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Contract Model Risk Governance Jobs in Dallas, TX

Contract - 13 months Pay Range: $58.35/hr (W2) Job ID: 373363 About BCforward BCforward is a ... Drive model risk strategy for Global Technology through monitoring and oversight of model and ...

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Contract Model Risk Governance information

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$9

$45

$141

How much do contract model risk governance jobs pay per hour?

As of Jun 14, 2026, the average hourly pay for contract model risk governance in Dallas, TX is $45.22, according to ZipRecruiter salary data. Most workers in this role earn between $14.76 and $71.35 per hour, depending on experience, location, and employer.

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 Dallas, TX? For Contract Model Risk Governance jobs in Dallas, TX, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Dallas, TX look for? The top searched job categories for Contract Model Risk Governance jobs in Dallas, TX are:
What cities near Dallas, TX are hiring for Contract Model Risk Governance jobs? Cities near Dallas, TX with the most Contract Model Risk Governance job openings:
Model Risk Governance Officer

Model Risk Governance Officer

BOK Financial

Addison, TX

Other

Posted yesterday


Job description

Req ID: 78167 

Location: Tulsa -TUL, Dallas -DAL, Fort Worth -FTWT, Oklahoma City -OKC 

Areas of Interest: Risk Management; Business/Technical Analysis; Data; Enterprise Data; Finance 

Pay Transparency Salary Range: Not Available 

Application Deadline: 07/02/2026

BOK Financial Corporation Group includes BOKF, NA; BOK Financial Securities, Inc. and BOK Financial Private Wealth, Inc. BOKF, NA operates TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial.

Bonus Type
Discretionary
Summary

This role sits within BOK Financial's Enterprise Risk Management team, where the focus is on identifying and assessing model risk across the organization and ensuring models are used effectively to support sound business decisions. As a Model Risk Governance Officer, you'll work across the bank to evaluate models, provide independent challenge, and deliver insights that help leaders operate within the organization's risk tolerance. This is a strong opportunity for someone who enjoys applying technical concepts in a real-world environment, partnering across teams, and influencing outcomes through thoughtful analysis and communication.

Job Description

In this role, you'll lead model validation and governance efforts, providing independent review and effective challenge to models used across the bank. You'll partner closely with model owners, developers, and business leaders to assess model design, performance, and controls-identifying risks, recommending practical enhancements, and supporting issue resolution. You'll also oversee third-party validations, manage aspects of the model inventory and reporting, and contribute to the ongoing maturation of the model risk framework. Success in this role requires strong judgment, the ability to balance ideal vs. practical outcomes, and confidence navigating complex stakeholder conversations.

This is an ideal opportunity for someone who can balance technical rigor with practical application and is comfortable challenging stakeholders while building strong working relationships.

Team Culture

This is a collaborative, team-oriented group within ERM that values accountability, curiosity, and strong partnership across the organization. The team operates with a high level of autonomy-individuals are trusted to own their work, manage their portfolio, and engage directly with stakeholders, including in situations that require thoughtful challenge or redirection. There's an emphasis on continuous improvement, practical problem-solving, and maintaining a balanced, supportive environment while working through complex and sometimes ambiguous situations.

How You'll Spend Your Time
  • Lead model validation and annual review activities, identifying risks and documenting findings
  • Provide effective challenge to model design, performance, and controls, recommending practical enhancements
  • Partner with model owners, developers, and business leaders to support governance and issue resolution
  • Oversee third-party validation engagements, ensuring quality, scope alignment, and timely delivery
  • Maintain model inventory and support reporting, documentation, and regulatory expectations
  • Communicate insights, risks, and recommendations to stakeholders and oversight committees
  • Manage your own portfolio of models while identifying opportunities to strengthen governance and improve processes
Education & Experience Requirements

The required level of knowledge is normally acquired through a Bachelor's degree in Finance, Business, Engineering or Mathematics and 3-4 years related model validation, risk management, audit, or compliance in a financial institution or an equivalent combination of education/experience.

  • Demonstrated capabilities pertaining to policy review, model reviews/monitoring, certification standards, inventory management, and issues management.
  • Extensive experience in report compilation and distribution
  • Advanced Word, Excel and PowerPoint skills
  • Self-motivation, discipline, task focus, and a proven record of delivering high quality results within strict deadlines.
  • Intellectual curiosity; solid problem-solving abilities and attention to detail; and prompt follow-through
  • Strong oral and written communication skills to effectively represent self and BOKF, as well as ability to translate complex findings and issues in a clear and concise manner to model owners
  • General knowledge of financial theory, statistics, numerical analysis, principals of corporate finance and their applicability to financial institutions 
  • General knowledge of model risk management

BOK Financial Corporation Group is a stable and financially strong organization that provides excellent training and development to support building the long term careers of employees. With passion, skill and partnership you can make an impact on the success of the bank, customers and your own career!  
Apply today and take the first step towards your next career opportunity!
The companies in BOK Financial Corporation Group are equal opportunity employers.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, pregnancy status, sexual orientation, genetic information or veteran status.

Please contact recruiting_coordinators@bokf.com with any questions.Â