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Contract Model Risk Governance Jobs in Raleigh, NC

First Citizens Bank

Contract Analyst (Hybrid)

Raleigh, NC · On-site

$67K - $81K/yr

This position analyzes contracts and recommends contract provisions and amendments that align with ... Experience with Archer governance, risk, and compliance (GRC) platform Additional Information ...

First Citizens Bank

Contract Analyst (Hybrid)

Raleigh, NC · Hybrid

$67K - $81K/yr

This position analyzes contracts and recommends contract provisions and amendments that align with ... Experience with Archer governance, risk, and compliance (GRC) platform Additional Information ...

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

As of Sep 7, 2026, the average hourly pay for contract model risk governance in Raleigh, NC is $44.44, according to ZipRecruiter salary data. Most workers in this role earn between $14.47 and $70.10 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 the most commonly searched types of Model Risk Governance jobs in Raleigh, NC?

The most popular types of Model Risk Governance jobs in Raleigh, NC are:

What are popular job titles related to Contract Model Risk Governance jobs in Raleigh, NC?

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

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

The top searched job categories for Contract Model Risk Governance jobs in Raleigh, NC are:

What cities near Raleigh, NC are hiring for Contract Model Risk Governance jobs?

Cities near Raleigh, NC with the most Contract Model Risk Governance job openings:

Contract Model Risk Governance jobs near you

VP - Alternative Investment Risk Management

Fidelity Investments

Durham, NC • On-site

Full-time

Posted 17 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 273 frontline employees who took The Breakroom Quiz

16th of 154 rated financial services

Job description

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position

The Vice President of Alternative Investments Risk Management is a senior leadership role responsible for establishing, enhancing, and overseeing the risk management framework across a broad range of alternative investment strategies. This leader will manage a team of risk professionals and partner closely with investment, product, treasury, finance, operations, and technology leaders to provide independent risk oversight, analytics, and strategic guidance.

The role supports a diverse portfolio of liquid and illiquid alternative investments, including hedge funds and liquid alternatives, private equity, private credit, venture capital, structured credit, real estate, digital assets, and derivative-based strategies. The successful candidate will leverage advanced analytics, stress testing, scenario analysis, and emerging technologies to assess portfolio risks, identify emerging issues, strengthen decision-making, and support strategic business initiatives.

The Expertise and Skills You Bring

  • Bachelor's degree or equivalent experience in Finance, Economics, Mathematics, Statistics, Computer Science, or a related discipline; advanced degree and/or CFA, CAIA, FRM, or similar designation preferred
  • 15+ years of experience in investment risk management, quantitative analytics, alternative investments, or related disciplines, including leadership experience
  • Expertise across alternative investment strategies, including hedge funds, private equity, private credit, venture capital, structured credit, real estate, digital assets, and derivatives
  • Deep understanding of market, credit, liquidity, valuation, operational, concentration, and counterparty risks
  • Experience evaluating portfolio exposures, leverage, liquidity, factor sensitivities, private asset valuations, and tail-risk scenarios
  • Strong knowledge of risk methodologies, including stress testing, scenario analysis, factor analysis, liquidity assessment, and portfolio risk modeling
  • Experience developing and enhancing risk frameworks, governance processes, reporting, controls, and risk oversight programs
  • Familiarity with platforms such as Aladdin, MSCI RiskManager, BarraOne, Bloomberg, S&P Global, Intex, or similar risk and analytics tools
  • Strong technical and analytical capabilities, including Python, SQL, data visualization tools, and large financial datasets
  • Ability to communicate complex risk concepts and influence investment professionals, executives, and governance committees
  • Proven ability to lead high-performing teams, build strong cross-functional partnerships, and drive strategic initiatives across investments, finance, operations, treasury, and technology
  • Intellectual curiosity, sound judgment, and a passion for innovation, continuous improvement, and talent development
  • Ownership and ongoing enhancement of the risk management framework
  • Identification and oversight of emerging and tail risk exposures
  • Support for strategic initiatives, new product development, and business growth opportunities
  • Partnership with data science and technology teams to advance risk analytics, infrastructure, and modernization efforts
  • Data quality, model governance, and control framework responsibilities

The Team

This team is a part of Fidelity Investment's Enterprise, Legal, Risk and Compliance group delivering independent investment risk insights and analytics focused upon Alternative Investments to the Asset Management team.

Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications:Category:Risk

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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