Lead Model Developer

Job Summary

Lead Model Developer will work within the Model Center of Excellence (COE), which is primarily tasked with the development of quantitative models that are essential for supporting Treasury, Capital and other Regulatory risk management. This role will be responsible for the complete development and maintenance of new Treasury and Capital specific quantitative models and the expansion of existing models currently in use that meet the requirements set forth by subject matter experts and model owners.

The Lead Developer will oversee model documentation, validation, and back‑testing in partnership with Model Risk Management. This role will require a broad business perspective, advanced modeling experience, and the ability to communicate complex technical concepts to non‑technical audiences.

• Design and build quantitative and qualitative models that support Treasury (liquidity management, interest rate risk, product behavioral profiles, liability pricing) and Capital Stress Testing models, for all required business entities. (20%)
• Execute complex statistical and non‑statistical financial models that align with business objectives and meet regulatory and control standards. Analyze inputs, processing, and outputs to derive useful insights for senior leadership. Anticipate needed adjustments, develop solutions, and defend recommendations. (20%)
• Maintain comprehensive model documentation and operational processes, procedures, and controls. Perform and/or review model monitoring, maintenance, and any required remediation activities. Proactively optimize model execution processes, controls, and derived insights. (20%)
• Ensure that model Monitoring and Maintenance (M&M) standards are executed through oversight of M&M task lists and leveraging Archer for Model Risk Management (MRM) framework tasks. Provide effective challenge in design and implementation efforts to ensure models meet the needs of multiple users making decisions based on the final reporting and summary statements. (20%)
• Engage with FDIC regulators, MRM, and Audit to review and address inquiries on model documentation, M&M standards, and execution. (10%)
• Effectively communicate model purpose, design, execution, and adjustments to a broad stakeholder group (Treasury, Capital Planning, MRM, etc.). (10%)

• Bachelor’s Degree in Finance, Economics, Business, Statistics.
• 8+ years of experience in Model Development, Model Documentation, Engagement with Regulators and Audit, Partnership with a diverse set of partners.

• Master’s Degree in Finance, Economics, Business, Statistics.
• 10+ years of experience in model‑related fields (financial, statistical, operational, risk modeling).

• Financial Econometrics
• Linear Regressions
• Logistic Regression Models
• Written Communication
• Financial Modeling in Excel
• Relationship Management
• Critical Thinking
• Python for Data Analysis
• Pandas Python Library
• Py Spark

Reports To:

Senior Manager and above

Direct Reports: 0

Work Environment:
Normal office environment. (Remote or Hybrid), 3 to 4 days per month are required in office if within 60 miles of a posted Bread Financial location.

• Ability to travel up to 10% annually

• Communicate/Hearing
• Communicate/Talking
• Stationary Position/Seated
• Typing/Writing
• Maintain focus in high pressure or fast‑paced work environment

Other Duties

This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.

$ - $

California: $ - $
Colorado: $ - $
New York: $ - $
Washington: $ - $
Maryland: $ - $
Washington DC: $ - $
Illinois: $ - $
New Jersey: $ - $
Vermont: $ - $
Ohio: $ - $

Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long‑term…