What are the responsibilities and job description for the AVP / VP, Model Governance (Market Risk) position at Madison-Davis, LLC?
Office Status: Hybrid
Salary: Up to $160,000
Responsibilities:
- Model Risk Oversight: Ensure compliance with model risk management policies, procedures, and regulatory requirements (e.g., SR 11-7, Basel regulations).
- Validation & Monitoring: Conduct independent validation of market risk models, including Value-at-Risk (VaR), stress testing, and sensitivity analysis.
- Governance & Documentation: Maintain robust governance frameworks, ensuring appropriate model documentation, development standards, and audit readiness.
- Stakeholder Collaboration: Work closely with Market Risk, Quantitative Analytics, Model Development, Audit, and Regulatory teams to ensure effective model risk governance.
- Regulatory Compliance: Support regulatory exams and internal audits by providing documentation and insights into model governance practices.
- Data Integrity & Risk Assessment: Assess model inputs, assumptions, and limitations, ensuring data integrity and identifying potential risks.
- Reporting & Insights: Develop reports and presentations on model performance, risk exposures, and validation outcomes for senior management and governance committees.
Salary : $160,000
