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
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