Model Risk Management Director- Operations Risk

Grant Thornton - New York City, New York
1/26/2018 12:14:07 PM

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Job Description: Our Operations Risk practice is looking for a Director to join the Model Risk Management (MRM) “Center of Excellence”. The candidate will be a member of the MRM leadership team and will be responsible of leading MRM engagement activities and go to market efforts. The candidate will be responsible to foster internal collaboration, design leading industry practices in model risk management and developing junior associates. The position requires an in depth understanding of the OCC 2011-12/ SR11-07 and related MRM regulatory guidance as well as extensive hands-on experience with model development methodologies and validation techniques. The candidate should have previous consulting experience, expertise in writing client proposals and ability to successfully initiate and manage client relationships.

The responsibilities will include:

Lead work in model development, validation and model risk management projects across financial services industry. Particularly related to the areas of CCAR, DFAST, and BASEL regulations.

Design and implement model validation methodologies, training and use cases.

Build an industry network and enable collaboration and reuse of model risk management practices and expertise across the firm’s.

Design, develop new modeling approaches and look for opportunities for commercialization of modeling expertise.

Consistent deliver on client engagements to drive client satisfaction, revenue growth and advance the model risk practice.

Lead go to market efforts to increase the model risk management pipeline and market penetration.


Required skills, experience and qualifications:

Advanced Degree (PhD) in Statistics, Econometrics, Applied Math, Quantitative Finance or related disciplines Strong analytical and quantitative skills

Big 4 or related consulting experience

Demonstrate deep understanding and command practical experience in the areas of model risk management including model development and model validation.

Experience with different model families: Credit risk models, PD, LGD, dual credit risk rating models, IRB, ALLL, time series, linear regression and forecasting models.

Understanding of OCC 2011-12/ SR11-07, CCAR, DFAST and BASEL regulations.

Superior competence and is a credible source for external clients and internal colleagues.

Practical experience designing and developing analytical models.

Management experience , ability to lead multiple client engagements

Experience executing go to market strategies and ability to initiate new client relationship

A minimum 10 years of experience in model risk management, model validation, model testing and 5 years of experience in financial services.

Ability to conceptualize practical work to design framework and methodologies.

Hands on expertise with modeling software. Strong SAS expertise is a plus.


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The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity.

Job Location: New York, Chicago, Charlotte (national role with travel)

Requisition ID: 037750

New York City, NY
New York City, New York

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