Director, Model Risk Governance

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The role:
SoFi's Director of Model Risk Governance is a leadership 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 VP, Head of Risk Analytics, and lead our model risk governance framework. This role will oversee 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: Work closely with the Head of Model Validation to maintain and update model risk policies and procedures to reflect changes in regulatory requirements, industry standards, and organizational needs.
• Model Inventory Management: Work with the Head of Model Validation to identify models and oversee the maintenance of a comprehensive inventory of models across the organization including an annual model attestation process, ensuring documentation is up-to-date and accessible.
• Model Risk Reporting: Work with the model validation team and other business partners to prepare and present comprehensive model risk reports to senior management, committees, and the board, highlighting key risks, issues, and compliance with risk appetite.
• Risk Appetite Development: Collaborate with senior management to define, update, and communicate model risk appetite, ensuring alignment with enterprise risk management strategies.
• Finding and Issue Management: Establish processes for defining, tracking, and reporting model-related findings and issues, ensuring alignment with enterprise issue management standards..
• Governance Framework: Update, implement, and maintain SoFi's model risk governance framework, ensuring alignment with industry best practice and regulatory expectations.
• Regulatory Liaison: Act as the primary contact for regulatory inquiries related to model risk governance, ensuring timely and accurate responses.
• Stakeholder Collaboration: Work closely with risk and business owners to communicate model risk governance practices.

What you'll need:

• 10+ years of progressive experience in model risk management, governance, or related roles in the financial services industry, including 5+ years in senior leadership.
• 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, including regulatory examinations, and able to effectively and logically communicate when information is being challenged in an open forum.
• Proven leadership to exercise influence over a wide range of individuals at all levels of technical and business leadership.

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!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.