About the role

Our Enterprise Risk Management team is looking for a subject matter expert within the model risk and validation space. The role requires a sharp analytical thinker who’s adept at financial, credit and fraud modeling to join our enterprise risk management team. You will lead our model risk management function in providing model risk management and validation expertise related to financial crime, fraud, and credit models. You will oversee our model risk management program to be in line with new products that we offer and work with our bank partners and internal teams to develop our modeling controls. There will be a particular focus on governance, validation, and monitoring of model performance of models critical to delivery of our products.

Our Model Risk and Validation Lead will be a self-starter, change agent, and exceptional problem solver with a demonstrated track record of developing complex model risk and validation programs for large FinTechs or financial institutions.

The base salary offered for this role and level of experience will begin at $116,100 and up to $161,300. Full-time employees are also eligible for a bonus, competitive equity package, and benefits. The actual base salary offered may be higher, depending on your location, skills, qualifications, and experience. 

In this role, you can expect to

• Develop and manage 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.
• Lead independent validations of models in use at Chime in line with OCC 2011-12
• Maintain effective relationships and act as liaison with model developers, owners, governance partners, banks, and external auditors
• Continually improve and enhance controls over credit, fincrime, and fraud models to promote alignment with industry best practices.

To thrive in this role, you have

• A quantitative degree in a field like Statistics, Economics, or Mathematics - advanced degrees preferred
• 5+ years in program/project management and oversight role
• 6+ years experience in quantitative modeling of credit risk; fraud risk; and/or model risk management in a financial institution
• Experience creating, adjusting, validating, testing, monitoring and documenting quantitative models
• 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 working directly with regulators and preparation of material designed to report to the Board and regulators.
• Ability to condense highly technical subject matter into clear, effective presentation-quality communications to senior management
• Resilient mindset, strong sense of ownership and an ability to work autonomously in the face of ambiguity

A little about us

We created Chime because we believe everyone deserves financial peace of mind. By eliminating unnecessary fees and helping people grow their savings automatically, we’ve empowered millions of Americans to take control of their finances. 

Chime is the largest and fastest-growing U.S. player in the challenger-banking space. Through our banking partners, we offer access to bank accounts with fee-free overdraft, provide members the chance to receive early access to their paychecks, help them improve their credit, and more!

We’ve built one of the most experienced leadership teams in Fintech and were recently valued at over $25.5B. We’ve raised over $1.7B in funding from leading investors including Sequoia Capital Global Equities, SoftBank Vision Fund 2, General Atlantic, Tiger Global, Dragoneer, DST, Coatue, Iconiq, Menlo Ventures and others.

What we offer

• 💰 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!
• 💚  A challenging and fulfilling opportunity to join one of the most experienced teams in FinTech and help create a completely new kind of banking service

We know that great work comes from great, and inclusive teams. At Chime, we specifically look for individuals of varying strengths, skills, backgrounds, and ideas. We believe this gives us a competitive advantage to better serve our members and helps us all grow as Chimers and individuals.

We hire candidates of any race, color, ancestry, religion, sex, national origin, sexual orientation, gender identity, age, marital or family status, disability, Veteran status, and any other status. Chime is proud to be an Equal Opportunity Employer and will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance. If you have a disability or special need that requires accommodation, please let us know. To learn more about how Chime collects and uses your personal information during the application process, please see the Chime Applicant Privacy Notice. 

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