Senior Quantitative Risk Manager
1 week ago
About OneMain Financial:
OneMain Financial is a leading consumer finance company that provides personal loans, credit cards, and other financial services to individuals.
Job Summary:
We are seeking an experienced Senior Quantitative Risk Manager - Model Governance to join our team. This is a key role in our organization that will be responsible for overseeing the development and deployment of models used for customer credit lifecycle.
Key Responsibilities:
The Senior Quantitative Risk Manager - Model Governance will be responsible for:
- Model Oversight: Independently challenge models and identify weaknesses and opportunities for improvement.
- Risk Evaluation: Evaluate and opine on major model building milestones.
- Model Development: Build challenger models on select models as needed.
- Compliance: Ensure modeling specifications and constructs adhere to defined mathematical and statistical standards.
- Monitoring: Perform model validations on a periodic basis.
- Analytics: Use analytics, business rules, and/or other risk tools and techniques to detect model behaviors and risk factors.
- Reporting: Prepare and distribute regular MIS reporting concerning risk monitoring activities.
Requirements:
To be successful in this role, you will need:
- A Master's degree in Statistics, Mathematics, Data Science, Computer Science, or related quantitative field.
- Advanced knowledge of statistical and machine learning methods, techniques, formulas, and tests.
- 5 years of progressive experience in the consumer credit industry.
- 3 years of progressive experience in Model Risk Management.
- Solid knowledge of key econometric and statistical techniques.
- Strong analytical, data, problem-solving, and decision-making skills.
- Excellent presentation and communication skills.
- Proficient in SQL, Python, and MS Office Suite.
Compensation:
This role offers an estimated annual salary of $120,000 to $180,000 based on industry standards and your level of experience.
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