Note: The job is a remote job and is open to candidates in USA. Empower Retirement, LLC is dedicated to transforming financial lives through a flexible work environment and internal mobility. The Senior Analyst Model Risk will identify and manage model risks associated with machine learning and AI, collaborating with various teams to ensure compliance and safety in AI solutions.
Responsibilities
- Partner with second-line enterprise risk and application teams to define, document, and build machine learning and AI model governance policies, processes, controls, and governance tools
- Execute model risk assessments for machine learning, generative AI, and advanced analytics solutions across the design, development, deployment, and monitoring phases
- Perform independent risk review and challenge of AI and machine learning models, including data sourcing, training approaches, validation methods, and ongoing performance monitoring
- Support the establishment and ongoing execution of AI and machine learning model risk governance, standards, and control frameworks in alignment with the Enterprise Risk Appetite Framework
- Partner with engineering, data science, product, and business teams to identify risks and embed effective controls into AI and machine learning systems and processes
- Assess and support the management of third-party and vendor model risks associated with AI platforms, tools, models, and data sources
- Prepare clear and concise model risk documentation, assessments, and recommendations for review by the Senior Manager and risk governance forums
- Monitor emerging regulatory guidance, industry standards, and best practices related to AI, model risk, and responsible AI
- Contribute to model risk metrics, reporting, and materials presented to leadership, risk committees, and second-line partners
- Exercise independent judgment when conducting model, technology, and AI and machine learning risk assessments within established frameworks
- Provide risk recommendations, control feedback, and issue identification to the Director, Technology Risk
- Escalate significant risks, control gaps, or issues in accordance with defined risk thresholds
- Contribute analysis and recommendations related to risk acceptances without holding formal approval authority
Skills
- Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT
- Deep hands-on expertise in models, technology, and AI and machine learning risk
- Strong analytical judgment
- The ability to translate complex technical risks into clear, actionable insights
Benefits
- Medical, dental, vision and life insurance
- Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
- Tuition reimbursement up to $5,250/year
- Business-casual environment that includes the option to wear jeans
- Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
- Paid volunteer time — 16 hours per calendar year
- Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
- Business Resource Groups (BRGs) – BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.
- Other necessary computer equipment, will be provided.
Company Overview