Director of Model Risk

Join a leading fintech company that's democratizing finance for all.

Robinhood was founded on a simple idea : that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood is lowering barriers and providing greater access to financial information.

Together, we are building products and services that help create a financial system everyone can participate in.

As we continue to build...

We're seeking curious, growth minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future.

If you're invigorated by our mission, values, and drive to change the world - we'd love to have you apply.

About the team + role

Enterprise Risk at Robinhood is assisting the company's Audit Committee and Risk Committee of the Company Board with protecting assets, reputation, and sustainability of the organization.

Enterprise Risk provides independent, objective, reliable, valued and timely assurance regarding the effectiveness of governance, risk management, and internal controls that mitigate current and emerging risks and help strengthen the internal controls ecosystem.

As Model Risk Director you will be responsible for identifying and monitoring risks associated with models being used at Robinhood including a model validation practice.

What you'll do

• Execute and operationalize the Enterprise wide Model Risk Governance framework, in collaboration with first line Model risk teams (where applicable), incorporating shared responsibilities at the business and developer levels, and at the Enterprise level;
• Develop and implement model validation plans and methodologies, defining the scope and methodology for model validations while ensuring compliance with industry best practices and regulatory requirements;
• Work closely with model owners across Robinhood to identify and manage risks introduced by the use of models;
• Collaborate with model developers to identify potential model weaknesses or deficiencies and propose improvements or remediation actions;
• Develop in-depth expertise of Robinhood data, machine learning, and model serving systems in order to effectively assess risks and controls related to model development or use;
• Prepare comprehensive model validation reports detailing findings, recommendations, and conclusions for senior management, regulatory bodies, and auditors.
• Stay up-to-date with the latest developments in risk modeling techniques, industry standards, and regulatory guidelines, proactively identifying opportunities to optimize and enhance our model validation processes

What you bring

• Expertise in model validation and model risk management
• A minimum of 12 years of experience in the financial services industry, working in model risk management, model development or validation
• Familiarity with models in financial markets and related risks such as counterparty, fraud, market, and liquidity risk
• Ability to manage validation of risk models using current ML / AI applications
• Ability to build strong relationships and influence stakeholders in both technical and non-technical space; ability to explain complex concepts for various audiences, and have superior written and oral communication skills
• Familiarity with industry regulations and regulatory frameworks related to model risk management, such as SR 11-7
• Ability to work and thrive in a fast-paced environment

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands.

The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones.

This role is also eligible to participate in a Robinhood bonus plan and Robinhood's equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$242,000-$285,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$213,000-$251,000 USD

Zone 3 (Lake Mary, FL)

$189,000-$222,000 USD

Click here to learn more about Robinhood's Benefits.

We're looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all.

If you're ready to give 100% in helping us achieve our mission-we'd love to have you apply even if you feel unsure about whether you meet every single requirement in this posting.

At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood embraces a diversity of backgrounds and experiences and provides equal opportunity for all applicants and employees.

We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone.

Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights.

To review Robinhood's Privacy Policy please review the specific policy applicable to the country where you are applying.