Head of AI Governance and Model Risk Management

Mission Lane is revolutionizing access to credit to pave a clear way forward for millions of Americans on the path to financial success. By attracting top-tier talent and leveraging cutting-edge technology, we’re redefining consumer credit for the better. Sound like a mission you can get behind?

Dedicated to helping everyone have access to fair and clear credit.

This (remote) role is an opportunity to lead Mission Lane’s Model Risk Management, our emerging strategy for AI governance, and day-to-day operations managing models within our Risk Management team.

You’ll thrive in this role if you:

• Bring an engineering mindset to problem-solving. You like to think about business problems in terms of scalability, tolerances, constraints, and efficiency. You enjoy iteratively refining business processes until they’re well-engineered.
• Enjoy coding - you can review code for a data scientist’s PyData dev work or script your tasks to automate them
• Have experience working in a regulated environment, preferably with SR 11-7, the OCC’s guidance for Model Risk Management
• Have created and applied statistical, econometric, or machine learning models
• Are skilled at performing model validations, model reviews, and assessing model risk
• Have great collaboration and organizational skills to grow partnerships with our sponsor banks, legal team, modelers, and business owners
• Have a vision for a responsible future for AI, machine learning, and data science within fintech
• Are excited to have an impact and get stuff done

We are offering:

• A humble, hungry, and smart team committed to solving practical problems together
• The chance to work at a company where machine learning is at the heart of the business and integral to both our day-to-day operation and our executive team’s strategic vision
• Flexible work hours and flexible work location
• A team that values learning and approaches work with a “growth mindset”
• A competitive salary, equity, generous parental leave policy, and a full benefits package (health, dental, vision, 401k)

You might be particularly excited about the role if you:

• Have a vision for the future of how fintechs, sponsor banks, and regulators can collaborate on MRM
• Are excited to apply risk management principles to create greater value, speed, and fairness
• Follow emerging trends in AI regulation and machine learning research
• Love the efficiency of well-engineered software processes
• Want to balance the benefits and risks of AI and machine learning

Compensation: USD

Target base salary:  $184,000 - $204,000

Additional compensation in the form(s) of participation in our annual incentive program and equity are dependent on role. Pay is based on factors such as work experience, education, certification(s), training, skills, and competencies related to the role. Mission Lane also offers a comprehensive benefits plan, which includes unlimited paid time off, 401(k) match, a monthly wellness stipend, health/dental/vision insurance options, disability coverage, paid parental leave, flexible spending account (for childcare and healthcare), life insurance, and a remote-friendly work environment.

About Mission Lane:

Founded in December 2018, Mission Lane is a purpose-driven fintech company based in the U.S., with headquarters in Richmond, Virginia. 

It all started with a realization:  nearly fifty percent of the adult population in the U.S. doesn’t have access to a clear line of credit. Most traditional credit card companies either overlook or overcharge this group because they have less-than-perfect credit scores or no scores at all. We decided this just wouldn’t do.

In partnership with our sponsor banks, we offer credit cards under the Mission Lane brand name, with better, clearer terms, and a more refined customer experience than the alternatives available to people working hard to improve their credit.

To date, over three million consumers have chosen Mission Lane, earning high customer ratings on Credit Karma for its market segment and industry leading Net Promoter scores. 

Mission Lane has cumulatively raised over $600 million of equity from leading investors, including Invus Opportunities, QED Investors, LL Funds, funds affiliated with Oaktree Capital Management, and other leading investors.

Interested in learning more? Check out The Mission Lane Junction for articles on culture, credit, and community, and The Mission Lane Newsroom for media mentions.

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Mission Lane is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law.

Mission Lane provides reasonable accommodations to applicants who need them for medical or religious reasons, as required by law.  Applicants can initiate an accommodation request by contacting peopleops@missionlane.com.

Mission Lane is not sponsoring new applicant employment authorization and please, no third-party recruiters.

Each Laner is responsible for keeping Mission Lane informed of their primary work location within the United States. Changes to a Laner's work location may result in changes to certain benefits based on local policies and requirements. If a Laner desires to move to an approved state within the US, we ask that they notify People Operations at least 30 days prior to moving, so we can ensure appropriate setup takes place.