Model Risk Manager

  • Holladay, UT
  • Employees can work remotely
  • Full-time

Company Description

Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader. Since then Square has been building an entire business toolkit of both hardware and software products including Square Capital, Square Terminal, Square Payroll, and more. We’re working to find new and better ways to help businesses succeed on their own terms—and we’re looking for people like you to help shape tomorrow at Square.

Job Description

The Model Risk Manager role will be responsible for the administration and execution of the Bank's Model Risk Management ("MRM") program and priorities under the oversight of the Bank's Chief Risk Officer ("CRO"). This position can be remote.

You will:

  • Conduct independent validation of all SFS models by partnering with model owners and developers, following Bank policies, regulatory requirements, and industry best practices
  • Provide a comprehensive effective challenge of models across all aspects including: Model documentation, methodology and conceptual soundness, Testing and verification of model data for accuracy and suitability and review of sampling techniques, Variables used and selection process, Model assumptions, weaknesses, limitations and opportunities for improvement, Model performance and comparison to alternate approaches / benchmarks, Code review, implementation and ongoing monitoring plans
  • Draft validation reports documenting the independent validation process in its entirety including important observations & recommendations and associated remedial actions
  • Review ongoing model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
  • Maintain the Bank's model inventory to ensure it is comprehensive and accurate
  • Review and monitor the remedial actions taken by model owners and developers to ensure model validation findings are addressed in a timely manner
  • Help with regulatory exams and internal audits that fix and prevent recurrence of identified gaps and deficiencies.
  • Support oversight and enhancement of the Bank's MRM Program by staying up-to-date on all policies, regulatory guidance, and industry best practices
  • Support other enterprise risk management projects as the Bank continues to grow




You Have:

  • A graduate degree in Statistics, Mathematics, Computer Science, Operations Research, Physics, Economics, or a related technical field
  • 5+ years industry experience in modeling, data science or machine learning-focused roles
  • High degree of proficiency in tools such as Python, R and SQL
  • Experience using statistics and machine learning
  • The desire and curiosity to learn new tools and technologies on the job
  • Convey complex results to technical and non-technical audiences
  • Experience in MRM and related regulatory guidance such as SR 11-7 is preferred

Additional Information

At Square, we value diversity and always treat all employees and job applicants based on merit, qualifications, competence, and talent. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us by sending an email to assistance(at) We will treat your request as confidentially as possible. In your email, please include your name and preferred method of contact, and we will respond as soon as possible.


At Square, we want you to be well and thrive. Our global benefits package includes:
  • Healthcare coverage
  • Retirement Plans
  • Employee Stock Purchase Program
  • Wellness perks
  • Paid parental leave
  • Paid time off
  • Learning and Development resources
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