What are the responsibilities and job description for the Head of Responsible AI position at LexisNexis Risk Solutions?
About The Business
LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Business Services vertical, we offer a multitude of solutions focused on helping businesses of all sizes drive higher revenue growth, maximize operational efficiencies, and improve customer experience. Our solutions help our customers solve difficult problems in the areas of Anti-Money Laundering/Counter Terrorist Financing, Identity Authentication & Verification, Fraud and Credit Risk mitigation and Customer Data Management. You can learn more about LexisNexis Risk at the link below, https://risk.lexisnexis.com
About The Role
We are seeking a highly experienced and strategic leader to join our Data Science Team as the Head of Governance and Responsible AI. In this role, you will lead a team responsible for overseeing the development, implementation, enhancement, and governance of models used for a variety of financial services products and services, but primarily credit risk assessment, fraud analytics, and financial crime compliance applications. You will ensure that our models are robust, compliant with regulatory requirements, and aligned with the company's risk management framework, including model certification. You will also be responsible for customer engagement on governance and Responsible AI topics. This position reports to Global Head of Data Science.
Candidate can be hybrid from one of our offices or remote in the US.
Responsibilities
We know that your wellbeing and happiness are key to a long and successful career. These are some of the benefits we are delighted to offer:
Anticipated posting close date 06/01/2025
The salary range provided in this posting is the base salary range for Minnesota, Hawaii, and Colorado: $153,600 – 285,200 USD
The salary range provided in this posting is the base salary range for Illinois, Maryland and Washington: $161,200 – 299,500 USD
The salary range provided in this posting is the base salary range for California and Washington DC: $176,600 – 327,900 USD
The salary range provided in this posting is the base salary range for New York and New Jersey: $168,900 – 313,700 USD
The salary range provided in this posting is the base salary range for Minnesota:$153,600.00 - $285,200.00
At LexisNexis Risk Solutions, having diverse employees with different perspectives is key to creating innovative new products for our global customers. We have 30 diversity employee networks globally and prioritize inclusive leadership and equitable processes as part of our culture. Our aim is for every employee to be the best version of themselves. We would actively welcome applications from candidates of diverse backgrounds and underrepresented groups.
We are an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. We are committed to providing a fair and accessible hiring process. If you have a disability or other need that requires accommodation or adjustment, please let us know by completing our Applicant Request Support Form: https://forms.office.com/r/eVgFxjLmAK , or please contact 1-855-833-5120.
Please read our Candidate Privacy Policy.
LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Business Services vertical, we offer a multitude of solutions focused on helping businesses of all sizes drive higher revenue growth, maximize operational efficiencies, and improve customer experience. Our solutions help our customers solve difficult problems in the areas of Anti-Money Laundering/Counter Terrorist Financing, Identity Authentication & Verification, Fraud and Credit Risk mitigation and Customer Data Management. You can learn more about LexisNexis Risk at the link below, https://risk.lexisnexis.com
About The Role
We are seeking a highly experienced and strategic leader to join our Data Science Team as the Head of Governance and Responsible AI. In this role, you will lead a team responsible for overseeing the development, implementation, enhancement, and governance of models used for a variety of financial services products and services, but primarily credit risk assessment, fraud analytics, and financial crime compliance applications. You will ensure that our models are robust, compliant with regulatory requirements, and aligned with the company's risk management framework, including model certification. You will also be responsible for customer engagement on governance and Responsible AI topics. This position reports to Global Head of Data Science.
Candidate can be hybrid from one of our offices or remote in the US.
Responsibilities
- Lead the Governance function and Responsible AI functions and team, including the development and implementation of model risk policies and procedures. Enhance these functions.
- Oversee the validation, monitoring, and performance assessment of credit risk and fraud detection models.
- Ensure compliance with regulatory requirements and internal risk management standards. and the RELX Responsible AI Principles.
- Collaborate with cross-functional teams, including data science, product, market planning, technology and legal and compliance. Be the first reviewer voice prior to formal legal and compliance review.
- Provide strategic direction and guidance on model development, validation, and risk mitigation across the product workflow from ideation, operationalization, build, validation, and GTM delivery.
- Develop and maintain a comprehensive model inventory and documentation.
- Conduct quarterly reviews and audits of models to identify and address potential risks.
- Lead a team of model risk management professionals, providing mentorship and development opportunities.
- Stay current with industry trends, regulatory changes, and best practices in model risk management.
- Awareness of data science methods and techniques, though not necessarily in expert in their use.
- Extensive experience in model risk management, particularly in the areas of credit risk and fraud detection.
- Strong knowledge of regulatory requirements and industry standards related to model risk management, especially FCRA, ECOA, GLB, EU-AI Act, GDPR. Ability to scale up to support other global regulations
- Proven track record of leading and managing high-performing teams.
- Excellent problem-solving, and decision-making skills.
- Strong communication and interpersonal skills, with the ability to collaborate effectively with internal/external stakeholders including customers and regulators at all levels.
- Experience in the financial services industry, particularly in credit risk and fraud detection.
- Experience working with data scientists, customers and regulators
- Knowledge of machine learning and advanced analytics techniques.
- Certification in model risk management or related areas.
We know that your wellbeing and happiness are key to a long and successful career. These are some of the benefits we are delighted to offer:
- Health Benefits: Comprehensive, multi-carrier program for medical, dental and vision benefits
- Retirement Benefits: 401(k) with match and an Employee Share Purchase Plan
- Wellbeing: Wellness platform with incentives, Headspace app subscription, Employee Assistance and Time-off Programs
- Short-and-Long Term Disability, Life and Accidental Death Insurance, Critical Illness, and Hospital Indemnity
- Family Benefits, including bonding and family care leaves, adoption and surrogacy benefits
- Health Savings, Health Care, Dependent Care and Commuter Spending Accounts
- In addition to annual Paid Time Off, we offer up to two days of paid leave each to participate in Employee Resource Groups and to volunteer with your charity of choice
Anticipated posting close date 06/01/2025
The salary range provided in this posting is the base salary range for Minnesota, Hawaii, and Colorado: $153,600 – 285,200 USD
The salary range provided in this posting is the base salary range for Illinois, Maryland and Washington: $161,200 – 299,500 USD
The salary range provided in this posting is the base salary range for California and Washington DC: $176,600 – 327,900 USD
The salary range provided in this posting is the base salary range for New York and New Jersey: $168,900 – 313,700 USD
The salary range provided in this posting is the base salary range for Minnesota:$153,600.00 - $285,200.00
At LexisNexis Risk Solutions, having diverse employees with different perspectives is key to creating innovative new products for our global customers. We have 30 diversity employee networks globally and prioritize inclusive leadership and equitable processes as part of our culture. Our aim is for every employee to be the best version of themselves. We would actively welcome applications from candidates of diverse backgrounds and underrepresented groups.
We are an equal opportunity employer: qualified applicants are considered for and treated during employment without regard to race, color, creed, religion, sex, national origin, citizenship status, disability status, protected veteran status, age, marital status, sexual orientation, gender identity, genetic information, or any other characteristic protected by law. We are committed to providing a fair and accessible hiring process. If you have a disability or other need that requires accommodation or adjustment, please let us know by completing our Applicant Request Support Form: https://forms.office.com/r/eVgFxjLmAK , or please contact 1-855-833-5120.
Please read our Candidate Privacy Policy.
Salary : $153,600 - $285,200
