Simplify Logo

Full-Time

Head of AI Governance and Model Risk Management

Confirmed live in the last 24 hours

Mission Lane

Mission Lane

201-500 employees

Provides transparent credit card solutions

Fintech
Financial Services

Compensation Overview

$195k - $264kAnnually

+ Annual Incentive Program + Equity

Senior, Expert

No H1B Sponsorship

Remote in USA

Category
Applied Machine Learning
AI Research
AI & Machine Learning
Required Skills
Python
Data Science
Requirements
  • Bring an engineering mindset to problem-solving.
  • Enjoy coding - you can review code for a data scientist’s PyData dev work or script your tasks to automate them.
  • Have experience working in a regulated environment, preferably with SR 11-7, the OCC’s guidance for Model Risk Management.
  • Have created and applied statistical, econometric, or machine learning models.
  • Are skilled at performing model validations, model reviews, and assessing model risk.
  • Have great collaboration and organizational skills to grow partnerships with our sponsor banks, legal team, modelers, and business owners.
  • Have a vision for a responsible future for AI, machine learning, and data science within fintech.
  • Are excited to have an impact and get stuff done.

Mission Lane provides accessible and fair credit solutions, primarily through credit cards aimed at individuals looking to build or rebuild their credit. Their credit cards come with no hidden fees, no security deposits, and no activation fees, making them attractive to consumers who are cautious about traditional credit card fees. The company generates revenue through interest on outstanding balances and late payment fees, but stands out due to its commitment to transparency. A key feature is the instant decision on credit card applications, allowing users to know their approval status quickly. Additionally, Mission Lane offers free access to credit scores, educational resources, and reports to major credit bureaus, helping clients improve their creditworthiness. Their goal is to support responsible credit use by rewarding good financial behavior with higher credit limits over time.

Company Stage

N/A

Total Funding

$1B

Headquarters

Richmond, Virginia

Founded

2018

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-6%

2 year growth

-25%
Simplify Jobs

Simplify's Take

What believers are saying

  • Mission Lane's recent $150 million equity investment will support aggressive expansion and product development, indicating strong growth potential.
  • The appointment of Brandon Black as CEO, with his extensive experience in financial services, is likely to drive strategic growth and operational excellence.
  • The expanded partnership with Plaid enhances Mission Lane's ability to offer comprehensive financial tools, improving customer satisfaction and retention.

What critics are saying

  • The competitive fintech landscape requires continuous innovation to maintain differentiation and market share.
  • Dependence on interest and late payment fees for revenue could be risky if customers improve their credit behavior significantly.

What makes Mission Lane unique

  • Mission Lane's focus on transparent, no-fee credit card solutions specifically targets individuals with limited or damaged credit histories, setting it apart from traditional credit card companies.
  • The instant decision feature on credit card applications reduces anxiety and waiting times for applicants, enhancing user experience.
  • Their partnership with Plaid to offer open finance solutions provides customers with access to over 7,000 apps and services, a unique value proposition in the fintech space.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Full health, dental, and vision benefits

FSA

Paid parental leave

401k with company match

Generous PTO

Flexible work schedule