Vp -Tds, Global Head, Model Control
Toronto, Canada Area
• Responsible for collaboration with all the business units including front office, model development, pricing, market risk, P&L reporting, internal audit and other functional groups to ensure the model risk governance was monitored and maintained properly• Rebuilt the whole model control team with new strategies and responsibilities and developed the team into analytic and quantitative experts to support special projects as required by Trading Risk Management, Global Middle Office, Trading Operations, derivatives business units and elsewhere across the bank and supported the New Product Approval Process as required by senior management • Led the team to manage the model risk control framework, implemented and improved management process for both valuation and risk models in use across the bank. This included their current usage, change management of models, regression testing, usage testing, model limitation monitoring, enhanced model version control in a rebuilt model inventory system• Created, reviewed and maintained a database of products and their associated valuation and risk models, coordinated the annual attestation of the valuation models to ensure they met the appropriate corporate governance requirements• Ensured all key model risk policies, procedures, processes and controls are properly documented and existed for all the underlying the independent price verification (IPV) production and analytic models. Advised the senior executive team on how to enhance model risk management process and reduced the bank’s exposure to the model risks • Identified and implemented the projects identified as essential to the accuracy, effectiveness or efficiency of the model risk control monitoring processes and the appropriate model risk mitigation
