Model Risk Oversight Specialist, Vice President - Aladdin Financial Engineering

About This Role

Vice President – Model Governance

Role Overview

• The Vice President, Model Governance is responsible for overseeing the firm’s model governance framework, ensuring models are governed consistently and effectively across their lifecycle. This role provides senior leadership on model governance policy, processes, controls, and reporting, and partners closely with model development, validation, risk, compliance, technology, and audit teams to ensure strong governance outcomes.
• The position focuses on policy and procedure, governance program execution, inventory and reporting oversight, performance and incident governance, and audit‑ready control design, rather than hands‑on model development.

Key Responsibilities

• Policy & Procedure Development
  • Draft, maintain, and enhance model governance policies, standards, and procedures aligned with regulatory expectations and industry best practices.
  • Translate governance requirements into clear, executable processes across the model lifecycle.
• Governance Program Management
  • Lead cross‑functional governance initiatives, including remediation programs, regulatory commitments, and framework enhancements.
  • Own governance roadmaps, milestones, and delivery tracking, with clear escalation of risks and issues.
• Model Inventory Management
  • Provide senior oversight of the model inventory, ensuring completeness, accuracy, and appropriate lifecycle classification.
  • Establish and maintain governance controls to support inventory integrity across systems.
• Governance Reporting & Dashboards
  • Define and oversee governance dashboards and management reporting, including inventory health, validation status, performance monitoring coverage, incidents, and exceptions.
  • Ensure reporting supports senior management and committee decision‑making.
• Model Performance & Ongoing Monitoring Governance
  • Oversee governance requirements for model performance monitoring, ensuring consistent implementation, escalation, and documentation.
  • Challenge adequacy of monitoring frameworks and alignment with governance standards.
• Model Incident & Error Governance
  • Own the governance framework for model incidents and errors, including classification, escalation, root‑cause analysis, and remediation tracking.
  • Ensure lessons learned drive sustainable control and process improvements.
• Control Design Across the Model Lifecycle
  • Design and oversee effective governance controls embedded across model development, implementation, monitoring, and change management.
  • Ensure controls are defensible, auditable, and aligned with policy intent.
• Audit, Regulatory, and Committee Engagement
  • Act as a senior point of contact for internal audit and regulatory examinations related to model governance.
  • Support governance committees with independent challenge and clear risk perspectives.
    

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Risk Management, or a related field; advanced degree preferred.
• Typically 8–12+ years of experience in model governance, model risk management, or a related risk/control function within financial services.
• Strong experience drafting policies and procedures, managing governance programs, and designing control frameworks.
• Excellent communication skills, with the ability to engage and influence senior stakeholders.

Preferred Experience

• Experience supporting regulatory exams and internal audits related to model risk or governance.
• Exposure to enterprise model inventories, governance tooling, and dashboarding solutions.
• Experience operating in large, complex, or global organizations.

For New York, NY Only the salary range for this position is USD$170,000.00 - USD$225,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our Benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy .

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.