Manager, Model Risk

Location: Newark, Delaware, United States; flexible hybrid working arrangements

Company

hirify.global provides education financing and support to help students plan for higher education, complete their studies, and prepare for life after school.

What you will do

• Manage or support a Model Risk team through guidance, mentorship, and team development.
• Implement model risk management frameworks, policies, and procedures aligned with regulatory requirements and industry practices.
• Oversee validation and testing of financial models, including model development, data analysis, calibration, and documentation.
• Assess model effectiveness and limitations and identify opportunities for improvement.
• Conduct model risk assessments covering governance, validation, and ongoing monitoring.
• Collaborate with cross-functional teams and present model risk reports to senior management and regulatory bodies.

Requirements

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and their practical implementation.
• Proficiency in Python or R and experience with statistical packages.
• Strong analytical and problem-solving skills for evaluating complex financial models and identifying risks.
• Leadership and team management experience, including developing team members.
• Excellent written and verbal communication skills for explaining complex information clearly.

Nice to have

• Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
• Five years of experience in model risk management, financial modeling, or a related financial services role.

Culture & Benefits

• Competitive base salary and bonus incentives.
• Generous paid time off, floating holidays, and 12 observed federal holidays.
• 401(k) retirement plan with employer match and financial-wellness support.
• Medical, dental, vision, disability, life, hospital indemnity, critical illness, and pet insurance.
• Paid parental leave, adoption reimbursement, tuition reimbursement, and family scholarship programs.
• Career development, training opportunities, fitness-center access in Delaware, gym subsidies elsewhere, and wellness support.