OnDeck is hiring a

Manager, Model Risk

New York, United States

What excites us at OnDeck? Technology. Innovation. Small businesses. We believe in our employees and power their growth through being challenged every day and offering careers that inspire. We’re all about teamwork, passion and making an impact. Oh and having fun – Whether it’s a game of Ping-Pong, team get-togethers or weekly happy hours in the office.

OnDeck (ONDK) uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses to efficiently deliver capital to a market underserved by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans. We are changing the way small businesses borrow money by combining our passion for Main Street with cutting-edge technology. We evaluate businesses based on their actual performance, not personal credit, and that’s enabled us to say “yes” more often and faster than traditional lenders.

Department summary:

All of OnDeck runs on Big Data and the Manager of Model Risk team in the Risk Organization will lead a team of 3 talented team members to ensure that all of the cool models built using the latest and cutting edge tools and methodology are doing what we intend that they do.

Join our team of crack data scientists, model developers, and credit risk professionals as we work to understand small businesses better than any other lender. Challenge us to think better, innovate more, and be real about what data and equations can and cannot do. If you like to think deeply, engage with other smart people who will push you to ask and answer out-of-box questions, and have intellectual/technical depth in models and modeling techniques, you will thrive in this role.

In this role, you will:

  • Bring your thinking, modeling expertise, and ideas to advance our company’s values, unique culture, and vision for the future. We are a company run on data and models thus have models of wide variety in uses and specification and you will bring versatility and expertise to assess models outside of the traditional methods
  • Manage a talented team to run an agile, robust, and creative approach to model risk and validation.
  • Recommend and report on the health of the models and the status of real-time data to the leadership team and the Credit Committee

Qualifications for success: 

  • You have 3-5 years of experience in credit risk management focusing on models and model validation
  • You have strong people management skills
  • You have experience using SQL and R or Python (or similar scripting language)
  • You possess a strong technical background with an ability to think through conceptual soundness to innovative and out-of-box modeling approaches
  • You have the ability to work well with a diverse group of people across different functions
  • You have strong communication and data visualization skills; comfort communicating complex analyses to a variety of audiences in English without resorting to code
  • You have an undergraduate degree in an analytical field such as mathematics, statistics, engineering or similar. Master’s degree a plus

What we offer you:

  • Semi-annual Hackathons to give our teams a fun way to innovate together and come up with awesome ideas.
  • We work hard, we play hard. Build or join an OnDeck intramural club, group, and/or sports team and be part of our OnDeck Community.
  • Order lunch on us from Seamless. You can order what you want, when you want and from where you want.
  • We want to help advance your career. Take classes relevant to your job and the first $5K is on us.
  • Enjoy our annual company summer party, holiday party and department quarterly outings.
  • Medical, dental, vision, and life benefits from day one.
  • Paid/flexible sick-leave, vacations, and holidays so you can take off the time that you need when you need.
  • Up to four months paid parental leave for all new parents. Adoption assistance with reimbursement of up to $5K. We want you to have time to bond with your new bundle of joy.
  • Fully stocked kitchens with free snacks & drinks.

OnDeck Stats & In the News:

  • In 2015, OnDeck & JP Morgan Chase partner to offer small business loans, named the biggest deal in the history of marketplace lending
  • Our first $3 billion in loans led to 74,000 jobs and $11 Billion in U.S. economic impact.
  • On December 17, 2014 OnDeck rings in the biggest NYC tech IPO since 1999
  • OnDeck was New York’s largest VC-backed tech exit ever

Awards we've received:

  • Fortune.com and Great Place to Work 100 Best Workplaces for Millennials, 2015
  • Fortune/Great Place To Work Great Rated! People’s Picks: 20 Great Workplaces in Financial Services, 2015
  • Crain’s New York Best Places to Work, 2013, 2014, 2015
  • Forbes’ America’s Most Promising Companies, 2013, 2014

 

OnDeck provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, OnDeck complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

OnDeck expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of OnDeck’s employees to perform their job duties may result in discipline up to and including discharge.

 

**No recruiters or agencies, please.**