strategic ... risk analytics. Experience * 15+ years in auto finance, residual modeling, forecasting, and/or ...
Head of Physical Security Position Overview: The Head of Physical Security is responsible for ... overall risk management strategies. Prepare and present regular reports on security risks ...
Head of Physical Security Position Overview: The Head of Physical Security is responsible for ... overall risk management strategies. Prepare and present regular reports on security risks ...
Head Of Model Risk Management information
See Georgia salary details
$45.6K - $61.4K
6% of jobs
$61.4K - $77.2K
6% of jobs
$88.6K is the 25th percentile. Wages below this are outliers.
$77.2K - $93K
17% of jobs
$93K - $108.8K
16% of jobs
The median wage is $111.7K / yr.
$108.8K - $124.7K
23% of jobs
$133.4K is the 75th percentile. Wages above this are outliers.
$124.7K - $140.5K
11% of jobs
$140.5K - $156.3K
6% of jobs
$156.3K - $172.1K
4% of jobs
$172.1K - $187.9K
4% of jobs
$187.9K - $203.7K
2% of jobs
$203.7K - $219.5K
3% of jobs
$45.6K
$120.9K
$219.5K
How much do head of model risk management jobs pay per year?
What are the key skills and qualifications needed to thrive as a Head Of Model Risk Management, and why are they important?
What is the difference between Head Of Model Risk Management vs Model Validation Manager?
| Aspect | Head Of Model Risk Management | Model Validation Manager |
|---|---|---|
| Primary Focus | Oversees overall model risk framework, governance, and strategy | Conducts independent validation and testing of models |
| Responsibilities | Risk oversight, policy development, senior stakeholder communication | Model testing, performance assessment, validation reports |
| Credentials | Advanced degrees, certifications like FRM, CFA, or CAMS, experience in risk management | Quantitative background, certifications like CFA, FRM, strong modeling expertise |
| Work Environment | Strategic, leadership role within risk management teams | Technical, analytical role focused on model validation tasks |
The Head Of Model Risk Management oversees the entire model risk framework, focusing on strategy and governance, while the Model Validation Manager specializes in testing and validating individual models. Both roles require strong quantitative skills and relevant certifications, but differ in scope and responsibilities.
What are the main challenges faced by a Head of Model Risk Management in maintaining regulatory compliance?
What does a Head of Model Risk Management do?
Full-time
Re-posted 3 days ago
Synovus rating
8.9
Based on 27 frontline employees who took The Breakroom Quiz
9th of 149 rated banks
Job description
Responsible for the management of enterprise-wide model risks team memberd with the Pinnacle development, deployment, and maintenance of qualitative and quantitative models to avoid financial loss, poor business and strategic decision-making, and reputational risk. Develops, maintains and implements the Bank's Model Risk Management Program in accordance with SR 2011-07. Collaborates with senior executives and leadership to enable innovation to advance corporate strategic objectives using advanced methods such as Artificial Intelligence/Machine Learning (AI/ML), while providing effective challenge to produce appropriate changes within the model life cycle.
Job Duties and Responsibilities:
- Oversees the model risk management framework to include evaluation of model development processes, model implementation and use, and effective validation. Develops and maintains appropriate governance, policies, and controls for model risk management.
- Chairs and facilitates the Model Risk Management Committee. Presents relevant model risk topics to Operational Risk Committee quarterly. Presents, as needed, with Head of Enterprise & Financial Risk to Enterprise Risk Committee and Risk Committee of the Board.
- Serves as a liaison to bank regulators and auditors on model risk management.
- Serves as model risk subject matter expert on enterprise risk programs, including completing model risk assessments for New Business Activities (NBA) and assessing model risk due diligence questionnaires for Third Party Risk Management (TPRM).
- Oversees the independent validations of material models within the firm, to include those that inform capital decisions, credit approval and product pricing, the allowance for credit losses (ACL), management of liquidity and interest rate risk, fraud detection, marketing, and both BSA/AML and Consumer Compliance. Validations include assessment of model conceptual soundness to include the evaluation of data and assumptions as well as computational accuracy; ongoing monitoring including confirming that the model is appropriately implemented, utilized and performing as intended; and performing outcomes analysis (such as back-testing).
- Using advanced skills, coaches validation team to documents and presents observations to model owners and users in business friendly terms so that the very complex information can be understood by a broad audience of varying depths of complex analytical skills, recommends management action plans and tracks remediation progress. Presents the findings of these independent validations to executive and senior management and the board of directors, as needed. Consults with model owners, developers and users on the design of effective model operational controls.
- Provides mentorship and recommendations for ongoing development and refinement of model lifecycle quality monitoring, reporting frameworks, and methodologies. Partners actively with data science and technology teams for designing and using model operations platforms. Acquires or develops innovative methodologies for model governance and model risk, and applies industry standards for data and system technologies and analytics methodologies.
- While maintaining a standard of effective challenge through the model lifecycle, builds strong working relationships with key model stakeholders to include business unit leaders, model owners, developers and users. Facilitates communication between model validation teams and other stakeholders.
- Uses business acumen and provides subject matter expertise for technology initiatives intended to facilitate corporate strategic objectives that utilize analytics such as AI/ML. Leverages a network of industry professionals to stay current on emerging trends and continually bring best practices to execution.
- Develops a high performing team focused on building strong analytical, technical, and domain knowledge while sustaining validation production and retention. Recruits, manages, and coaches a team of senior validation analysts to accomplish validation engagements and perform model governance. Takes personal initiative and is a positive example for others.
- Maintains an inventory of models enterprise-wide, including those developed in-house and those purchased from or developed by business partners or consultants.
- Manages the annual performance management and merit processes for direct and indirect reports. Coaches and develops team members and builds a work environment where team members are engaged and feel a positive sense of achievement about their role in the firm. Works closely with Human Resources regarding employee relations, compensation, training, posting and filling vacant positions and other Human Resources related matters.
- Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Firm authority in a timely fashion.
- Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.
Minimum Education: BS in quantitative discipline such as Statistics, Mathematics, Engineering, Computer Science, or Economics. MS/MBA with a focus in a related quantitative discipline.
Minimum Experience: 12+ years building and leading analytic functions in financial services including managing data scientists and analysts, of which at least 3 years consists of model validation and governance experience. At least 5 years of first line senior management experience within financial services. Regular office environment;
Required Knowledge, Skills & Abilities:
- May sit for long periods of time;
- May stand for long periods of time;
- Talk and hear regularly;
- Climb, Bend, Kneel, Crouch, or Crawl Regularly;
- Use of hands, ability to reach;
- Ability to see objects up close or at a distance, use peripheral vision, identify basic colors;
- Up to 10 pounds weight lifting/force exertion required;
- Weight/force exertion required less than 25% of the time;
- Travel required less than 25% of the time;
- Driver's license not required
About Synovus
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
Columbus, GA, US
Year founded
1888