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Manager – Model Risk
Confirmed live in the last 24 hours
Locations
San Francisco, CA, USA • Chicago, IL, USA • United States
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Data Analysis
Leadership
Management
Marketing
Responsibilities
  • Responsible for developing and handling governance standards for all models in use at Chime, leading to more optimal use of models, and increased confidence in model outcomes
  • Lead the second-line challenge responsibility for testing models, model usage, model overlays, and model documentation, including leveraging testing and reporting software
  • Lead interaction with bank and regulatory partners in all areas related to model standards, management and documentation, encompassing quality, use, overlay, governance, construction, validation and monitoring of model performance
  • Provide clear and insightful analysis, feedback and critique of models by way of written and/or oral reports to business units and senior management
  • Direct a team to perform independent validation of models in use at Chime on an iterative basis and in line with OCC 2011-12
  • Maintain effective relationships and communication channels with model user, owners, and governance partners
  • Continually improve and enhance credit, fincrime, fraud and marketing modeling approaches and methodologies to promote alignment with industry standard processes
  • Act as liaison with model validation teams, internal and external auditors and bank partners
  • A quantitative degree in a field like Statistics, Economics, or Mathematics - advanced degrees preferred
  • 8+ years experience in quantitative modeling of market risk; capital markets management; capital planning and stress testing; risk management; and/or model risk management in a financial institution
  • Experience crafting, adjusting, validating, testing, monitoring and documenting quantitative models required
  • Deep understanding of regulatory expectations as they relate to OCC 2011-12, model risk management standards and best practices
  • Deep understanding of FRB's Supervisory Guidance on MRM SR 11-7 and 15-18
  • Experience in governance or second-line roles; familiarity with COSO risk framework
  • Experience working directly with regulators and preparation of material designed to report to the Board and regulators
Chime

1,001-5,000 employees

Mobile banking & debit cards
Company Overview
Chime's mission is to make financial peace of mind a reality for everyone. The company has created "a new approach to online banking that doesn’t rely on fees, gets you your paycheck up to 2 days early with direct deposit, and helps you grow your savings automatically."
Benefits
  • Competitive salary based on experience
  • 401k match plus the usual medical, dental, vision, life, and disability benefits
  • Generous vacation policy and company-wide Take Care of Yourself Days
  • Virtual events to connect with your fellow Chimers- think cooking classes, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!
Company Values
  • Be member-obsessed.
  • Be human.
  • Be bold.
  • Simplify.
  • Make it happen.
  • Respect the rules.
  • Team up.
  • Chime in.