Manager, Model Validation at Sallie Mae – Newark, DE

Manager, Model Validation – 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 journey, plan their higher education, successfully finish, and prepare for life after school. We’re changing because students deserve a better way.

We’re looking for people who are excited to drive this transformation, break barriers, and create better experiences for students—and for each other. We value diverse backgrounds, beliefs, and perspectives and encourage you to bring your authentic self to work.

Our benefits support the whole you—from physical and mental health to financial and professional growth. You’ll have opportunities to further your education and career, support for you and your family (including pets), paid time off to volunteer, and more. We’re focused on impact, relationships, continual learning, and tackling challenges with curiosity.

Come do more than join something—help change something for students, for future generations, and 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 regulatory compliance 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 ensure models align with organizational objectives.
• Conduct periodic model risk assessments, including 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 describes the general nature and level of work performed by employees in this role and is not a comprehensive inventory of duties, responsibilities, and qualifications.

• 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, with experience in statistical packages.
• Excellent analytical and problem-solving skills with the ability to evaluate complex financial models and identify risks.
• Strong leadership and team management abilities with a track record of developing teams.
• Exceptional written and verbal communication skills with the ability to present complex information clearly.

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

The Americans with Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for expertise in performing the function, or only a limited number of employees are available to perform that function.

Our benefits take care of the whole you—so you can build your work around your life (not the other way around!).

• Generous PTO, floating holidays, and 12 federal holidays observed.
• 401(k) with employer match and financial-well-being support.
• Comprehensive medical, dental, vision, and additional coverages.
• Employer-paid short-term/long-term disability and basic life insurance.
• Flexible hybrid working arrangements.
• Paid parental leave and adoption reimbursement.
• O…