Director, Model Risk Management

Job Summary

The Director, Valuation & Capital Markets Analytics (VCMA) - Quantitative Financial Advisory Solutions (QFAS), is responsible for leading and delivering complex Model Risk Management (MRM) engagements across the full project lifecycle-from proposal development through execution and completion. This role will oversee the management of MRM assignments, guide and develop team members, and ensure the highest quality of client service. In addition, the Director will contribute to business development initiatives, strengthen client relationships, and support appraisal and review activities that enhance the growth of the practice.

Job Duties

Executes the office's business development plan in collaboration with the MRM team, building and maintaining relationships with key executives and stakeholders to support growth across business lines and industries

Leads and manage MRM services across a wide range of model families, including :

Credit Risk Models : CECL, Basel, CCAR, loss forecasting, and stress testing

Market & Balance Sheet Models : Valuation models and Asset Liability Management (ALM) models

Compliance & Monitoring Models : BSA / AML compliance and fraud detection

Oversees engagements from initiation to completion, including project setup, administrative coordination, team management, client communications, and presentations

Critically reviews model functionality, evaluating methodologies and assumptions, and documenting conclusions

Ensures quality controls, regulatory expectations, and BDO risk management procedures are consistently adhered to in all client deliverables

Actively participates in internal and external client meetings, contributing to project execution, knowledge sharing, and relationship building

Other duties as required

Supervisory Responsibilities

Supervises the day-to-day workload of VCMA - QFAS staff on assigned engagements, reviewing work products for accuracy, completeness, and quality

Ensures staff are trained on relevant models, methodologies, and best practices to strengthen technical capabilities

Evaluates staff performance, provide constructive feedback, and assist in setting professional development goals and objectives

Delivers periodic feedback and complete formal performance evaluations in a timely manner

Serves as Career Advisor and mentor to designated staff, supporting career growth, professional development, and engagement within the practice

Qualifications, Knowledge, Skills, and Abilities

Education

Bachelor's degree, required

Master's degree and PhD, with a focus in Finance, Financial Engineering, Actuarial Science, Risk Management, Mathematics, Computer Science, Statistics, Economics, preferred

Experience

Fifteen (15) or more years of experience within financial institution, finance regulators, independent advisory firms, banks, or other financial services firm, required

Experience with managing a team of model developers or validators, required; Head of model development department or model validation department, preferred

Experience in developing, validating or auditing a variety of models including but not limited to valuation models, CCAR / CCEL / BASEL loss forecasting, stress testing and other credit risk models, BSA / AML compliance models, Fraud, Asset Liability Management (ALM) models, etc., required

A combination of industry experience with hands on knowledge of different vendor models and advisory experience with proven track record of practice development, required

Expertise in understanding the model risk management regulatory landscape, such as SR 11-7, required

License / Certifications

CFA, FRM, QRM, ASA or other valuation industry credentials, preferred

Software

Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required

Prior experience with Capital IQ or Bloomberg, required

Prior experience with programming languages such Macro / VBA, R, Python, SAS, SQL, and other industry software, required

Other Knowledge, Skills, & Abilities

Superior verbal and written communication skills

Superior analytical and research skills

Solid organizational skills, especially the ability to meet project deadlines with a focus on details

Ability to successfully multi-task while working independently or within a group environment

Ability to work in a deadline-driven environment and handle multiple projects simultaneously

Ability to effectively manage a team of valuation professionals and delegate work assignments as needed

Capacity to build and maintain strong relationships with internal and client personnel

Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel

Executive presence and ability to act as primary contact on assigned engagements

Ability to successfully interact with professionals at all levels

Ability for intermittent travel within the US and internationally

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.

National Range : $260,000 - $300,000

Maryland Range : $260,000 - $300,000

NYC / Long Island / Westchester Range : $260,000 - $300,000

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