Project Risk Manager

USC or GC ONLY# No third party vendors# This is a IT Project Risk Management roleJob Title : IT PM Specialist (Risk Management and Governance)Locations:. Onsite (Hybrid) in McLean, VA on Tuesday, Wednesday and ThursdayNotes:The IT PM will be working on governance-related activities on models, remediating issues, stake holder management i.e., working with different stakeholders like model owners, business owners, technical teams, upper management, second line of business etc.The IT PM will have to work with the stakeholders when new models are created or when there is a change to an existing model.The IT PM must also have an understanding of SOX controls.Must Have Qualifications: Prefer 8+ years of experience in model governance, work independently, ability to work with all levels of leadership, Project Management experience and understanding SOX applicationsJob Description:Implement and comply with the Corporate Model Risk Policy and associated Standard(s).Collaborate with the Director to develop and implement a divisional model governance process and procedure that meets corporate requirements and creates a risk-aware culture.Significantly contribute to efforts to mature model governance capabilities and identify opportunities to innovate, streamline and reduce inefficiencies.Proactively manage governance activities for Client owned models, track various activities to ensure their timely execution.Proactively work with Model Business Owners, Model Development Owners, and other relevant stakeholders in the division on model risk-related challenges.Manage model change pipeline and ensure timely UAT and implementation.Collaborate with relevant stakeholders and divisional governance teams to conduct gap assessments of applicable corporate policies/standards and applicable legal/regulatory obligations.Work with model stakeholders and provide model related insights to the Clients Risk & Control team during quarterly Risk & Control Self Assessments.Periodically execute model governance related controls and assist in providing model related artifacts during control and SOX testing.Proactively assist model stakeholders in timely remediating issues and 2nd line findings.Work with stakeholders and Director to design regular model related reports and routines (e.g., ongoing model performance monitoring, model metrics and periodic reviews), reports for Divisional Model Meetings and Risk Committees