Lead Model Developer

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Job Summary

The Lead Model Developer will work within the Model Center of Excellence (COE), which is primarily tasked with the development of quantitative models that are essential for supporting Treasury, Capital and other Regulatory risk management. This role will be responsible for the complete development and maintenance of new Treasury and Capital specific quantitative models and the expansion of existing models currently in use that meet the requirements set forth by subject matter experts and model owners. The Lead Developer will oversee model documentation, validation, and back-testing in partnership with Model Risk Management. This role will require a broad business perspective, advanced modeling experience, and the ability to communicate complex technical concepts to non-technical audiences.

 

Essential Job Functions

• Design and build quantitative and qualitative models that support Treasury (liquidity management, interest rate risk, product behavioral profiles, liability pricing) and Capital Stress Testing models, for all required business entities. - (20%)

• Execute complex statistical and non-statistical financial models that align with business objectives and meet regulatory and control standards. Analyze inputs, processing, and outputs to derive useful insights for senior leadership. Anticipate needed adjustments, develop solutions, and defend recommendations. - (20%)

• Maintain comprehensive model documentation and operational processes, procedures, and controls. Perform and/or review model monitoring, maintenance, and any required remediation activities. Proactively optimize model execution processes, controls, and derived insights. - (20%)

• Ensure that model Monitoring and Maintenance (M&M) standards are executed through oversight of M&M task lists and leveraging Archer for Model Risk Management (MRM) framework tasks. Provide effective challenge in design and implementation efforts to ensure models meet the needs of multiple users making decisions based on the final reporting and summary statements. - (20%)

• Engage with FDIC regulators, MRM, and Audit to review and address inquiries on model documentation, M&M standards, and execution. - (10%)

• Effectively communicate model purpose, design, execution, and adjustments to a broad stakeholder group (Treasury, Capital Planning, MRM, etc.). - (10%)

Minimum Qualifications

• Bachelor’s Degree in Finance, Economics, Business, Statistics.

• 8+ years of experience in Model Development, Model Documentation, Engagement with Regulators and Audit, Partnership with a diverse set of partners.

Preferred Qualifications

• Master’s Degree in Finance, Economics, Business, Statistics.

• 10+ years of experience in model-related fields (financial, statistical, operational, risk modeling).

Skills

• Financial Econometrics

• Linear Regressions

• Logistic Regression Models

• Written Communication

• Financial Modeling in Excel

• Relationship Management

• Critical Thinking

• Python for Data Analysis

• Pandas Python Library

• PySpark

Reports To: Senior Manager and above

Direct Reports: 0

Work Environment

• Normal office environment. (Remote or Hybrid), 3 to 4 days per month are required in office if within 60 miles of a posted Bread Financial location.

Travel

• Ability to travel up to 10% annually

Physical and Mental Requirements

To perform this job successfully, an individual must be able to perform each essential job function satisfactorily and meet the physical, mental and work environment requirements. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions, absent undue hardship.

• Communicate/Hearing

• Communicate/Talking

• Stationary Position/Seated

• Typing/Writing

• Maintain focus in high pressure or fast-paced work environment

Other Duties

This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.

Salary Range (unless otherwise noted below):

$120,500.00 - $218,300.00

Full Salary Range for position:

California: $138,600.00 - $272,900.00

Colorado: $120,500.00 - $229,200.00

New York: $132,500.00 - $272,900.00

Washington: $126,500.00 - $251,100.00

Maryland: $126,500.00 - $240,200.00

Washington DC: $138,600.00 - $251,100.00

Illinois: $120,500.00 - $240,200.00

New Jersey: $138,600.00 - $251,100.00

Vermont: $120,500.00 - $218,300.00

Ohio: $120,500.00 - $218,300.00

The actual base pay within this range may be dependent upon many factors, which may include, but are not limited to, work location, education, experience, and skills.

Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses/domestic partners, and child(ren) under the age of 26.  New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period).  Six weeks of 100% paid parental leave for eligible parents is available after a 180-day waiting period.   Hired associates can immediately enroll in Bread Financial’s 401(k) plan.

All associates receive 11 paid holidays. Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off. Associates (except those located in Illinois) receive 80 hours of Paid Sick and Safe Time (“PSST”) upon hire and at the beginning of each subsequent calendar year. Illinois associates receive 40 hours of Illinois PSST upon hire and at the beginning of each subsequent calendar year and 40 hours of Illinois Paid Leave upon hire and at the beginning of each subsequent calendar year. Illinois Paid Leave must be used before associates in Illinois will be approved to take FTO.

Hired associates will be able to elect the purchase company stock during offering periods in June and December. You will be eligible for an annual incentive bonus based on individual and company performance.

Click here for more Benefits information.

About Bread Financial®

• Bread Financial offers competitive pay, a comprehensive selection of benefit options including 401(k).
• The Company is an Equal Opportunity Employer.
• Any applicant offered employment will be required to establish that they are legally authorized to work in the United States for the Company.
• The Company participates in E-Verify.
• The Company will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.  Applicants with criminal histories are encouraged to apply.
• The Company complies with the Americans with Disabilities Act (ADA), as amended, and all applicable state/local laws.  The Company will provide accommodations to applicants needing accommodations to complete the application process. Applicants with disabilities may contact the Company to request and arrange for accommodations.  If you need assistance to accommodate a disability, you may request an accommodation at any time.  Please contact the Recruiting Team at TaOps@breadfinancial.com.

Job Family:

Finance & Accounting

Job Type:

Regular