HWThree is partnered with an International Banking Corporation looking to hire an Audit Director for Model Risk Management .
This is a full‑time, hybrid role, requiring 2 days work on‑site in the Charlotte metro region.
As an Audit Director Model Risk you will:
- Produce third‑line review of a variety of models including managing, validating and auditing in Credit, CCAR, BSA/AML, Liquidity, Treasury, Market risk, and more.
- Lead projects in the above.
- Analyze the model documentation based on a plethora of aspects such as model data and parameters, design and methodology, implementation, and model documentation.
- Certify the compliance of the bank’s model risk management policy and relevant regulatory guidelines such as SR 11‑7.
- Report on the third‑line work in compliance with the Internal Audit Manual.
- Assess the first and second line documentation and confirm that the necessary challenge and evaluations were adequately completed and properly documented.
- Assess model assumptions and limitations.
- Report to senior management about issues, challenges and methodologies.
As an Audit Director Model Risk you will require:
- Advanced degree in quantitative discipline (i.e. Engineering, Quantitative Finance, Physics or other related fields)
- Relevant knowledge of derivatives pricing theory across one or more asset classes (IR/FX/Credit/Equity), traded products and market/credit risks.
- 10+ years of work experience practicing one of the following: model validation, model development, risk management, or any related fields.
- Well‑built oral communication and technical writing skills.
- Understanding of statistical analysis as well as SR 11‑7 guidance on model risk management.
- Familiarity with vendor pricing platforms such as MUREX, Polypath, Bloomberg, etc.
- Quality programming and database skills.
In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
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