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Director of Model Risk Management

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Legal, Compliance, & Risk
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TIAA Bank
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As a part of TIAA’s Retail & Institutional Financial Services business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.

Primary Characteristics
The Director of Model Risk Management will design and maintain a Model Risk Program that includes oversight of all aspects of model risk, including model governance, model inventory, model validation and adherence to the Model Risk Policy.

Essential Functions

  • Design the Model Risk Program that includes a framework that meets all criteria of OCC 2011-12 and FRB SR 11-7 guidance.
  • Monitor performance thresholds established by the model owners.
  • Maintain a comprehensive, centralized and standardized model documentation, model inventory, model performance KRIs, etc.
  • Facilitate resolution and/or escalation of issues within the specified timeframes.
  • Manage all validation findings to ensure resolution in a timely manner.
  • Create analytics and reporting for the appropriate levels, including senior and executive management and risk committees.
  • Provide oversight of the execution of the model governance program.
  • Provide oversight of the model validation, including adherence to policies and procedures.
  • Interact with risk committees, internal audit and regulators to provide appropriate reporting.
  • Interface with all line of business executives, business partners, model owners, model developers and model users.


Knowledge, Skills and Abilities Requirements

  • Knowledge of Finance and/or Capital Markets
  • Must be self-motivated and capable of working independently
  • Must possess excellent time management skills
  • Must have excellent communication skills and a professional ability to work with all levels of management

Training and Experience

  • Graduate level degree in a quantitative subject, such as Finance, Economics, Mathematics, Statistics, or Engineering required
  • At least 5 years of experience in model risk management and/or modeling techniques
  • Experience in an OCC regulated bank environment
  • Thorough knowledge of the OCC and FRB model risk requirements
    Management experience required


Equal Employment Opportunity is not just the law, it’s our commitment. Read more about the Equal Employment Opportunity Law.


If you need assistance applying due to being visually or hearing impaired, please email Careers Help.

We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

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Put the client first

We strive to help you better serve the world by helping you pursue your financial goals.

Value our people

Our people make the difference, so we give them the tools to do what they do best.

Act with integrity

We are defined by how we behave. We never compromise our high ethical standards.

Deliver excellence

If it's worth doing, it's worth doing well. We strive to be the best in everything we do.

Take personal accountability

Promises matter. We live our values, deliver results and keep our commitments.

Operate as one team

We help each other succeed and depend on each other to bring value to you.

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