Sr. Model Risk Manager

The role

The Sr. Manager, Model Risk Management will perform independent validation of Transaction Monitoring, Customer Risk Assessment, and Screening models. This includes reviewing AI models, ensuring regulatory compliance, and conducting risk assessments for AML/CFT purposes.

What you will do

• Perform independent validation of Transaction Monitoring, Customer Risk Assessment, Screening, and AI models.
• Review model documentation, data quality, accuracy, access, and testing methodologies.
• Assess model performance, accuracy, and stability.
• Evaluate model risk and identify potential biases.
• Review AI Models for AML/CFT Program.
• Ensure models comply with EU AML/CFT Directives, US BSA/AML regulations, and FATF recommendations.
• Conduct risk assessments to identify AML/CFT risks in customer segments, products, and geographies.
• Develop and implement procedures for ongoing model monitoring and maintenance.
• Collaborate with Model Engineering, AML/CFT subject matter experts, and risk management teams.
• Prepare model validation reports, risk assessments, and regulatory compliance reports.

Required qualifications

• Bachelor's degree in a quantitative field (e.g., mathematics, statistics, computer science, engineering).
• 5+ years of experience in model validation, risk management, or a related field.
• Understanding of international Model Risk Management rules and regulations, such as OCC SR 11-7.
• Strong understanding of machine learning and statistical modeling techniques.
• Deep understanding of fiat and crypto payment flows.
• Proficiency in programming languages (e.g., Python, R, SQL).
• Experience with data visualization tools (e.g., Tableau, Power BI).
• Strong understanding of financial markets, products, and services.
• Excellent written and verbal communication skills.

Nice to have

• Professional certifications (e.g., FRM, CDA, CAP).
• Experience with AML/CFT transaction monitoring and Customer Risk Assessment systems
• Knowledge of cloud-based technologies.
• Experience with agile development methodologies.

Before you apply

• Applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance or graduation.
• We may ask candidates to complete job-related skills or work-style assessments as part of our hiring process.

About the company

Payward is the parent company behind Kraken, NinjaTrader, Breakout, xStocks, Payward Services and CF Benchmarks. Kraken is a crypto platform that offers spot trading, margin, futures, staking, and OTC services.