Model Risk Management Lead

In this role you will:

• Oversee Lead’s overall Model Risk Management program
• Maintain Lead’s Model Inventory
• Perform due diligence on fintech partner model risk management process as part of partner onboarding
• Perform ongoing oversight of partner model usage throughout the partner lifecycle
• Frequently guide or participate in discussions with Lead’s external fintech partners to ensure understanding of and adherence to Lead’s own MRM requirements as well as regulatory expectations & industry best practices
• Review documentation, validate models and recommend enhancements covering a range of models from scorecards, regressions to machine learning algorithms
• Engage with stakeholders: Work closely with partner program managers, risk, finance, legal/compliance, customers/partners, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
• Ensure that, per Lead Bank model risk policy, models are: appropriately registered and risk-rated by EMRM (Enterprise Model Risk Management); validated before use; following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.
• As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.
• Own, design and execute on actionable MRM-related reporting to management and Board committees

Qualifications:

• Hold a Bachelor’s Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
• Have 7 or more years of working experience in quantitative / statistical model development, model validation and/or model risk management
• Familiarity with traditional statistical models (e.g. linear / logistic regressions) as well as more advanced machine learning models (e.g. gradient boosting models)
• Possess a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
• Strong verbal and written communication skills.
• Have a collaborative mind-set with strong interpersonal skills.
• Knowledge of regulatory requirements for financial institutions
• Familiar with enterprise risk management framework
• Excel at explaining highly technical, complex concepts so that internal and external partners with diverse backgrounds can understand

What we offer:

• At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life


• Competitive compensation, including opportunities for equity grants and cash bonus, based on experience, geographic location, and role
• Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
• Paid parental leave
• Flexible vacation policy, including PTO and paid holidays
• A fun and challenging team environment in a dynamic industry with ample opportunities for career growth