Quantitative Strategies Group Leader

4 weeks ago


Fort Lee, New Jersey, United States Cross River Full time
Job Summary

We are seeking a highly skilled and experienced Quantitative Strategies Group Leader to join our team at Cross River. As a leader of the Business Risk Unit, you will be responsible for overseeing the development and implementation of cutting-edge mathematical models, tools, and strategies. Your expertise will be crucial in ensuring compliance with regulatory requirements and maintaining a strong risk management framework.

Key Responsibilities
  • Lead the development and implementation of mathematical models, tools, and strategies to support business risk management.
  • Collaborate with model developers and model owners to ensure compliance with regulatory requirements.
  • Author high-quality model documentation and design monitoring plans to maintain model inventory and calendar.
  • Communicate with Model Risk Management to formulate common understanding and interpretation of regulatory guidance.
  • Act as primary touchpoint for Credit Risk Organization, Financial Governance, Internal Audit, and External Audit functions.

Requirements
  • PhD or Master's degree in Statistics, Mathematics, Operations Research, Physics, or a quantitative science.
  • Minimum 5+ years of experience in Model Development or Model Validation, with front office experience essential.
  • Strong communication and negotiation skills, with a risk and control mindset.
  • Broad knowledge of relevant modeling frameworks and standards.

About Cross River

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services.

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