Model Risk Manager - Capital Markets-2304128
Description
Job SummaryLeads the design, development, implementation, and maintenance of the firm's model risk management program. Ensures maintenance of the model inventory and compliance with ongoing governance responsibilities. Develops and updates model risk management policies and procedures, and works to consistently bring models into compliance with MRM standards. Ensures accurate issue tracking and remediation, and oversees the development of MRM and ERM quarterly reporting items. Validation activities include, but are not limited to assisting with and overseeing model validations, reviewing model governance and control processes, performing validation work paper peer review, collecting and assessing management responses to validation issues, drafting validation addendums, performing risk tier updates and affirmations, determining performance metrics, and reviewing final model validation reports. Conducts light validations on low and medium risk models. Reports to the Director of Model Risk Management and works with various model owners to maintain accurate model governance. Identifies model risk issues, follows through on model risk management objectives and validation issue resolutions, and present MRM issues to Senior Management as well as external stakeholders, including regulators and external auditors.Essential Duties and ResponsibilitiesWork with management to implement the model risk management program across the organization.
Qualifications
Knowledge, Skills, and AbilitiesKnowledge ofAdvanced concepts, practices, and procedures of model and validation governance and risk assessment.Skilled inOverseeing, planning, and documenting governance responsibilities surrounding models and model validations.Ability toManage, coordinate, and facilitate multiple initiatives in a fast paced and dynamic environment.Educational/Previous Experience RequirementsBachelor's degree (B.A.) in Business Administration, Finance, and/or Accounting and a minimum of eight (8) years of experience in relevant finance, audit and/or risk management roles in the financial services industry, preferably in model risk management governance.CFA designation highly preferred.Raymond James Guiding BehaviorsAt Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firms core values of client-first, integrity, independence and a conservative, long-term view.We expect our associates at all levels toAt Raymond James as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
Job
Risk
Primary Location
US-FL-St. Petersburg-Saint Petersburg
Organization
RJF Risk Management
Schedule
Full-time
Shift
Day Job
Travel
Yes, 10 % of the TimeEligible for Discretionary BonusYes#LI-TG1