Job Information
Ameriprise Financial Senior Director of Model Risk Governance in Minneapolis, Minnesota
Ameriprise Financial has an exciting opportunity for a Senior Director of Model Risk Governance to join the team! This role is responsible for leading the model governance, operations, and program management functions within model risk management. This includes updating and maintaining the Model Risk Management framework, policy, and procedures consistent with business and regulatory requirements, managing the technology and operations support across the broader model risk management function, and managing and overseeing all remediation and program management. This role reports directly to the Head of Model Risk Management and assists the Model Risk Committee in meeting model risk governance and oversight requirements.
Responsibilities:
Lead and coordinate collaboration with senior management and colleagues in business and staff functions across the enterprise in the development, review and revision of model risk policies, procedures and standards.
Coordinates program plan and schedule for subject matter expert reviews and oversight of model governance, model identification, model use and model controls in the first line of defense.
Design and coordinate program for monitoring of model risk policy requirements and related metrics, escalate breeches, and manage exceptions.
Design and deliver training to partners on policies, procedures, standards and systems.
Own, maintain and enhance the model inventory and findings repository tool for any sized project.
Provide operational support, data gathering, and report preparations to MRM validation team.
Evaluate, implement, and maintain technology solutions to support MRM governance and validation needs for the enterprise.
Provide leadership, mentoring and development to direct reports; deliver timely feedback/coaching and formal performance review discussions; assess employee professional growth/career opportunities and collaborate on development plans.
Provide guidance to indirect reports and other members of the team.
Required Qualifications:
Minimum of 10 years of experience in model risk management or similar regulatory or compliance program in banking or insurance.
Previous people leadership experience.
Proven ability to apply both strategic and analytic techniques to provide business solutions and recommendations.
Ability to work effectively in a collaborative team environment.
Proven success in communicating complex information to senior management in a compelling fashion.
Effective at executing deliverables in a timely manner using MS Office tools.
Strong Project Management and Program Management skills and experience.
Strong collaboration & influencing skills.
Preferred Qualifications:
Master's Degree
Familiar with SR 11-7/OCC 2011-12.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration. Our team of 20,000 people in more than 20 countries advise, manage and protect the assets and income of more than 2 million individual, small business and institutional clients. We are a long-standing leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial Services, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
FIN Finance
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.