Director, Model Audit
Director, Model Audit
Location: Charlotte, NC
Compensation: $180,000 - $220,000 Base Salary
We are partnered with a leading global investment bank seeking an experienced Director, Model Audit to join its growing Internal Audit organization in Charlotte, NC. This individual will play a key leadership role in evaluating the effectiveness of the firm's model risk management framework, model governance practices, and regulatory compliance efforts across a broad portfolio of financial and non-financial models.
This is a highly visible opportunity offering extensive interaction with senior stakeholders across Internal Audit, Model Risk Management, Quantitative Analytics, Risk, and Finance. The role will provide substantial exposure to enterprise-wide regulatory initiatives, including CCAR, stress testing, capital planning, and model governance programs.
The ideal candidate will possess deep expertise in model risk management, model validation, model governance, or internal audit within a banking or financial services environment, along with a strong understanding of regulatory expectations surrounding model lifecycle management.
Key Responsibilities
- Lead and execute complex audits focused on model risk management, model development, model validation, and model governance frameworks.
- Assess the design and effectiveness of controls supporting the model lifecycle, including model development, implementation, validation, monitoring, and ongoing performance assessment.
- Evaluate compliance with regulatory requirements and industry guidance, including SR 11-7, CCAR, stress testing, and related regulatory expectations.
- Review governance frameworks supporting model inventory management, model change management, model documentation, and model risk reporting.
- Partner with stakeholders across Model Risk Management, Quantitative Analytics, Enterprise Risk, Finance, and Technology to identify emerging risks and control enhancements.
- Develop risk assessments and audit plans covering a broad range of quantitative models, including credit risk, market risk, capital planning, stress testing, liquidity risk, and AI models.
- Present audit findings, recommendations, and risk assessments to senior management and audit leadership.
- Monitor remediation efforts and validate the effectiveness of corrective actions related to model risk and governance issues.
- Mentor and develop junior audit team members while contributing to overall audit methodology and strategy.
- Support regulatory examinations and engage with regulators, senior business leaders, and control partners as needed.
- Stay abreast of evolving regulatory guidance, industry trends, and emerging model risk developments impacting the financial services sector.
Qualifications
- 8+ years of experience in Internal Audit, Model Risk Management, Model Validation, Quantitative Risk, or a related function within banking or financial services.
- Strong knowledge of model governance frameworks and model risk management principles.
- Experience auditing, validating, or overseeing quantitative models used for CCAR, stress testing, capital planning, credit risk, market risk, liquidity risk, or financial forecasting.
- Familiarity with regulatory guidance including SR 11-7, OCC guidance, and Federal Reserve expectations related to model risk.
- Proven ability to communicate complex quantitative concepts to both technical and non-technical stakeholders.
- Experience managing projects, leading audit engagements, and interacting with senior leadership.
- Strong analytical, critical thinking, and problem-solving skills.
- Bachelor's degree in a quantitative field such as Finance, Mathematics, Statistics, Economics, Engineering, Data Science, or a related discipline.
- Advanced degree (MS, PhD) and/or relevant certifications (FRM, CFA, CIA, CPA) preferred.
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