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Model Risk Manager

Remote:

Full Remote

Contract:

Full time

Salary:

129 - 195K yearly

Experience:

Senior (5-10 years)

Work from:

United States

Offer summary

Qualifications:

Bachelor’s degree in a quantitative discipline, Minimum of 7 years in quantitative analytics or model risk management, Familiarity with financial market models and Python or R, Knowledge of industry regulations related to model risk, Strong project management skills.

Key responsabilities:

Promote and optimize Model Risk Management framework
Develop model validation plans and assess models
Collaborate with model owners to manage model risks
Prepare reports with findings for senior management and auditors
Conduct regular model risk tracking and remediation

Robinhood Fintech: Finance + Technology Large https://www.robinhood.com

1001 - 5000 Employees

See more Robinhood offers

Job description

Join a leading fintech company that’s democratizing finance for all.

Robinhood Markets was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood and its subsidiaries and affiliates are lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.

With growth as the top priority...

The business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If you’re invigorated by our mission, values, and drive to change the world — we’d love to have you apply.

About the team + role

As a Model Risk Manager, you will champion the importance and value of sound model risk management practices, will drive independent model validation and identification of model risks, and will support ongoing model risk mitigation and reporting. You will work closely with a diverse group of professionals across the enterprise, including quantitative analysts, data scientists, risk managers, and model owners to ensure the accuracy and reliability of our models. This is an individual contributor role.

It is preferred that this role is located in one of the office locations listed on this job description which will align with our in-office working environment. This position is only eligible for remote work in limited geographies within the US where we do not have physical office locations. Please connect with your recruiter for more information regarding our in-office philosophy and expectations.

What you’ll do

Promote, apply and help evolve and optimize 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

What you bring

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.

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on September 19, 2024.

Please see the independent bias audit report covering our use of Covey here.

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. This role is also eligible to participate in a Robinhood bonus plan and Robinhood’s equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$166,000—$195,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$146,000—$172,000 USD

Zone 3 (Lake Mary, FL)

$129,000—$152,000 USD

Click here to learn more about available Benefits, which vary by region and Robinhood entity.

We’re looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you’re ready to give 100% in helping us achieve our mission—we’d love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood embraces a diversity of backgrounds and experiences and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. Please review the specific Robinhood Privacy Policy applicable to the country where you are applying.