Director, Model Risk Management

About the Role:

We are looking for a Director of Model Risk Management to play in a critical role in owning all policies, procedures, and reporting related to Upgrade’s model risk management program. This person will manage the risk associated with the use of models, ensuring that models are reliable, compliant, and effective.

What You’ll Do: 

• Own requests and communications for regulatory exams and internal audits
• Develop and provide appropriate reporting to senior management related to the performance of the model risk management program
• Conduct independent model validation and provide an effective challenge of models by partnering with model owners and developers
• Write validation reports documenting the independent validation process
• Review ongoing model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
• Monitor the remedial actions taken by model owners and developers to ensure model validation findings are addressed in a timely manner

What We Look For:

• Graduate degree in a quantitative discipline such as mathematics, statistics, economics, or any related field
• 10+ years of experience in model development, model validation, and/or quantitative analysis
• 5+ years of managerial experience
• Familiarity with different types of models used in the lending industry such as underwriting, loss forecasting, BSA/AML etc.
• In-depth knowledge of statistical and machine learning modeling techniques and quantitative methods
• Excellent technical writing and verbal communication skills
• Experience in model risk management and related regulatory guidance such as SR 11-7

What We Offer You: 

• Competitive salary and stock option plan
• 100% paid coverage of medical, dental and vision insurance 
• Flexible PTO
• Opportunities for professional growth and development  
• Paid parental leave
• Health & wellness initiatives

The compensation range of this position in San Francisco, CA is USD $185,000-$210,000 annually plus equity and benefits. Within this range, an individual's base pay will be dependent on a variety of factors, including without limitation, job-related knowledge, skills, education, and experience.

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Personal Information Upgrade Collects:

Identifiers Including name, address, email, telephone number, social security number, driver license number, passport number, and other personal identifying information. Characteristics of protected classifications under California or federal law, including demographic information and other personal information obtained during the application process, such as gender, race, national origin. Professional or employment-related information, such as salary/compensation and benefits packages, other relocation or job preferences, prior background, experience, skills, and other information in support of your application, reference information, other information obtained through background checks, including employment, credit, and criminal history. Education Information. Any other information you provide as a part of  recruitment, job application, or interview process. 

Purposes for Collecting Personal Information:

To consider qualifications, skills, and interest for employment. To communicate with you during the recruitment and interview process. To conduct background checks and verify your information if you are offered employment. To provide compensation, including payroll, and  administer stock options and benefits, including medical, dental, vision, commuter, and retirement benefits. To provide human resources services and conduct performance evaluations. To monitor work eligibility including work-related licenses, credentials, training, and eligibility to work in the United States. To improve recruitment and interview processes and  ensure a safe and efficient working environment. To comply with applicable legal or regulatory requirements including state and federal company reporting obligations.