Senior Manager, Model Risk

1 week ago

Bengaluru, Karnataka, India Toast Full time

Toast Company and the Risk and Compliance Management role

Toast is dedicated to developing a comprehensive restaurant platform that assists restaurants in managing their operations, boosting sales, engaging customers, and ensuring employee satisfaction.

The enterprise risk and compliance management program at Toast is designed to identify, assess, monitor, and mitigate risks across the company, fostering innovation and delivering high-quality products and solutions to meet customer needs.

Toast, Inc. is in search of an experienced professional specialized in model risk to oversee the model risk management program, ensuring that the predictive, statistical, financial, and other machine learning models employed by Toast are properly validated, utilized, and compliant with internal regulations.

About this Role (Responsibilities)

  • Design, implement, and oversee the second line model risk program focusing on critical models used by Toast.
  • Create and manage governance documentation for the model risk program, including frameworks, policies, procedures, and best practices.
  • Define and enforce key model requirements and standards for development, implementation, validation, governance, and controls.
  • Establish a comprehensive inventory of model risks and associated information.
  • Conduct regular risk-based validations and monitor remediation plans for identified model risks.
  • Collaborate with various teams to challenge, validate, and enforce model governance effectively.
  • Report model risk management issues to leadership and relevant committees.
  • Keep abreast of industry trends and enhance the model risk management program continuously.

Do you have the right ingredients? (Requirements)

  • Advanced degree in quantitative fields like Data Science, Statistics, Mathematics, or Financial Engineering.
  • Minimum of eight years of experience in model risk and data science within fintech, banking, or technology sectors focusing on credit risk and financial models.
  • Proficiency in machine learning, AI, and statistical modeling.
  • Strong skills in Python, SQL, and data science tools such as Spark, Scala, TensorFlow, etc.
  • Familiarity with software engineering practices and tools including object-oriented programming, CI/CD, git, and AWS.
  • In-depth knowledge of model risk management frameworks and practices.
  • Ability to understand business challenges, challenge methodologies, and communicate complex information effectively.
  • Strong critical thinking, decision-making, problem-solving, and communication skills.
  • Experience in leadership and mentoring.

We are Toasters

Toast values Diversity, Equity, and Inclusion as part of its recipe for success. The company celebrates and values its diverse workforce, believing that inclusivity, respect, and humility are key to achieving its objectives.

By integrating inclusive principles and diversity into its operations, Toast ensures equal opportunities for all employees and strengthens its position as a leader in the industry.

Ready to make a change? Join us today

Toast is committed to an accessible and inclusive hiring process, providing reasonable accommodations for candidates with disabilities. If you require assistance during the application or interview process, please reach out to us.

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