Model Risk Management (Artificial Intelligence) - Senior Manager

$117,620 - $197,580/Yr

Jobs For Humanity - Houston, TX

Full-time - Senior

Onsite - Houston, TX

Administrative and Support Services

About the position

As a valued member of our Enterprise Risk Team, you will be responsible for the execution of a global model risk management (MRM) program ensuring lines of business comply with corporate policies and regulatory guidance for proper model risk management and governance. This role is critical as it involves leading dynamic AI and GenAI model risk and control environment assessments, evaluating model performance, developing internal and external reporting, documenting and monitoring model risk issues and remediation, and guiding businesses on opportunities to align model risk functions with industry best practices. The Enterprise Risk Management organization is responsible for governance and oversight of global operational and strategic risk management for all FIS products and services. The Model Risk Management team, within Enterprise Risk, focuses on managing FinTech model risk across a dynamic ecosystem of banking, payments, wealth, trading, treasury, and risk businesses; ensuring model environments are sound, secure, controlled, and in compliance with corporate model risk practices and standards. In this role, you will support the development of AI and GenAI model risk frameworks for second line of defense oversight and governance. You will partner with risk and compliance practitioners to enhance and mature existing model risk management routines and framework. Additionally, you will conduct control testing examinations to ensure compliance with GenAI, Model, and Data Classification/Handling policies, and support other model risk management activities, exams, and process improvements, including AML monitoring, fraud risk, trading, and sanction screening tools and solutions.

Responsibilities

• Support development of AI and GenAI model risk frameworks for second line of defense oversight and governance.
• Partner with risk and compliance practitioners to enhance and mature existing model risk management routines and framework.
• Conduct control testing examinations to ensure compliance with GenAI, Model, and Data Classification/Handling policies.
• Support other model risk management activities, exams, and process improvements, including AML monitoring, fraud risk, trading, and sanction screening tools and solutions.
• Develop look-back testing routines to ensure businesses maintain consistency and compliance with approved GenAI use case, scope, purpose, and data use.
• Analyze and evaluate effectiveness of business monitoring processes that ensure AI generation and output are fit for purpose, accurate, and void of bias or defects.
• Collaborate with business owners to foster and mature AI model risk governance practices across the enterprise.
• Manage enterprise inventory of AI models, owners, and vendors.
• Develop executive level reporting on AI model governance for leadership and board updates.
• Support third-party risk management initiatives regarding AI use and data protection.
• Stay current on AI developments, trends, and regulations.
• Serve as the primary subject matter expert for enterprise model risk management standards, program governance and framework.
• Facilitate model risk management committee and outreach initiatives.
• Develop key metrics reporting for business stakeholders and executive leadership.
• Provide on demand support during the regulatory exams on model risk management and periodic reviews performed by the Internal Audit.

Requirements

• Minimum of five years of experience building, testing, implementing, or validating models in a financial services technology, banking, payments, merchant/acquiring, audit/consulting, business software, retail or online services company.
• Experience with general Risk Management concepts and validation techniques used in model risk management.
• Highly analytical with ability to self-learn and effectively challenge processes and procedures.
• Ability to communicate and document findings, observations, and risk issues for executive level reporting.
• Ability to interpret technical documents and evaluate for accuracy and completeness.
• Ability to carry out Program objectives, improve existing processes, and represent a global risk function.
• Ability to think critically and work independently on highly visible products.
• Self-motivated with ability to engage business stakeholders and embed risk and compliance disciplines into business operations.
• Strong written, verbal, analytical, and organizational skills.
• Able to work autonomously to set priorities and manage multiple tasks across various timelines.
• Advanced understanding of applicable regulatory rules, guidance, or supervisory letters.

Nice-to-haves

• Bachelor's Degree in Mathematics, Finance, Statistics or Business.

Benefits

• A voice in the future of fintech
• Always-on learning and development
• Collaborative work environment
• Opportunities to give back
• Competitive compensation package with a salary range of $117,620.00 - $197,580.00 based on experience and location.