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Contract Model Risk Governance Jobs in Colorado (NOW HIRING)

... risk. The ideal candidate will have a proven track record working within enterprise data governance frameworks and operation models, including stewardship, policy management, and data standards ...

Data and AI Governance Lead

Denver, CO ยท On-site

$128K - $224K/yr

... risk. The ideal candidate will have a proven track record working within enterprise data governance frameworks and operation models, including stewardship, policy management, and data standards ...

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Contract Model Risk Governance information

What are some common challenges faced by professionals in Contract Model Risk Governance roles, and how can they be addressed?

Professionals in Contract Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring thorough model documentation, and effectively communicating risk findings to both technical and non-technical stakeholders. Balancing the need for detailed model validation with tight project timelines can also be demanding. To address these challenges, it's important to foster strong cross-functional collaboration, stay updated on industry best practices, and develop clear communication strategies for reporting risk and compliance issues.

What is the difference between Contract Model Risk Governance vs Contract Model Validation?

AspectContract Model Risk GovernanceContract Model Validation
Primary FocusOverseeing and managing risks associated with contract models, ensuring compliance and risk mitigationAssessing and testing contract models to ensure accuracy and reliability
ResponsibilitiesEstablishing policies, monitoring risk exposure, and implementing controlsPerforming independent reviews, testing model assumptions, and validating outputs
Work EnvironmentRisk management teams, compliance departments, regulatory interactionsQuantitative teams, model validation units, audit functions

While Contract Model Risk Governance focuses on managing and overseeing risks related to contract models, Contract Model Validation involves the technical assessment and testing of those models to ensure their accuracy and reliability. Both roles are essential in a comprehensive risk management framework within financial institutions and industries relying on contract models.

What are the key skills and qualifications needed to thrive in Contract Model Risk Governance, and why are they important?

To excel in Contract Model Risk Governance, you need a strong background in risk management, quantitative analysis, and familiarity with regulatory requirements, often supported by a degree in finance, mathematics, or a related field. Proficiency with risk management software, model validation tools, and knowledge of frameworks such as SR 11-7 is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for evaluating model risk and collaborating with stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and support sound decision-making within financial institutions.

What is Contract Model Risk Governance?

Contract Model Risk Governance refers to the framework and processes used by organizations to identify, assess, monitor, and mitigate risks associated with the use of models in contracts or contractual obligations. This role ensures that the use of quantitative models in financial and business contracts complies with regulatory standards and internal policies, reducing the likelihood of errors, misinterpretations, or financial losses. Professionals in this field often oversee model validation, implementation, and documentation, and work closely with compliance, risk, and legal teams. Effective governance helps maintain model integrity and supports sound decision-making across the organization.
What are the most commonly searched types of Model Risk Governance jobs in Colorado? The most popular types of Model Risk Governance jobs in Colorado are:
What are popular job titles related to Contract Model Risk Governance jobs in Colorado? For Contract Model Risk Governance jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Colorado look for? The top searched job categories for Contract Model Risk Governance jobs in Colorado are:
What cities in Colorado are hiring for Contract Model Risk Governance jobs? Cities in Colorado with the most Contract Model Risk Governance job openings:
Governance, Risk & Compliance Analyst II

Governance, Risk & Compliance Analyst II

UDR

Highlands Ranch, CO โ€ข On-site

$85K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 24 days ago


Job description

UDR, Inc. is now hiring a Governance, Risk & Compliance Analyst II to join our team at our corporate office in Highlands Ranch.
GENERAL SUMMARY OF DUTIES: The GRC Analyst role(s) will be responsible for the implementation, operation, and maintenance of UDR's IT Governance, Risk & Compliance (GRC) program in accordance with business objectives and legal requirements. All levels will work on growing and maintaining the enterprise's audit readiness, AI governance, third-party risk management, and consumer privacy programs. These roles collaborate closely with appropriate business personnel to support the confidentiality, integrity, and availability of enterprise data and the responsible deployment of AI systems.
GRC Analyst II shall take increased ownership of GRC processes and tool utilization while working towards delivery of strategic goals, including AI governance initiatives.
SUPERVISION RECEIVED: Reports directly to the Director - Cyber Risk and Privacy
SUPERVISION EXERCISED: N/A
ESSENTIAL FUNCTIONS:
1. Lead evidence collection and coordination for external and internal audits, including Sarbanes-Oxley (SOX) and NIST CSF, working directly with both internal and external auditors as well as internal control owners.
2. Identify control gaps and remediation opportunities through audit findings and proactively communicate recommendations to management.
3. Lead AI governance implementation tasks, including maintaining enterprise AI technical feasibility assessments, conducting AI vendor risk assessments, and supporting the development of AI use policies and standards.
4. Advise business stakeholders on AI-related risks, including fair-housing implications of AI-assisted leasing or screening tools, and SEC disclosure obligations related to material AI risks.
5. Manage vendor due diligence and third-party risk assessments, with specialized focus on evaluating AI-enabled vendor tools for algorithmic transparency, bias testing, and data governance practices.
6. Manage and track vendor certification/recertification status and maintain the approved vendor list.
7. Manage the program to document, analyze, and fulfill all consumer data privacy requests received by UDR, including state-specific requirements.
8. Advise the business on federal and state privacy compliance issues and best practices in accordance with applicable state laws.
9. Research new and evolving legal requirements as they relate to consumer privacy, AI governance, and relevant GRC domain areas.
10. Advise project teams on data privacy and AI risks associated with specific business activities and data use.
11. Create and edit organizational policies as they pertain to information technology, AI governance, and GRC.
12. Lead the implementation and maintenance of GRC applications, tools, and systems in accordance with program policy and industry best practice.
13. Create and design reporting, metrics, and dashboards to support compliant and transparent IT operations.
14. Communicate with consumers and across the enterprise in a timely, professional, and precise manner.
15. Manage processes for digital forensics and evidence chain of custody for any incident or investigation related to data privacy.
16. Consult with key stakeholders on privacy and AI governance assessments; serve as a subject matter expert for IT Operations.
17. Lead organizational data privacy and AI governance training and awareness efforts.
18. Perform other duties as assigned or as necessary.
EDUCATION AND EXPERIENCE:
1. Bachelor's degree in Information Systems, Cybersecurity, a related field, or equivalent experience required.
2. Minimum of three years' experience in GRC, data privacy, risk management, audit support, and/or information security.
3. Demonstrable advanced knowledge and understanding of data privacy laws, including state-specific laws in Colorado, California, and emerging state privacy laws.
4. Hands-on experience supporting SOX and/or NIST CSF audits, including evidence gathering and control testing.
5. Experience evaluating third-party and vendor risk, including vendors utilizing AI-enabled tools.
6. Working knowledge of AI governance principles, including AI risk assessment, vendor transparency requirements, and fair-housing implications of automated decision-making tools.
7. Work experience with data privacy, third-party risk management, and contract lifecycle management software and tools.
8. Work experience with policy lifecycle processes to include drafting, editing, and publishing preferred.
9. CIPP/US, CIPM, CIPT, CISA, or other related certification preferred.
Benefits Offered:
  • Medical, Dental, Vision Plans
  • Medical Flexible Spending Account
  • Dependent Care Spending Account
  • Lifestyle Spending Account
  • Supplemental Term Life Insurance
  • Critical Illness Plan
  • Supplemental Short-Term Disability Insurance / AD&D Insurance
  • Voluntary Long Term Care Insurance
  • 401(k) Plan with company match

Salary Range:
โ€ข $85,000.00/yr. - $100,000.00/yr., depends on experience
Bonus Potential:
โ€ข Eligible for 10% annual bonus potential, based on personal and company performance
Anticipated Close Date: July 1, 2026
UDR is proud to provide equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
UDR is committed to providing and maintaining a diverse workforce and an inclusive work environment with equitable access and opportunity for associates to participate, grow, and reach their full potential.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.