Model Controls Analyst
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Wilmington, DE 19893
Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 305 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
+ Independently manage the new model governance process for all models spanning across the credit lifecycle used in Global Credit Risk business per the enterprise wide Model Risk Management standards
+ Act as a primary liaison between model developers, Second Line of Defense teams (within PayPal) and model owners to guide the model approval process and also be able to explain the model construct and answer questions arising out of model reviews
+ Work closely with model developers to ensure that models are developed and documented per the Regulatory guidelines related to not just Model Risk Management (MRM, Legal, Compliance and Fair Lending) but also other Consumer Protection and Fair Lending laws across the US as well as other countries
+ Present the model design and documentation to Second Line of Defense teams (including Legal, Compliance and Fair Lending) at partner banks as applicable and respond to any questions during the approval process about the model
+ Demonstrate a good understanding of advanced statistical techniques used for model development including numerous Machine Learning algorithms
+ Effectively communicate and coordinate between all stakeholders in the model governance process to ensure timely approval and review of models used by the Business
+ Interface with all levels of management to present model approval status including model developers, model owners / users, partner banks, model oversight teams as well as senior management in various forums
+ Collaborate with peers in the ongoing monitoring activities to help drive insights from regular model performance tracking and validation reports
+ Bachelor’s / Master’s degree in quantitative area strongly preferred – including mathematics, statistics, engineering, computer science, economics or finance
+ 4+ years’ experience in model development or model validation / model risk management in consumer and/or business financing credit risk
+ Excellent written and oral communication skills as well as interpersonal skills
We’re a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at firstname.lastname@example.org.