About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
Director, Credit Risk Oversight
Wilmington, DE · On-site
$125K - $150K/yr
About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
Quick apply
Director, Credit Risk Oversight
Wilmington, DE · On-site
$125K - $150K/yr
About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
Director, Credit Risk Oversight
Wilmington, DE · On-site
$125K - $150K/yr
About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
Director, Credit Risk Oversight
Wilmington, DE · On-site
$125K - $150K/yr
About the Role We are seeking an experienced Director of Credit Risk Oversight to join our Second ... Assess the effectiveness of governance for strategy approval, documentation, implementation, and ...
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Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
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Influence cross-functional stakeholders and drive alignment without direct authority. * Manage ... Navigate governance requirements tied to audit, regulatory reviews, model risk management, and ...
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... risk management, and transformation progress. As an Executive Director in our Testing Center of ... Define and lead enterprise KPI/KRI strategy, metric governance, scorecard frameworks, and ...
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You will partner directly with Technology, Data, Risk Management, and Governance teams to build scalable, production‑grade AI solutions while ensuring full compliance with firm standards for model ...
... risk management, and transformation progress. As an Executive Director in our Testing Center of ... Define and lead enterprise KPI/KRI strategy, metric governance, scorecard frameworks, and ...
... risk management, and transformation progress. As an Executive Director in our Testing Center of ... Define and lead enterprise KPI/KRI strategy, metric governance, scorecard frameworks, and ...
You will partner directly with Technology, Data, Risk Management, and Governance teams to build scalable, production-grade AI solutions while ensuring full compliance with firm standards for model ...
You will partner directly with Technology, Data, Risk Management, and Governance teams to build scalable, production-grade AI solutions while ensuring full compliance with firm standards for model ...
Director Model Risk Governance information
What is a director model risk governance?
Director Model Risk Governance roles are senior positions responsible for overseeing and managing the risks associated with financial and predictive models within an organization. These professionals establish and implement model risk management frameworks, ensure compliance with regulatory requirements, and oversee model validation processes. They collaborate with model developers, validators, and business units to identify, assess, and mitigate model risks, as well as report on governance effectiveness to senior management. Their work is crucial in maintaining the reliability and integrity of models used for decision-making and regulatory reporting.
What are the key skills and qualifications needed to thrive as a director model risk governance?
To thrive as a Director of Model Risk Governance, you need deep expertise in quantitative finance, risk management, and model validation, often backed by an advanced degree in a quantitative field and relevant industry experience. Familiarity with risk management frameworks, regulatory standards (e.g., SR 11-7), and proficiency in analytical tools like Python, R, or SAS are typically required. Exceptional leadership, communication, and critical thinking skills help you effectively oversee teams and coordinate with stakeholders across the organization. These competencies are vital to ensure robust model governance, regulatory compliance, and informed risk-based decision-making at the enterprise level.
What are some common challenges faced by a director model risk governance, and how can they be addressed?
A Director of Model Risk Governance often encounters challenges such as ensuring consistent model validation across diverse business units, keeping up with evolving regulatory requirements, and fostering effective communication between model owners, validators, and senior management. Addressing these challenges typically involves establishing robust model risk frameworks, maintaining clear documentation, and promoting a culture of transparency and collaboration. Regular training sessions and open forums can help bridge knowledge gaps, while leveraging technology can streamline model inventory and validation processes.
What is the difference between Director Model Risk Governance vs Model Risk Analyst?
| Aspect | Director Model Risk Governance | Model Risk Analyst |
|---|---|---|
| Credentials | Advanced degrees (e.g., Master’s, PhD), professional certifications (e.g., FRM, CFA) | Bachelor’s or Master’s degree, relevant certifications |
| Work Environment | Strategic oversight, policy development, senior stakeholder engagement | Data analysis, model validation, risk assessment |
| Employer & Industry Usage | Financial institutions, banks, asset managers | Financial institutions, risk management teams |
| Search & Comparison Intent | Understanding leadership roles in model risk governance | Entry to mid-level model risk roles, analysis tasks |
The main difference is that the Director Model Risk Governance focuses on strategic oversight, policy setting, and managing model risk at a senior level, while the Model Risk Analyst handles technical validation, data analysis, and risk assessment tasks. The director role involves leadership and decision-making, whereas the analyst role is more technical and operational.
What are popular job titles related to Director Model Risk Governance jobs in Delaware?
For Director Model Risk Governance jobs in Delaware, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Governance jobs in Delaware look for?
The top searched job categories for Director Model Risk Governance jobs in Delaware are:
What cities in Delaware are hiring for Director Model Risk Governance jobs?
Cities in Delaware with the most Director Model Risk Governance job openings:
Director, Credit Risk Oversight
Wilmington, DE • On-site
Best Egg
• Finance and Insurance • 501 - 1,000 employees501 - 1,000 employees
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 10 days ago
Job description
Best Egg, now part of Barclays, is a market-leading, tech-enabled financial platform helping people build financial confidence through innovative lending solutions and financial health tools. As a Barclays company, we combine the agility and customer focus of a fintech with the global reach, stability, and purpose of a leading financial institution-working together to create a better financial future for our customers and communities.
At Best Egg, you'll find a culture grounded in our core values-putting people first, creating clarity, delivering with excellence -enhanced by Barclays' commitment to integrity, inclusion, and long-term impact. Together, we empower our colleagues to challenge, innovate, and take ownership while making a meaningful difference in people's financial lives.
With the strength of Barclays behind us, we offer expanded opportunities for growth, development, and career mobility across a global organization-while continuing to build the products and experiences that make Best Egg unique.
We're looking for collaborative, curious problem-solvers who are excited to make an impact and grow with us.
We're proud to be an equal opportunity employer committed to building a diverse and inclusive team.
About the Role
We are seeking an experienced Director of Credit Risk Oversight to join our Second Line of Defense (2LoD) team supporting unsecured and secured personal lending and existing account management strategies for the credit card portfolio.
This role provides independent oversight and credible challenge of underwriting, pricing, loan amount assignment, applicant verification, and portfolio management strategies. The Director will evaluate strategy changes and portfolio performance to promote alignment with the company's risk appetite, regulatory expectations, and sound risk management practices.
Key Responsibilities
Credit Strategy Oversight and Governance
- Provide independent 2LoD oversight and credible challenge of credit underwriting, approval, pricing, loan amount, applicant verification, portfolio management strategies, and credit policies.
- Evaluate proposed credit strategy changes and exceptions, including their rationale, supporting analysis, expected outcomes, key risks, testing and monitoring plans, and alignment with risk appetite, limits, and portfolio objectives.
- Assess the effectiveness of governance for strategy approval, documentation, implementation, and post-launch monitoring, and recommend enhancements to related frameworks, policies, and limits.
- Clearly document and communicate independent assessments, challenges, and conclusions to senior management and governance forums.
- Support regulatory examinations, internal audits, and remediation related to credit strategy, governance, and portfolio performance.
Portfolio Monitoring and Risk Analytics
- Independently monitor portfolio performance across products, vintages, risk tiers, credit score bands, customer segments, channels, and other material risk dimensions.
- Identify emerging risks, performance deterioration, concentrations, and variances from approved expectations, forecasts, or risk parameters.
- Evaluate the actual and expected effects of strategy changes and growth initiatives on approvals, volume, portfolio mix, credit quality, losses, pricing, and profitability, including the adequacy of eligibility criteria, exposure limits, testing parameters, monitoring plans, and exit criteria.
- Develop independent analyses that challenge First Line of Defense monitoring, assumptions, and conclusions.
- Recommend additional analysis, escalation, or management action when portfolio performance or strategy outcomes warrant.
Risk Reporting and Escalation
- Develop and maintain independent credit risk reporting, portfolio insights, and dashboards for senior management and governance committees.
- Translate complex credit performance information into clear conclusions and recommendations regarding portfolio health, strategy effectiveness, and alignment with risk appetite.
- Escalate material credit risks, adverse performance trends, strategy concerns, limit breaches, and decision-strategy issues in a timely manner.
- Track significant credit risk matters through appropriate resolution and closure.
Qualifications
Required Experience
- 10 or more years of experience in consumer credit risk, underwriting strategy, pricing strategy, portfolio management, or credit risk oversight.
- Significant experience with unsecured and/or secured personal loan products.
- Direct experience developing or managing consumer credit strategies within the First Line of Defense, or independently overseeing and challenging those strategies within the Second Line of Defense, including underwriting, approval, pricing, loan amount, applicant verification, or portfolio management.
- Deep understanding of consumer credit risk drivers, borrower segmentation, exposure management, credit decisioning, underwriting policies, and the use of risk scores and other data within lending strategies.
- Proven ability to evaluate vintage performance, delinquency and loss trends, and portfolio profitability, and connect credit strategy decisions to portfolio outcomes.
- Experience using data-driven analysis to identify credit risk, challenge assumptions, influence decisions, and present conclusions and recommendations to senior management or governance committees.
- Experience developing or overseeing credit card existing account management strategies is preferred.
Skills and Competencies
- Advanced proficiency in SQL and/or Python, with the ability to independently source, manipulate, validate, and analyze consumer credit and portfolio performance data.
- Ability to independently develop credit risk reports, dashboards, supporting materials, and ad hoc analyses, and translate complex datasets into actionable insights and recommendations.
- Strong consumer credit risk judgment, intellectual curiosity, and the ability to provide independent, constructive challenge while distinguishing material risks from lower-impact matters.
- Advanced analytical and quantitative skills, including the ability to connect credit strategy decisions to approvals, portfolio mix, credit quality, losses, profitability, and risk appetite.
- Excellent written and verbal communication skills, including the ability to present complex credit risk matters concisely to senior stakeholders.
- Effective stakeholder management skills and the ability to influence decisions while maintaining independence.
- Strong organizational skills and the ability to manage multiple priorities in a fast-paced, data-driven environment.
$125,000 - $150,000 a year
Employee Benefits
Best Egg offers many additional benefits for our employees, including (but not limited to):
Pre-tax and post-tax retirement savings plans with a competitive company matching
program
Generous paid time-off plans including vacation, personal/sick time, paid short--
term and long-term disability leaves, paid parental leave, and paid company
holidays
Multiple health care plans to choose from, including dental and vision options
Flexible Spending Plans for Health Care, Dependent Care, and Health
Reimbursement Accounts
Company-paid benefits such as life insurance, wellness platforms, employee
assistance programs, and Health Advocate programs
Other great discounted benefits include identity theft protection, pet insurance,
fitness center reimbursements, and many more!
In compliance with the CCPA, Best Egg is fully committed to handling the personal information and data of employees and job applications responsibly with respect and due care. Review our CCPA Employee Policy here
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About Best Egg
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
501 - 1,000 Employees
Headquarters location
Wilmington, DE, US
Year founded
2013