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Contract Model Risk Governance Jobs in Ohio (NOW HIRING)

US Bank

Quantitative Modeler Manager - AML

Columbus, OH

$53 - $68.50/hr

Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program. * Ongoing model monitoring in ...

KeyBank

AI Risk Lead

Brooklyn, OH · On-site

... governance frameworks, including: * Registration and tracking of AI models and autonomous agents ... KRIs/KPIs for AI risk * Issue identification, escalation, and remediation tracking * Act as a ...

Keybank

AI Risk Lead

Brooklyn, OH

... governance frameworks, including: * Registration and tracking of AI models and autonomous agents ... KRIs/KPIs for AI risk * Issue identification, escalation, and remediation tracking * Act as a ...

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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 popular job titles related to Contract Model Risk Governance jobs in Ohio? For Contract Model Risk Governance jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Ohio look for? The top searched job categories for Contract Model Risk Governance jobs in Ohio are:
What cities in Ohio are hiring for Contract Model Risk Governance jobs? Cities in Ohio with the most Contract Model Risk Governance job openings:
Contract Model Risk Governance jobs near you
Risk Governance Manager- Credit & Lending

Risk Governance Manager- Credit & Lending

KeyBank

Cleveland, OH • On-site

Full-time

Posted 8 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 98 frontline employees who took The Breakroom Quiz

51st of 170 rated banks

Job description

Location:
127 Public Square, Cleveland Ohio
Location: Cleveland, OH or Buffalo NY preferred.
  • Hybrid Requirement (if within specific cities): Selected candidate resides in Key Bank footprint are expected to work on-site 3 days per week at the nearest KeyBank office (non-branch location).
  • Remote Option: If the selected candidate lives outside of KeyBank's geographic footprint, the position will be considered fully remote.

JOB BRIEF (PURPOSE)
The Governance Manager - Credit & Lending serves as a key member of the first line Risk team within the Commercial Bank, with responsibility for executing and overseeing governance activities related to the Commercial lending portfolio, including Middle Market and Financial Sponsor relationships.
The role is accountable for establishing, managing, and enhancing governance processes that support sound credit risk management, regulatory readiness, and effective portfolio oversight. This includes partnering closely with business, risk, and control functions to support delinquency oversight, risk assessments, regulatory examinations, internal audits, portfolio reviews, and executive-level reporting.
The position requires a strong ability to translate data and risk insights into clear narratives, manage complex cross-functional initiatives, and provide credible challenge and oversight while enabling disciplined growth. The ideal candidate brings experience operating in a highly regulated lending environment, with strong project management, communication, and analytical capabilities.
ESSENTIAL JOB FUNCTIONS
  • Support governance activities tied to the Commercial lending portfolio, including oversight of delinquency trends, forecasting, and emerging credit risk themes
  • Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting
  • Review and assess risk acceptance requests related to Middle Market and other Commercial lending activities, ensuring alignment with risk appetite, policy requirements, and governance expectations
  • Manage the Middle Market Financial Sponsor review process, including:
    • Developing and maintaining review documentation
    • Facilitating sponsor review forums and governance discussions
    • Preparing summary materials and outcomes for leadership
  • Design and implement an annual Financial Sponsor portfolio review process, leveraging internal data and partnering with stakeholders to:
    • Build dashboards and reporting
    • Identify risk themes, concentrations, and trends
    • Deliver clear, executive-ready insights
  • Assist in the preparation and management of monthly and periodic business reviews for the Commercial loan portfolio
  • Synthesize large volumes of information into clear narratives, key takeaways, and actionable recommendations for senior leadership
  • Serve as a first-line liaison for regulatory exams, internal audits, and independent risk reviews related to credit and lending activities
  • Coordinate collection of documentation, responses, and evidence from business partners
  • Track and support remediation of findings, issues, and action plans related to governance or portfolio oversight
  • Partner effectively with business leaders, second line risk management, compliance, operations, and finance to enhance governance processes
  • Identify opportunities to improve oversight frameworks, reporting, and governance efficiency
  • Maintain strong awareness of regulatory expectations, internal policies, and industry trends impacting Commercial credit and lending activities

REQUIRED QUALIFICATIONS
  • Bachelor's degree required; industry experience preferred
  • Experience in risk management, first line of risk, governance, or risk oversight
  • Credit or lending knowledge within a Commercial or Banking environment
  • Experience working in a highly regulated industry, preferably Banking or Financial Services
  • Project management experience, including managing multiple workstreams and stakeholders
  • Experience supporting or interacting with regulatory exams, internal audits, or control reviews
  • Demonstrated ability to present to senior leadership and executives
  • Advanced proficiency in Excel and PowerPoint; experience with Salesforce and Tableau preferred
  • Proven track record of creating, implementing, and sustaining governance or oversight processes
  • Strong ability to analyze data, synthesize insights, and develop clear, concise narratives
  • Excellent communication skills
  • Strong organizational skills with the ability to manage competing priorities
  • Demonstrated ability to partner effectively, build networks, and influence across functions

PREFERRED QUALIFICATIONS
  • Prior experience supporting Commercial Bank or Middle Market portfolios
  • Familiarity with Financial Sponsor business models and portfolio monitoring
  • Experience with portfolio dashboards, risk metrics, or credit analytics
  • Exposure to risk governance forums, business risk committees, or portfolio review processes
  • Professional certifications related to risk, credit, audit, or project management (preferred, not required)

PHYSICAL DEMANDS
  • This role requires standard office-based physical activities such as sitting, standing, and working at a computer for extended periods.

TRAVEL/ DRIVING REQUIREMENTS
  • Minimal to no travel expected

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be mobile or home based, which means you may work either at a home office or in a Key facility to perform your job duties.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 07/31/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

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Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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