Model Risk Management (Artificial Intelligence) - Senior Manager

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 initiativesDevelop key metrics reporting for business stakeholders and executive leadershipProvide 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 companyExperience with general Risk Management concepts and validation techniques used in model risk managementHighly analytical with ability to self-learn and apply effective challenge to processes and proceduresAbility to communicate and document findings, observations, and risk issues for executive level reportingAbility to interpret technical documents and evaluate for accuracy and completenessAbility to carry out Program objectives, improve existing processes, and represent a global risk functionAbility to think critically and work independently on highly visible productsSelf-motivated with ability to engage business stakeholders and embed risk and compliance disciplines into business operationsStrong written, verbal, and analytical, and organizational skillsAble to work autonomously to set priorities and manage multiple tasks across various timelinesAdvanced 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 fintechAlways-on learning and developmentCollaborative work environmentOpportunities 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.#pridepassJob SummaryJob number: JR0275627Date posted : 2024-06-24Profession: Risk & ComplianceEmployment type: Experienced (relevant combo of work and education)