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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 ...

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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 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 Manager, Emerging Technology Risk

Keybank

Brooklyn, OH • On-site

Full-time

Posted 11 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Location:

4910 Tiedeman Road, Brooklyn Ohio

Position Location Policy

Hybrid Requirement (if within specific cities): If the selected candidate resides in Cleveland, OH, Buffalo, NY, or Albany, NY, are expected to work on-site 3 days per week at the nearest location.

JOB BRIEF (PURPOSE)

The Risk Manager, Emerging Technology Risk 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 effective technology risk management, responsible AI adoption, operational resilience, regulatory readiness, and sustained control performance. This includes partnering closely with business, technology, information security, cybersecurity, model risk, operations, and other risk partners to identify, measure, monitor, and manage risks associated with new or modified Commercial Bank digital and technology systems, including AI-enabled capabilities.

The position requires strong ability to assess emerging risks, translate complex technology and AI concepts into clear business risk narratives, challenge control design, identify automation opportunities, and support disciplined innovation within risk appetite. The ideal candidate brings experience operating in a highly regulated environment, with strong governance, risk assessment, project management, communication, and analytical capabilities, as well as practical knowledge of technology risk, AI risk governance, control design, and operational resilience expectations.

ESSENTIAL JOB FUNCTIONS

  • Provide first line oversight of technology, cybersecurity, digital platform, and AI-related risks impacting the Commercial Bank.
  • Lead and facilitate risk assessments for new technology initiatives, system enhancements, and AI use cases to ensure risks are identified and managed within risk appetite.
  • Evaluate control effectiveness and identify opportunities to strengthen and automate controls across Commercial Bank processes, building from ideation to implementation.
  • Monitor technology incidents, system outages, model breakdowns, and operational disruptions; assess impacts and support remediation efforts.
  • Partner with business, technology, information security, cybersecurity, operations, and risk teams to enhance governance, controls, and operational resilience.
  • Assess and challenge AI use cases, including risks related to data protection, model accuracy, fairness, security, regulatory compliance, and responsible use.
  • Develop and maintain governance processes, risk assessments, dashboards, reporting, and executive-level materials related to technology and AI risk.
  • Support technology change management activities by ensuring risks, controls, and regulatory requirements are appropriately addressed during implementations and enhancements.
  • Serve as the first line liaison for regulatory exams, audits, issue management, and independent reviews related to technology, AI, and operational risk.
  • Identify emerging technology and AI risks, recommend mitigation strategies, and drive continuous improvement of risk management, governance, and control frameworks.

REQUIRED QUALIFICATIONS

  • Bachelor's degree required; industry experience preferred
  • Experience in risk management, first line of risk, governance, or risk oversight
  • Working Knowledge of Technology / Artificial Intelligence Risk Governance knowledge
  • Experience working in a highly regulated industry, preferably Banking or Financial Services
  • Knowledge of technology risk, cybersecurity risk, digital platform risk, operational resilience, and control design principles
  • Experience in utilizing technology to implement automated business solutions
  • Experience evaluating control design and effectiveness, including manual versus automated controls and automation opportunities
  • Experience supporting or interacting with regulatory exams, internal audits, or control reviews
  • Advanced proficiency in Excel, Python, and SQL; experience with Salesforce and PowerPoint preferred
  • Strong project management experience with ability to manage multiple initiatives, stakeholders, and competing priorities
  • Strong ability to analyze data, synthesize insights, and develop clear, concise narratives
  • Experience with reporting, analytics, governance, workflow, or GRC platforms.
  • Excellent communication skills, including demonstrated ability to partner effectively, build networks, and influence across functions

PREFERRED QUALIFICATIONS

  • Experience supporting technology, digital, or AI related risk initiatives within a Commercial Bank or Financial Services environment
  • Experience supporting regulatory exams, audits, issue management, or remediation activities
  • Experience with model risk management, model inventory governance, model breakdown assessments, or remediation oversight
  • Professional certifications related to risk, technology, cybersecurity, AI governance, audit, or project management (preferred but not required)

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: 09/04/2026 KeyCorp 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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