Senior Model Risk Specialist - Anti Laundering and Fraud Model Validation

Success in this role depends on a strong foundation in AML and model validation—particularly within AML and fraud models—paired with solid hands‑on skills in SAS, Python, and SQL.

• Support senior managers in the development and execution of overall work plan
• Manage assigned validation/review projects and ensure a timely delivery of the validation report with high quality.
• Support senior managers in the on-going monitoring of AML and Fraud models to identify early warning of model performance deterioration and ensure proper mitigation/action plan in place in such situations;
• Perform research and analysis of applicable methodologies; benchmark model owners’ approaches; and present and recommend appropriate alternative for model developers;
• Produce validation reports, with clarify of issues and actionable items, including recommendations, to help the lines of business enhance the validated model
• Ensure model inventory is accurate and up-to-date, reflecting the model attributes as evidenced in relevant documentations.
• Provide regular updates on the assigned vetting/review, including a regular review of models/methodologies implemented and ensure that high model risk issues are raised and addressed at appropriate management level
• Keep abreast with advances in credit risk analytics developments and applications by vendors, consultants, regulatory agencies and competitors. Recommend/develop enhancements appropriate for the Bank

• Partner with the lines of business, corporate functions, and ERPM to enhance understanding of model risks relating to Corporate Risk models and ensure transparency of models used in their respective areas
• Build and manage relationships with the line of business/risk managers/executives in the joint implementation of strategic changes in the business by assisting model development via parallel-to-development model risk consulting. Act as internal consultant to proactively help the lines of business manage its’ model risk
• Provide support to large-scale projects as required and subject matter advisory support to other work streams as appropriate
• Develop relationships with other financial institutions; provide ongoing peer benchmarking support

• Support the Senior Manager to continuously provide training to (internal or external) junior resources on model risk and/or validation related matters.

• Communicate model risk issues to the lines of business to ensure identified model risks are well understood and appropriate model risk mitigation actions implemented, escalating where necessary to the Senior Manager.
• Assist the Senior Manager to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework,
• Assist the Senior Manager to ensure all models covered by the team are vetted and approved or issued an exception based on quality assurance to protect the bank from unjustified, undue, and unidentified risks due to the use of the models
• Assist the Senior Manager and work with Model Governance to ensure all AML models conditions are monitored and communicated with model owners on a timely basis to ensure the conditions are fulfilled in time.

• Assist the Senior Manager to ensure regular review process is followed, model conditions are monitored and fulfillment of conditions are assess on a timely basis
• Support the Senior Manager for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements

Assist the Senior Manager and Director of the AML & Fraud Model Validation (MV) team with enterprise-wide management of model risk so that the bank is not subject to unjustified (in a risk vs. return framework), undue, and unidentified risks due to the use of models and promoting the transparency and understanding of models and model risks used across the Bank in AML & Fraud areas.

The mandate of this position is summarized as follows:

• Effectively identify risks associated with…