Social Finance Ltd
Senior Manager, Model Management
Social Finance Ltd, Snowflake, Arizona, United States, 85937
Overview
Shape a brighter financial future with us. Together with our members, were changing the way people think about and interact with personal finance. Were 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 were at the forefront. Were proud to come to work every day knowing that what we do has a direct impact on peoples 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
The Senior Manager, Model Management, will lead the Model Management team within the Compliance Analytics department. This role is responsible for developing innovative and industry leading models across the full lifecycle of AML, surveillance and other compliance models, including development, implementation, optimization, and validation. The manager will also oversee vendor integrations, ensure model governance, and provide comprehensive reporting to oversight bodies. This role will also support AML governance initiatives including risk assessments and internal/external inquiries. What youll do Lead and manage the Model Management team, including performance management, mentorship, and resource allocation Oversee the development, implementation, and maintenance of AML and surveillance models across multiple product lines (banking, brokerage, lending) to ensure robust risk coverage with improved efficiency Manage and optimize AML applications to ensure conceptually sound design, proper implementation, and acceptable performance Act as a key point of contact for Model Risk Management matters, collaborating with internal stakeholders (e.g., Compliance, Technology, Business Units) and external partners (e.g., vendors, regulators) Partner with technical teams (developers, program managers, data analysts) to deliver AML technology transformation initiatives related to models and systems Communicate complex model-related information to both technical and non-technical audiences in a clear and concise manner Oversee the research, compilation, and evaluation of large datasets for AML threat detection and model building Direct the building and refinement of experimental models using machine learning and statistical modeling methods (supervised and unsupervised learning) Present model performance reports and key metrics to senior management and relevant committees Identify and implement process improvements within the Model Management function to enhance efficiency and effectiveness
What youll need
An innovative and entrepreneurial spirit and the desire to leverage technology to the fullest extent Bachelors Degree or Masters Degree in Statistics, Computer Science, Mathematics, Finance, Computer Science, Engineering or other relevant areas 10+ years of experience in the finance industry focusing on BSA/AML, OFAC, or fraud modeling/analytics Strong statistical/data analytical skills, including data quality validation and predictive modeling experience in SQL, R, and/or Python Knowledge of and ability to leverage traditional databases, cloud-based computing, and distributed computing Experience supporting and managing AML governance-related responsibilities, including risk assessments, internal/external audits, and other regulatory requirements Demonstrated ability to communicate effectively with all levels of the organization and across different business lines In-depth knowledge of AML regulations and the USA PATRIOT Act Familiarity with regulatory guidance on Model Risk Management (Federal Reserve SR Letter 11-7, OCC Bulletin 2011-12, FDIC FIL 22-2017, DFS504) Experience with data visualization (e.g., Tableau) and data monitoring systems (e.g., DataDog, Monte Carlo) Experience with cloud data infrastructure (e.g., Snowflake), automated transaction monitoring (e.g., Verafin), and customer/transaction screening (e.g., LexisNexis) Experience with infrastructure automation software (e.g., Terraform) and familiarity with virtualization and containerization (e.g., Docker, Kubernetes) CAMS certification preferred
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 candidates experience, skills, and location. To view all of our comprehensiveand competitivebenefits, visit our Benefits at SoFi
page! Pay range: $172,800.00 - $297,000.00 Payment frequency: Annual This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above. 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. SoFi is committed to an inclusive culture. 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 accommodations@sofi.com. 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. Apply for this position
Compliance 6 Locations Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org) To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. #J-18808-Ljbffr
Shape a brighter financial future with us. Together with our members, were changing the way people think about and interact with personal finance. Were 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 were at the forefront. Were proud to come to work every day knowing that what we do has a direct impact on peoples 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
The Senior Manager, Model Management, will lead the Model Management team within the Compliance Analytics department. This role is responsible for developing innovative and industry leading models across the full lifecycle of AML, surveillance and other compliance models, including development, implementation, optimization, and validation. The manager will also oversee vendor integrations, ensure model governance, and provide comprehensive reporting to oversight bodies. This role will also support AML governance initiatives including risk assessments and internal/external inquiries. What youll do Lead and manage the Model Management team, including performance management, mentorship, and resource allocation Oversee the development, implementation, and maintenance of AML and surveillance models across multiple product lines (banking, brokerage, lending) to ensure robust risk coverage with improved efficiency Manage and optimize AML applications to ensure conceptually sound design, proper implementation, and acceptable performance Act as a key point of contact for Model Risk Management matters, collaborating with internal stakeholders (e.g., Compliance, Technology, Business Units) and external partners (e.g., vendors, regulators) Partner with technical teams (developers, program managers, data analysts) to deliver AML technology transformation initiatives related to models and systems Communicate complex model-related information to both technical and non-technical audiences in a clear and concise manner Oversee the research, compilation, and evaluation of large datasets for AML threat detection and model building Direct the building and refinement of experimental models using machine learning and statistical modeling methods (supervised and unsupervised learning) Present model performance reports and key metrics to senior management and relevant committees Identify and implement process improvements within the Model Management function to enhance efficiency and effectiveness
What youll need
An innovative and entrepreneurial spirit and the desire to leverage technology to the fullest extent Bachelors Degree or Masters Degree in Statistics, Computer Science, Mathematics, Finance, Computer Science, Engineering or other relevant areas 10+ years of experience in the finance industry focusing on BSA/AML, OFAC, or fraud modeling/analytics Strong statistical/data analytical skills, including data quality validation and predictive modeling experience in SQL, R, and/or Python Knowledge of and ability to leverage traditional databases, cloud-based computing, and distributed computing Experience supporting and managing AML governance-related responsibilities, including risk assessments, internal/external audits, and other regulatory requirements Demonstrated ability to communicate effectively with all levels of the organization and across different business lines In-depth knowledge of AML regulations and the USA PATRIOT Act Familiarity with regulatory guidance on Model Risk Management (Federal Reserve SR Letter 11-7, OCC Bulletin 2011-12, FDIC FIL 22-2017, DFS504) Experience with data visualization (e.g., Tableau) and data monitoring systems (e.g., DataDog, Monte Carlo) Experience with cloud data infrastructure (e.g., Snowflake), automated transaction monitoring (e.g., Verafin), and customer/transaction screening (e.g., LexisNexis) Experience with infrastructure automation software (e.g., Terraform) and familiarity with virtualization and containerization (e.g., Docker, Kubernetes) CAMS certification preferred
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 candidates experience, skills, and location. To view all of our comprehensiveand competitivebenefits, visit our Benefits at SoFi
page! Pay range: $172,800.00 - $297,000.00 Payment frequency: Annual This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above. 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. SoFi is committed to an inclusive culture. 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 accommodations@sofi.com. 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. Apply for this position
Compliance 6 Locations Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org) To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. #J-18808-Ljbffr