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.
