Model Risk Management (Artificial Intelligence) - Senior Manager
Company: Disability Solutions
Location: Jacksonville
Posted on: October 16, 2024
Job Description:
Position Type : Full time Type Of Hire : Experienced (relevant
combo of work and education) Education Desired : Bachelor's Degree
Travel Percentage : 1 - 5%Job DescriptionAs the world works and
lives faster, FIS is leading the way. Our fintech solutions touch
nearly every market, company and person on the planet. Our teams
are inclusive and diverse. Our colleagues work together and
celebrate together. If you want to advance the world of fintech,
we'd like to ask you: Are you FIS?About the role:As a valued member
of our Enterprise Risk Team, you will be responsible for execution
of a global model risk management (MRM) program ensuring lines of
business comply with corporate policies and regulatory guidance for
proper model risk management and governance.-- As part of this
critical program, you will be expected to lead dynamic AI and GenAI
model risk and control environment assessments, evaluate model
performance, develop internal and external reporting, document and
monitor model risk issues/remediation, and guide businesses on
opportunities to align model risk functions with industry best
practices.About the team:The Enterprise Risk Management
organization is responsible for governance and oversight of global
operational and strategic risk management for all FIS products and
services.-- The Model Risk Management team, within Enterprise Risk,
focuses on managing FinTech model risk across a dynamic ecosystem
of banking, payments, wealth, trading, treasury, and risk
businesses; ensuring model environments are sound, secure,
controlled, and in compliance with corporate model risk practices
and standards.What you will be doing:
- Support development of AI and GenAI model risk frameworks for
second line of defense oversight and governance.
- Partner with risk and compliance practitioners to enhance and
mature existing model risk management routines and framework.
- Conduct control testing examinations to ensure compliance with
GenAI, Model, and Data Classification/Handling policies.
- Support other model risk management activities, exams and
process improvements, including AML monitoring, fraud risk,
trading, and sanction screening tools and solutions.
- Develop look-back testing routines to ensure businesses
maintain consistency and compliance with approved GenAI use case,
scope, purpose, and data use.
- Analyze and evaluate effectiveness of business monitoring
processes that ensure AI generation and output are fit for purpose,
accurate, and void of bias or defects.
- Collaborate with business owners to foster and mature AI model
risk governance practices across the enterprise.
- Manage enterprise inventory of AI models, owners, and
vendors.
- Develop executive level reporting on AI model governance for
leadership and board updates.
- Support third-party risk management initiatives regarding AI
use and data protection.
- Stay current on AI developments, trends, and regulations.
- Serve as the primary subject matter expert for enterprise model
risk management standards, program governance and framework.
- Facilitate model risk management committee and outreach
initiatives
- Develop key metrics reporting for business stakeholders and
executive leadership
- Provide on demand support during the regulatory exams on model
risk management and periodic reviews performed by the Internal
Audit.What you will need:
- Minimum of five years of experience building, testing,
implementing, or validating models in a financial services
technology, banking, payments, merchant/acquiring,
audit/consulting, business software, retail or online services
company
- Experience with general Risk Management concepts and validation
techniques used in model risk management
- Highly analytical with ability to self-learn and apply
effective challenge to processes and procedures
- Ability to communicate and document findings, observations, and
risk issues for executive level reporting
- Ability to interpret technical documents and evaluate for
accuracy and completeness
- Ability to carry out Program objectives, improve existing
processes, and represent a global risk function
- Ability to think critically and work independently on highly
visible products
- Self-motivated with ability to engage business stakeholders and
embed risk and compliance disciplines into business operations
- Strong written, verbal, and analytical, and organizational
skills
- Able to work autonomously to set priorities and manage multiple
tasks across various timelines
- Advanced understanding of applicable regulatory rules,
guidance, or supervisory lettersAdded bonus if you have:
- Bachelor's Degree in Mathematics, Finance, Statistics or
BusinessWhat we offer you:A career at FIS is more than just a job.
It's the change to shape the future of fintech. At FIS, we offer
you:
- A voice in the future of fintech
- Always-on learning and development
- Collaborative work environment
- Opportunities to give backFIS is committed to providing its
employees with an exciting career opportunity and competitive
compensation. The pay range for this full-time position is
$117,620.00 - $197,580.00 and reflects the minimum and maximum
target for new hire salaries for this position based on the posted
role, level, and location. Within the range, actual individual
starting pay is determined additional factors, including
job-related skills, experience, and relevant education or training.
Any changes in work location will also impact actual individual
starting pay. Please consult with your recruiter about the specific
salary range for your preferred location during the hiring
process.Privacy StatementFIS is committed to protecting the privacy
and security of all personal information that we process in order
to provide services to our clients. For specific information on how
FIS protects personal information online, please see the Online
Privacy Notice.EEOC StatementFIS is an equal opportunity employer.
We evaluate qualified applicants without regard to race, color,
religion, sex, sexual orientation, gender identity, marital status,
genetic information, national origin, disability, veteran status,
and other protected characteristics. The EEO is the Law poster is
available here supplement document available hereFor positions
located in the US, the following conditions apply. If you are made
a conditional offer of employment, you will be required to undergo
a drug test. ADA Disclaimer: In developing this job description
care was taken to include all competencies needed to successfully
perform in this position. However, for Americans with Disabilities
Act (ADA) purposes, the essential functions of the job may or may
not have been described for purposes of ADA reasonable
accommodation. All reasonable accommodation requests will be
reviewed and evaluated on a case-by-case basis.Sourcing
ModelRecruitment at FIS works primarily on a direct sourcing model;
a relatively small portion of our hiring is through recruitment
agencies. FIS does not accept resumes from recruitment agencies
which are not on the preferred supplier list and is not responsible
for any related fees for resumes submitted to job postings, our
employees, or any other part of our company.#pridepass
Keywords: Disability Solutions, Gainesville , Model Risk Management (Artificial Intelligence) - Senior Manager, Executive , Jacksonville, Florida
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