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Contract Model Risk Governance Jobs in Philadelphia, PA

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

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All JobsContract Model Risk Governance JobsContract Model Risk Governance Jobs in Philadelphia, PA

Contract Model Risk Governance information

See Philadelphia, PA salary details

$10

$46

$143

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

As of Aug 3, 2026, the average hourly pay for contract model risk governance in Philadelphia, PA is $46.13, according to ZipRecruiter salary data. Most workers in this role earn between $15.05 and $72.79 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 Philadelphia, PA? For Contract Model Risk Governance jobs in Philadelphia, PA, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Philadelphia, PA look for? The top searched job categories for Contract Model Risk Governance jobs in Philadelphia, PA are:
What cities near Philadelphia, PA are hiring for Contract Model Risk Governance jobs? Cities near Philadelphia, PA with the most Contract Model Risk Governance job openings:
Contract Model Risk Governance jobs near you
Infographic showing various Contract Model Risk Governance job openings in Philadelphia, PA as of June 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 84% Physical, 6% Hybrid, and 10% Remote job distribution, with an average salary of $95,950 per year, or $46.1 per hour.

Specialist, Governance Execution, Model Risk

Vangard, Inc.

Malvern, PA

Full-time

Posted 2 days ago

New

Job description

Role Summary

The Specialist, Platforms & Execution supports strategic, operational, and governance activities across Model Risk Management (MRM). The role serves as a key coordinator for leadership priorities, governance forums, communications, knowledge management, and continuous improvement initiatives. The successful candidate will help drive execution of department objectives while identifying opportunities to improve efficiency, collaboration, and stakeholder experience.

Key Responsibilities

Governance & Leadership Support

  • Coordinate Model Risk governance forums, panels, and leadership meetings.

  • Manage scheduling, agendas, meeting materials, minutes, and action tracking.

  • Support preparation of executive presentations, reports, and communications.

  • Assist leadership in organizing and tracking strategic priorities and deliverables.

Operational Excellence

  • Support execution of department initiatives and operational improvements.

  • Maintain procedures, documentation, and process inventories.

  • Track milestones, deliverables, and dependencies across initiatives.

  • Assist with reporting, metrics, and status updates for leadership.

Digital Workplace & Knowledge Management

  • Own and maintain MRM collaboration and knowledge-management platforms.

  • Lead ongoing enhancement of MRM SharePoint and intranet resources.

  • Manage leadership OneNote repositories and shared documentation.

  • Improve accessibility, organization, and usability of team resources.

Innovation & Continuous Improvement

  • Support evaluation and piloting of emerging technologies and productivity tools.

  • Coordinate user feedback, lessons learned, and adoption activities.

  • Identify opportunities to streamline workflows and improve team efficiency.

  • Assist with change management and communication efforts related to new capabilities.

Qualifications

  • Bachelor's degree or equivalent experience.

  • Strong organizational, communication, and project coordination skills.

  • Ability to manage multiple priorities in a fast-paced environment.

  • Proficiency with Microsoft 365 tools including Teams, SharePoint, PowerPoint, Excel, and OneNote.

  • Strong written communication and stakeholder management abilities.

Preferred Technical Experience

  • Basic Python, scripting, or automation experience strongly preferred.

  • Experience with Microsoft Power Platform (Power Automate, Power Apps, and Power BI)

  • SharePoint administration and content management.

  • Microsoft Copilot and AI productivity tools.

  • Process improvement and workflow design.

Special Factors

Sponsorship

Vanguard is offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission-we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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