About Pagaya

Help Shape the Future of Finance

Pagaya is a financial technology company working to reshape the lending marketplace, for investors, by using machine learning, big data analytics, and sophisticated AI-driven risk analysis. With its current focus on consumer credit and real assets, PAGAYA’s proprietary suite of solutions and pipelines to banks, fin-tech lenders and others was created to actively find greater value for institutional investors. PAGAYA’s models create additional value to that pipeline as well, by increasing liquidity and, in turn, increasing opportunities for access to credit.

We move fast and smart, identifying opportunities and building end-to-end solutions from AI models and unique data sources to new business partnerships and financial structures. Every PAGAYA team member is solving new challenges every day in a culture based on collaboration and community. We all make an impact regardless of title or position.

Our Team

The company was founded in 2016 by seasoned finance and technology professionals, and we are now 400+ strong in New York, Tel Aviv, and LA.  You will be surrounded by some of the most talented, supportive, smart, and kind leaders and teams—people you can be proud to work with!

Our Values

  • Continuous Learning: It’s okay to not know something yet, but have the desire to grow and improve.
  • Win for all: We exist to make sure all participants in the system win, which in turn helps Pagaya win.
  • Debate and commit: Share openly, question respectfully, and once a decision is made, commit to it fully.

 

Role Description

We’re looking for Quality Assurance and Design Control Manager to join our team to support our multidisciplinary and innovative R&D processes and ensure they meet quality standards.

Model Risk arises from the potential adverse consequences of making decisions based on incorrect or misused data and model outputs and reports, leading to financial loss, poor business decision making, or repetitional damage.

The quality & compliance governance manager will assist in planning, designing, creating and executing the Data Governance and Model Risk Management (MRM) framework, methodologies, and policies including the effectiveness of the models to ensure compliant and sound models are being used and properly managed across all divisions of the organization.

As part of the firm's data and model risk management function, The Model Governance Group is charged with performing quality checks, providing guidance on a data and model's appropriate usage in the business context, and ensuring that model users are aware of the model strengths and limitations.

Key Responsibilities

  • Provide professional QA and Regulatory guidance throughout the entire models and data lifecycle
  • Ensure all models have been appropriately identified, classified, and updated in the model inventory through established audit and review processes.
  • Manage the model approval process, ensuring proper approvals and documentation have been obtained.
  • Oversee and manage the model inventory. Ensure models are used only for approved purposes.
  • Coordinate with the New York team and stakeholders from different areas inside the firm to ensure model risk is appropriately managed.
  • Coordinate with external entities such as banking partners, consultants, auditors and regulators to ensure model risk is appropriately managed.
  • Ensuring compliance with in-house procedures through ongoing, periodic audits or inspections

Qualifications

  • B.A. / B.sc or above
  • Fluent English both verbal and in writing
  • Detail oriented and hands-on approach
  • Excellent people and communication skills
  • Basic understanding of Machine learning and Data Science
  • Experience in relationship management with external parties
  • Experience with internal auditing-Advantage
  • Experience with GRC - Advantage

 

 

 

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