Model Risk Manager
- Full-time
Company Description
Job Description
The Model Risk Manager role will be responsible for the administration and execution of the Bank's Model Risk Management ("MRM") program and priorities under the oversight of the Bank's Chief Risk Officer ("CRO"). This position can be remote.
You will:
- Conduct independent validation of all SFS models by partnering with model owners and developers, following Bank policies, regulatory requirements, and industry best practices
- Provide a comprehensive effective challenge of models across all aspects including: Model documentation, methodology and conceptual soundness, Testing and verification of model data for accuracy and suitability and review of sampling techniques, Variables used and selection process, Model assumptions, weaknesses, limitations and opportunities for improvement, Model performance and comparison to alternate approaches / benchmarks, Code review, implementation and ongoing monitoring plans
- Draft validation reports documenting the independent validation process in its entirety including important observations & recommendations and associated remedial actions
- Review ongoing model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
- Maintain the Bank's model inventory to ensure it is comprehensive and accurate
- Review and monitor the remedial actions taken by model owners and developers to ensure model validation findings are addressed in a timely manner
- Help with regulatory exams and internal audits that fix and prevent recurrence of identified gaps and deficiencies.
- Support oversight and enhancement of the Bank's MRM Program by staying up-to-date on all policies, regulatory guidance, and industry best practices
- Support other enterprise risk management projects as the Bank continues to grow
Qualifications
You Have:
- A graduate degree in Statistics, Mathematics, Computer Science, Operations Research, Physics, Economics, or a related technical field
- 5+ years industry experience in modeling, data science or machine learning-focused roles
- High degree of proficiency in tools such as Python, R and SQL
- Experience using statistics and machine learning
- The desire and curiosity to learn new tools and technologies on the job
- Convey complex results to technical and non-technical audiences
- Experience in MRM and related regulatory guidance such as SR 11-7 is preferred
Additional Information
Perks
At Square, we want you to be well and thrive. Our global benefits package includes:
- Healthcare coverage
- Retirement Plans
- Employee Stock Purchase Program
- Wellness perks
- Paid parental leave
- Paid time off
- Learning and Development resources
We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Square is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.
We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible.
Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.
Perks
At Square, we want you to be well and thrive. Our global benefits package includes:
- Healthcare coverage
- Retirement Plans
- Employee Stock Purchase Program
- Wellness perks
- Paid parental leave
- Paid time off
- Learning and Development resources
Square, Inc. (NYSE: SQ) builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in person, manage their business, and access financing. Individuals use Cash App to spend, send, store, and invest money. And TIDAL is a global music and entertainment platform that expands Square's purpose of economic empowerment to artists. Square, Inc. has offices in the United States, Canada, Japan, Australia, Ireland, Spain, Norway, and the UK.