Model Risk Manager

About Revolut

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 60+ million customers get more from their money every day.

As we continue our lightning-fast growth,‌ 2 things are essential to our success: our people and our culture. In recognition of our outstanding employee experience, we've been certified as a Great Place to Work™. So far, we have 10,000+ people working around the world, from our offices and remotely, to help us achieve our mission. And we're looking for more brilliant people. People who love building great products, redefining success, and turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

The Risk team at Revolut plays a crucial role in monitoring and ensuring the safety of our operations. They work across various areas, including functions, products, and regions to assess front-line performance and ensure the business is on safe footing.

Our focus lies on models that have significant implications for business decision-making, financial reporting, and compliance with regulatory requirements.

We’re looking for a Senior Model Risk Manager who’s passionate about data and analytics and has a keen emphasis on applying ML/AI techniques to areas such as computer vision, AML/ATF, and fraud detection. You'll be challenging our existing modelling processes to take them to new heights.

Up for the challenge? Let's get in touch.

What you'll be doing

• Providing senior management and the Board Risk and Compliance Committee with periodic key insight on material models
• Identifying improvements to modelling processes and methodologies, and assigning reliable model risk ratings
• Providing recommendations to model developers to keep incidences of adverse outcomes within our model risk appetite
• Embedding solid model risk management practices end to end across the model lifecycle
• Increasing senior management's understanding of model assumptions, limitations, outputs, and overlays using available multi-channel distribution tools

What you'll need

• 5+ years of experience in validating and/or developing models in market, liquidity, or capital risk, or within finance and treasury
• Working knowledge in Python and SQL languages
• Familiarity with model risk management regulations across the UK, USA, and EU
• A proven ability to defend model validation reports in front of senior stakeholders

Nice to have

• Experience working in banking environments, specifically handling model risk findings with regulators and collaborating with internal audit teams
• Exposure to AI/ML model governance, explain-ability, or advanced analytics in financial services
• Familiarity with cloud-based model deployment or monitoring solutions

Compensation range

• Lithuania: €5,700 - €6,000 gross monthly*
• Other locations: Compensation will be discussed during the interview process

*Final compensation will be determined based on the candidate's qualifications, skills, and previous experience

Building a global financial super app isn’t enough. Our Revoluters are a priority, and that’s why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We’re doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That’s why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

Important notice for candidates:

Job scams are on the rise. Please keep these guidelines in mind when applying for any open roles.

• Only apply through official Revolut channels. We don’t use any third-party services or platforms for our recruitment.

• Always double-check the emails you receive. Make sure all communications are being done through official Revolut emails, with an @revolut.com domain.

We won't ask for payment or personal financial information during the hiring process. If anyone does ask you for this, it’s a scam. Report it immediately.

By submitting this application, I confirm that all the information given by me in this application for employment and any additional documents attached hereto are true to the best of my knowledge and that I have not wilfully suppressed any material fact. I confirm I have disclosed if applicable any previous employment with Revolut. I accept that if any of the information given by me in this application is in any way false or incorrect, my application may be rejected, any offer of employment may be withdrawn or my employment with Revolut may be terminated summarily or I may be dismissed. By submitting this application, I agree that my personal data will be processed in accordance with Revolut's Candidate Privacy Notice