Midland Credit Management, Inc.
Model Risk Oversight Analyst
Midland Credit Management, Inc., San Diego, California, United States, 92189
Starting Compensation
Annual Salary: $73,300.00 - $105,099.00 (Amount based on office location, relevant experience, skills, and competencies)
If you are wondering why you should work for us, here is something to help you decide:
Pay and Bonuses: Earn a competitive salary. All employees are eligible for uncapped commission or annual bonus incentives.Career Progression: Grow at MCM with paid training and development programs – including our very own MCM Academy – as well as a promote-from-within philosophy.Reward and Recognition: We are committed to honoring great results – ranging from informal accolades to formal company-wide awards and prizes like all-inclusive vacations.Tuition Assistance: Pursue a degree or coursework related to your current role, or the role you are striving for.Healthcare Insurance: Take advantage of comprehensive healthcare plans and options to ensure your continued health, plus fitness membership reimbursements, weight watchers, our wellness rewards Program and more.Volunteering Opportunities: Enjoy up to eight hours of paid time off each year to volunteer. We also offer volunteer grants and matching financial donations, up to US$ 2,500 per employee annually.Retirement Savings: Build a strong financial foundation and reach your goals for the future. With all the effort you invest in us, we’re proud to invest in you.New Family Support: Celebrate your new arrival with company paid leave, new parent flex time, and child back-up care options.Team-building: Enjoy experiences that inspire bonds with your colleagues through a wide range of company-sponsored team-building events, such as holiday celebrations and department outings.Work-Life Balance: Enjoy paid and floating holidays, as well as generous paid-time-off.
Our compensation and benefits programs were created with an 'Employee-First Approach' focused on supporting, developing, and recognizing YOU. We offer a wide array of wellness and mental health initiatives, support volunteerism, and environmental efforts, encourage employee education through leadership training, skill-building, and tuition reimbursements, and always strive to provide promotion opportunities from within.
Encore is seeking a dynamic Model Risk Oversight Analyst to help build the company’s model risk function. This role is an opportunity to shape Encore’s strategic thinking on model risk, a key focus for both company leadership and financial institutions around the world.
The Model Risk Oversight Analyst is responsible for maintaining and improving the company’s approach to managing risks related to the use of statistical models. This will include supporting independent validation of models as well as enhancing and implementing governance standards. The role will also be responsible for tracking changes in portfolio valuations over time and creating reports on these for executive leadership. This position is expected to demonstrate strong quantitative acumen, ability to work collaboratively with teams across multiple functions, and comfort with communicating insights to senior management.
RESPONSIBILITIES
Maintain a database of current and historic portfolio valuations.Create regular reporting on changes in portfolio valuations for executive leadership.Support validation and review of models.Recommend and implement enhancements to Encore’s model governance processes.Develop risk controls including model catalogs, risk tiering, and other reporting.Other duties as assigned.
MINIMUM REQUIREMENTS
EDUCATION:
Bachelor's
FIELD OF STUDY:
Statistics, Finance, Economics, or similar
EXPERIENCE:
Recommend 3+ years
KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
Experience with analytical tools such as Python, SQL, and PowerBI1+ years of experience in model development, model validation, predictive modelling, monitoring, or a good understanding of model risk and assessment
PREFERRED QUALIFICATIONS
EDUCATION:
Master's or Advanced
FIELD OF STUDY:
Statistics, Finance, Economics, or similar
KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
Experience in the financial services industryExperience with developing or evaluating credit models, loss models, or similar
About Us
We are more than a specialty finance company providing debt recovery solutions for consumers. We are a global team of over 4,000 employees whose daily mission is to empower consumers to begin their path towards financial recovery and build a better life for themselves and their families. We know that the only way to support this mission is by hiring exceptional people who bring a diversity of ideas, a collaborative spirit, and a passion for attaining breakthrough results. If you are results-driven, have a passion for helping others, and thrive in an innovative environment, this might be the right place for you!
Encore Capital Group and all of its subsidiaries are proud to be an equal opportunity employer and value diversity at our company. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application and/or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation at Talent@mcmcg.com.
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Annual Salary: $73,300.00 - $105,099.00 (Amount based on office location, relevant experience, skills, and competencies)
If you are wondering why you should work for us, here is something to help you decide:
Pay and Bonuses: Earn a competitive salary. All employees are eligible for uncapped commission or annual bonus incentives.Career Progression: Grow at MCM with paid training and development programs – including our very own MCM Academy – as well as a promote-from-within philosophy.Reward and Recognition: We are committed to honoring great results – ranging from informal accolades to formal company-wide awards and prizes like all-inclusive vacations.Tuition Assistance: Pursue a degree or coursework related to your current role, or the role you are striving for.Healthcare Insurance: Take advantage of comprehensive healthcare plans and options to ensure your continued health, plus fitness membership reimbursements, weight watchers, our wellness rewards Program and more.Volunteering Opportunities: Enjoy up to eight hours of paid time off each year to volunteer. We also offer volunteer grants and matching financial donations, up to US$ 2,500 per employee annually.Retirement Savings: Build a strong financial foundation and reach your goals for the future. With all the effort you invest in us, we’re proud to invest in you.New Family Support: Celebrate your new arrival with company paid leave, new parent flex time, and child back-up care options.Team-building: Enjoy experiences that inspire bonds with your colleagues through a wide range of company-sponsored team-building events, such as holiday celebrations and department outings.Work-Life Balance: Enjoy paid and floating holidays, as well as generous paid-time-off.
Our compensation and benefits programs were created with an 'Employee-First Approach' focused on supporting, developing, and recognizing YOU. We offer a wide array of wellness and mental health initiatives, support volunteerism, and environmental efforts, encourage employee education through leadership training, skill-building, and tuition reimbursements, and always strive to provide promotion opportunities from within.
Encore is seeking a dynamic Model Risk Oversight Analyst to help build the company’s model risk function. This role is an opportunity to shape Encore’s strategic thinking on model risk, a key focus for both company leadership and financial institutions around the world.
The Model Risk Oversight Analyst is responsible for maintaining and improving the company’s approach to managing risks related to the use of statistical models. This will include supporting independent validation of models as well as enhancing and implementing governance standards. The role will also be responsible for tracking changes in portfolio valuations over time and creating reports on these for executive leadership. This position is expected to demonstrate strong quantitative acumen, ability to work collaboratively with teams across multiple functions, and comfort with communicating insights to senior management.
RESPONSIBILITIES
Maintain a database of current and historic portfolio valuations.Create regular reporting on changes in portfolio valuations for executive leadership.Support validation and review of models.Recommend and implement enhancements to Encore’s model governance processes.Develop risk controls including model catalogs, risk tiering, and other reporting.Other duties as assigned.
MINIMUM REQUIREMENTS
EDUCATION:
Bachelor's
FIELD OF STUDY:
Statistics, Finance, Economics, or similar
EXPERIENCE:
Recommend 3+ years
KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
Experience with analytical tools such as Python, SQL, and PowerBI1+ years of experience in model development, model validation, predictive modelling, monitoring, or a good understanding of model risk and assessment
PREFERRED QUALIFICATIONS
EDUCATION:
Master's or Advanced
FIELD OF STUDY:
Statistics, Finance, Economics, or similar
KNOWLEDGE, SKILLS, ABILITIES, AND OTHER ATTRIBUTES:
Experience in the financial services industryExperience with developing or evaluating credit models, loss models, or similar
About Us
We are more than a specialty finance company providing debt recovery solutions for consumers. We are a global team of over 4,000 employees whose daily mission is to empower consumers to begin their path towards financial recovery and build a better life for themselves and their families. We know that the only way to support this mission is by hiring exceptional people who bring a diversity of ideas, a collaborative spirit, and a passion for attaining breakthrough results. If you are results-driven, have a passion for helping others, and thrive in an innovative environment, this might be the right place for you!
Encore Capital Group and all of its subsidiaries are proud to be an equal opportunity employer and value diversity at our company. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application and/or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation at Talent@mcmcg.com.
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