Senior Model Risk Analyst

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Credit Services, Banking, PaymentsIndustries

Requirements

Candidates must possess an advanced degree (MS/PhD) in Statistics, Mathematics, Data Sciences, or a related quantitative discipline. They should have 1-5 years of experience as a Data Scientist, Statistician, or in a related modeling background, with experience in underwriting models being a plus. Proficiency in the latest machine learning techniques like Random Forest and Gradient Boosted Trees is required, along with familiarity with Model Risk Management functions and SR 11-7. The role demands the ability to delve into complex technical topics, understand modeling and algorithms, and be proficient in Python and SQL. Strong analytical skills, attention to detail, and the ability to document and present findings to diverse audiences are essential, as is a proactive and driven attitude suitable for a fast-paced environment.

Responsibilities

The Senior Model Risk Analyst will review and validate statistical/machine learning models across various business areas including Credit Risk, Fraud, Marketing, and Operations. Responsibilities include challenging model methodology, data processes, and outcome analysis to identify gaps and enhance model performance. The analyst will actively research new tools and techniques for model development and validation, and collaborate with teams such as Decision Science and Credit Risk throughout the model validation process.

Skills

Model Risk Management

Statistical Models

Machine Learning Models

Credit Risk

Fraud Detection

Model Validation

Risk Assessment

Model Development

Model Performance

Regulatory Standards

Upgrade

Provides loans, credit cards, and rewards

About Upgrade

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordability and user-friendly features, attracting customers looking for flexible credit solutions. The company's goal is to promote responsible financial behavior and long-term financial health through accessible credit options.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$532.1MTotal Funding

SERIES_FCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Parental Leave

Health & wellness initiatives

Risks

Expansion into auto loans increases exposure to credit risk.

Crowded BNPL market may pressure margins for Uplift acquisition.

Investment in new office space may strain resources if growth falters.

Differentiation

Upgrade offers a unique blend of credit and banking products.

The Secured OneCard targets consumers with little or no credit history.

Partnership with FairPlay enhances fairness in lending practices.

Upsides

Expansion into auto loans diversifies Upgrade's product offerings.

Acquisition of Uplift strengthens Upgrade's position in travel financing.

Partnership with Finturf enhances home improvement financing options.

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