Risk Governance Specialist

Job Title: Risk Governance Specialist

Location: Montreal, QC H3A 2A6

Duration: 3 Months

Job Type: Temporary Assignment

Work Type: Hybrid

Pay Rate: $ 44.24 - $ 63.11/Hr

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking.

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 language is required.

Preferred Qualifications:

• 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.

TekWissen® Group is an equal opportunity employer supporting workforce diversity.