(Senior) Risk Models and Procedures Manager

The (Senior) Risk Models and Procedures Manager at our medical fintech company will handle several important tasks including the development and maintenance of risk modeling frameworks, assessing credit risk and portfolio exposure, and conducting regular model validation to ensure compliance. You will also create comprehensive risk inventories and monitor internal controls while collaborating with different teams to enhance our risk management processes.

To qualify for the (Senior) Risk Models and Procedures Manager role in Berlin, candidates typically need a Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related field. Additionally, at least 5 years of experience in risk modeling, quantitative analysis, or risk management is essential, alongside strong analytical skills and familiarity with regulatory requirements.

Success in the (Senior) Risk Models and Procedures Manager role requires a strong proficiency in statistical modeling and data analysis. Excellent analytical skills, problem-solving abilities, and the capacity to communicate complex concepts to various stakeholders are also crucial. Additionally, project management skills and attention to detail are fundamental to effectively maintain our risk management frameworks.

The (Senior) Risk Models and Procedures Manager contributes to compliance by ensuring that all risk models and procedures are in alignment with both regulatory requirements and internal policies. This includes staying current with industry trends, monitoring portfolio performance, and supporting regulatory audits by providing necessary documentation and insights.

Our medical fintech company offers a range of benefits to the (Senior) Risk Models and Procedures Manager, including flexible working hours, the option for hybrid work, a cozy and dog-friendly office environment, and a BVG ticket or Swapfiets subscription. Moreover, enjoy opportunities for workation, as well as an Urban Sports membership to promote a healthy work-life balance.

When responding to this question, share specific experiences where you've developed or validated risk models, particularly in the context of factoring or lending products. Emphasize any methodologies you've implemented and how your work contributed to better risk assessment or regulatory compliance.

Discuss the importance of continuous education in your response. Mention resources like industry publications, webinars, and professional associations. Also, highlight any specific experiences where you've adapted models or practices based on regulatory updates.

Your answer should touch on steps such as ensuring that models are back-tested, comparing model outputs to actual performance, and conducting stress tests. Be prepared to share examples of specific models you've validated in past roles.

Explain that open communication is key. Discuss how you would present data-driven insights and foster collaboration, ensuring that decisions uphold best practices and compliance. Give examples of when you've negotiated or influenced decisions in a positive manner.

Detail methodologies such as statistical analysis, credit scoring models, and qualitative assessments. Highlight how these methods have influenced your previous work and mention any tools or software you utilize for credit risk assessment.

Share a situational example where you detected an emerging risk through data analysis or feedback. Focus on the actions you took, the involvement of stakeholders, and the outcomes of your risk mitigation strategies.

Talk about approaches like enhancing data quality, applying advanced statistical techniques, and exploring machine learning algorithms. Give insights into how you collaborated with data science teams, if applicable.

Discuss the importance of regular audits and evaluations. Mention techniques such as process documentation, staff training, and continuous monitoring of internal controls to ensure compliance with policies.

Emphasize the collaborative nature of risk management and how sharing insights across departments strengthens decision-making processes. Provide an example of a successful team project that enhanced risk management efforts.

Explain how you would develop a structured training program, possibly incorporating workshops, hands-on sessions, and ongoing support. Highlight the importance of clear communication and practical learning to ensure staff apply risk models effectively.