Manager, Model Risk

Job overview

Manager, Model Risk is an onsite role in Arlington, VA; the posting also describes flexible hybrid working arrangements. Compensation is not specified. The role supports Sallie Mae’s enterprise model risk oversight and its mission to help students plan and finance higher education. As an independent second-line contributor, the manager validates models and challenges their assumptions, data, methods, implementation, performance, and governance. The work helps ensure model risks are understood and mitigated and that model use aligns with the organization’s risk framework and regulatory expectations.

What you'll do

• Plan and execute risk-based validations of new and existing models, from scoping through final reporting.
• Assess conceptual soundness, data quality, methodology, assumptions, implementation, performance, limitations, and documentation.
• Provide independent challenge to model developers, owners, and users.
• Evaluate monitoring, change management, ongoing review, and governance.
• Perform quantitative testing using statistical techniques and tools such as Python or R.
• Present findings to business partners, senior management, governance committees, and regulators as appropriate.
• Improve validation practices, procedures, templates, and risk assessment methods.

What we're looking for

Skills & competencies

manager model risk

model validation

risk management

second line of defense

quantitative analysis

python

financial services

model governance

arlington va

sallie mae

Work arrangement

• Weekend coverage required

Benefits & perks

• Bonus incentives
• paid time off and holidays
• 401(k) match
• medical, dental and vision
• disability and life insurance
• parental leave and adoption reimbursement
• tuition reimbursement
• career development and training.

Why this role

Senior individual-contributor role in the second line of defense; requires 5+ years of model validation or related model risk oversight experience in financial services.

About the employer

Sallie Mae is hiring for this role. Industry: International, Secondary Market, and All Other Nondepository Credit Intermediation. Sector: 52.