What are the responsibilities and job description for the Manager, Quantitative Strategy Group position at Cross River?
About Us
Cross River is a highly profitable and fast-growing financial technology company that powers the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products delivers financial services to millions of businesses and consumers worldwide.
Mission Statement
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services.
Job Description
The Quantitative Strategies Group (QSG) is a front office quant organization responsible for researching and developing cutting-edge mathematical models, tools, and strategies. We're seeking a mature, organized, and self-driven individual to lead our Business Risk Unit as the Model Owner of all models built within QSG.
Responsibilities
- Work closely with model developers and model owners to ensure all models comply with regulatory requirements.
- Author high-quality model documentation and design monitoring plans to maintain model inventory and calendar for compliance activities.
- Serve as the primary touchpoint for Model Risk Management and lead communications for the Quant group.
- Formulate common understanding and interpretation of regulatory guidance with MRM.
- Act as primary touchpoint for Credit Risk Organization, Financial Governance, Internal Audit, and External Audit functions.
Requirements
- PhD/Master's Degree in Statistics, Mathematics, Operations Research, Physics, or a quantitative science.
- Minimum 5 years of experience in Model Development or Model Validation with front office experience.
- Broad knowledge of relevant Modeling frameworks and standards.
- Strong project management/organizational skills and risk/control mindset.
Culture
Our nimble and collaborative family culture lives in every member of our growing team. We value passion, collaboration, and motivated high performers.
