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Full-Time

Director of Model Risk

Posted on 6/25/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading for stocks, crypto

Fintech

Compensation Overview

$189k - $285kAnnually

+ Bonus + Equity Plans

Expert

Menlo Park, CA, USA + 1 more

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Expertise in model validation and model risk management
  • A minimum of 12 years of experience in the financial services industry, working in model risk management, model development or validation
  • Familiarity with models in financial markets and related risks such as counterparty, fraud, market, and liquidity risk
  • Ability to manage validation of risk models using current ML/AI applications
  • 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
Responsibilities
  • Execute and operationalize the Enterprise wide Model Risk Governance framework
  • Develop and implement model validation plans and methodologies
  • Work closely with model owners across Robinhood to identify and manage risks introduced by the use of models
  • Collaborate with model developers to identify potential model weaknesses or deficiencies and propose improvements or remediation actions
  • Develop in-depth expertise of Robinhood data, machine learning, and model serving systems
  • Prepare comprehensive model validation reports detailing findings, recommendations, and conclusions for senior management, regulatory bodies, and auditors
  • Stay up-to-date with the latest developments in risk modeling techniques, industry standards, and regulatory guidelines

Robinhood is at the forefront of democratizing financial services, providing accessible, commission-free trading through a user-friendly app. This company leads in integrating traditional financial instruments with burgeoning digital markets, including cryptocurrencies and NFTs. The supportive work environment fosters innovation and a customer-focused approach, making it an exceptional place for employees who are passionate about making a positive impact in finance and technology.

Company Stage

IPO

Total Funding

$7.4B

Headquarters

West Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

2%

2 year growth

-18%

Benefits

Well-being - Premium medical, dental, and vision insurance

Family & home life - Parental leave, personal prosperity benefits

Comfort & care - Flexible work from home / office balance, health & wellness stipend

Office life - Catered meals and fully stocked kitchen, commuter benefits

Growth - Education and training, community events, career mentorships