Model Risk Governance Specialist

Title: Model Risk Governance Specialist

Location: Montreal,QC

Email Address: davidm@kyyba.com

PR: $63/hr on T4

About Kyyba:

Founded in 1998 and headquartered in Farmington Hills, MI, Kyyba has a global presence delivering high-quality resources and top-notch recruiting services, enabling businesses to effectively respond to organizational changes and technological advances.

At Kyyba, the overall well-being of our employees and their families is important to us. We are proud of our work culture which embodies our core values; incorporating value, passion, excellence, empowerment, and happiness, creates a vibrant and productive atmosphere. We empower our employees with the resources, incentives, and flexibility that they need to support a healthy, balanced, and fulfilling career by providing many valuable benefits and a balanced compensation structure combined with career development.

Job Description:

The Model Risk Governance Specialist is responsible for the following activities:

• Ensure compliance with all relevant regulatory requirements and internal standards related to model risk management under the guidance of the Head of RISK IRC Americas.
• Prepare and present regular reports on model risk status, issues, and mitigation efforts to senior management, internal audit and regulators.

· Coordinate and engage the model validators to ensure that model risk management practices are integrated into the model development and validation processes.

· Provide training and guidance to stakeholders on model risk management principles and best practices.

• Maintain an updated model inventory in accordance with model risk management (MRM) decisions.

· Manage the recommendations inventory and engage with the validators and implementation managers to ensure their adequate and timely resolution.

· Coordinate the annual model attestation with Business Lines and the effective challenge exercise to ensure the completeness and accuracy of the model inventory.

• Maintain and update when necessary, model risk policies, standards, and procedures to ensure consistent and effective model risk management.
• Contribute to the Operational risk framework. Support the annual operational Risk and Control Self-Assessment (RCSA) of RISK IRC Americas. Document the permanent controls applied by model governance team to ensure the oversight and robustness of the MRM framework.

List of required competencies

• Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Statistics, or a related field.

• 3+ years of experience in model risk management, preferably within the financial services industry.

• Ability to work in a fast-paced environment and manage multiple deadlines at once.

• Strong sense of ownership and accountability.

• Excellent analytical and organizational skills.

• Ability to engage various stakeholders and deliver clear reports.

• Strong verbal and written communication skills.

• Good synthesis skills and critical thinking capabilities.

• Highly efficient with Word, PowerPoint, Outlook and Excel.

• Knowledge of the English is required.

Preferred qualifications

In addition to the minimum requirements, it is desirable for the candidate to be able to demonstrate:

• Programming skills (Python).

• Knowledge of AI models governance or validation.

• Knowledge of regulatory guidance on model risk management and banking regulation.

• Knowledge of databases and systems for model inventory management.

• Experience in interacting with model validators or internal auditors.

• Experience in writing policies and procedures.

Disclaimer:

Kyyba is an Equal Opportunity Employer.

Kyyba does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. Minorities / Females / Protected Veterans / Individuals with Disabilities are encouraged to apply. All employment is decided on the basis of qualifications, merit, and business need.”

It is the policy of Kyyba to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please contact Kyyba at 248-813-9665

Rewards:

Medical, dental, vision

401k

Term life

Voluntary life and disability insurance

Optional Pre-paid legal plan

Optional Identity theft plan

Optional Medical and dependent FSA

Work-visa sponsorship

Opportunity for advancement

Long-term assignment with opportunity for hire by client

SELECT AWARDS

· An INC 5000 company for 10 years

· Corp! Michigan Economic Bright Spots

· Crain’s Detroit Business Top Staffing Service Companies in Detroit

· TechServe Alliance Excellence Award- IT and Engineering Staffing & Solutions

· Best of MichBusiness winner in HR Wizards & Partnerships

· Metro Detroit Elite Category: Recruitment, Selection & Orientation for 101 Best & Brightest

· 101 Best & Brightest Companies to Work for in Michigan