Model Risk Management Specialist
2 weeks ago
We are seeking a highly skilled Model Risk Manager to join our team at Robinhood. As a key member of our risk management team, you will be responsible for championing sound model risk management practices, driving independent model validation, and identifying model risks.
Key Responsibilities- Promote and apply the enterprise-wide Model Risk Management framework and processes
- Develop and implement model validation plans to review and assess the soundness and performance of various models
- Work closely with model owners and model developers to identify and manage risks introduced by the use of models
- Prepare model validation reports detailing findings, recommendations, and conclusions for senior management, regulatory bodies, and auditors
- Assist with regular model risk tracking and reporting, including the remediation and closure of identified issues
- Stay up-to-date with the latest developments in model risk management approaches, industry standards, and regulatory guidelines
- A minimum of Bachelor's degree in a quantitative discipline, such as Economics, Math, Computer Science, Data Science, etc.
- A minimum of 7 years of experience working in quantitative analytics, model development, model validation or model risk management
- Familiarity with models in financial markets, e.g. models used for credit risk, fraud, market risk, and liquidity risk, including AI/ML models, as well as Python or R
- Ability to build strong relationships and influence stakeholders in both technical and non-technical space
- Ability to explain complex concepts for various audiences, and have superior written and oral communication skills
- Familiarity with industry regulations and regulatory frameworks related to model risk management, such as SR 11-7
- Ability to work and thrive in a fast-paced environment, with strong project management and delivery track record
- Market competitive and pay equity-focused compensation structure
- 100% paid health insurance for employees with 90% coverage for dependents
- Annual lifestyle wallet for personal wellness, learning and development, and more
- Lifetime maximum benefit for family forming and fertility benefits
- Dedicated mental health support for employees and eligible dependents
- Generous time away including company holidays, paid time off, sick time, parental leave, and more
We are an equal opportunity employer and welcome applications from diverse candidates. Please review our Privacy Policy for more information.
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