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Contract Model Risk Governance Jobs in Texas (NOW HIRING)

Cyber Security Risk Governance Senior Associate

Coppell, TX ยท On-site

$93K - $119K/yr

DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays ... The Cyber Security Risk Governance Senior Associate role supports the execution and coordination of ...

Director, AI Governance, Risk & Resilience

Austin, TX ยท On-site

$231K - $241K/yr

... improvement of governance, operational resilience, and risk management practices supporting ... This role serves as a key leader responsible for operationalizing and advancing Model Risk ...

Act as a primary escalation point for model risk, governance issues, technical challenges, partnering with risk, compliance as needed. * Lead model review and approval processes, ensuring all models ...

Director, AI Governance, Risk & Resilience

Austin, TX ยท On-site

$231K - $241K/yr

... improvement of governance, operational resilience, and risk management practices supporting ... This role serves as a key leader responsible for operationalizing and advancing Model Risk ...

SENIOR MODELING LEAD

Houston, TX ยท On-site

$145K - $165K/yr

Act as a primary escalation point for model risk, governance issues, technical challenges, partnering with risk, compliance as needed. * Lead model review and approval processes, ensuring all models ...

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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?

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 cities in Texas are hiring for Contract Model Risk Governance jobs? Cities in Texas with the most Contract Model Risk Governance job openings:
Infographic showing various Contract Model Risk Governance job openings in Texas as of August 2026, with employment types broken down into 2% As Needed, 81% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution.

Governance Risk and Compliance Risk Register Analyst

Lorven Technologies

Irving, TX โ€ข On-site

Full-time

Re-posted 8 days ago


Job description

Role: Governance Risk and Compliance Risk Register Analyst
Location: 100% Remote, Work Location With-in the United States.
Need consultant who having state experience- State of TX experience is plus
Contract role
Job description:
Define end to end governance workflows for:
o Risk identification and intake
o Risk review and validation
o Risk acceptance, mitigation, or transfer
o Ongoing monitoring and periodic reassessment
โ€ข Establish roles and responsibilities for risk owners, reviewers, and governance bodies.
โ€ข Design escalation and reporting processes for high risk and accepted risks.
โ€ข Engage key stakeholders across business, technology, security, and governance functions to validate risk requirements and workflows.
โ€ข Facilitate working sessions or workshops to socialize the risk register and governance processes.
โ€ข Support onboarding of initial risks into the enterprise risk register.
Produce clear, audit ready documentation covering:
o Risk register structure and data definitions
o Risk scoring methodology
o Governance workflows and decision authorities
โ€ข Provide knowledge transfer to designated security staff to ensure sustainability beyond the contract term.
The contractor shall provide the following deliverables during the engagement:
1. Enterprise Risk Register Framework
o Standardized risk register template and taxonomy
2. Risk Scoring and Prioritization Model
o Documented likelihood and impact scales
o Scoring methodology and prioritization logic
3. Risk Governance Model
o Defined workflows for risk intake, review, acceptance, and monitoring
o Roles and responsibilities matrix
4. Initial Population of Risk Register
o Initial set of documented risks reflecting current cybersecurity and technology risk posture
5. Final Documentation Package
o Consolidated guidance and operating procedures for ongoing risk management
II. CANDIDATE SKILLS AND QUALIFICATIONS
๎„“
Minimum Requirements:
Candidates that do not meet or exceed the minimum stated requirements (skills/experience) will be displayed to customers but may not be chosen for this opportunity.
Years
Required/Preferred
Experience
8
Required
Experience with Risk Register Design and Framework
8
Required
Experience with Risk Scoring and Prioritization Model
8
Required
Experience with Governance Processes and Workflows
8
Required
Experience with Stakeholder and Enablement
8
Required
Demonstrated skill with documentation and knowledge transfer

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About Lorven technologies

Sourced by ZipRecruiter

Lorven Technologies, headquartered in Plainsboro, New Jersey, United States, is a reputable company in the technology industry, specializing in providing effective IT solutions and consulting services. The company's official website, lorventech.com, offers comprehensive insights into its offerings which include but are not limited to software development, IT consulting, project management, and business analysis. Since its inception, Lorven Technologies has been committed to ensuring efficiency and reliability in delivering IT services to its global clientele, establishing itself as a trusted name in the industry.

Industry

It services

Company size

51 - 200 Employees

Headquarters location

Plainsboro, NJ, US

Year founded

2001

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