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Contract Model Risk Governance Jobs in Renton, WA

Create and maintain high-quality artifacts, including governance charters, technical program plans, cross-org roadmaps, ownership and RACI models, dependency trackers, risk and mitigation plans ...

Senior Product Manager, Security AI

Bellevue, WA · On-site

$142K - $188K/yr

You will shape the roadmap for capabilities such as model governance, secure model deployment, adversarial testing, AI risk controls, and monitoring frameworks. You will work with internal product ...

Create and maintain high-quality artifacts, including governance charters, technical program plans, cross-org roadmaps, ownership and RACI models, dependency trackers, risk and mitigation plans ...

Contracts Manager

Seattle, WA · On-site

$125K - $145K/yr

... protected in contract execution, change management, and risk mitigation during development ... governance forums, and Board reviews. * Oversee the orderly closeout of contracts during ...

Contracts Manager

Seattle, WA · On-site

$125K - $145K/yr

... protected in contract execution, change management, and risk mitigation during development ... governance forums, and Board reviews. * Oversee the orderly closeout of contracts during ...

Experience building products related to governance, observability, compliance, security, risk management, or enterprise administration. * Familiarity with evaluation frameworks, model monitoring ...

... governance models Experience working with cross-functional stakeholders such as Human Resources ... Work you'll do As an Insider Risk Manager on the Cyber team, you will be responsible for:

Showing results 41-60

Contract Model Risk Governance information

See Renton, WA salary details

$11

$51

$160

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

As of Sep 14, 2026, the average hourly pay for contract model risk governance in Renton, WA is $51.42, according to ZipRecruiter salary data. Most workers in this role earn between $16.78 and $81.11 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 Renton, WA?

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

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

The top searched job categories for Contract Model Risk Governance jobs in Renton, WA are:

IT Contracts & Licensing Specialist III

Seattle, WA • On-site

Fred Hutchinson Cancer Research Center
Health Care and Social Assistance • 1 - 5K employees

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Job description

Overview

Fred Hutchinson Cancer Center is an independent, nonprofit organization providing adult cancer treatment and groundbreaking research focused on cancer and infectious diseases. Based in Seattle, Fred Hutch is the only National Cancer Institute-designated cancer center in Washington.

With a track record of global leadership in bone marrow transplantation, HIV/AIDS prevention, immunotherapy and COVID-19 vaccines, Fred Hutch has earned a reputation as one of the world’s leading cancer, infectious disease and biomedical research centers. Fred Hutch operates eight clinical care sites that provide medical oncology, infusion, radiation, proton therapy and related services, and network affiliations with hospitals in five states. Together, our fully integrated research and clinical care teams seek to discover new cures to the world’s deadliest diseases and make life beyond cancer a reality.

At Fred Hutch we value collaboration, compassion, determination, excellence, innovation, integrity and respect. Our mission is directly tied to the humanity, dignity and inherent value of each employee, patient, community member and supporter. Our commitment to learning across our differences and similarities make us stronger. We seek employees who bring different and innovative ways of seeing the world and solving problems.

Owns contract analysis, vendor relationship management, and commercial negotiation for software licensing, SaaS, and IT services across the IT renewal pipeline. Independently manages routine renewals and contract reviews end to end, leads negotiations to drive savings and improved terms, and partners directly with IT directors and business owners to advance category strategy and cost optimization.

Most Fred Hutch jobs requiresomeon-campus work. However, there may be flexibility for certain positions. Please check with the recruiter if you are an out-of-state applicant interested only in working outside of the Seattle area.

Responsibilities

Contract Management & Analysis

  • Conduct contract reviews and analysis for renewals, identifying cost drivers, price escalations, and optimization opportunities
  • Analyze software licensing agreements including usage rights, termination clauses, and vendor lock in provisions
  • Track contract terms and renewal dates to ensure proactive management rather than reactive processing
  • Identify consolidation opportunities across vendor relationships and contracts

Renewal Pipeline Management

  • Manage the IT contract renewal pipeline end to end, including notifying business owners of upcoming renewals, maintaining data accuracy, and triggering the review process
  • Maintain proactive visibility across the full IT contract portfolio so renewals are managed ahead of expiration rather than processed reactively

Vendor Relationship Management & Negotiation

  • Lead vendor negotiations and renewals, applying market pricing, competitive alternatives, and benchmarking data to drive savings and improved commercial terms
  • Manage vendor communications during contract negotiations and renewals
  • Own routine contract renewals and reviews end to end, exercising independent judgment on commercial terms and escalating only when risk, scope change, or contract value exceeds a defined threshold

Cost Optimization & Analysis

  • Perform spend analysis to identify trends, anomalies, and savings opportunities
  • Research alternative solutions and competitive pricing for existing contracts
  • Support license optimization by analyzing usage data versus contracted amounts

Strategic Procurement Support

  • Assist with RFP development and vendor evaluation processes
  • Maintain procurement databases and contract repositories
  • Generate reports on procurement metrics, savings, and vendor performance
  • Support compliance with organizational procurement policies and procedures
Qualifications

MINIMUM QUALIFICATIONS:

  • Bachelor's degree in business or related field.
  • Minimum of 5 years experience in procurement, including demonstrated experience in the IT software sourcing category. Additional experience may substitute for educational requirement.
  • Experience with software licensing and SaaS contract models.
  • Understanding of contract terms and ability to identify problematic clauses.
  • Analytical skills for cost comparison and trend analysis.
  • Experience independently negotiating software, SaaS, and services contracts, including price and commercial terms. Demonstrated experience reading complex software, SaaS, and services contracts, identifying commercial and risk issues, and recommending negotiation strategy.
  • Demonstrated ability to manage routine renewals and contract reviews independently, owning the decision end to end.
  • Knowledge of procurement best practices and cost optimization techniques.

PREFERRED QUALIFICATIONS:

  • Procurement experience specifically in the IT software sourcing category.
  • Comfortable leading without authority and building engagement in a process environment that is still maturing.
  • Strong written and verbal communication, with the ability to tailor stakeholder communication across technical and nontechnical audiences.
  • Experience partnering directly with IT directors and business owners to influence procurement decisions.
  • Familiarity with AI tools and their application to procurement and software contracts; AI related certifications a plus.

The annual base salary range for this position is from $97,822 to $146,682, and pay offered will be based on experience and qualifications.

Most Fred Hutch jobs requiresomeon-campus work. However, there may be flexibility for certain positions. Please check with the recruiter if you are an out-of-state applicant interested only in working outside of the Seattle area.Although Fred Hutch is not sponsoring most H-1B visas at this time, candidates who already hold an H-1B sponsored by another organization and are currently in the U.S. may be eligible for this position.Fred Hutchinson Cancer Center offers employees a comprehensive benefits package designed to enhance health, well-being, and financial security. Benefits include medical/vision, dental, flexible spending accounts, life, disability, retirement, family life support, employee assistance program, onsite health clinic, tuition reimbursement, paid vacation (12-22 days per year), paid sick leave (12-25 days per year), paid holidays (13 days per year), and paid parental leave (up to 4 weeks).

Additional Information

We are proud to be an Equal Employment Opportunity (EEO) and Vietnam Era Veterans Readjustment Assistance Act (VEVRAA) Employer. We do not discriminate on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability (physical or mental), marital or veteran status, genetic information, sexual orientation, gender identity, political ideology, or membership in any other legally protected class. We desire priority referrals of protected veterans. If due to a disability you need assistance/and or a reasonable accommodation during the application or recruiting process, please send a request to Human Resources at hrops@fredhutch.org or by calling 206-667-4700.

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