Vice President, Model Risk Management

Product · New York, New York
Department Product
Employment Type Full-Time
Minimum Experience Senior Manager/Supervisor

At Silent Eight, we develop our own AI-based product that combats Money Laundering and Terrorism Financing. We are a RegTech Firm working with large international banks such as Standard Chartered Bank, HSBC and financial institutions.


Job Overview: 

We are growing our multi-talented team, and looking for an experienced and motivated Vice President, Model Risk Management to join our Product team, and help shape the model governance strategy and framework for our cutting-edge, artificial intelligence-powered products related to AML/BSA/OFAC, Name Screening, Transaction Screening and AML Transaction Monitoring processes.


Tasks include

  • Leading the overall Model Risk Management framework for Silent Eight’s AI and ML models, primarily focused on Name Screening, Transaction Screening and AML Transaction Monitoring. 
  • Develop and implement best in class model management framework, including overall model design and validation documentation, policies and procedures.
  • Manage the end to end model management lifecycle, including model design and conceptual soundness, model selection, coding, testing and validation, change management, assumptions, risks and mitigation plans.
  • Provide consultation to the internal team to build the AI and ML models driving transparency, explainability and with detailed documentation for our global clients. 
  • Manage the ongoing appropriateness of our models and framework in context of the latest market developments, industry trends, and internal strategic objectives. 
  • Engagement with the clients and their model risk management teams, industry partners and external regulators to demonstrate the overall model design, solution approach, operational soundness, model validation and risk management process.
  • Stay current with technology trends, including methodologies, statistical and analytical techniques and trends related to model management and development across the Financial industry, Artificial Intelligence and Machine Learning solutions landscape.


Requirements

  • 8+ years of experience in financial institutions, technology or consulting roles, within the model risk management function, focusing on designing, analyzing, testing and/or validating financial crime and compliance solutions across AML Monitoring, Name Screening, Sanctions / Payments Screening or Fraud detection.
  • Strong knowledge of the financial services industry best practices and regulatory mandates, specifically for quantitative and qualitative model risk management.
  • Experience with the implementation, testing and evaluation of financial crime and compliance systems, such as Mantas, Detica, Actimize, Fircosoft, Netreveal, etc.
  • Academic qualifications and hands-on experience with the model management for Artificial Intelligence and Machine Learning solutions is preferred.
  • Proven track record of model risk management, across quantitative and statistical techniques as it pertains to AML/BSA/OFAC models, including name matching, classification, segmentation, accuracy testing, supervised and unsupervised machine learning, neural networks, decision trees, regression, etc.
  • Ability to prepare highly technical and detailed written white-papers, documents and presentations for clients, Model Risk teams and key stakeholders.
  • Proficiency using modeling tools such as SAS, R, and Python.
  • Strong influencing, negotiation and conflict management skills.
  • Strong entrepreneurial spirit and ability to think out of the box to come up with innovative solutions to complex problems.
  • Excellent influencing, negotiation, conflict management skills, organizational, analytical, risk management and leadership skills.
  • Ability to prioritize a diverse workload with multiple deadlines.
  • Flexibility to adapt to changing directions based on business needs.


Our culture

ESOS 

we offer stock as part of the compensation package, so you can share in the company’s success!

You will be co-creating our business solutions

We believe that your feedback allows us to create the best solutions as well as adjusted work culture. You will have a real impact on the growth of the company and the product we develop. 


Experienced team

We aren’t your run-of-the-mill tech start-up. At Silent Eight, everyone is a leader in their own field with perspective and experience shared across teams and departments.


Development-centric

Because learning never ends, we empower our employees to invest in themselves. We provide a range of resources such as paid Development Days, in-house training, lunch-and-learns, etc. to make sure our employees are continuing to grow each day.  


Team building events

We know that our success is only possible if we work together as a team. We are a group of passionate individuals united by a common mission. Therefore we like to meet together regularly to connect not just as coworkers, but as human beings, whether it’s at an offsite in Dubai or a weekly “Tea Time” to catch up. 


100% remote work forever

We are not new to working remotely. In fact, we’ve been doing it since 2013 and we know how to make you feel supported, connected, and included. We believe that the freedom to choose where you work from is important to finding the journey that is right for you.



Don’t wait! Join our team today! 


Silent Eight is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other classification protected by applicable federal, state or local law.

 

* Please include the following statement in your application:

“I hereby give consent for my personal data included in my application to be processed by Silent Eight Pte. Ltd. whose registered office is 3 Church Street, Samsung Hub #25-01, Singapore 049712 for purposes of the recruitment process for the position of Vice President, Model Risk Management under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and the free movement of such data, and repealing Directive 95/46/WE (General Data Protection Regulation).”

 

We kindly inform you that the above consents can be withdrawn at any time by sending an e-mail to dp@silenteight.com from the e-mail address provided in your application.

 

We will continue to hold and process your data for as long as necessary to consider you for employment and for a reasonable period of time as is necessary for document compliance with local laws in the country where the opportunity is located. You can withdraw your consent at any time and we will delete your data unless continued retention is required for compliance documentation. You have the right to access, correct, modify, update, rectify, request for the transfer or deletion of data, withdrawal of consent or objection.

 

We kindly inform you that only shortlisted candidates will be contacted.

Thank You

Your application was submitted successfully.

  • Location
    New York, New York
  • Department
    Product
  • Employment Type
    Full-Time
  • Minimum Experience
    Senior Manager/Supervisor