Manager, Model Risk

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

Company

hirify.global provides education financing and support to students throughout their higher-education journeys.

What you will do

• Independently plan and execute risk-based validations of new and existing enterprise models, assessing conceptual soundness, data, methodology, assumptions, implementation, performance, limitations, documentation, and governance.
• Lead validation engagements from scoping through final reporting, including testing design, findings documentation, conclusions, and issue follow-up.
• Provide independent second-line effective challenge to model developers, owners, and users, assessing whether model risks are understood, documented, and mitigated.
• Evaluate performance monitoring, change management, ongoing review, and governance against the Model Risk Management framework and applicable regulatory expectations.
• Perform quantitative analysis using statistical techniques and tools such as Python or R, and prepare defensible validation reports.
• Present findings and limitations to business partners, senior management, governance committees, and regulators while partnering with model development, risk, finance, technology, and business teams.

Requirements

• Bachelor’s degree in mathematics, statistics, economics, finance, data science, engineering, or a related quantitative field.
• 5+ years of direct experience performing model validation, independent model review, or closely related model risk oversight within financial services.
• Experience evaluating model conceptual soundness, data, assumptions, methodology, implementation, performance, limitations, and ongoing monitoring.
• Proficiency in Python, R, SAS, SQL, or comparable analytical tools for independent model testing and assessment.
• Strong knowledge of quantitative analysis, statistical techniques, model governance, and model risk management principles.
• Exceptional written and verbal communication skills, including the ability to document defensible conclusions, explain technical issues clearly, and influence stakeholders through effective challenge.

Nice to have

• Experience validating credit risk, allowance, forecasting, stress testing, decisioning, or other financial risk models.
• Working knowledge of model risk management guidance and industry practices, including SR 11-7 or comparable regulatory expectations.
• Experience validating and governing risk, financial, or forecasting models in financial services, including familiarity with CECL framework models and related regulatory, accounting, and model risk expectations.

Culture & Benefits

• Flexible hybrid working arrangements.
• Competitive base salary, bonus incentives, generous PTO, floating holidays, and 12 observed federal holidays.
• 401(k) retirement plan with employer match and comprehensive medical, dental, vision, disability, life, pet, and other insurance coverage.
• Paid parental leave, adoption reimbursement, tuition reimbursement, family scholarship programs, and career development opportunities.
• On-site staffed fitness centers in Delaware, gym subsidies elsewhere, confidential counseling, health advocacy, and wellness programs.
• Equal opportunity employer with reasonable accommodations available throughout the employment process.