Director, Model Risk Oversight - All Finra Locations

The Director responsible for performing in depth reviews of models (e.g., financial and non-financial model oversight (NFMO)) within the Model Risk Oversight (MRO) function supports Member Supervision in identifying risks posed by member firms’ use of models, such as those in the financial, operational and business conduct areas.

The Director effectively provides subject matter expertise related to the technical aspects of modeling and model risk management and governance to relevant internal and external stakeholders, to enhance FINRA’s ability to identify and mitigate risks to investors and the financial markets through the oversight of member firms’ model risk management and governance programs.

Essential Job Functions:


* Works collaboratively with the Model Risk Oversight (MRO) leadership team in the development and implementation of the MRO Unit’s strategic vision and objectives and establishes analytics to measure performance.


* Gathers, analyzes and disseminates intelligence to help monitor the industry’s adoption of new models and associated threats and risks, provides guidance and share best practices with external parties, including member firms and regulatory authorities, on high-level regulatory issues and observations.


* Oversees and assesses the level of non-financial model risk present at member firms and across the industry, as well as directly supporting Member Supervision’s Risk Monitoring, Investigations and Examinations teams.

May serve as a key point of accountability for the Unit.


* Enhances FINRA’s existing model risk management oversight scope, guidance, relevant risk reviews, and associated policies and procedures.


* Supports the ability of FINRA’s regulatory programs to understand and mitigate growing model risk exposures across the industry.


* Initiates and/or recommends initiatives related to Unit’s specialization that may include sweeps, thematic reviews, programs to facilitate staff inquiries, and staff educational/informational outreach.


* Serves as a subject matter expert in the area of NFMO and MRO and provides guidance to FINRA staff and management on high-level issues.


* Works to ensure Unit’s operations effectively support Member Supervision and other RegOps and FINRA departments as necessary.

Contribute to establishment of Unit’s internal policies and procedures.


* Fosters a functional team-oriented culture that supports Unit’s mission.


* Reviews and approves related reports and letters (i.e.

strategy, exit, exam, disposition, etc.).


* Represents FINRA at relevant industry events.

Education/Experience Requirements:


* Bachelor's degree in Financial Modeling, Computer Science, Data Analytics, Risk Management, Accounting, Finance, Economics, Business Administration, or related discipline required.


* Master’s or doctorate degree in computational or mathematical finance, computer science, statistics, physics or related f...