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Contract Model Risk Governance Jobs in Georgia (NOW HIRING)

Credit Risk Lead

Atlanta, GA · On-site

$100 - $130/hr

Governance, Compliance and Quality Assurance * Own and maintain the Risk Governance Framework ... Strong understanding of credit underwriting principles, data science model application, risk ...

Governance, Compliance and Quality Assurance * Own and maintain the Risk Governance Framework ... Strong understanding of credit underwriting principles, data science model application, risk ...

Senior Credit Risk Analyst

Atlanta, GA · On-site

$110 - $140/hr

Be aware of our Risk Governance Frameworks including Credit Risk Policy and Process documentation ... Proven understanding of credit underwriting principles, data science model application, risk ...

Be aware of our Risk Governance Frameworks including Credit Risk Policy and Process documentation ... Proven understanding of credit underwriting principles, data science model application, risk ...

Be aware of our Risk Governance Frameworks including Credit Risk Policy and Process documentation ... Proven understanding of credit underwriting principles, data science model application, risk ...

Showing results 21-40

Contract Model Risk Governance information

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 key skills and qualifications needed to thrive in contract model risk governance?

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 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 Georgia?

The most popular types of Model Risk Governance jobs in Georgia are:

What are popular job titles related to Contract Model Risk Governance jobs in Georgia?

For Contract Model Risk Governance jobs in Georgia, the most frequently searched job titles are:

What job categories do people searching Contract Model Risk Governance jobs in Georgia look for?

The top searched job categories for Contract Model Risk Governance jobs in Georgia are:

What cities in Georgia are hiring for Contract Model Risk Governance jobs?

Cities in Georgia with the most Contract Model Risk Governance job openings:

Lead Technology Governance Consultant - IT Asset Risk Classification Governance

Fayette Chamber of Commerce

Atlanta, GA • On-site

$120 - $180/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Key responsibilities

  • Design, govern, and improve the enterprise technology asset risk classification methodology.

  • Partner with cybersecurity, operational resilience, data governance, technology risk, and business stakeholders to establish risk-based criteria and scoring models.

  • Lead the development and maintenance of a comprehensive risk scoring framework and provide governance oversight to ensure its accuracy and alignment with enterprise risk management objectives.


Job description

Please review the following job description:

Regular or Temporary: Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

The IT Asset Risk Classification (ITARC) Governance Lead is responsible for the design, governance, and continuous improvement of the enterprise technology asset risk classification methodology. This role partners across Cybersecurity, Operational Resilience, Data Governance, Technology Risk, and business stakeholders to establish risk-based criteria, define scoring models, and ensure consistent assessment of technology assets based on their inherent and residual risk characteristics.

The position leads the development and maintenance of a comprehensive risk scoring framework that incorporates cybersecurity, resilience, data sensitivity, business criticality, and regulatory considerations into a consolidated ITARC score. The individual is responsible for defining risk indicators, establishing weighting methodologies, validating scoring outcomes, and providing governance oversight to ensure the methodology remains accurate, auditable, and aligned with enterprise risk management objectives.

This role requires a strong understanding of technology governance, risk management, cybersecurity, resilience, and data management principles, along with the analytical skills necessary to translate complex risk factors into meaningful and actionable risk classifications. The successful candidate will support executive reporting, risk prioritization, audit and regulatory inquiries, and strategic decision-making by providing reliable and defensible technology risk insights across the enterprise.

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Leads complex technology governance assessments, control design, and/or testing initiatives.
  • Advises senior leaders on technology risk posture and control effectiveness.
  • Designs and enhances enterprise technology governance frameworks.
  • Guides remediation strategies for significant or systemic risk issues.
  • Mentors and provides technical guidance to other governance professionals.
QualificationsRequired Qualifications
  • Bachelor's degree in Information Technology, Information Security, Engineering, or related field.
  • Extensive experience in technology governance or related disciplines.
  • Demonstrated expertise in regulatory requirements and control frameworks.
Preferred Qualifications
  • Master's degree in a relevant technical or business discipline.
  • Experience in the financial services industry.
  • Professional certifications such as CRISC, COBIT, CGEIT, CISM3, or equivalent.
  • Strong knowledge of cybersecurity capabilities and frameworks and financial industry regulations.
  • Proven ability to manage complex technology governance projects, programs, and initiatives.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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