Director, Model Risk Management jobs in United States
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BDO · 2 months ago

Director, Model Risk Management

BDO is a leading professional services firm, and they are seeking a Director of Model Risk Management to lead and deliver complex Model Risk Management engagements. This role involves overseeing MRM assignments, guiding team members, ensuring high-quality client service, and contributing to business development initiatives.

AccountingBusiness DevelopmentFinancial ServicesOutsourcing
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H1B Sponsor Likelynote

Responsibilities

Executes the office’s business development plan in collaboration with the MRM team, building and maintaining relationships with key executives and stakeholders to support growth across business lines and industries
Leads and manage MRM services across a wide range of model families, including: Credit Risk Models: CECL, Basel, CCAR, loss forecasting, and stress testing; Market & Balance Sheet Models: Valuation models and Asset Liability Management (ALM) models; Compliance & Monitoring Models: BSA/AML compliance and fraud detection
Oversees engagements from initiation to completion, including project setup, administrative coordination, team management, client communications, and presentations
Critically reviews model functionality, evaluating methodologies and assumptions, and documenting conclusions
Ensures quality controls, regulatory expectations, and BDO risk management procedures are consistently adhered to in all client deliverables
Actively participates in internal and external client meetings, contributing to project execution, knowledge sharing, and relationship building
Other duties as required
Supervises the day-to-day workload of VCMA – QFAS staff on assigned engagements, reviewing work products for accuracy, completeness, and quality
Ensures staff are trained on relevant models, methodologies, and best practices to strengthen technical capabilities
Evaluates staff performance, provide constructive feedback, and assist in setting professional development goals and objectives
Delivers periodic feedback and complete formal performance evaluations in a timely manner
Serves as Career Advisor and mentor to designated staff, supporting career growth, professional development, and engagement within the practice

Qualification

Model Risk ManagementCredit Risk ModelsValuation ModelsRegulatory ComplianceFinancial EngineeringProgramming LanguagesTeam ManagementAnalytical SkillsCommunication SkillsOrganizational SkillsRelationship Building

Required

Bachelor's degree, required
Fifteen (15) or more years of experience within financial institution, finance regulators, independent advisory firms, banks, or other financial services firm, required
Experience with managing a team of model developers or validators, required
Experience in developing, validating or auditing a variety of models including but not limited to valuation models, CCAR/CCEL/BASEL loss forecasting, stress testing and other credit risk models, BSA/AML compliance models, Fraud, Asset Liability Management (ALM) models, etc., required
A combination of industry experience with hands on knowledge of different vendor models and advisory experience with proven track record of practice development, required
Expertise in understanding the model risk management regulatory landscape, such as SR 11-7, required
Proficient in the use of Microsoft Office Suite, specifically Excel, PowerPoint, and Word, required
Prior experience with Capital IQ or Bloomberg, required
Prior experience with programming languages such Macro/VBA, R, Python, SAS, SQL, and other industry software, required
Superior verbal and written communication skills
Superior analytical and research skills
Solid organizational skills, especially the ability to meet project deadlines with a focus on details
Ability to successfully multi-task while working independently or within a group environment
Ability to work in a deadline-driven environment and handle multiple projects simultaneously
Ability to effectively manage a team of valuation professionals and delegate work assignments as needed
Capacity to build and maintain strong relationships with internal and client personnel
Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel
Executive presence and ability to act as primary contact on assigned engagements
Ability to successfully interact with professionals at all levels
Ability for intermittent travel within the US and internationally

Preferred

Master's degree and PhD, with a focus in Finance, Financial Engineering, Actuarial Science, Risk Management, Mathematics, Computer Science, Statistics, Economics, preferred
Head of model development department or model validation department, preferred
CFA, FRM, QRM, ASA or other valuation industry credentials, preferred

Company

BDO is the leading provider of professional services within the mid-tier of our profession.

H1B Sponsorship

BDO has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (92)
2024 (101)
2023 (119)
2022 (151)
2021 (105)
2020 (199)

Funding

Current Stage
Late Stage

Leadership Team

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Barbara Derus
Managing Partner South Central Region - Transfer Pricing
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Benjamin Russell
Managing Partner, Transfer Pricing - East Region at BDO
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Company data provided by crunchbase