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Contract Model Risk Governance Jobs in Houston, TX

bwp

Data Governance Lead

Houston, TX

... model, overseeing policies, standards, and procedures, and embedding governance practices across ... Collaborate with Risk, Compliance, Cybersecurity, and IT teams to manage data risks, implement ...

Bwpmlp

Data Governance Lead

Houston, TX · On-site

$120 - $190/hr

... model, overseeing policies, standards, and procedures, and embedding governance practices across ... Collaborate with Risk, Compliance, Cybersecurity, and IT teams to manage data risks, implement ...

New

Boardwalk Pipelines

Data Governance Lead

Houston, TX · On-site

... model, overseeing policies, standards, and procedures, and embedding governance practices across ... Collaborate with Risk, Compliance, Cybersecurity, and IT teams to manage data risks, implement ...

Huntington

Enterprise Architect (IT)

Houston, TX · On-site +1

$102K - $208K/yr

Familiarity with AI governance, model risk considerations, responsible AI principles, data governance, privacy, explain ability, and control frameworks in regulated environments. Exempt Status: (Yes ...

Huntington

Enterprise Architect (IT)

Houston, TX · On-site +1

$66 - $85/hr

Familiarity with AI governance, model risk considerations, responsible AI principles, data governance, privacy, explain ability, and control frameworks in regulated environments. Exempt Status: (Yes ...

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All JobsContract Model Risk Governance JobsContract Model Risk Governance Jobs in Houston, TX

Contract Model Risk Governance information

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

As of Aug 26, 2026, the average hourly pay for contract model risk governance in Houston, TX is $43.66, according to ZipRecruiter salary data. Most workers in this role earn between $14.23 and $68.85 per hour, depending on experience, location, and employer.

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 Houston, TX?

For Contract Model Risk Governance jobs in Houston, TX, the most frequently searched job titles are:

What job categories do people searching Contract Model Risk Governance jobs in Houston, TX look for?

The top searched job categories for Contract Model Risk Governance jobs in Houston, TX are:

What cities near Houston, TX are hiring for Contract Model Risk Governance jobs?

Cities near Houston, TX with the most Contract Model Risk Governance job openings:

Contract Model Risk Governance jobs near you

Senior Market Risk Analyst - Power & Gas

Houston, TX • On-site

Gunvor
See more jobs at Gunvorexternal

Full-time

Re-posted 20 days ago

Job description

Job Title:
Senior Market Risk Analyst - Power & Gas
Contract Type:
Permanent
Time Type:
Full time
Job Description:
Position: Senior Risk Analyst - Gas & Power
Position Purpose & Summary:
The Senior Risk Analyst - Gas & Power owns day-to-day market risk monitoring for our gas and power portfolios across the Americas, providing timely analysis, and risk reporting. This is a senior individual contributor role with clear career path to a manager role as the team grows. The role partners closely with trading desks, middle office, compliance, finance, and ops to ensure disciplined risk-taking, robust controls, and actionable insights.
Main Responsibilities:
  • Market Risk Monitoring & Limits
    • Monitor intraday and end-of-day market exposures (VaR, P&L-attribution, Greeks where applicable) for gas and power portfolios.
    • Enforce and report against trading limits, dealer limits, VaR and stress-test thresholds; escalate breaches and remedial actions.
  • Stress Testing & Scenario Analysis
    • Design and run scenario analyses and stress tests (historical and hypothetical) to assess portfolio resilience under market shocks.
    • Provide forward-looking risk outlooks and identify concentration or liquidity risks.
    • Assess exposure to tail risks, volatility spikes, and dislocations in gas and power markets.
  • Trade Capture & Valuation Oversight
    • Review model inputs (curves, vol surfaces, hubs, heat rates) and raise model or input exceptions.
    • Maintain and enhance valuation and risk models, testing methodologies and validating assumptions against market fundamentals.
  • Reporting & Controls
    • Monitor and enforce trading mandates, VaR limits, position limits, and stress thresholds.
    • Maintain strong control frameworks, audit trails, and policy compliance in line with internal and regulatory requirements.
    • Partner with Compliance, Legal, Credit, and Finance to ensure robust governance and adherence to risk policies.
    • Implement and improve risk processes and automated controls to reduce operational risk.
  • Stakeholder Partnership & Advisory
    • Act as a trusted risk partner to traders and desk heads-provide real-time decision support, trade-level risk assessments and pre-trade checks.
    • Train and mentor junior risk analysts; contribute to hiring and process scaling.

Competencies / Key Skills
  • Strong quantitative and analytical capability with market intuition for gas & power markets.
  • Understanding of extrinsic risk/options.
  • Advanced Excel, VBA and experience with risk systems (e.g., Endur, Allegro, Murex, Calypso, or proprietary systems) and BI tools (Power BI/Tableau) preferred.
  • Solid understanding of VaR, stress testing, P&L attribution, Greeks/option risk, and forward curves/shape dynamics.
  • Excellent stakeholder management and communication skills-able to translate analysis into clear recommendations.
  • High attention to detail, process orientation, and appreciation for controls and auditability.
  • Ability to work under pressure, prioritize multiple requests, and provide timely outputs for trading hours.

Education
  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related quantitative field. Advanced degree (MS/MA) or professional risk certification (FRM, PRM) is a plus.

Experience
  • 5-8+ years' experience in market risk, commodity risk, or trading support in gas/power or broader commodities markets.
  • Direct experience with physical and financial gas/power products, time spreads, fixed-price contracts, storage, and LNG preferred.
  • Proven track record producing risk reporting, P&L attribution and supporting front-office decision making.

Technical Skills
  • Proficient in Excel (advanced modelling), SQL or Python for data pulls/analysis.
  • Familiarity with trading/risk platforms (Endur/Allegro, ETRM systems) and market data feeds.
  • Experience with Workday or HR systems not required but helpful for internal coordination.

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