Senior Manager, Model Risk & Validation

Sallie Mae; Virginia (MN); On-site; USD 110,000 - 165,000; Full time

Benefits offered by this job

Competitive base salaries

Bonus incentives

Generous PTO, Floating Holidays and 12

Federal Holidays observed

Support for financial-well-being and

Comprehe

Job summary

Sallie Mae is seeking a Manager, Model Risk to ensure accuracy, integrity, and regulatory compliance of financial models and risk tools. You will lead a team, implement a risk-management framework, and oversee model validation, data analysis, and documentation.

You'll collaborate with cross-functional partners to align models with business goals, perform governance and ongoing monitoring, and present findings to leadership and regulators.

Qualifications

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and the ability to interpret and implement them.
• Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
• Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
• Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
• Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Responsibilities

• May manage a Model Risk team and provide guidance, support, and mentorship to team members.
• Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
• Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
• Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
• Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
• Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
• Prepare and present reports on model risk to senior management and regulatory bodies.

Skills

Quantitative analysis

Statistical techniques

Risk assessment

Regulatory knowledge

Python

R

Leadership

Communication

Education

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

Job description

Sallie Mae is seeking a Manager, Model Risk to ensure accuracy, integrity, and regulatory compliance of financial models and risk tools. You will lead a team, implement a risk-management framework, and oversee model validation, data analysis, and documentation.

You'll collaborate with cross-functional partners to align models with business goals, perform governance and ongoing monitoring, and present findings to leadership and regulators.