Model Risk Management Lead
@ Lead

Hybrid
$200,000
Hybrid
Full Time
Posted 1 day ago

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XXXXXXXXX XXXXXXXXX XXXXXX****** @leadbank.com
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Job Details

About Lead

Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDIC-insured bank headquartered in Kansas City, Missouri with additional offices in San Francisco, Sunnyvale, and New York City. Our diverse teams in technical, product, design, and legal work together to navigate a constantly evolving financial landscape.

Role Overview

The Model Risk Management Lead will oversee the bank's overall model risk management program, ensuring the integrity and compliance of various quantitative models. This role is pivotal in safeguarding against regulatory, financial, and reputational risks while collaborating with fintech partners and internal stakeholders.

Key Responsibilities

  • Oversee the Model Risk Management program and maintain the Model Inventory.
  • Perform due diligence and provide oversight on fintech partner models.
  • Review documentation, validate models, and recommend enhancements.
  • Engage with stakeholders across risk, finance, legal/compliance, and partner teams.
  • Design and execute actionable MRM-related reporting for management and Board committees.

Qualifications

  • Bachelor’s degree in a quantitative discipline (math, physics, econometrics, statistics, or financial engineering).
  • 7+ years in quantitative model development, validation, or risk management.
  • Expertise in traditional statistical and advanced machine learning models.
  • Strong communication skills and the ability to explain complex concepts.
  • Knowledge of regulatory requirements and enterprise risk management frameworks.

What We Offer

Competitive compensation with equity and bonus opportunities, comprehensive medical benefits, a flexible vacation policy, and a fun, challenging team environment in a dynamic industry. Lead Bank is committed to equal employment opportunity and inclusive hiring practices.

Key skills/competency

  • Model Risk Management
  • Quantitative Analysis
  • Model Validation
  • Regulatory Compliance
  • Financial Engineering
  • Statistical Modeling
  • Machine Learning
  • Risk Management
  • Stakeholder Engagement
  • Report Design

How to Get Hired at Lead

🎯 Tips for Getting Hired

  • Customize your resume: Highlight quantitative and risk management skills.
  • Research Lead's culture: Understand fintech innovation and regulatory focus.
  • Align your experience: Emphasize model validation expertise.
  • Prepare for technical discussions: Brush up on statistical and ML models.
  • Follow application tips: Tailor cover letter to fintech challenges.

📝 Interview Preparation Advice

Technical Preparation

Review statistical model fundamentals.
Study machine learning model validations.
Update knowledge on risk management standards.
Practice regulatory compliance methodologies.

Behavioral Questions

Describe a challenge in model risk oversight.
Explain how you engage cross-functional teams.
Discuss handling conflicting stakeholder interests.
Detail experiences in regulatory communication.

Frequently Asked Questions