Model Risk Lead – Internal Audit
Core
Provide independent assurance on the effectiveness of the firm's Model Risk Management framework for quantitative models in pricing, risk management, and capital calculation.
Role type
Senior IC internal audit lead (model risk)
Builds
Independent audit reports and remediation tracking for model lifecycle controls
Domain
Financial services / Securities / Model Risk Management
Deliverable
dashboards & analysis
Required skills
Model lifecycle auditing, stochastic calculus, derivatives pricing, VaR/ES, counterparty credit risk, regulatory compliance (SFC), Python/R/C++/VBA, stakeholder challenge
Preferred skills
Big 4 audit experience, AI/ML model validation, SR 11-7 standards
Technologies
Python, R, C++, VBA
Responsibilities
Lead risk-based audits of model development, implementation, validation, and monitoring; Conduct technical assessments of complex financial models; Evaluate Model Risk Management policies and risk rating frameworks; Engage with senior stakeholders to challenge methodologies; Draft audit reports and track issue remediation; Monitor regulatory changes and update audit plans
Seniority
Senior, hands-on IC
