Job details

Model Risk Governance Manager

Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role:

SoFi’s Model Risk Governance Manager is an important oversight position within SoFi’s growing Independent Risk Management organization. This strategic role will be instrumental in implementing SoFi’s member trust-oriented strategy by building a best-in-class risk management team.

This role will work closely with the Director of Model Risk Governance, and support our model risk governance framework. This role will develop and maintain model risk management policies, procedures, issue management, and reporting related to all models used across the organization. The ideal candidate will possess a deep understanding of model risk governance and regulatory requirements, with the ability to collaborate across functions to enhance model risk management practices.

What you’ll do:

Policy and Procedure Development: Draft, maintain, and update model risk policies and procedures to reflect changes in regulatory requirements, industry standards, and organizational needs.
Model Inventory Management: Manage a comprehensive inventory of models across the organization including conducting an annual model attestation process and ensuring documentation is up-to-date and accessible.
Model Risk Reporting: Prepare model risk reports highlighting key risks, issues, and compliance with risk appetite.
Finding and Issue Management: Track, and report model-related findings and issues, ensuring alignment with enterprise issue management standards..
Stakeholder Collaboration: Work closely with model risk validators and business owners to communicate model risk governance practices.

What you’ll need:

8+ years of progressive experience in model risk management, governance, or related roles in the financial services industry..
Bachelor’s degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field required. Master’s or Ph.D. degree preferred.
Strong knowledge of regulatory requirements (e.g., SR 11-7) and industry best practices in model risk management.
Experience with statistical and quantitative modeling approaches. Excellent analytical, problem solving, and decision making skills.
Strong presentation skills: comfortable with public speaking across various forums.

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!