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Head Of Model Risk Management Jobs in Iowa (NOW HIRING)

Athene

Director Model Risk Management

West Des Moines, IA · On-site

$180 - $230/hr

The Director of Athene Model Risk supports the oversight of model risk across Athene, reporting to the VP Operational Risk & Change Management. In this role, they will contribute to the model risk ...

Krause Group

Head of Finance

Des Moines, IA · On-site

The Head of Finance serves as the senior financial leader for the global organization, responsible ... Evaluate investment opportunities and provide financial modeling and risk analysis * Manage ...

Amca

Head of Operations, ACPI

Davenport, IA

... capacity models, staffing plans, and recovery actions required to meet customer commitments ... chain risk Business & Parent Company Integration Partner with the General Manager on the annual ...

Amca

Head of Operations, ACPI

Davenport, IA · On-site

... models, staffing plans, and recovery actions required to meet customer commitments • Implement ... risk Business & Parent Company Integration • Partner with the General Manager on the annual ...

Krause Group

Head of Finance

Des Moines, IA · On-site

$150 - $250/hr

Evaluate investment opportunities and provide financial modeling and risk analysis * Manage ... High degree of ownership, accountability, and sound judgment in ambiguous environments * Ability to ...

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Head Of Model Risk Management information

What does a head of model risk management do?

A Head of Model Risk Management oversees the processes and teams responsible for identifying, assessing, and mitigating risks associated with financial and predictive models used within an organization. This role involves establishing and maintaining model risk frameworks, ensuring regulatory compliance, and leading model validation activities. They also coordinate with other departments to ensure the effective management and governance of all models, providing guidance on best practices and emerging risks. Ultimately, their goal is to minimize model-related losses and support sound decision-making across the business.

What are the key skills and qualifications needed to thrive as a head of model risk management?

To thrive as a Head Of Model Risk Management, you need deep quantitative expertise, advanced knowledge of risk management frameworks, and a strong background in finance or mathematics, often supported by advanced degrees such as a PhD or MSc. Familiarity with statistical software (like Python, R, or SAS), model validation tools, and regulatory compliance systems is typically required. Exceptional leadership, communication, and critical thinking skills are essential for effectively managing teams and presenting complex risk issues to stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and sound decision-making within financial institutions.

What are the main challenges faced by a head of model risk management in maintaining regulatory compliance?

A Head of Model Risk Management often faces the challenge of keeping up with evolving regulatory expectations and ensuring that all models used within the organization are compliant. This involves constantly monitoring regulatory updates, coordinating with various departments to implement necessary changes, and maintaining detailed documentation for audit purposes. Additionally, the role requires balancing the need for innovation in modeling techniques with the necessity of robust risk controls and transparent validation processes. Regular communication with risk, compliance, and audit teams is essential to address these challenges effectively.

What is the difference between Head Of Model Risk Management vs Model Validation Manager?

AspectHead Of Model Risk ManagementModel Validation Manager
Primary FocusOversees overall model risk framework, governance, and strategyConducts independent validation and testing of models
ResponsibilitiesRisk oversight, policy development, senior stakeholder communicationModel testing, performance assessment, validation reports
CredentialsAdvanced degrees, certifications like FRM, CFA, or CAMS, experience in risk managementQuantitative background, certifications like CFA, FRM, strong modeling expertise
Work EnvironmentStrategic, leadership role within risk management teamsTechnical, 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 job categories do people searching Head Of Model Risk Management jobs in Iowa look for?

The top searched job categories for Head Of Model Risk Management jobs in Iowa are:

What cities in Iowa are hiring for Head Of Model Risk Management jobs?

Cities in Iowa with the most Head Of Model Risk Management job openings:

Head Of Model Risk Management jobs near you

Director Model Risk Management

West Des Moines, IA • On-site

Athene Holding Ltd.
See more jobs at Athene Holding Ltd.external

Full-time

Posted 17 days ago

Job description

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.
Purpose:
The Director of Athene Model Risk supports the oversight of model risk across Athene, reporting to the VP Operational Risk & Change Management. In this role, they will contribute to the model risk management working group and support reporting to the Operational Risk Committee, Management Risk Committee, and Board Risk Committee. This role will partner with business units to achieve and sustain compliance with the Athene Model Risk Management Policy. Where independent model validation is required, they will either perform validations directly or oversee validation work conducted by other independent parties. This role covers a broad scope of models used across the organization, including but not limited to liability, investment, deal, pricing, financial planning, and derivative models. This role will assess models, evaluating their application and interconnectedness, conducting necessary testing, and issuing findings while proposing practical solutions to identified issues.
Accountabilities:
  • Oversee adherence to the Athene Model Risk Management Policy and relevant regulatory requirements, ensuring compliance and supporting reporting to management on the state of model risk across Athene
  • Facilitate the Model Risk Management working group, including scheduling meetings, setting agendas, coordinating cross-functional input, and tracking action items to closure
  • Build and maintain key relationships across the business to foster model risk awareness and a strong risk culture, with functions across the organization including Actuarial, Finance, Risk, Tax, Treasury, Derivatives, and Internal and External Audit
  • Build and maintain ongoing engagement with the business to identify new models or significant model changes and maintain the accuracy and completeness of model inventory within the Model Risk Management system
  • Actively manage the model inventory within the model risk management system
  • Provide oversight of independent validations conducted by internal or external subject matter experts, or perform independent validations in certain cases
  • Serve as an effective challenger to first-line model owners and developers
  • Oversee reporting on model risk to internal stakeholders (e.g., the Model Risk Management working group and the Operational Risk Committee) and, where applicable, external stakeholders such as regulators and auditors.

Qualifications and Experience:
  • 8+ years of relevant experience developing or validating insurance actuarial, financial, or risk management models, including 4+ years of direct or indirect (formal or informal) leadership experience; knowledge of complex investments and financial markets desired.
  • A bachelor's or higher degree in Actuarial Science, Quantitative Finance, Risk Management, Finance, Economics, Statistics, Mathematics, or a related field required
  • An actuarial designation (e.g., FSA, ASA) or CFA, PRM, FRM designation desired
  • Self-driven individual contributor with experience partnering with the business to execute validations under tight deadlines
  • Fast learner with strong analytical and technical skills with sound judgment and attention to detail
  • Excellent communication skills, with the ability to build and maintain strong working relationships across the organization
  • Experience with US Statutory and US GAAP accounting and reporting beneficial

Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene.
Athene is a Military Friendly Employer! Learn more about how we support our Veterans.
Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

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