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Full-Time

Model Risk Governance Manager

Confirmed live in the last 24 hours

SoFi

SoFi

1,001-5,000 employees

Offers diverse personal finance solutions

Fintech
Financial Services

Senior, Expert

Frisco, TX, USA

Category
Risk Management
Finance & Banking
Requirements
  • 8+ years of progressive experience in model risk management, governance, or related roles in the financial services industry.
  • Bachelor’s degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required. Master’s or Ph.D. degree preferred.
  • Strong knowledge of regulatory requirements (e.g., SR 11-7) and industry best practices in model risk management.
  • Experience with statistical and quantitative modeling approaches. Excellent analytical, problem solving, and decision making skills.
  • Strong presentation skills: comfortable with public speaking across various forums.
Responsibilities
  • Draft, maintain, and update model risk policies and procedures to reflect changes in regulatory requirements, industry standards, and organizational needs.
  • Manage a comprehensive inventory of models across the organization including conducting an annual model attestation process and ensuring documentation is up-to-date and accessible.
  • Prepare model risk reports highlighting key risks, issues, and compliance with risk appetite.
  • Track, and report model-related findings and issues, ensuring alignment with enterprise issue management standards.
  • Work closely with model risk validators and business owners to communicate model risk governance practices.

SoFi provides a variety of financial services aimed at helping individuals manage their money effectively. Its offerings include home loans, personal loans, student loan refinancing, credit cards, and investment options. SoFi's platform is designed to be user-friendly and mobile-first, allowing members to easily access and utilize these services. The company differentiates itself from competitors by offering a comprehensive suite of financial products under one roof, along with educational resources to assist users in making informed financial decisions. SoFi's goal is to create a seamless experience for its members, encouraging them to engage with multiple services while fostering an inclusive environment.

Company Stage

IPO

Total Funding

$6.2B

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

4%

1 year growth

12%

2 year growth

18%
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Simplify's Take

What believers are saying

  • SoFi's strategic partnerships and securitization deals, such as the $350M loan securitization with PGIM, bolster its lending capabilities and financial stability.
  • The company's innovative approach to financial wellness, including the integration of spending, saving, and lending products, offers employees a dynamic and forward-thinking work environment.
  • SoFi's commitment to inclusivity and a welcoming environment fosters a positive workplace culture, enhancing employee satisfaction and retention.

What critics are saying

  • Regulatory challenges, such as the recent $1.1M fine for failing to verify customer accounts, could impact SoFi's reputation and operational costs.
  • The competitive fintech landscape requires continuous innovation to maintain market share, posing a risk if SoFi fails to keep pace with industry advancements.

What makes SoFi unique

  • SoFi's mobile-first approach and comprehensive suite of financial services create a seamless, integrated experience that sets it apart from traditional financial institutions.
  • The company's focus on member-centric services, including discounted financial planning and educational resources, enhances customer loyalty and engagement.
  • SoFi's recent expansion into alternative investments through partnerships like Templum provides unique investment opportunities for retail investors, distinguishing it from other fintech platforms.

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Benefits

You’re taken care of. SoFi employees receive comprehensive health, vision, dental, life insurance, and disability benefits—as well as flexible time off, fitness, fertility, and family planning options.

Realize your ambitions. We want to help our employees achieve financial freedom, just like our members. That’s why we contribute $200 per month toward your student loans to help pay down your debt—plus free financial classes.

Never stop learning. We offer frequent training, mentorship opportunities, and leadership programs to develop our people. We also cover tuition costs for approved programs, up to $5,250 per year.