Model Risk Management Lead

This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used by the bank, directly or through its fintech partners. You’ll play a critical role in safeguarding the company against regulatory, financial, and reputational risks linked to model risks. Your expertise will help prevent potential losses and ensure compliance with Lead’s stringent risk management standards. In this role you will: Oversee Lead’s overall Model Risk Management program Maintain Lead’s Model Inventory Perform due diligence on fintech partner model risk management process as part of partner onboarding Perform ongoing oversight of partner model usage throughout the partner lifecycle Frequently guide or participate in discussions with Lead’s external fintech partners to ensure understanding of and adherence to Lead’s own MRM requirements as well as regulatory expectations & industry best practices Review documentation, validate models and recommend enhancements covering a range of models from scorecards, regressions to machine learning algorithms Engage with stakeholders: Work closely with partner program managers, risk, finance, legal/compliance, customers/partners, and other related function group personnel to identify, assess, monitor, and manage model risk proactively. Ensure that, per Lead Bank model risk policy, models are: appropriately registered and risk-rated by EMRM (Enterprise Model Risk Management); validated before use; following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs. As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk. Own, design and execute on actionable MRM-related reporting to management and Board committees