Model Risk Resume Sample
Work Experience
- Assessing adequacy of model owner’s monitoring and maintenance
- Supporting dissemination of Bank’s model development, documentation and validation standards
- Conduct Local Model Risk Management activities for Corporate Treasury and other BI&GF units (e.g. controls and practices pertaining to the model risk associated with the use of models once they have been validated put into production)
- Collaborate with GRM-Enterprise Market Risk in ensuring accuracy and appropriateness of the banking-book market risk measurement
- Investigate, and coordinate enhancement on, the post production activities in the model risk areas under decentralized validation groups’ purview
- Assist in synthesizing an independent view and assessment of RBC’s model risk profile across BI&GF
- Perform independent validation of models used by Corporate Treasury and other BI&GF units. Ensure the validation activities are in compliance with all the enterprise model risk policies standards and procedures
- Be the Enterprise Model Risk Management (EMRM) expert in the BGF area by bringing a combination of deep banking book business knowledge, business acumen and quantitative expertise to the broader EMRM team
- Interaction with key members of the Risk and Finance organizations, as well as key stakeholders across strategic business units that use the output of the PPNR models for capital, business and strategic decisions
- Evaluate existing PPNR framework in relation to corporate objectives and industry leading practices. Assess model development and monitoring needs and supports processes to achieve desired future state
- Act as subject matter expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
- Provide input in identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements
- Authority to monitor, report and escalate model non-compliance issues
- Monitoring and Control (CSA): provide support to the first line of defence and provide a second line of defence assessment of model risk
- Manage a local model validation unit and a team of quantitative risk consultants
- Develop, implement, and maintain concepts and practices of Local Model Risk Management for BGF (e.g. controls and practices pertaining to the model risk associated with the use of models once they have been validated put into production)
- Day-to-day management of the model validation staff to ensure
- Timely and effective execution of all model validation activities for the BGF models
- Ensuring BGF validation activities comply with all the enterprise model risk policies standards and procedures
- Ensuring model stakeholders are aware and are compliant with model risk issues and limitations identified in validation reviews
- Partner with Model Risk Governance in its oversight of the model risk management practices of the various model validation teams residing in BGF
- Responsible for model development, maintenance and ongoing monitoring of all types of PPNR models
- Support stress testing, capital quantification and/or internal capital allocation methodologies. Ensures that modeling approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance
Education
Professional Skills
- Excellent communications skills, both oral and written, are essential as well as good interpersonal skills
- Strong understanding and 5+ years’ experience using statistical modeling techniques and approaches experience with DFAST model validations
- Strong understanding and 2+ years’ experience using statistical modeling techniques and approaches, experience with DFAST model validations
- Excellent research, problem solving and analytical skills with an understanding of TD’s business and products
- Analytical and numerate with strong conceptual and practical problem-solving and project management skills
- Coordinate and manage model validations with business units and validation firms and oversee the editing and content of model validation reports
- Have strong quantitative skills with a Ph. D in a quantitative discipline (e.g., Physics, Mathematics, Statistics, Engineering, Computer Science)
How to write Model Risk Resume
Model Risk role is responsible for quantitative, interpersonal, programming, analytical, reporting, finance, database, java, analysis, modeling.
To write great resume for model risk job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Model Risk Resume
The section contact information is important in your model risk resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Model Risk Resume
The section work experience is an essential part of your model risk resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous model risk responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular model risk position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Model Risk resume experience can include:
- Conduct hands-on evaluation of models proposed by the company’s risk and business units. This includes assessing model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches and creating alternative models
- Strong interpersonal skills, solid people development skills and proven leadership and influencing skills,
- Excellent problem solving and analytical skills with an understanding of Bank’s business and products
- Strong analytical and reporting skills and knowledge of database techniques
- Excellent written and interpersonal communication skills, in particular the ability to explain technical topics to a non-technical audience
- Have proven communication, convincing and advisory skills with the ability to work at all levels in the organisation
Education on a Model Risk Resume
Make sure to make education a priority on your model risk resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your model risk experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Model Risk Resume
When listing skills on your model risk resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical model risk skills:
- Has good programing skills, e.g. SAS, VBA, Matlab, C++ and R
- Strong critical and creative thinking skills with ability to synthesize data
- Programming experience, with demonstrated exposure to multiple languages such as Python, C++, SQL, and Matlab
- Programming skills: C++/ R/ Python/SAS (at least one of them on an advanced level)
- Programming skills: R, Python, VBA (at least one of them)
- People Management skills (coaching, giving & asking feedback)
List of Typical Experience For a Model Risk Resume
Experience For Model Risk Analyst Resume
- Strong verbal and writing communication and interpersonal skills
- Exceptional analytical, computational and critical thinking skills
- Assessing model validations for quality of the reports
- Programming experience in SQL, VBA is an asset
- Knowledge and experience of applying SR 11-7 Model Risk Management framework and understanding the regulatory development in this area
- Modeling, project management or other related experience
- Advise junior team members in the resolution of technical problems. Provide leadership for projects and strategic directions on validation activities
Experience For Manager, Model Risk Management Resume
- Provide independent review and validation of market risk type models including VaR and stressed VaR as part of both standard risk management and CCAR/DFAST
- Good familiarity with American and Canadian financial regulatory requirements and guidelines, namely FRB CCAR and OSFI CAR
- Reviewing and interpreting the results of on-going model performance tests (e.g. back testing)
- Identifying limitations of the models under review, testing model numerical, statistical, and/or computational accuracy
- Advising on the development of challenger models for benchmarking comparisons
Experience For Model Risk Management Analyst Resume
- Evaluating model owner assumptions and data integrity
- Reviewing model governance and control process
- Challenging business views as to what constitutes a model
- Interacting with regulators and auditors on all aspects of the Model Risk Management program
- Providing input into design of GMVG’s new controls to ensure their compliance with audit requirements
Experience For Chicago Data & Analytics Model Risk Financial Services Senior Consultant Resume
- Working knowledge of SR 11-7 Model Risk guidance for Model Risk
- Specifying simple, benchmark portfolios representative of the Bank’s risk profile and monitoring risk models outputs for these portfolios
- Support internal capital allocation methodologies by ensuring that the underlying modeling approaches meet internal corporate needs and regulatory requirements
- Responsible for supporting model development, maintenance and ongoing monitoring of all types of PPNR models
- Key point of contact for headcount related reporting for global Model risk group and reporting to senior management; weekly and monthly
- Possibility to be a part of a new, rapidly developing team with exciting future prospects for growth within the company
Experience For Commercial Equipment Capital Model Risk & Business Analytics Manager Resume
- Cooperation with high-quality professionals in a challenging area of the financial industry with one of the world's leading companies
- Assist in the preparation of periodic updates and reporting to the Bank’s Operational Risk Committee and Board ERC as it relates to model risk management
- Work to standardize the tuning process and Model Risk Framework implementation across all AML coverage areas
- Support future enhancement efforts related to the AML transaction monitoring system
- Provide training sessions as needed to Business Unit / Regional teams on new scenarios
Experience For Ccb-risk-model Risk Architecture Resume
- Prepare annual budgets for the risk groups by partnering with the functional leads to understand growth and efficiency opportunities
- Manage finance projects and adhoc requests using tools such as HCR & SDM
- Basic knowledge of financial products, pricing methodologies would be disreable
- Communicate findings to model owners and management, and ensure those findings are addressed appropriately
- Provide technical expertise to resolve model risk issues and enhance overall model risk framework. Work with other Risk teams to ensure that model risk management policies/processes and quantitative modeling approaches are consistent
Experience For Global Co-head of Model Risk Audit Resume
- Proactively provide training to promote understanding of model risk measurement throughout the company
- Responsible for being the department’s subject matter expert on financial management; interpretation of the balance sheet and income statement including critical revenue and expense line items
- Conducts in-depth analytical reviews of The Bank’s Risk, PPNR, ALM, ALLL, cash flow, and valuation models; with challenge on the theoretical and control soundness of the models
- Maintains an up-to-date, bank-wide inventory of all quantitative models and qualitative computational tools within The Bank’s GRC system
- Provides guidelines to model owners for effective model development or acquisition, adequate documentation, input data quality, testing, outcomes analysis and model performance monitoring
- Develop Model Validation Script including model validation scope, model testing requirements and model testing methodologies
- Informs MRM Program Manager of any delays in model implementation arising from documentation, validation, control, or other situations
- Observes scheduling requirements necessary to execute the model validations throughout the year
Experience For VP, Model Risk Management Resume
- Conducts a combination of focused reviews and/or full model validations as determined by MRM schedules or policy
- Linear regression including simultaneous equations models
- Replicate and build models using SAS, R, Python, Matlab, etc
- Develop a working knowledge of models so as to be department’s subject matter expert on models
- Specifies appropriate remedial action plans for models with identified deficiencies
- Maintain compliance with applicable rules, regulations, and expectations set by regulators for model risk management including as The Bank grows and becomes more complex (e.g., SR 11-7, SR 12-7, SR 15-18/19)
- Familiarity with the financial services regulatory environment, especially model risk management requirements
- Occasionally travel overnight on business
- Review and effectively challenge completed model validations to ensure compliance with Model Validation Script, and confirm that completed validations are complete, thorough, accurate, and factual
Experience For Model Risk Auditor Resume
- Prepare and distribute Model Validation Executive Summary with completed Model Validation Report to model owners and review model validation results
- Ensure adequacy of model developmental and implementation testing
- Track model issues through remediation
- Work with business units to develop ongoing monitoring plans, ensuring the implementation of appropriate model testing and monitor test results to ensure the model is performing as intended
- Offer effective challenge of models, including model assumptions, methodologies, data and calculations at all phases of the model life cycle
Experience For Model Risk Manager, VP Resume
- Perform internal model validations as assigned
- Some experience in statistics, financial math, or data science
- Work with colleagues to provide support during internal audits and regulatory examinations
- Exposure to mathematical concepts including
- Prepare reports and present assigned information to the Model Risk Management Committee
- Knowledge of derivative theory to the standard of John Hull’s "Options, Futures and Other Derivatives" (or comparable text)
- Gather information for the initial requests for the introduction of models/tools to be used throughout the firm or offered to clients for their use
- Interact with the developers and business unit owners and gather model development documentation
List of Typical Skills For a Model Risk Resume
Skills For Model Risk Analyst Resume
- Strong computer skills and knowledge of programming language including R
- Effective presentation and strong spoken and written communication skill is essential
- Excellent written and oral communication skills with an ability to communicate technical topics to a broad audience,
- Excellent verbal and written communication skills. Ability to work independently and in an environment that sometimes has a high level of ambiguity
- Demonstrate deep understanding and command practical experience in the areas of model risk management including model development
Skills For Manager, Model Risk Management Resume
- Very well rounded in verbal and written communication, especially in documents and reports writing skills with concise and easily understandable language
- Perform validations of a variety of models employed at E TRADE. A model validation includes the following
- Work effectively with the Global MRM leadership including contribution to the activities to join up the function so that is is
- Relevant experience in quantitative research, model development or model validation of capital or derivative pricing models in a financial institution
- Provide strong leadership and effective management for the regional Model Risk Mangement function
- Good command of statistics and some experience with econometric analysis of time series
- Constructive conflict management ability; ability to collaborate effectively with model owner/sponsor counterparts as well as internal audit and regulators
- Programming experience in deep learning framework such as Tensorflow, Keras, PyTorch, PyBrain and Gym
Skills For Model Risk Management Analyst Resume
- Programming experience (R, Python, MATLAB, SAS, SQL, C/C++, etc.)
- Advanced understanding of quantitative techniques used in developing and validating Market or Credit Risk models
- Proficiency in writing high quality standardized reports, white papers, and in making effective presentations
- Experience building and using investment models
- Support Model Risk Supervisor to review and validate new and existing Consumer Valuation (scoring and risk segmentation) models across NA Cards portfolios
- A strong level of awareness around emerging industry issues (e.g. Basel II, III, IFRS9 and FRTB)
- Validation and monitoring of the above models
- Experience in a Production Management role in a high intensity working environment (i.e. Investment Bank or similar institution)
Skills For Chicago Data & Analytics Model Risk Financial Services Senior Consultant Resume
- Experience working with external regulators
- Strong understanding of the John Deere Financial organization and functional departments
- Experience working with all primary asset classes (equities, rates, credit, FX and commodities) and
- Strong working knowledge of the economic relationships across asset classes
- Strong personality with the ability to maintain a healthy skepticism when interacting with specialized experts
- Ensure effective use of the Centres of Excellence (in line with the global operating model) and achieve optimal balance of resources in the Centre and Region
- Big 4 or related consulting experience
Skills For Commercial Equipment Capital Model Risk & Business Analytics Manager Resume
- Experience in rates modeling and derivative products
- At least five years’ experience in quantitative analysis with statistics or data mining
- Four or more years’ experience in quantitative analysis with Statistics, Econometrics or Financial Risk Management in banking or a related industry
- Experience in mortgage modelling
- Experience programming in C/C++/C#, VisualBasic, MatLab, R, and SAS
- Prepare rigorous workpapers documenting the validation review and analysis
- Hands on experience with fixed income or market risk models
- Some experience in fixed income markets and/or products
- Model Validation external vendors - operational
Skills For Ccb-risk-model Risk Architecture Resume
- Cross-functional work experience in multiple functional areas across John Deere Financial
- Audit (Financial, Operational, Products) experience
- Build, prototype and improve methodologies related to model validation
- Strong technical risk proficiency afforded by a career track record of accomplishments within investment management
- Able to work well as an advisor to others who have deep industry experience
- Build a strong network of local Model Risk Management advocates among the regional leadership teams
- Experience within the financial services industry, especially in risk
- Knowledgeable of model risk management and associated regulatory requirements. Strong project management capabilities
- Hands on experience in Microsoft Access (or other databases), SAS, SQL, Microsoft Excel, and Microsoft PowerPoint
Skills For Global Co-head of Model Risk Audit Resume
- Proven ability to work in collaborative and team environment
- Taking a leadership role with the ability to move from strategic thinking to operational implementation
- Designing and implementing a review of GMVG’s official policies and procedures to ensure their cross-consistency and completeness
- Understanding of market and credit risk management would be an asset
- Supporting the completion of Northern Trust’s annual capital plan through outcomes analysis of the PPNR models
Skills For VP, Model Risk Management Resume
- End to end model management covering Scoring, Non-Scoring, Risk Segmentation Models and Stress Testing Modelling across Consumer Lending Portfolios
- Independently reviewing and analysing pricing methodologies used within market risk models in the space of Stress testing and Value at Risk (VAR)
- Finance in ensuring local modelling systems meet external reporting standards/
- Two or more years in Financial/Banking Industry (Economic Capital, Stress Testing, Basel III, Market risk, Trading, Liquidity)
- Advanced understanding of market risk management modeling would be an asset
Skills For Model Risk Auditor Resume
- Assist with completion of corporate reporting and other filing requirements
- Develop expertise on different actuarial modeling methods, financial and regulatory reporting, as well as financial metrics that support business decision
- Collaborate with local FLOD model owners to provide greater understanding of model risk through training and communication
- Deep understanding of financial mathematics and risk-neutral pricing
- Have an understanding of common understanding of models and MRM
- Have an understanding of common understanding of models and model risk management
- Knowledge of IAS 39 and impairment modelling
- Perform independent model vetting on critical business models
- Prepare model vetting reports and ensure clear communication on model error findings
Skills For Model Risk Manager, VP Resume
- Changeable and flexible, able to act swiftly in changing situations
- Proficiency in interacting with table-based and file-based structured data
- Analyze opportunities for marketing campaigns
- Conduct capital adequacy stress testing exercises
- Monitor customer activities for fraud and anti-money laundering
List of Typical Responsibilities For a Model Risk Resume
Responsibilities For Model Risk Analyst Resume
- Strong organizational skills with the ability to work effectively in a fast-paced environment with multiple deadlines and competing priorities
- Prior experience in handling risk data, policies, and procedures
- Work with the Model Validation managers and wider team to enhance and update model validation methodologies, documentation, tools and frameworks
- Undertake independent model validation in line with agreed review plan and to deliver high quality model risk validation reports
- Maintaining good working relationship with stakeholders, adopting a proactive communication engagement with model owners for future business and model use
- Developing and creating model validation plans for AML related models
- Strong understanding of reading and interpreting coding languages (e.g. Python, Java Script, etc.)
- Manage model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews
Responsibilities For Manager, Model Risk Management Resume
- Close collaboration with senior stakeholders in delivering high-quality validation reports and highlighting risks and limitations of the model
- Proven track record and demeanor to handle highly confidential and sensitive matters changing environment
- Assist in developing data validation standards and assess the data quality that feeds into models. Partner with Chief Data Officer on Data Governance projects
- Track record of strong technical model development, model management, and/or model oversight in one or more of the following areas
- Build program schedule consolidating streams’ specific schedules
- Have beyond 8 years relevant work experience in risk measurement/modelling within a major bank or financial institution
- Have beyond 9 years relevant work experience in risk measurement/modelling within a major bank or financial institution
- Acquire and demonstrate knowledge of policies, procedures, and regulatory requirements pertaining to risk management
- Experience in quantitative modeling
Responsibilities For Model Risk Management Analyst Resume
- Team player who can excel in a fast-paced work environment with a strong desire to learn and the ability to adapt to a changing environment
- Oversee third-party vendors contracted to conduct model validation to ensure that work product meets Bank standards
- Work independently and to demonstrate credible challenge
- Support the development and maintenance of the Model Validation Framework
- Supporting the business and corporate risk management in interactions with regulators and external auditors on matters related to model risk management
Responsibilities For Chicago Data & Analytics Model Risk Financial Services Senior Consultant Resume
- Understanding of OCC 2011-12 and SR 11-7 guidance on model risk management
- Reviewing the Bank's risk governance framework of model risk management and meeting all compliance requirements
- Assessing conduct risk models including, anti-money laundering, fair lending, and fraud
- Assists in build out monitoring and reporting/trending of the Bank’s key risk indicators embedded within the risk inventory framework
- Assist in developing, maintaining, and implementing the Bank's Model Risk Management Program
- Assist in managing stakeholder interaction with model developers and business owners during the model lifecycle
Responsibilities For Commercial Equipment Capital Model Risk & Business Analytics Manager Resume
- Assist in establishing standards for managing areas of model risk: Development and implementation, governance and documentation, and model performance
- Interfaces primarily with model owners and other business partners in the AML, Consumer Lending, Deposits and Payment Services areas
- Proficiency in using SAS, Excel, Word and PowerPoint
- Interfaces primarily with business partners in Financial Modeling space
- Sound knowledge of Calculus, Statistics, Linear Algebra and application in Machine Learning techniques
- Opportunity to grow as a professional through working with a wide range of models
- Compile presentations for Senior Management covering regulatory impacts, key methodology features and capital implications
Responsibilities For Ccb-risk-model Risk Architecture Resume
- Initiate training on model risk and new methodology implementations
- Support the maintenance of the Group Model Inventory and Reporting Dashboard
- Review and provide guidance on existing and to-be developed Model Documentation
- Maintains up-to-date Model Risk Management Policy and provides updated information to the Model Risk Manager for reporting to Committees
- Are persuasive; being able to ‘get people on board’ and ensure necessary buy-in from stakeholders
- Sound knowledge of Statistics, Linear Algebra. Application in Machine Learning techniques would be an asset
- Competent user of Microsoft Excel and/or a modelling language (e.g. SAS)
- Use software modeling tools to perform model diagnostic/replication work and to process and analyze large quantities of data
- Maintain the Enterprise’s model inventory and model documentation library
Responsibilities For Global Co-head of Model Risk Audit Resume
- Assist with governance for MRM by reviewing policies, controls, risk assessments, documentation standards, validation standards, and technology solution(s) required to manage the modeling processes used throughout the Lines of Business
- Engage in interaction with the model owners, the model development teams, and the regulators
- Ensure the bank is in compliance in accordance to OCC 2011-12 and SR 11-7 regulatory guidance
- Translate quantitative concepts into layman’s terms
- Perform timely validation of new and existing models used by Banking, Insurance and Global Functions, ensuring compliance with RBC’s model risk policies and validation standards
Responsibilities For VP, Model Risk Management Resume
- Comprehensive knowledge and broad exposure to pricing, risk management and capital models
- Builds out a database for loss events conducting review of loss reporting and comparing to GL/Finance data as part of Bank’s formalized Operational Risk program practices (including Operational Loss reporting policy) adherence
- Programming experience in Matlab, C, Java and Python
- Apply numerical analysis, statistics and financial mathematics techniques to solve practical problems
- Broad exposure to and excellent knowledge of derivatives pricing and risk models for main product types (equity, FIC, IR/FX, securitized products, credit, commodity), and quantitative risk management methodology
- Collaborate with MRM senior management in to develop and manage achievement of the team’s financial and resource goals
Responsibilities For Model Risk Auditor Resume
- Work closely with the MRM’s senior management team to coordinate financial planning/analysis and risk management activities, to meet the team’s annual goals/deadlines; including monitoring and report on recruiting efforts and budget vs. actuals of direct expenses
- Assess global footprint and partner with functional leads and COO to evaluate & further define appropriate Location Strategy model for the organization: regularly reviewing/updating the teams’ cost allocations, and develop succession/mobility and capacity plans
- Lead the team’s business continuity planning efforts; including developing plans in partnership with Firm Risk, Firm BCP, and IT
- Facilitate the team’s compliance with Sarbanes Oxley requirements and the firm’s Risk and Control Self-Assessment and Incident reporting processes; liaising with other risk leads and centrally tracking the team’s open issues/actions
- Perform the Business Unit Information Security Officer (BUISO) role: responsible for the implementation and effectiveness of the Firm’s Information Security Program. On a periodic basis discusses information security metrics, highlights key risks, issues, trends and status of selected Information to senior MRM management
- Develop and provide expertise in model risk management and model validation. Design risk management practices, methodologies, training and use cases
Responsibilities For Model Risk Manager, VP Resume
- Debate conceptual soundness of the Firm’s market risk models
- Senior level experience in the in the development of advanced credit risk capital, stress testing and loss forecasting models for banking products, wholesale credit or retail credit portfolios
- Participate and/or lead work in model risk management, model governance and validation projects across financial services industry. Particularly in the areas of CCAR, DFAST, Basel
- Has a strong technical quantitative skillset
- Exceptional interpersonal skills and ability to deliver high complex processes
- Has broad expertise in quantitative risk modelling/validation. An understanding of risk management (e.g. sanctioning, collections, etc) is an advantage