Senior Director, Model Risk

About the role

Join Sallie Mae, a leader in student finance, as a Senior Director, Model Risk. We're committed to empowering students through innovative solutions and fostering a diverse, inclusive workplace.

Responsibilities

• Develop and implement a robust model risk assessment framework.
• Conduct comprehensive model risk assessments, including validation, calibration, and benchmarking.
• Collaborate with key stakeholders to communicate model risk management activities and findings.
• 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 the independence and integrity of the validation function.
• Review and evaluate model validation reports, ensuring they are comprehensive and accurately 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.

Preferred

• Ability to perform analytics in either or multiple languages (Python, SAS, SQL) and expertise in BI tools (Tableau, Power BI, Microsoft Office Suite).
• Advanced degree (Ph.D., M.S., or equivalent) in a quantitative field such as mathematics, statistics, economics, or related disciplines.
• 10+ years of experience in model risk management or related fields within the financial industry.

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

Flexible hybrid schedule with options for remote work.