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This position will implement and maintain model governance processes for all of the TIAA models in compliance with Model Risk Management (MRM) Policy - including model inventory, model certification, annual model review, on-going model performance review.
KEY RESPONSIBILITIES AND DUTIES:
Establishing consistent model risk standards and controls for model inventory, regulatory and management reporting
Ensuring that all MRM Policy requirements are being met in on-boarding of new models as well as in changes to the existing models
Engaging in the entire model lifecycle to support model validation outcome during model approval process
Overseeing the ongoing monitoring process for all models
Conducting an annual model attestation process and ensuring that all models are identified and included in the MRM inventory
Developing and producing a model risk report on a regular basis
Representing MRM in front of regulators and coordinate responses on behalf of MRM
Advanced degree in a quantitative discipline (statistics, mathematics, hard sciences or engineering) is required.
Minimum of 7 years of experience within a business or risk control function (e.g., model governance, model validation, model design or quantitative audit) that relies on quantitative models is required.
Knowledge of financial markets, products and analytics is required.
Understanding of supervisory guidance on Model Risk Management (SR 11-7) preferred.
Experience drafting documentation and reports for senior management and regulators.
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This organization is an equal employment opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, this organization expressly prohibits discrimination, harassment, and retaliation on the basis of race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy (including childbirth, breastfeeding or related medical conditions where applicable), sexual orientation, gender, gender identity, gender expression, transgender, marital status, national origin, ancestry, physical or mental disability, requesting a reasonable accommodation based on mental or physical disability, medical condition (as defined by applicable law), genetic history and information, citizenship status, military or veteran status, or any other status protected by federal, state, or local law or ordinance or regulation (collectively referred to here as “protected characteristics”).
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