Sr. Manager, Model Risk Management

As a Sr. Manager, Model Risk Management at Kraken, you will ensure that Transaction Monitoring, Customer Risk Assessment, and Screening models are robust, effective, and compliant with AML/CFT regulatory requirements. You join a team focused on building compliance infrastructure for one of the world's longest-standing crypto platforms, trusted by over 10 million individuals and institutions globally.

What you'll do

• Perform independent validation of Transaction Monitoring, Customer Risk Assessment, Screening, and AI models (built in Claude or ChatGPT), including review of model documentation, data quality, accuracy, access and testing methodologies
• Assess model performance, accuracy, stability, risk, and identify potential biases
• Ensure Transaction Monitoring and Customer Risk Assessment models comply with relevant AML/CFT regulations including EU AML/CFT Directives, US BSA/AML regulations, and FATF recommendations
• Conduct risk assessments to identify potential AML/CFT risks, including identifying higher-risk customer segments, products, and geographies, and assessing the effectiveness of controls and mitigants
• Develop and implement procedures for ongoing model monitoring and maintenance, including annual reporting and certification, tracking model performance and identifying degradation, and conducting regular model reviews and updates
• Collaborate with Model Engineering teams, AML/CFT subject matter experts, business units, and risk management teams
• Prepare and maintain high-quality documentation including model validation reports, risk assessments, and regulatory compliance reports
• Contribute to the development and maintenance of model validation methodologies, frameworks, and best practices aligned with industry standards

What you bring

• A Bachelor's degree in a quantitative field such as mathematics, statistics, computer science, or engineering
• 5+ years of experience in model validation, risk management, or a related field, preferably in AML/CFT
• Understanding of international Model Risk Management rules and regulations, such as OCC SR 11-7
• Strong understanding of machine learning and statistical modeling techniques
• Deep understanding of fiat and crypto payment flows
• Proficiency in programming languages such as Python, R, and SQL
• Experience with data visualization tools such as Tableau or Power BI
• Strong understanding of financial markets, products, and services
• Excellent written and verbal communication skills, with the ability to articulate complex technical concepts to non-technical stakeholders

Nice to have

• Professional certifications such as FRM, CDA, or CAP
• Experience with AML/CFT transaction monitoring and Customer Risk Assessment systems
• Knowledge of cloud-based technologies
• Experience with agile development methodologies

About Kraken

Kraken, owned by Payward, is one of the world's longest-standing crypto platforms, founded in 2011 and trusted by over 10 million individuals and institutions. It offers spot trading, margin, futures, staking, and OTC services for both individual investors and institutional clients.