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Circle

Senior Manager, Model Risk Management

Posted 25 Days Ago
Be an Early Applicant
In-Office or Remote
Hiring Remotely in Chicago, IL, USA
173K-223K Annually
Senior level
In-Office or Remote
Hiring Remotely in Chicago, IL, USA
173K-223K Annually
Senior level
Lead operationalization of the model risk management framework: maintain policy, manage model inventory and classification, perform annual reviews and recertifications, identify and prioritize remediation for model deficiencies, represent model risk internally and externally, collaborate with risk/compliance teams, and ensure regulatory and industry best-practice adherence.
The summary above was generated by AI
Circle (NYSE: CRCL) is one of the world's leading internet financial platform companies, building the foundation of a more open, global economy through digital assets, payment applications, and programmable blockchain infrastructure. Circle's platform includes the world's largest regulated stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com .
What you'll be part of:
Circle is committed to visibility and stability in everything we do. As we grow as an organization, we're expanding into some of the world's strongest jurisdictions. Speed and efficiency are motivators for our success and our employees live by our company values : High Integrity, Future Forward, Multistakeholder, Mindful, and Driven by Excellence. We have built a flexible work environment where new ideas are encouraged and everyone is a stakeholder.
What you'll be responsible for:
Circle is looking for a Senior Manager, Model Risk Management to join its Financial Risk Management team and oversee the day-to-day management of Circle's model risk and governance. The Senior Manager, Model Risk Management is responsible for operationalizing the model risk management framework, complying with internal policies, standards and external regulatory expectations.
What you'll work on:
  • Be responsible for operationalizing the Model Risk Management framework, maintaining policy, standards and procedures.
  • Execute ongoing model risk management responsibilities, including but not limited to model inventory & classification, annual model review and recertification, identifying gaps and deficiencies in Circle's financial risk and capital/liquidity models and prioritizing high and critical model risk findings for remediation.
  • Be the spokesperson both internally and externally communicating on model risk related issues in conjunction with other cross-functional teams.
  • Work closely with other risk and compliance teams to ensure cohesive and synergized risk management approach and regulator adherence
  • Stay up to date with U.S. and international financial regulations and industry best practices to ensure capital adequacy and risk management compliance.

What you'll bring to Circle:
  • 10+ years of relevant experience in financial risk model reviews for large financial institutions and/or fintech companies, including designing and implementing model risk governance framework, performing hands-on model review and validation, designing and implementing stress testing systems and tools.
  • 7+ years of experience managing teams or performing project and program management roles.
  • A passion for harnessing the power of digital currency and blockchain technology and services built on top of it.
  • An innovative and creative mind looking to suggest new solutions to old problems.
  • Proven experience working collaboratively and effectively with the ability to work with multiple stakeholders and internal teams.
  • Experience and comfort working in an ever changing industry and the flexibility to quickly react to changing demands. Never tired of learning.
  • Strong leadership and relationship management skills.
  • Strong communication skills and presence, ability to interface with internal and external teams.
  • M.A./M.S. degree; quantitative or technical degree a plus.
  • Proficient in programming languages (SQL, Python) for data analytics and quantitative modeling.
  • CFA/FRM designation is a plus.
  • Experience in RegTech, FinTech or consulting company preferred.
  • Proficiency in Google Suite, Slack and Macbook preferred.

Circle is on a mission to create an inclusive financial future, with transparency at our core. We consider a wide variety of elements when crafting our compensation ranges and total compensation packages.
Starting pay is determined by various factors, including but not limited to: relevant experience, skill set, qualifications, and other business and organizational needs. Please note that compensation ranges may differ for candidates in other locations.
Base Pay Range: $172,500 - $222,500
We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status, or any other protected status required by the laws in the locations where we hire. Additionally, Circle participates in the E-Verify Program in certain locations, as required by law.
Should you require accommodations or assistance in our interview process because of a disability, please reach out to [email protected] for support. We respect your privacy and will connect with you separately from our interview process to accommodate your needs.
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Top Skills

Python
SQL

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