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Contract Model Risk Governance Jobs in Washington, DC

World Bank

Senior 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 ...

LPL Financial

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 ...

Management Solutions LLC

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 ...

Management Solutions LLC

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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All JobsContract Model Risk Governance JobsContract Model Risk Governance Jobs in Washington, DC

Contract Model Risk Governance information

See Washington, DC salary details

$11

$51

$161

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

As of Jul 6, 2026, the average hourly pay for contract model risk governance in Washington, DC is $51.78, according to ZipRecruiter salary data. Most workers in this role earn between $16.88 and $81.68 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 the most commonly searched types of Model Risk Governance jobs in Washington, DC? The most popular types of Model Risk Governance jobs in Washington, DC are:
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Contract Model Risk Governance jobs near you
Model Risk & Governance Director (McLean)

Model Risk & Governance Director (McLean)

Fairygodboss

Mclean, VA • On-site

Full-time

Posted 3 days ago

Job description

Freddie Mac is seeking a Model Risk & Controls Manager to lead governance initiatives within the Investment & Capital Markets division. This role requires expertise in model governance and a commitment to enhancing risk management processes.

Candidates should have over 12 years of experience and demonstrated leadership capabilities. The position offers a competitive salary and the chance to make a significant impact in housing finance.

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