Director, Model Risk Management

SoFi
Cottonwood Heights, UT
Full-time

The role

SoFi’s Director Model Risk Management is a leadership position within SoFi’s second line of defense Model Risk Management organization.

This role will report to the Senior Director over Model Risk Management and will lead a team conducting independent validation work on a wide variety of models.

This is a highly visible role within SoFi’s analytical community.

What you’ll do :

Supervise a team of 4+ model validation experts in the work of validating models to OCC 2011-12 / SR 11-7 standards.

Conduct some model validation work directly.

Work with the Sr. Director of Model Risk Management to continually evolve validation practices and processes.

Present and defend results of model validation projects to model owners, model users, business unit management, auditors, and regulators.

Foster collegial relationships with model owners and users, while maintaining necessary independence from model development work.

Stay current with industry trends and best practices in modeling and model risk management and apply them to team’s work.

What you’ll need :

10+ years of progressive experience in model development or model risk management within midsize or large U.S. financial institutions’, including at least 3 years experience conducting or supervising model validation projects.

Bachelor’s degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required.

Master’s or Ph.D. degree preferred.

Deep knowledge of traditional statistical modeling methods (OLS, logistic regression, survival modeling, etc.) and at least moderate knowledge of artificial intelligence / machine learning approaches (gradient boosting models, neural networks, etc.)

High attention to detail.

Ability to explain risks associated with complex technical matters to a non-technical audience.

Very strong written communication ability. Must be able to review the written reports of other validators for both technical content and readability

Experience in building and leading high-performing teams, including attracting and retaining top talent.

Ability and confidence to exercise influence over a wide range of individuals at all levels of technical and business leadership.

Strong programming skills in Python or R

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

Pay range : $192,000.00 - $330,000.00

Payment frequency : Annual

This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above.

27 days ago
Related jobs
Promoted
BankTalent HQ
Salt Lake City, Utah

Risk Analyst Intern, Model Risk Management. Paid Summer Internship - Model Risk Management. Models could relate to credit risk, accounting valuations, interest rate risk, and other areas- the intern will be asked for input. Zions Bancorporation has an excellent opportunity available for a Risk Analy...

SoFi
Cottonwood Heights, Utah

SoFi’s Director -- Model Risk Management is a leadership position within SoFi’s second line of defense Model Risk Management organization. This role will report to the Senior Director over Model Risk Management and will lead a team conducting independent validation work on a wide variety of models. ...

American Express
Salt Lake City, Utah

GRC creates and maintains the overall risk management framework, performs independent risk management assessments, and monitors applicable risks. The Operational Risk Management (ORM) team facilitates and monitors the implementation of effective operational risk management programs throughout the or...

Brex
Salt Lake City, Utah

The Internal Audit Director will be responsible for establishing and leading Brex’s internal audit function, providing independent and objective assurance on the effectiveness of the organization's risk management, control, and governance processes. The Internal Audit team at Brex is an independent,...

Promoted
Army National Guard
Bluffdale, Utah

For healthcare personnel to detect, diagnose, and treat patients properly, they need functioning equipment.As a Medical Equipment Repairer in the Army National Guard, you will do your part to make sure the Soldiers get the very best health care possible by servicing and maintaining all medical equip...

Promoted
Pluralsight, LLC
Draper, Utah

Business Development Representatives ("BDRs") at Pluralsight are part of the sales organization.BDRs fuel the growth of Pluralsight by generating new pipeline for the business.Our BDRs are actively mentored and developed to advance their career and skillsets into sales or other business units within...

Promoted
Rio Tinto
Salt Lake City, Utah

Operator (Mechanical/Maintenance).Join a world leader in mining & processing offering outstanding personal development & career opportunities.Outside industry experience? Add diversity to our team!.Be part of a group that is safety driven and values inclusion - Salt Lake City, Utah.Finding better wa...

Promoted
BankTalent HQ
West Valley City, Utah

Zions Bank recognizes that its success comes from the dedication, experience and talents of its diverse employee base.As we build upon our 150-year legacy and usher in the next generation of banking, we're committed to being the premier employer of choice.We're proud to have ranked among American Ba...

Promoted
CLEAR
Salt Lake City, Utah

Check out a day in the life at CLEAR in the video above.The CLEAR Service and Sales Representative (Ambassador) makes magic happen every day by creating frictionless experiences for our members.Security, Service and Sales as an Ambassador for CLEAR: .Consistently adhere to security procedures by va...

Promoted
BankTalent HQ
Midvale, Utah
Remote

Procuity*, a rapidly growing healthcare technology company, is seeking a self-motivated.The position can be based in Salt Lake City or remote.This position will assist with management of the contract lifecycle for our clients, including template setup, contract generation, facilitation of execution,...