Markets Price & Model Risk & Control SVP Jobs

Explore high-level career opportunities in Markets Price & Model Risk & Control SVP jobs. This senior leadership position sits at the critical intersection of financial markets, quantitative modeling, and operational risk management. Professionals in this role are primarily responsible for establishing and overseeing a robust control framework that governs the use of pricing and risk models across an institution's markets activities. They act as a senior guardian, ensuring that model risk—the potential for adverse consequences from decisions based on incorrect or misused model outputs—is properly identified, assessed, and mitigated to protect the firm's financial integrity and ensure regulatory compliance. A Markets Price & Model Risk & Control SVP typically shoulders a wide array of responsibilities. Central to the role is the ownership of the control environment for both approved and unapproved models, which includes managing false positives, ensuring data quality, and facilitating the remediation of control breaks. These professionals are the key point of contact for model risk control assessments, diligently monitoring the effectiveness of existing controls and leading transformation initiatives to enhance them. They manage the firm's Risk Appetite Statement as it relates to model risk and are tasked with preparing comprehensive management information (MI) for senior governance forums and regulatory requests. A significant part of the job involves driving standardization and technology enhancements to create a more transparent and efficient control infrastructure. This requires adeptly managing deliverables across multiple business lines, regions, and stakeholder groups, including close collaboration with Second Line of Defence risk teams and Internal Audit to coordinate model remediation activities. The typical candidate for these senior jobs possesses a deep and nuanced understanding of model risk management practices, controls, and the inherent risks within capital markets businesses. A strong background in the First Line of Defence, Risk Management, or a related function within the financial industry is essential, often requiring 10 or more years of progressive experience. Beyond technical knowledge, exceptional communication and influencing skills are paramount, as the role involves explaining complex model-related concepts to non-specialist stakeholders and driving organizational change. Success in this position demands a self-starting, strategic leader with proven project management and change capabilities. The ability to multitask, prioritize in a fast-paced environment, and analyze processes to recommend improvements in quality and efficiency is critical. Familiarity with emerging areas, such as the risks associated with artificial intelligence and machine learning models, is increasingly becoming a valuable asset for professionals seeking these top-tier jobs. If you are a strategic risk professional looking to shape the control landscape of a major financial institution, exploring Markets Price & Model Risk & Control SVP jobs could be your next career move.