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Contract Model Risk Governance Jobs in Louisiana

The Mutual Group

Lead AI Solutions Engineer

Iowa, LA · On-site +1

$90K - $119K/yr

Partner with Security, Data, Architecture, and AI & Technology Risk Governance teams to ensure AI ... Model a hands-on, accountable, continuous-learning mindset that raises the bar for engineering ...

The Mutual Group

Lead AI Solutions Engineer

Iowa, LA · On-site

$150 - $170/hr

Partner with Security, Data, Architecture, and AI & Technology Risk Governance teams to ensure AI ... Model a hands-on, accountable, continuous-learning mindset that raises the bar for engineering ...

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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 Louisiana?

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

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

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

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

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

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

Contract Model Risk Governance jobs near you

AI Model Risk Validation Specialist

Iowa, LA • On-site

The Mutual Group
See more jobs at The Mutual Groupexternal

$100 - $130/hr

Other

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

* Lead twice-annual validation of AI Systems* Monitor predictive models for: + Drift + Stability + Performance degradation* Ensure monitoring practices align with AIS Program requirements* Recommend corrective actions when performance or risk thresholds are breached* 5+ years in data science, model risk management, or AI/ML validation* Experience working with predictive models in regulated environments (insurance or financial services preferred)* Strong understanding of: + Machine learning models and statistical techniques + Model evaluation and validation methodologies + Bias and fairness concepts + Model lifecycle management* Familiarity with: + NAIC AI Model Bulletin + NIST AI RMF + Model governance and validation standards* Ability to translate technical findings into business and risk implications #J-18808-Ljbffr

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