Director, Model Risk Management

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The role:

SoFi’s Director -- Model Risk Management is a leadership position within SoFi’s second line of defense Model Risk Management organization.

This role will report to the Senior Director over Model Risk Management and will lead a team conducting independent validation work on a wide variety of models. This is a highly visible role within SoFi’s analytical community.

What you’ll do:

• Supervise a team of 4 model validation experts in the work of validating models to OCC 2011-12/SR 11-7 standards.
• Conduct some model validation work directly.
• Work with the Sr. Director of Model Risk Management to continually evolve validation practices and processes.
• Present and defend results of model validation projects to model owners, model users, business unit management, auditors, and regulators.
• Foster collegial relationships with model owners and users, while maintaining necessary independence from model development work.
• Stay current with industry trends and best practices in modeling and model risk management and apply them to team’s work.
  
  
  

What you’ll need:

• 10 years of progressive experience in model development or model risk management within midsize or large U.S. financial institutions’, including at least 3 years experience conducting or supervising model validation projects.
• Bachelor’s degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required. Master’s or Ph.D. degree preferred.
• Deep knowledge of traditional statistical modeling methods (OLS, logistic regression, survival modeling, etc.) and at least moderate knowledge of artificial intelligence/machine learning approaches (gradient boosting models, neural networks, etc.)
• High attention to detail.
• Ability to explain risks associated with complex technical matters to a non-technical audience.
• Very strong written communication ability. Must be able to review the written reports of other validators for both technical content and readability
• Experience in building and leading high-performing teams, including attracting and retaining top talent.
• Ability and confidence to exercise influence over a wide range of individuals at all levels of technical and business leadership.
• Strong programming skills in Python or R
  
  
  

Compensation And Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.