PENNYMAC Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. A Typical Day The VP, AI Governance is responsible for establishing and overseeing the governance framework for artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and large language models (LLMs) within model Governance to ensure our governance standards are met for new technologies. The VP, AI Governance will partner closely with Enterprise Risk Management, Executive Management, and key stakeholders across the company to drive the adoption and implementation of AI governance standards. The VP, AI Governance will: Develop and maintain a comprehensive AI governance framework that encompasses policies, standards, procedures, and best practices for the development, deployment, and monitoring of AI models and systems, within the mortgage business Establish processes for model risk management, including risk assessment, mitigation, validation, monitoring, and reporting Stay abreast of and ensure compliance with all applicable federal and state laws and regulations related to AI in the mortgage industry, including fair lending laws, consumer protection regulations, and data privacy requirements Collaborate with the legal, enterprise risk management, and compliance teams to interpret and implement regulatory guidance on AI, providing expertise on AI-specific risks and compliance challenges Monitor and audit AI models and systems to identify and address potential compliance gaps and ensure adherence to legal and ethical standards Proactively identify and assess potential risks associated with AI applications in mortgage lending, including bias, fairness, explainability, and data security Engage with model and system owners to implement controls and monitoring mechanisms to mitigate identified risks and ensure ongoing compliance Develop and maintain documentation to support AI governance activities and demonstrate compliance efforts. What You’ll Bring Bachelor's degree in Computer Science, Data Science, Mathematics, Engineering, or related field A Master's degree in Law, Finance, Business Administration, or a related field is desirable 5+ years of experience in AI and ML model development 3+ Years of experience in a compliance, legal, or risk management role within the financial services industry, with a focus on mortgage lending Deep knowledge of relevant laws and regulations, including fair lending, consumer protection, and data privacy Strong understanding of AI/ML/NLP/LLM technologies and their applications in the mortgage industry Familiarity with AI ethics principles and responsible AI practices. Strong analytical, problem-solving, and decision-making skills Excellent communication, interpersonal, and presentation skills with the ability to interact effectively with all levels of staff Practical experience in developing and implementing governance frameworks and risk management programs Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: Comprehensive Medical, Dental, and Vision Paid Time Off Programs including vacation, holidays, illness, and parental leave Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations) Retirement benefits, life insurance, 401k match, and tuition reimbursement Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities. To learn more about our benefits visit: https://pennymacnews.page.link/benefits Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below: Lower in range - Building skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. Salary $95,000 - $155,000 Work Model OFFICE