The Model Risk Audit Director will be accountable for the strategy for, and execution of, auditing the firm’s modeling related activities.
In this role, you will:
- Manage a team of audit staff responsible for delivering against the annual Model Risk Audit Plan
- Assess associated risks and controls and complete engagements within the Model Risk Audit Plan
- Strategically evaluate and enhance the audit strategies related to model risk and the adoption of generative and agentic artificial intelligence across the organization
- Plan and organize work in an annual cycle, not just the project cycle
- Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance
- Represent the Model Audit team on the Internal Audit Artificial Intelligence Working Group
- Build and maintain a proficient team of auditors
- Provide timely feedback, coaching and monitoring of development plans
- Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
- Manage allocation of people and financial resources for Audit
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:
- 8+ years of Quantitative Analytical experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of management or leadership experience
- 3+ years of audit experience
- Master’s degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, accounting, finance, economics, or computer science
Desired Qualifications:
- Extensive experience with executing and/or providing audit coverage of model risk management activities within financial institutions
- Strong understanding of model risk regulatory requirements/expectations, including SR26-2 and SR15-18
- Familiarity with model risk and control expectations for generative and agentic artificial intelligence
- Ability to identify and articulate verbally, and within written reports, gaps or deficiencies in the control environment, risks that need to be mitigated and why, and propose solutions for remediation
- Experience managing direct reports to execute an annual audit plan
- Solid knowledge and understanding of audit or risk methodologies and supporting tools
- Strong understanding of financial regulatory environment
- Certification in one or more of the following: CQF, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
- Experience leading and providing feedback to staff on audit projects or engagements
- Experience with Issue Validation and Remediation
- Excellent verbal, written, and interpersonal communication skills
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