Director, ERM Model Risk Governance

  • Company: TIAA
  • Location: Peconic, New York
  • Posted: December 21, 2017
  • Reference ID: 1711619
Job Description



As long as there are people who make the world a better place, we'll keep making a difference for them. Since 1918, it has been TIAA's mission to serve those who serve others. It is this mission and the values we embrace that make us a different kind of financial services organization.


When you work here at TIAA, you're not just in it for yourself. You are part of something bigger. A collective mission to make a difference - a collective mission we make our own.


To be difference makers.


For more information about TIAA, visit our website.




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.




  • 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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