Manager, Model Risk

What You'll Contribute

The Manager, Model Risk will be responsible for ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.

What You'll Do

• May manage a Model Risk team and provide guidance, support, and mentorship to team members.
• Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
• Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
• Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
• Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
• Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
• Prepare and present reports on model risk to senior management and regulatory bodies.

Minimum

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and the ability to interpret and implement them.
• Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
• Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
• Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
• Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred

• Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
• 5 years of experience in model risk management, financial modeling, or a related field within the financial services industry.

Benefits

• Competitive base salaries
• Bonus incentives
• Generous PTO, Floating Holidays and 12 Federal Holidays observed
• Support for financial-well-being and retirement 401k with employer match
• Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
• Employer paid short-term/long-term disability and basic life insurance
• Paid parental leave and adoption reimbursement programs
• Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
• Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
• Tuition Reimbursement and Family Scholarship Programs
• Career development and training opportunities