IT Risk Senior
Mclean, VA · On-site
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
IT Risk Senior
Mclean, VA · On-site
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Risk Officer
Washington, DC · On-site
Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with ...
Risk Officer
Washington, DC · On-site
Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with ...
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
Manager, Model Risk
Sterling, VA · On-site
Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks. * Prepare and present reports on model risk to ...
Manager, Model Risk
Sterling, VA · On-site
Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks. * Prepare and present reports on model risk to ...
AVP, AI Risk and Governance
Arlington, VA · On-site
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
AVP, AI Risk and Governance
Arlington, VA · On-site
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
AVP, AI Risk and Governance
Arlington, VA · On-site
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
AVP, AI Risk and Governance
Arlington, VA · On-site
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
AVP, AI Risk and Governance
Arlington, VA · On-site +1
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
AVP, AI Risk and Governance
Arlington, VA · On-site +1
$117K - $195K/yr
The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...
Senior Director, Model Risk
Sterling, VA · On-site
Establish and enforce effective model governance policies, procedures, and standards. * Collaborate with cross-functional teams to develop and maintain model risk management policies and guidelines.
Senior Director, Model Risk
Sterling, VA · On-site
Establish and enforce effective model governance policies, procedures, and standards. * Collaborate with cross-functional teams to develop and maintain model risk management policies and guidelines.
AVP, AI Risk and Governance
Arlington, VA · On-site
$117.21 - $195.29/hr
Evaluate AI governance practices such as bias mitigation techniques and explainability ... Collaborate with cross‑functional teams to ensure AI models align with AI risk frameworks and ...
AVP, AI Risk and Governance
Arlington, VA · On-site
$117.21 - $195.29/hr
Evaluate AI governance practices such as bias mitigation techniques and explainability ... Collaborate with cross‑functional teams to ensure AI models align with AI risk frameworks and ...
... Governance of the model risk and validation framework across WBG institutions including IFC Quarterly reporting to the Board, Audit Committee, MDCFO, and CROVP leadership CROMC is seeking a Risk ...
... Governance of the model risk and validation framework across WBG institutions including IFC Quarterly reporting to the Board, Audit Committee, MDCFO, and CROVP leadership CROMC is seeking a Risk ...
Capital One's Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the ...
Capital One's Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the ...
Risk Manager
Washington, DC · On-site
Maintain consistent billable utilization aligned with organizational and contract expectations. * Represent the organization professionally in all client engagements. Risk Governance & Program ...
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Risk Manager
Washington, DC · On-site
Maintain consistent billable utilization aligned with organizational and contract expectations. * Represent the organization professionally in all client engagements. Risk Governance & Program ...
Risk Manager
Washington, DC · On-site
Maintain consistent billable utilization aligned with organizational and contract expectations. * Represent the organization professionally in all client engagements. Risk Governance & Program ...
Risk Manager
Washington, DC · On-site
Maintain consistent billable utilization aligned with organizational and contract expectations. * Represent the organization professionally in all client engagements. Risk Governance & Program ...
Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and ...
Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and ...
Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and ...
Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end-to-end risk governance across credit, capital, model, and ...
Evaluate relevant ecosystems by assessing governance frameworks, risk management practices, AI/model lifecycle controls, the effectiveness of oversight activities across the first and second lines of ...
Evaluate relevant ecosystems by assessing governance frameworks, risk management practices, AI/model lifecycle controls, the effectiveness of oversight activities across the first and second lines of ...
Evaluate relevant ecosystems by assessing governance frameworks, risk management practices, AI/model lifecycle controls, the effectiveness of oversight activities across the first and second lines of ...
Evaluate relevant ecosystems by assessing governance frameworks, risk management practices, AI/model lifecycle controls, the effectiveness of oversight activities across the first and second lines of ...
Contract Model Risk Governance information
See Fairfax, VA salary details
$17.03 is the 25th percentile. Wages below this are outliers.
$10.32 - $22.63
46% of jobs
The median wage is $25.22 / hr.
$22.63 - $34.94
20% of jobs
$34.94 - $47.24
3% of jobs
$57.79 is the 75th percentile. Wages above this are outliers.
$47.24 - $59.55
7% of jobs
$59.55 - $71.86
0% of jobs
$71.86 - $84.17
7% of jobs
$84.17 - $96.48
13% of jobs
$96.48 - $108.78
2% of jobs
$108.78 - $121.09
0% of jobs
$121.09 - $133.40
1% of jobs
$133.40 - $145.71
1% of jobs
$10
$46
$145
How much do contract model risk governance jobs pay per hour?
As of Aug 14, 2026, the average hourly pay for contract model risk governance in Fairfax, VA is $46.73, according to ZipRecruiter salary data. Most workers in this role earn between $15.24 and $73.70 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?
| Aspect | Contract Model Risk Governance | Contract Model Validation |
|---|---|---|
| Primary Focus | Overseeing and managing risks associated with contract models, ensuring compliance and risk mitigation | Assessing and testing contract models to ensure accuracy and reliability |
| Responsibilities | Establishing policies, monitoring risk exposure, and implementing controls | Performing independent reviews, testing model assumptions, and validating outputs |
| Work Environment | Risk management teams, compliance departments, regulatory interactions | Quantitative 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 are popular job titles related to Contract Model Risk Governance jobs in Fairfax, VA?
For Contract Model Risk Governance jobs in Fairfax, VA, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Fairfax, VA look for?
The top searched job categories for Contract Model Risk Governance jobs in Fairfax, VA are:
What cities near Fairfax, VA are hiring for Contract Model Risk Governance jobs?
Cities near Fairfax, VA with the most Contract Model Risk Governance job openings:
Freddie Mac rating
9.2
Based on 5 frontline employees who took The Breakroom Quiz
Job description
At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
The Enterprise Operations & Technology (EO&T) Risk Governance Team provides risk management support for the maturation of the EO&T division's model risk governance process, third-party vendor risk governance activities, and the enterprise-wide adoption of the AI risk governance framework. We work closely with all three lines of defense and business partners to execute a broad range of risk governance and risk mitigation activities.
Our Impact:
Your Impact:
Qualifications:
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $111,000 - $167,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
Position Overview:
The Enterprise Operations & Technology (EO&T) Risk Governance Team provides risk management support for the maturation of the EO&T division's model risk governance process, third-party vendor risk governance activities, and the enterprise-wide adoption of the AI risk governance framework. We work closely with all three lines of defense and business partners to execute a broad range of risk governance and risk mitigation activities.
Our Impact:
- Develop and mature model governance operations for EO&T division to promote robust model governance that are compliant with regulatory standards
- Support the end-to-end process for enterprise-wide Artificial Intelligence (AI) solution and GenAI use case intake, assessment and inventory
- Support critical third-party vendor risk management activities
- Develop, enhance, and maintain critical technology solutions to support corporate-wide AI adoptions
- Execute risk mitigant processes to support compliance with model and AI governance requirements
- Develop and prepare regular reports for key stakeholders on the state of AI governance and compliance
- Facilitate processes for continuous monitoring and reporting of compliance with regulatory and standard requirements
Your Impact:
- Support the development and enhancement of divisional model governance operating processes and procedures
- Support process automation initiatives to improve operational efficiency and scalability
- Participate in operational control testing activities to assess control execution effectiveness
- Support third-party vendor risk governance activities, including vendor SOC reviews and Enhanced Information Risk Reviews
- Support day-to-day administration of the AI Clearinghouse, including AI solution and use case intake activities, stakeholder support, and anomaly resolution
- Participate in AI governance platform and tool enhancements, including requirements gathering, user acceptance testing, and deployment support
- Support management reporting, metrics, and analysis related to model governance, AI governance, and compliance activities
- Assist in enhancing operational processes, including drafting new and updating existing procedures, user guides, and job aids
- Collaborate with business, technology, and risk stakeholders to support governance initiatives and process improvements
Qualifications:
- Bachelor's degree in Computer Science, Information Systems, Finance, Risk Management or a related field. Advanced degree (MBA, MS, or equivalent) preferred.
- Minimum of 6 years of experience in model risk governance, AI/ML risk management, operational risk management, technology risk management, or related governance and compliance functions.
- Working knowledge of the COSO Internal Control Framework, NIST frameworks and controls, operational risk management principles, and financial industry governance and compliance practices.
- Previous experience in IT audit, operational risk management, regulatory compliance, or a Big Four consulting environment is preferred.
- Relevant professional certifications such as CISA, CISSP, CISM, CPA, CIA, Security+, or similar credentials are strongly desired
- Strong technical, analytical, problem-solving, and critical thinking skills
- Excellent written, verbal, and interpersonal communication skills
- Self-motivated and proactive professional with a strong sense of ownership and accountability
- Ability to adapt quickly and effectively to changing priorities and business needs
- Ability to manage competing priorities and deliver high-quality results in a fast-paced environment.
- Ability to work independently while fostering collaboration across diverse teams and stakeholders
- Intellectual curiosity and passion for learning emerging technologies, industry trends, and evolving regulatory requirements
- Strong organizational and project management skills with attention to detail and commitment to quality
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $111,000 - $167,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
About Freddie Mac
Sourced by ZipRecruiter
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
McLean, VA, US
Year founded
1970