Senior Model Governance Manager
Who we are
SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.
SoFi’s Risk Management team has responsibility for ensuring growth in lending and other member related activities are consistent with the company’s risk appetite. The team holistically manages enterprise, credit, deposit products, fraud prevention, portfolio management, infrastructure, and business operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, acts as a multi-layered second line of defense in oversight of business operations, and works to ensure risk policies enable a member-first experience.
Senior Model Governance Manager will have responsibility for all aspects of Model Risk Management & Governance, including but not limited to, oversight, validation, ongoing monitoring, inventory, fair lending analysis and audit needs.
This role reports to the Vice President, Risk Analytics & Strategy.
By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.
What you’ll do:
Manage and enhance the Model Risk Management & Governance Policy which meets all criteria of OCC 2011-12 and FRB SR 11-7 guidance
Perform and oversee model development reviews and model implementation reviews across SoFi to ensure compliance of model development standards and procedures with regulatory requirements
Supervise or conduct model validations and ongoing monitoring
Ensure that thorough implementation testing is conducted and that models are observable once put into production
Establish and maintain a centralized log for model risk issues and tracking
Develop, monitor and report on key risk indicators and metrics and escalate when model metrics exceed the established thresholds
Engage with business units and model development to identify models and establish and maintain a complete model inventory
Develop analytics and reporting on the suite of models used within SoFi
Challenge current and proposed models and provide recommendations to model developers and users
Interact with risk committees, internal audit and regulators to provide appropriate reporting.
Interface with all line of business executives, business partners, model owners, model developers and model users.
What you’ll need:
A master’s degree in business, finance, quantitative methods or equivalent; graduate-level degree preferred
7-10 years of experience in model risk governance at a financial institution
Thorough knowledge of the OCC and FRB model risk requirements
Nice to have:
Experience with Tableau and Python
Knowledge of fraud and deposit risk modeling
Why you’ll love working here
Competitive salary packages and bonuses
Comprehensive medical, dental, vision and life insurance benefits
Generous vacation and holidays
Paid parental leave for eligible employees
401(k) and education on retirement planning
Tuition reimbursement on approved programs
Monthly contribution up to $200 to help you pay off your student loans
Great health & well-being benefits including, telehealth parental support, subsidized gym program
Employer paid lunch program (except for remote employees)
Fully stocked kitchen (snacks and drinks)
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.