Lead, Model Governance and Analysis

OneMain Financial • Wilmington, DE

5d

About The Position

OneMain Financial is looking for a Lead, Model Governance and Analysis to join our team is either Wilmington, DE. This is an exciting opportunity that will improve model policies and procedures and make a large impact on the business. OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain. OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we've looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. In our more than 1300 community branches and across the U.S., team members help millions of customers solve critical financial needs, including debt consolidation, home and auto repairs, medical procedures and extending household budgets. We meet customers where they want to be - in person, by phone and online. At every level, we're committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There's never been a better time to shine with OneMain.

Requirements

• Masters in a quantitative field such as Statistics, Mathematics, Data Science, Computer Science, or related quantitative field.
• Advanced knowledge of statistical and machine learning methods, techniques, formulas, and tests.
• 3 years progressive experience in consumer credit industry
• 3 years of progressive experience in Model Risk Management
• Solid knowledge of key econometric and statistical techniques (i.e., predictive modeling, various regressions, decision trees, and data mining methods).
• Strong theoretical and applied background in Machine learning models, specifically tree based models like XGBoost.
• Strong analytical, data, problem-solving and decision-making skills with high attention to detail and accuracy.
• Excellent presentation and communication skills, including technical writing abilities.
• Strong ability to communicate effectively with colleagues with varying degrees of technical analytics knowledge and experience.
• Strong problem-solving skills
• Strong idea generation and deep-thinking skills with interest in R & D
• Proficient in SAS/SQL, Python and MS office suite.

Nice To Haves

• Familiarity with Large Language Models (LLM) desired

Responsibilities

• Provide hands on model governance oversight in development of new models or modifications to existing models used across the customer credit lifecycle, i.e. marketing through servicing.
• Closely partner with data science team and provide guidance on leading model risk management practices.
• Perform independent challenges to models and identify model weaknesses and opportunities for improvement.
• Evaluate and opine of major model building milestones, including but not limited to, target construction, choice of train vs. validate time periods, sampling, performance time windows, parameter tuning routines, model metrics, variable selection and suitability, and swap set analysis.
• Build challenger models on select models as needed
• Ensure modeling specifications and constructs adhere to defined mathematical and statistical standards
• Perform model validations on a periodic basis and evaluate whether validations and other reviews performed by the model governance team, business or third parties follow the requirements set forth in the MRM Policy.
• Uses analytics, business rules, and/or other risk tools and techniques to detect model behaviors and risk factors that may indicate activity that warrants further investigation or action.
• Prepares and distributes regular MIS reporting concerning risk monitoring activities.
• Effectively communicate outcomes of model risk management.
• Conduct analytical exercises to support a strong risk management culture

Benefits

• Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances
• Up to 4% matching 401(k)
• Employee Stock Purchase Plan (10% share discount)
• Tuition reimbursement
• Paid time off (15 days vacation per year, plus 2 personal days, prorated based on start date)
• Paid sick leave as determined by state or local ordinance, prorated based on start date
• Paid holidays (7 days per year, based on start date)
• Paid volunteer time (3 days per year, prorated based on start date)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees