Director, Model Risk Management

at  Manulife

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• Provide leadership and mentoring to junior staff.
• Collaborate with leadership to develop an effective model risk governance framework and infrastructure.
• Act as project manager of a validation team to oversee all deliverables from the team.
• Prioritize business needs with resources and negotiate timelines with stakeholders when needed. Exercise judgment to modify plans and develop recommendations to the stakeholders.
• Ensure business units comply with Model Risk Policy, maintain model inventory, and submit models for review before production.
• Assess potential model risks by reviewing specifications and intended usage to ensure sound mathematical theory and fit-for-purpose.
• Develop benchmark models for validation, including implementation checks and model use assessments.
• Communicate validation findings through reports, memos, and presentations, identifying limitations, risks, and controls.
• Ensure proper model documentation and risk mitigation processes are in place to assess and mitigate model risk.
• Participate in ad-hoc projects, provide quantitative support to senior management and other business units when needed.