Lead
Unbundled programmable banking.
Senior Model Risk Management Analyst
Location
California + 2 moreAll locations: California, New York, Missouri
Posted
9 days ago
Salary
$152K - $175K / year
Bachelor Degree5 yrs expEnglish
Job Description
• Track ongoing oversight of model usage of Lead Bank’s partners throughout the model life cycle
• Track KRIs related to model performance and efficacy
• Review model validation, development, and ongoing monitoring documentation for a range of models from scorecards, regressions, and other machine learning algorithms across the various products offered by Lead’s partners.
• Assist in the maintenance of Lead’s Model Inventory
• Assist with due diligence on fintech partner model risk management process as part of partner onboarding
• 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.
• Design and produce model risk metrics and reporting for internal Board Committees and other stakeholders
• Perform other duties as assigned
Job Requirements
- Hold a Bachelor’s Degree or higher in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
- Have 5 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.
- Excel at explaining highly technical, complex concepts so that internal and external partners with diverse backgrounds can understand
- Highly adaptive, flexible and able to execute to rapidly changing conditions and priorities
Benefits
- Competitive compensation 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