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Senior Model Risk Management Jobs in Ohio (NOW HIRING)

Model risk (validation, performance, drift monitoring) * Data risk (quality, lineage, privacy, and usage rights) * Bias, fairness, and explainability * GenAI/LLM risks (prompt management ...

The AVP, Model Validation is responsible for model validation and ensure they are meeting Model Risk Management policies, standards, procedures as well as regulations (OCC2011-12/SR 11-7). This role ...

Quantitative Model Analyst - AML

Columbus, OH

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

Quantitative Model Analyst - AML

Cincinnati, OH · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

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Senior Model Risk Management information

What is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

What are the most commonly searched types of Model Risk Management jobs in Ohio?

The most popular types of Model Risk Management jobs in Ohio are:

What cities in Ohio are hiring for Senior Model Risk Management jobs?

Cities in Ohio with the most Senior Model Risk Management job openings:

Full-time

Re-posted 8 days ago


Job description

General Summary:
Independentlyleads and assists activities related to managing and mitigating model risks, byindependently performing validations, monitoring governance, and providingguidance and expertise related to models used by the Bank. The Senior Analystcollaborates with various stakeholders to ensure the accuracy, reliability, andregulatory compliance of models used for pricing, risk measurement, anddecision-making processes.
Principal Duties andResponsibilities:

  • Model Validation and Governance: Independently perform validation and governance efforts related to Bank models. Conduct comprehensive assessments of model accuracy, reliability, and robustness. Independently perform model validation activities, including reviewing model assumptions, methodologies, and implementation. Identify limitations, weaknesses, or gaps in models and propose enhancements or alternative approaches.
  • Model Risk Management Framework: Contribute to the development and enhancement of the bank's model risk management framework, policies, and procedures. Support the implementation and management of model risk management processes, including model inventory, model change management, and ongoing model monitoring.
  • Regulatory Compliance: Coordinate with key stakeholders to ensure compliance with regulatory model risk requirements (FHFA AB 2013-07; FHFA AB 2022-03).
  • Risk Identification and Measurement: Identify and assess the risks associated with financial models, including model errors, biases, and limitations.
  • Model Documentation and Reporting: Prepare comprehensive model validation reports, documenting the validation process, findings, and recommendations.
  • Collaboration and Leadership: Collaborate with key stakeholders to provide guidance and expertise in support of a sound model risk management environment at the Bank. Provide guidance and mentorship to junior members of the model risk management team.
  • Continuous Improvement and Innovation: Stay abreast of emerging trends, industry best practices, and technological advancements in model risk management. Identify opportunities for process optimization, automation, and efficiency gains within the model risk management function and ERM department.
  • Performs additional duties as requested by management.