Senior Director, Model Risk
About the role
Join Sallie Mae, a company dedicated to empowering students through education. We're seeking a Senior Director, Model Risk to lead our model risk management team, focusing on assessing, monitoring, and mitigating risks associated with models used across various departments.
Responsibilities
Develop and implement a robust model risk assessment framework.
Conduct comprehensive model risk assessments, including validation, calibration, and benchmarking.
Communicate model risk management activities and findings effectively to senior management, model owners, and regulators.
Establish and enforce effective model governance policies, procedures, and standards.
Collaborate with cross-functional teams to develop and maintain model risk management policies and guidelines.
Ensure compliance with regulatory requirements and industry standards related to model risk management.
Oversee the model validation process and ensure its independence and integrity.
Review and evaluate model validation reports to ensure they comprehensively reflect model risks.
Requirements
Strong knowledge of quantitative modeling techniques, statistical analysis, and risk management principles.
In-depth understanding of regulatory requirements, industry guidelines, and best practices related to model risk management.
Excellent leadership and people management skills, with a track record of effectively managing teams and driving results.
Exceptional communication and presentation skills, with the ability to clearly articulate complex concepts to both technical and non-technical stakeholders.
Strong analytical and problem-solving abilities, with a keen attention to detail.
Qualifications
Minimum: Indicate minimum education, skills and experience required.
Preferred: Indicate “nice to haves” regarding education, skills, and experience.
The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
Benefits
Our benefits package includes competitive base salaries, bonus incentives, generous paid time off, and a wide range of comprehensive health and wellness offerings. We also offer tuition reimbursement and family scholarship programs, flexible hybrid working arrangements, and more.
Pay
Competitive base salary with performance-based bonuses.
Schedule
Hybrid work schedule with flexibility to balance work and personal life.