Model Risk Governance Manager Jobs in New York (NOW HIRING)

Senior Consultant – Model Risk Governance

Arrayo is seeking an experienced Model Risk Governance Consultant to join our Financial Services consulting team. As a Consultant, you will work with leading banking and capital markets institutions on strategic Model Risk Management (MRM) initiatives, helping clients strengthen governance frameworks, enhance controls, improve operating models, and address evolving regulatory and business requirements

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You will collaborate with stakeholders across Risk Management, Model Risk Management, Front Office, Finance, Compliance, Internal Audit, and Technology functions to design and implement sustainable model governance processes and controls. This role is focused on model risk governance, framework enhancement, operating model design, and program execution rather than quantitative model development or validatio

n.
The ideal candidate will have experience working within Model Risk Management organizations or supporting large-scale MRM transformation, governance, remediation, or regulatory initiatives within financial institutio

ns.
Responsibili

• tiesSupport clients in the design, enhancement, and implementation of Model Risk Management governance frameworks and operating mod
• els.Assess model governance processes and identify opportunities to strengthen controls, improve efficiency, and enhance transparency across the model lifecy
• cle.Develop and maintain model risk policies, standards, procedures, governance documentation, and supporting control framewo
• rks.Support model inventory management processes, including model classification, tiering, ownership, governance workflows, and lifecycle managem
• ent.Coordinate activities across Model Owners, Model Developers, Model Validators, Risk Management, Internal Audit, Compliance, and Technology te
• ams.Facilitate governance forums, working groups, and stakeholder meetings, including preparation of materials, action tracking, and management report
• ing.Support remediation initiatives related to model risk governance, controls, documentation, and process effectiven
• ess.Develop management reporting, metrics, key risk indicators, and governance dashboards to support model risk oversi
• ght.Document business processes, governance workflows, target operating models, and control procedu
• res.Perform assessments of model governance practices and support the implementation of process improvements and control enhanceme
• nts.Partner with business and technology stakeholders to improve model governance tooling, workflow management, and reporting capabilit
• ies.Contribute to project planning, stakeholder management, issue tracking, and overall delivery of client engageme

nts.
Require

• mentsBachelor's or Master's degree in Finance, Economics, Mathematics, Engineering, Business Administration, Risk Management, or a related discip
• line.10+ years of experience in Financial Services, with significant experience in Model Risk Management, Risk Governance, Enterprise Risk Management, Regulatory Change, or related control funct
• ions.Strong understanding of Model Risk Management principles, governance frameworks, and model lifecycle proce
• sses.Experience developing policies, standards, procedures, governance documentation, and control framew
• orks.Experience supporting model inventory management, governance processes, and model lifecycle overs
• ight.Strong stakeholder management and communication skills, with the ability to work effectively across business, risk, audit, compliance, and technology funct
• ions.Excellent written communication skills, including experience producing governance documentation, management reporting, and executive presentat
• ions.Strong analytical and problem-solving skills with the ability to identify process improvements and drive execu
• tion.Experience working on large-scale risk, governance, regulatory, or transformation initiatives within financial institut
• ions.Experience with model inventory, workflow, governance, or risk management platforms is considered an a

sset.