Manager, Model Risk Management

Description

Objectives of the job

As Manager, Global Risk –Model Risk Management within our Global Risk organization, you will drive execution on key model risk management workstreams, ensuring effective oversight and being involved in all stages of model development, review, validation and performance monitoring, as well as contributing to building sound risk culture within the Bank.

Deliverables and key activities

Key activities of the role include :

Ensure implementation of the Bank’s Model Risk Management framework and policy, establishing sound governance processes andoversight of all processes related to development, implementation and review of models. Credit models, stress testing models, and other models will be covered by the role.

Serve as second line oversight function, maintain active involvement at all stages of model design, implementation, validation and ongoing monitoring ensuring active challenge of model design and assumptions

Work closely with local ang global stkeholders to ensure compliance of model management with EU and Luxembourg retgulatory requirements

Participate in PPEU governance forums, providign updates related to model lifecycle

Maintain model risk inventory for the entity, ensure validation in line with model risk ratings and remediation of any model-related findings or improvements

In addition to model-related responsibilities, the role will support definition of stress testing assumptions for PPEU and enterprise stress tests as well as execution of stress testing program

Requirements

5-7 years in a similar position in a regulated entity or consultancy

Strong knowledge of credit models and experience with model design or validation

FRM or similar professional certification is a strong plus

Strong knowledge of EU and local Luxembourg regulations

Ability to work in a dynamic work environment, prioritize tasks and establish strong working relationships with a variety of stakeholders

Preferred Qualification :

Subsidiary :

PayPal

Travel Percent :

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits :

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit .

Who We Are :

to learn more about our culture and community.

Commitment to Diversity and Inclusion

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 .

Belonging at PayPal :

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please .

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.