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Contract Model Risk Governance Jobs in Colorado (NOW HIRING)

Actuary - Auto and Property Modeling

Colorado Springs, CO · On-site +1

$114.80K - $135K/yr

Knowledge of Model Risk Management, Model Governance, and Regulatory requirements. * US military experience through military service or a military spouse/domestic partner. Compensation range: The ...

Actuary - Auto and Property Modeling

Colorado Springs, CO · On-site +1

$114.80K - $135K/yr

Knowledge of Model Risk Management, Model Governance, and Regulatory requirements. * US military experience through military service or a military spouse/domestic partner. Compensation range: The ...

IT Governance Manager

Denver, CO · On-site

$100K - $110K/yr

Description: The IT Governance Manager acts as a liaison between the bank's Risk, Audit ... Risk and IT Services Leadership * Main IT point of contact with Contract and Vendor Management ...

IT Governance Manager

Denver, CO · On-site

$100K - $110K/yr

The IT Governance Manager acts as a liaison between the bank's Risk, Audit & Compliance functions ... Risk and IT Services Leadership * Main IT point of contact with Contract and Vendor Management ...

Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit ... As a Senior Manager you will support the firm's AI Governance Program development and manage risk ...

Description: The IT Governance Manager acts as a liaison between the bank's Risk, Audit ... Risk and IT Services Leadership * Main IT point of contact with Contract and Vendor Management ...

... model, and Board-level risk dashboards. * Build, execute, and document a risk-based annual testing plan covering operational, financial, technology, and governance risks (excluding BSA/AML and ...

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Showing results 1-20

Contract Model Risk Governance information

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 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 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 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 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:

Technical Architect - Data, Analytics & AI

Munich Re

Boulder, CO • Hybrid

$67 - $86.25/hr

Other

Medical, Life, Retirement, PTO

Posted 21 days ago


Job description

Location: Princeton, New Jersey Hybrid 40-50% onsite 

Role Overview

We are seeking a Technical Architect (TA) with deep expertise in Data, Analytics, and Artificial Intelligence (AI) to join the IT Enterprise Architecture organization. This role is accountable for proactively leading data, analytics, and AIdriven technology transformation initiatives and enabling measurable business outcomes across the enterprise.

The Technical Architect will play a critical role in transforming local, legacy, datadriven processes, and systems into centralized, scalable, and groupwide platforms, while ensuring alignment with enterprise architecture standards and business strategy.

Technical Architects provide technical leadership across analysis, design, facilitation, and execution, supporting the evolution of enterprise Data, Analytics, and AI capabilities and the associated application portfolios and technology stacks. The role owns the creation of key architectural deliverables such as targetstate architectures, transformation roadmaps, standards, and guidelines to enable successful project delivery and longterm strategic outcomes.

This position is based in the USA and ensures that Data, Analytics, and AI architecture vision, principles, and standards are consistently executed through a common enterprise framework, with a strong emphasis on cloudbased data platforms, AI enablement, and data governance.

The ideal candidate will help advance organizational directives around simplification, modernization, and innovation by providing architectural leadership in enterprise data platforms, integration components, and AIenabled data strategies.

Key Responsibilities

  • Assist in the development of a multiyear Data, Analytics, and AI roadmap, aligned with the Munich Re Target Architecture and Roadmap Development Process, in collaboration with Data & Analytics Enterprise Architects.
  • Drive standardization of Data, Analytics, and AI technology standards, principles, and guidelines across multiple business entities.
  • Define and maintain technical standards for enterprise data management, analytics platforms, and AI enablement capabilities.
  • Design and guide datacentric and AIenabled initiatives, supporting the transition from traditional data architectures to nextgeneration cloud, analytics, and AI platforms.
  • Act as an evangelist and ambassador for enterprise architecture standards including Data Governance. Data Intake and Ingestion. Data Modeling, Data Integration, Analytics and AI lifecycle management
  • Collaborate closely with Business Solutions teams, Technology Architects, and Enterprise Data Architects across initiatives and implementations.
  • Identify technologyrelated business pain points by mapping business capabilities to current platforms, leveraging EA practices and participating in innovation activities, including AI adoption.
  • Enable IT development and infrastructure teams to make informed technology decisions through frameworks, reference architectures, standards, and reusable patterns.
  • Identify technical risks, architectural gaps, and vulnerabilities that could impact project delivery or lead to postrelease defects.
  • Reduce cost and complexity through standardization, reuse, and rationalization of data, analytics, and AI platforms.
  • Partner with EA and TA peers (enterprise, solution, and business architects) to derive the futurestate technology architecture, aligned to business strategy and external trends.
  • Define migration and transformation plans to close gaps between current and target states, in alignment with Business Solutions and Business Technology Architects.
  • Support governance, assurance, and compliance activities to ensure alignment with enterprise architecture standards and policies.
  • Assess and articulate the organizational, skills, process, and financial impact of changes to the application portfolio, data platforms, and AI stack.
  • Define and govern enterprise AI architecture standards, including model lifecycle management, MLOps, and AI platform integration.
  • Ensure responsible and compliant AI adoption, aligned with AI governance, model risk management, data privacy, and security controls.
  • Guide the integration of AI/ML capabilities into analytics platforms, including predictive, prescriptive, and generative AI use cases.
  • Collaborate with Data Science, Engineering, Security, and Risk teams to enable scalable, secure, and explainable AI solutions.
  • Establish architectural patterns for AI model deployment, monitoring, versioning, and retraining in cloud environments.
  • Evaluate emerging AI technologies, tools, and platforms and provide strategic recommendations for enterprise adoption.

 

Your Profile

  • 4+ years of experience in Enterprise Architecture or Technical Architecture.
  • Bachelor's or Master's degree in Computer Science, Engineering, Information Systems, Mathematics, or Business (or equivalent).
  • Strong experience with cloud platforms and services, including:
    • Azure (e.g.; Azure AI Studio, Azure Data Services and tools)
    • AWS  (e.g.; Amazon Bedrock, Sagemaker, Data Services and tools)
    • Databricks
  • Handson experience with enterprise data concepts, including:
    • Data Intake and Ingestion
    • Data Warehousing
    • Data Lakes / Lakehouse architectures
    • ETL / ELT
    • Interactive and operational reporting
    • Statistical and regulatory reporting
    • Master Data Management (MDM)
    • Data Governance, Quality, Security, Audit, Balance & Control
  • Solid understanding of enterprise architecture practices, including:
    • Architectural patterns
    • Roadmaps
    • Architecture Review Boards
    • Solution Design Boards
  • Experience defining data management and AI roadmaps, cloudbased services, and reusable architectural patterns.
  • Experience integrating operational data with enterprise data lakes.
  • Strong understanding of data integration challenges and solution patterns.
  • Experience with statistical and data science languages such as Python and R (strong asset).
  • Exposure to AI/ML concepts, including model development, deployment, monitoring, and MLOps (required).
  • Familiarity with Generative AI concepts, AI platforms, and enterprise adoption considerations (strong asset).
  • Strong business acumen with deep understanding of:
    • Financial systems
    • Corporate and backoffice systems
    • Enterprise data management, analytics, and AI technology landscape
  • Strong problemsolving skills, unquestioned integrity, and high collaboration capability.
  • Passion for innovation, continuous improvement, modernization, and change management.
  • Excellent written and verbal communication skills, with the ability to communicate effectively at all levels.
  • High sense of ownership, accountability, and pride in delivered outcomes.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company's Princeton location.

The base salary range anticipated for this position is $141,800 - $207,900 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range for candidates hired in this position in Princeton. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.