Lead Model Risk & Validation Manager

Sallie Mae; Virginia; On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Bonus incentives

Generous PTO & holidays

401k with employer match

Education support

Job summary

Sallie Mae is seeking a Manager of Model Risk in the United States (Virginia). You will lead a team, implement risk frameworks, validate financial models, and report to senior management. The role requires strong quantitative skills and practical regulatory knowledge.

You will collaborate with cross-functional teams to ensure models meet business objectives and comply with standards. A track record in model risk and leadership is essential for success.

Qualifications

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and ability to interpret and implement them.
• Proficiency in Python or R and experience with statistical packages.
• Excellent analytical and communication skills with leadership capability.

Responsibilities

• Manage a Model Risk team or provide guidance to team members.
• Implement a comprehensive model risk framework, policies, and procedures.
• Oversee validation and testing of financial models including development, data analysis, calibration, and documentation.
• Assess effectiveness and limitations of existing models and identify improvements.
• Collaborate with cross functional teams to align models with business objectives.
• Conduct model governance, validation, and ongoing monitoring to mitigate risks.
• Prepare and present model risk reports to senior management and regulators.

Skills

Quantitative analysis

Statistical techniques

Risk assessment

Python

R

Regulatory interpretation

Leadership

Communication

Education

Bachelor's degree in finance, mathematics, statistics, economics, or related field

5+ years in model risk / financial modeling

Tools

Python

R

Job description

Sallie Mae is seeking a Manager of Model Risk in the United States (Virginia). You will lead a team, implement risk frameworks, validate financial models, and report to senior management. The role requires strong quantitative skills and practical regulatory knowledge.

You will collaborate with cross-functional teams to ensure models meet business objectives and comply with standards. A track record in model risk and leadership is essential for success.