Lead Data Scientist, Model Validation

About the role

Our Enterprise Risk Management team is looking for a subject matter authority within the model risk and validation space. The role requires a sharp analytical problem solver who's adept at credit and fraud model risk management. You will provide model risk management and validation expertise related to financial crime, fraud, and credit models. You will coordinate model risk management of various models used to manage credit and fraud risk at Chime and work with our bank partners and internal teams to develop our modeling controls. There will be a particular focus on the validation and monitoring of model performance of models critical to the delivery of our products.

Our Lead Data Analyst, Model Validation will be a self-starter, change agent, and outstanding problem solver with a proven track record of driving model governance and validation activities for large FinTechs or financial institutions.

The base salary offered for this role and level of experience will begin at $149,300.00 and up to $207,300.00. Full-time employees are also eligible for a bonus, competitive equity package, and benefits. The actual base salary offered may be higher, depending on your location, skills, qualifications, and experience.

In this role, you can expect to 

• Provide input on governance standards for all models in use at Chime, leading to more optimal use of models, and increased confidence in model outcomes.
• Interact with bank and regulatory partners in all areas related to model validation and monitoring of model performance.
• Provide clear and insightful analysis, feedback and critique of models by way of written and/or oral reports to business units and senior management.
• Lead independent validations of models in use at Chime in line with OCC 2011-12
• Maintain effective relationships and act as liaison with model developers, owners, governance partners, banks, and external auditors
• Continually improve and enhance controls over credit, FinCrime, and fraud models to promote alignment with industry standard processes.

To thrive in this role, you have 

• A quantitative degree in a field like Statistics, Economics, or Mathematics - advanced degrees preferred
• 5+ years in program/project management and oversight role
• 6+ years experience in quantitative modeling of credit risk; fraud risk; and/or model risk management in a financial institution
• Experience creating, adjusting, validating, testing, monitoring and documenting quantitative models
• Deep understanding of regulatory expectations as they relate to OCC 2011-12, FRB SR 11-7, FRB SR 15-18, model risk management standards and best practices.
• Experience working directly with regulators and preparing material designed to report to the Board and regulators.
• Ability to condense highly technical subject matter into clear, effective presentation-quality communications to senior management
• Resilient mindset, strong sense of ownership and an ability to work autonomously in the face of ambiguity

A little about us

At Chime, we believe that everyone can achieve financial progress. We’re passionate about developing solutions and services to empower people to succeed. Every day, we start with empathy for our members and stay motivated by our desire to support them in ways that make a meaningful difference. 

We created Chime—a financial technology company, not a bank*-- founded on the premise that basic banking services should be helpful, transparent, and fair. Chime helps unlock the access and ability our members need to overcome the systemic barriers that block them from moving forward. By providing members with access to liquidity, rewards, and credit building, our easy-to-use tools and intuitive platforms give members the ability to have more control over their money and to take action toward achieving their financial ambitions.

So far, we’re well-loved by our members and proud to have helped millions of people unlock financial progress, whether they started a savings account, bought their first car or home, opened a business, or went to college. Every day, we’re inspired by our members’ dreams and successes, big and small. 

We’re uniting everyday people to unlock their financial progress—will you join us? 

*Chime partners with The Bancorp Bank and Stride Bank, N.A., Members FDIC, that power the bank accounts used by Chime Members.

What we offer

• 🏢 A thoughtful hybrid work policy that combines in-office days and trips to team and company-wide events depending on location to ensure you stay connected to your work and teammates, whether you’re local to one of our offices or remote
• 💻 Hybrid work perks, like UrbanSitter and Kinside for backup child, elder and/or pet care, as well as a subsidized commuter benefit
• 💰 Competitive salary based on experience
• ✨ 401k match plus great medical, dental, vision, life, and disability benefits
• 🏝 Generous vacation policy and company-wide Take Care of Yourself Days 
• 🫂 1% of your time off to support local community organizations of your choice
• 🧠 Mental health support with therapy and coaching through Modern Health
• 👶 16 weeks of paid parental leave for all parents and an additional 6-8 weeks for birthing parents
• 👪 Access to Maven, a family planning tool, with up to $10k in reimbursement for egg freezing, fertility treatments, adoption, and more.
• 🎉 In-person and virtual events to connect with your fellow Chimers—think cooking classes, guided meditations, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!
• 💚 A challenging and fulfilling opportunity to join one of the most experienced teams in FinTech and help millions unlock financial progress

We know that great work can’t be done without a diverse team and inclusive environment. That’s why we specifically look for individuals of varying strengths, skills, backgrounds, and ideas to join our team. We believe this gives us a competitive advantage to better serve our members and helps us all grow as Chimers and individuals.

We hire candidates of any race, color, ancestry, religion, sex, national origin, sexual orientation, gender identity, age, marital or family status, disability, Veteran status, and any other status. Chime is proud to be an Equal Opportunity Employer and will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance, Cook County Ordinance, and consistent with Canadian provincial and federal laws. If you have a disability or special need that requires accommodation, please let us know. 

To learn more about how Chime collects and uses your personal information during the application process, please see the Chime Applicant Privacy Notice. 

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