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Audit Director - Model Risk

Madison-Davis

Charlotte, NC

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JOB DETAILS
SKILLS
Artificial Intelligence (AI), Auditing, Banking Services, CISA - Certified Information Systems Auditor, Capital Markets, Chartered Financial Analyst (CFA), Communication Skills, Comprehensive Capital Analysis and Review (CCAR), Consulting, Data Science, Design Evaluation, Document Management, Economics, Finance, Financial Services, Global Financial Markets, Identify Issues, Internal Audit, Leadership, Management Strategy, Mathematics, Mentoring, Model Review, Model Validation, Presentation/Verbal Skills, Process Improvement, Regulations, Regulatory Compliance, Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, Statistics, Stress Modeling, Stress Testing, Team Building, Technical Presentation, Testing, Writing Skills
LOCATION
Charlotte, NC
POSTED
4 days ago

ABOUT THE ROLE

A global financial institution is seeking an experienced Audit Director to lead model risk audit coverage across the organization. This role focuses on evaluating model risk management frameworks, AI governance, CCAR model controls, and regulatory compliance while partnering closely with business stakeholders, risk management teams, and senior leadership.

The ideal candidate will bring deep expertise in model risk governance, regulatory expectations, and audit execution within complex banking or financial services environments.

RESPONSIBILITIES
  • Lead audits covering model risk management, model governance, AI risk frameworks, and quantitative risk processes
  • Evaluate the design and effectiveness of controls supporting model development, validation, implementation, monitoring, and governance
  • Direct audits from planning through reporting, including risk assessments, testing, issue identification, workpaper review, and report preparation
  • Assess compliance with regulatory guidance related to model risk management and governance frameworks
  • Review CCAR model governance, controls, documentation, and reporting processes
  • Support continuous monitoring activities and risk assessments across model risk and quantitative risk functions
  • Identify control weaknesses, governance gaps, and opportunities for process improvement
  • Communicate audit findings and recommendations to senior management, regulators, and business stakeholders
  • Assist with regulatory presentations, audit reporting, and strategic audit initiatives
  • Contribute to the development and expansion of model risk audit coverage and methodologies
  • Mentor junior audit staff and support audit team development

QUALIFICATIONS
  • Advanced degree (Master's or Ph.D.) in Finance, Mathematics, Statistics, Data Science, Engineering, Economics, or another quantitative discipline
  • 7+ years of experience in Model Risk Audit, Internal Audit, Model Risk Management, Model Validation, or related quantitative risk functions
  • Minimum 4 years of hands-on audit experience within banking, financial services, or consulting environments
  • Strong knowledge of model risk management frameworks and governance practices
  • Experience auditing or overseeing CCAR models, stress testing frameworks, and model governance controls
  • Deep understanding of SR 11-7, SR 26-2, and related model risk regulatory guidance
  • Experience evaluating AI model governance, controls, and risk management frameworks preferred
  • Strong understanding of internal audit methodologies, risk assessments, controls testing, and workpaper standards
  • Excellent written and verbal communication skills with the ability to present complex technical topics to senior stakeholders
  • Ability to work independently while collaborating across audit, risk, compliance, and business functions
  • Experience within banking, capital markets, or large financial institutions strongly preferred
  • Professional certifications such as FRM, CFA, CIA, CISA, or related credentials are a plus

About the Company

M

Madison-Davis

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