Mercury is a financial services company that is on a mission to develop banking options that are better built for technology startups. As an employer, Mercury B
Senior Model Risk Manager – AI/ML
Location
California + 2 moreAll locations: California | New York | Oregon
Posted
3 days ago
Salary
$200.7K - $250.9K / year
Seniority
Senior
Job Description
Senior Model Risk Manager – AI/ML
Mercury Banking
• Define model governance for AI/ML at Mercury. • Continuously build and enhance the frameworks for validation, monitoring, and governance. • Own validation, monitoring, and governance of Mercury’s AI/ML model portfolio. • Partner closely with data scientists, engineers, compliance leads, and product teams. • Shape Mercury’s approach to model risk management in the context of AI. • Perform independent validation across predictive ML models and generative AI systems. • Assess risks in LLM-powered applications and identify model limitations. • Serve as a trusted advisor throughout the AI/ML lifecycle. • Help shape responsible AI standards including explainability and bias assessment. • Develop AI-enabled automation tools and modernize the MRM function. • Champion MRM as a strategic enabler for AI/ML adoption across teams.
Job Requirements
- Bachelor's degree in a quantitative field (e.g. Computer Science, Engineering, Statistics, Mathematics, etc.) with 6-10 years of meaningful hands-on experience developing or validating AI/ML models and systems, ideally in financial services or fintech.
- Strong technical foundations in Python, SQL, and modern ML tooling (e.g. scikit-learn, XGBoost);
- Familiarity with LLMs, RAG systems, prompt engineering, and AI agent frameworks.
- Experience in evaluating and testing machine learning models (e.g. in fraud detection) and generative AI systems, including custom evals, red-teaming, or frameworks.
- Solid understanding of model risk governance principles and regulatory expectations (e.g. SR 11-7 / OCC 2011-12, SR 26-2).
- Deep appreciation of disciplined model governance and independent effective challenge.
- A healthy dose of skepticism combined with a constructive, solution-oriented approach.
- Comfort operating in ambiguity: capable of synthesizing fragmented technical, operational, and business context into a clear understanding of how complex models and AI systems actually work, and making sound judgments even without a complete playbook or perfect documentation.
- High agency and adaptability: able to operate effectively in a fast-moving environment where priorities evolve quickly, new ad hoc problems emerge regularly, and role boundaries are intentionally broad. You can operate effectively without tightly-defined scope, find the highest-leverage work, and get it done.
- Exceptional attention to detail across documentation, code base, testing artifacts and quantitative analysis.
- Strong written and verbal communication skills; you can explain model risk to a data scientist and to a regulator, and use different language for each.
Benefits
- Base salary
- Equity
- Benefits
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