Manager, Model Validation at Sallie Mae – Newark, DE

Manager, Model Validation at Sallie Mae – Newark, DE, United States

When you join Sallie Mae, you become a champion for all students.

We’re on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We’re changing. Because students need a better way.

We’re looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students—and for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It’s where you’re empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole you—from physical and mental to financial and professional. You’ll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We’re obsessed with impact and making a real difference. For us, that means putting relationships first, asking “why not?” when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

The Manager, Model Risk will be responsible for ensuring the accuracy, integrity, and compliance of our organization’s financial models and risk assessment tools.

• May manage a Model Risk team and provide guidance, support, and mentorship to team members.
• Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
• Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
• Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
• Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
• Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
• Prepare and present reports on model risk to senior management and regulatory bodies.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

Minimum:
Indicate minimum education, skills and experience required.

• Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
• Familiarity with regulatory requirements and the ability to interpret and implement them.
• Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
• Excellent analytical and problem‑solving skills, with the ability to evaluate complex financial models and identify potential risks.
• Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
• Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred:
Indicate “nice to haves” regarding education, skills, and experience.

• Bachelor’s degree in finance, mathematics, statistics, economics, or a related field.
• 5 years of experience in model risk management, financial modeling, or a related field within the financial services industry.

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment…