Risk Management Director

3 days ago


San Francisco, California, United States Tbwa ChiatDay Inc Full time
Job Summary

We are seeking a seasoned Risk Management Director to join our team in San Francisco. As a critical member of our organization, you will play a key role in owning all policies, procedures, and reporting related to our model risk management program.

About the Role

This position involves managing the risk associated with the use of models, ensuring that models are reliable, compliant, and effective. Key responsibilities include:

  • Overseeing requests and communications for regulatory exams and internal audits
  • Developing and providing appropriate reporting to senior management related to the performance of the model risk management program
  • Conducting independent model validation and challenging models by partnering with model owners and developers
  • Writing validation reports documenting the independent validation process
  • Reviewing ongoing model performance monitoring reports to ensure satisfactory performance and suggesting corrective actions where required
Requirements

To succeed in this role, you should have:

  • A graduate degree in a quantitative discipline such as mathematics, statistics, economics, or any related field
  • At least 10 years of experience in model development, model validation, and/or quantitative analysis
  • 5+ years of managerial experience
  • Familiarity with different types of models used in the lending industry, including underwriting, loss forecasting, BSA/AML etc.
  • In-depth knowledge of statistical and machine learning modeling techniques and quantitative methods
  • Excellent technical writing and verbal communication skills
  • Experience in model risk management and related regulatory guidance such as SR 11-7
What We Offer

This position comes with a competitive salary of $185,000-$210,000 annually, plus equity and benefits. Our company offers a collaborative and inclusive culture, opportunities for professional growth and development, flexible PTO, paid parental leave, health & wellness initiatives, and more.

We value diversity at our company and are an equal opportunity employer. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.



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