Director, Model Risk Management
About the position
The Director of Model Risk Management at SoFi is a leadership role responsible for overseeing a team that conducts independent validation of various models in compliance with regulatory standards. This position is crucial within the analytical community at SoFi, focusing on enhancing validation practices and processes while ensuring effective communication with stakeholders.
Responsibilities
Ā Supervise a team of 4+ model validation experts in validating models to OCC 2011-12/SR 11-7 standards.
,
Ā Conduct model validation work directly as needed.
,
Ā Collaborate with the Sr. Director of Model Risk Management to evolve validation practices and processes.
,
Ā Present and defend model validation project results to model owners, users, management, auditors, and regulators.
,
Ā Foster relationships with model owners and users while maintaining independence from model development work.
,
Ā Stay updated on industry trends and best practices in modeling and model risk management.
Requirements
Ā 10+ years of progressive experience in model development or model risk management within midsize or large U.S. financial institutions.
,
Ā At least 3 years of experience conducting or supervising model validation projects.
,
Ā Bachelor's degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required.
,
Ā Master's or Ph.D. degree preferred.
,
Ā Deep knowledge of traditional statistical modeling methods and moderate knowledge of AI/machine learning approaches.
,
Ā High attention to detail and ability to explain complex risks to non-technical audiences.
,
Ā Strong written communication skills and ability to review reports for technical content and readability.
,
Ā Experience in building and leading high-performing teams.
,
Ā Strong programming skills in Python or R.
Nice-to-haves
Benefits
Ā Comprehensive and competitive benefits package.
Apply Now
The Director of Model Risk Management at SoFi is a leadership role responsible for overseeing a team that conducts independent validation of various models in compliance with regulatory standards. This position is crucial within the analytical community at SoFi, focusing on enhancing validation practices and processes while ensuring effective communication with stakeholders.
Responsibilities
Ā Supervise a team of 4+ model validation experts in validating models to OCC 2011-12/SR 11-7 standards.
,
Ā Conduct model validation work directly as needed.
,
Ā Collaborate with the Sr. Director of Model Risk Management to evolve validation practices and processes.
,
Ā Present and defend model validation project results to model owners, users, management, auditors, and regulators.
,
Ā Foster relationships with model owners and users while maintaining independence from model development work.
,
Ā Stay updated on industry trends and best practices in modeling and model risk management.
Requirements
Ā 10+ years of progressive experience in model development or model risk management within midsize or large U.S. financial institutions.
,
Ā At least 3 years of experience conducting or supervising model validation projects.
,
Ā Bachelor's degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required.
,
Ā Master's or Ph.D. degree preferred.
,
Ā Deep knowledge of traditional statistical modeling methods and moderate knowledge of AI/machine learning approaches.
,
Ā High attention to detail and ability to explain complex risks to non-technical audiences.
,
Ā Strong written communication skills and ability to review reports for technical content and readability.
,
Ā Experience in building and leading high-performing teams.
,
Ā Strong programming skills in Python or R.
Nice-to-haves
Benefits
Ā Comprehensive and competitive benefits package.
Apply Now