Create a scalable operating model: Standardize governance, intake, prioritization, and ... risk. Employees exercise this responsibility by executing against policies and procedures and ...
Create a scalable operating model: Standardize governance, intake, prioritization, and ... risk. Employees exercise this responsibility by executing against policies and procedures and ...
Data Governance Senior
Mclean, VA · On-site
... Model (ABM) lifecycle from design through approval. Qualifications: * 5 - 7 years of information risk / data governance experience within the financial services industry. * Bachelor's degree or ...
Data Governance Senior
Mclean, VA · On-site
... Model (ABM) lifecycle from design through approval. Qualifications: * 5 - 7 years of information risk / data governance experience within the financial services industry. * Bachelor's degree or ...
Data Governance Senior
Mclean, VA · On-site
... Model (ABM) lifecycle from design through approval. Qualifications: * 5 - 7 years of information risk / data governance experience within the financial services industry. * Bachelor's degree or ...
Data Governance Senior
Mclean, VA · On-site
... Model (ABM) lifecycle from design through approval. Qualifications: * 5 - 7 years of information risk / data governance experience within the financial services industry. * Bachelor's degree or ...
Create a scalable operating model: Standardize governance, intake, prioritization, and ... risk. Employees exercise this responsibility by executing against policies and procedures and ...
Create a scalable operating model: Standardize governance, intake, prioritization, and ... risk. Employees exercise this responsibility by executing against policies and procedures and ...
Manager, Data Scientist - Model Risk Office Data is at the center of everything we do. As a startup ... the model governance framework for the next generation of models * Validate a wide variety of ...
Manager, Data Scientist - Model Risk Office Data is at the center of everything we do. As a startup ... the model governance framework for the next generation of models * Validate a wide variety of ...
Experience integrating data governance with AI/ML governance, model risk management, and emerging ... technologies preferred. * Experience using A.I. tools preferred. Additional Skills To perform the ...
Experience integrating data governance with AI/ML governance, model risk management, and emerging ... technologies preferred. * Experience using A.I. tools preferred. Additional Skills To perform the ...
Manager, Data Scientist - Model Risk Office Data is at the center of everything we do. As a startup ... the model governance framework for the next generation of models * Validate a wide variety of ...
Manager, Data Scientist - Model Risk Office Data is at the center of everything we do. As a startup ... the model governance framework for the next generation of models * Validate a wide variety of ...
Global Cybersecurity Director - Risk & Compliance
Medical
Dental
Vision
Retirement
PTO
... governance model, including risk identification, severity assessment, mitigation planning, exception management, escalation, and reporting. * Lead cybersecurity review of federal contracts, RFPs ...
Global Cybersecurity Director - Risk & Compliance
Medical
Dental
Vision
Retirement
PTO
... governance model, including risk identification, severity assessment, mitigation planning, exception management, escalation, and reporting. * Lead cybersecurity review of federal contracts, RFPs ...
Manager, Data Scientist - Card Intelligence Model Risk Management Data is at the center of ... At least 3 years' experience in leading model governance and end to end model development. * At ...
Manager, Data Scientist - Card Intelligence Model Risk Management Data is at the center of ... At least 3 years' experience in leading model governance and end to end model development. * At ...
Manager, Data Scientist - Card Intelligence Model Risk Management Data is at the center of ... At least 3 years' experience in leading model governance and end to end model development. * At ...
Manager, Data Scientist - Card Intelligence Model Risk Management Data is at the center of ... At least 3 years' experience in leading model governance and end to end model development. * At ...
Principal Associate, Data Science - Model Risk Office
Mclean, VA · On-site
$59K - $60K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... governance framework for the next generation of models * Lead validation of a wide variety of ...
Principal Associate, Data Science - Model Risk Office
Mclean, VA · On-site
$59K - $60K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... governance framework for the next generation of models * Lead validation of a wide variety of ...
IT Project Manager
Mclean, VA · On-site
$100K - $118K/yr
Maintain and implement model risk governance framework within the regulatory environment and maintain all governance documents. Build and maintain data quality reporting. * Maintenance and management ...
IT Project Manager
Mclean, VA · On-site
$100K - $118K/yr
Maintain and implement model risk governance framework within the regulatory environment and maintain all governance documents. Build and maintain data quality reporting. * Maintenance and management ...
Senior Manager, Data Science - Model Risk Office Data is at the center of everything we do. As a ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Manager, Data Science - Model Risk Office Data is at the center of everything we do. As a ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Associate, Data Scientist - Model Risk Office Data is at the center of everything we do. As ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Associate, Data Scientist - Model Risk Office Data is at the center of everything we do. As ... the model governance framework for the next generation of models * Validate a wide variety of ...
Principal Associate, Data Science - Model Risk Office
Mclean, VA · On-site
$59K - $60K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... governance framework for the next generation of models * Lead validation of a wide variety of ...
Principal Associate, Data Science - Model Risk Office
Mclean, VA · On-site
$59K - $60K/yr
Principal Associate, Data Science - Model Risk Office Data is at the center of everything we do. As ... governance framework for the next generation of models * Lead validation of a wide variety of ...
Senior Manager, Data Science - Model Risk Office Data is at the center of everything we do. As a ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Manager, Data Science - Model Risk Office Data is at the center of everything we do. As a ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Associate, Data Scientist - Model Risk Office Data is at the center of everything we do. As ... the model governance framework for the next generation of models * Validate a wide variety of ...
Senior Associate, Data Scientist - Model Risk Office Data is at the center of everything we do. As ... the model governance framework for the next generation of models * Validate a wide variety of ...
Governance & Risk Analyst
Alexandria, VA · Hybrid
Medical
Dental
Vision
Retirement
PTO
No Overtime Pay Contract Contingent Basis, generally located across the Alexandria, VA (Hybrid ... We seek Governance & Risk Analyst | Human Capital Programmatic Evaluation & Compliance - Policy ...
Governance & Risk Analyst
Alexandria, VA · Hybrid
Medical
Dental
Vision
Retirement
PTO
No Overtime Pay Contract Contingent Basis, generally located across the Alexandria, VA (Hybrid ... We seek Governance & Risk Analyst | Human Capital Programmatic Evaluation & Compliance - Policy ...
Senior Program Assistant
Washington, DC · On-site
... model inventory, and implementing amodel risk governance framework, standards, and controls ... contract actions, and related personnel matters. Promote teamwork and knowledge sharing by keeping ...
Senior Program Assistant
Washington, DC · On-site
... model inventory, and implementing amodel risk governance framework, standards, and controls ... contract actions, and related personnel matters. Promote teamwork and knowledge sharing by keeping ...
Quantitative Analytics & Model Consultant Senior - Market Risk
Washington, DC · On-site
Medical
Dental
Vision
Life
Retirement
PTO
... model governance, ensuring that methodologies, assumptions, and limitations are well understood and fit for purpose. This is a high visibility role reporting directly to the Head of Market Risk ...
Quantitative Analytics & Model Consultant Senior - Market Risk
Washington, DC · On-site
Medical
Dental
Vision
Life
Retirement
PTO
... model governance, ensuring that methodologies, assumptions, and limitations are well understood and fit for purpose. This is a high visibility role reporting directly to the Head of Market Risk ...
Contract Model Risk Governance information
See Washington, DC salary details
$18.87 is the 25th percentile. Wages below this are outliers.
$11.44 - $25.07
46% of jobs
The median wage is $27.94 / hr.
$25.07 - $38.71
20% of jobs
$38.71 - $52.35
3% of jobs
$64.04 is the 75th percentile. Wages above this are outliers.
$52.35 - $65.99
7% of jobs
$65.99 - $79.62
0% of jobs
$79.62 - $93.26
7% of jobs
$93.26 - $106.90
13% of jobs
$106.90 - $120.54
2% of jobs
$120.54 - $134.17
0% of jobs
$134.17 - $147.81
1% of jobs
$147.81 - $161.45
1% of jobs
$11
$51
$161
How much do contract model risk governance jobs pay per hour?
As of Aug 18, 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 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?
| Aspect | Contract Model Risk Governance | Contract Model Validation |
|---|---|---|
| Primary Focus | Overseeing and managing risks associated with contract models, ensuring compliance and risk mitigation | Assessing and testing contract models to ensure accuracy and reliability |
| Responsibilities | Establishing policies, monitoring risk exposure, and implementing controls | Performing independent reviews, testing model assumptions, and validating outputs |
| Work Environment | Risk management teams, compliance departments, regulatory interactions | Quantitative 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 Washington, DC?
The most popular types of Model Risk Governance jobs in Washington, DC are:
What are popular job titles related to Contract Model Risk Governance jobs in Washington, DC?
For Contract Model Risk Governance jobs in Washington, DC, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Washington, DC look for?
The top searched job categories for Contract Model Risk Governance jobs in Washington, DC are:
Full-time
Posted 8 days ago
Freddie Mac rating
9.2
Based on 5 frontline employees who took The Breakroom Quiz
Job description
At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Freddie Mac's Single-Family Credit Risk Management (CRM) division is seeking a Business Management Senior Director, reporting to the Chief Credit Officer to serve as the strategic integrator and operational backbone for a 250+ person organization. This leader will own the department's operating rhythm, drive a portfolio of high-impact initiatives, and ensure alignment between executive priorities and day-to-day execution across CRM.
The role blends executive-level partnership with operational leadership and program execution - setting direction, establishing governance, aligning stakeholders, and ensuring measurable outcomes across complex, interdependent workstreams in a highly regulated environment.
Our Impact:
Single-Family Credit Risk Management safeguards Freddie Mac's mission by governing credit policy, underwriting standards, and model oversight that enable safe, sound, and affordable lending across the U.S. housing market. The Business Management function accelerates this mission by providing the operating backbone for the department - running the operating rhythm (planning, governance, prioritization, performance management, and executive communications), leading cross-functional initiatives, and ensuring CRM's voice is represented effectively with senior Freddie Mac leadership, FHFA, and the Board.
Your Impact:
Qualifications:
Keys to Success in this Role:
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $212,000 - $318,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
Position Overview:
Freddie Mac's Single-Family Credit Risk Management (CRM) division is seeking a Business Management Senior Director, reporting to the Chief Credit Officer to serve as the strategic integrator and operational backbone for a 250+ person organization. This leader will own the department's operating rhythm, drive a portfolio of high-impact initiatives, and ensure alignment between executive priorities and day-to-day execution across CRM.
The role blends executive-level partnership with operational leadership and program execution - setting direction, establishing governance, aligning stakeholders, and ensuring measurable outcomes across complex, interdependent workstreams in a highly regulated environment.
Our Impact:
Single-Family Credit Risk Management safeguards Freddie Mac's mission by governing credit policy, underwriting standards, and model oversight that enable safe, sound, and affordable lending across the U.S. housing market. The Business Management function accelerates this mission by providing the operating backbone for the department - running the operating rhythm (planning, governance, prioritization, performance management, and executive communications), leading cross-functional initiatives, and ensuring CRM's voice is represented effectively with senior Freddie Mac leadership, FHFA, and the Board.
Your Impact:
- Lead department operations (business management): Own the operating rhythm for CRM - strategic planning, prioritization, performance management, budget and resource coordination, training, communications, and executive reporting.
- Serve as Primary Business Management strategy and execution for the Chief Credit Officer: Translate executive priorities into coordinated execution, represent the CCO in key forums, and enable clarity and alignment across the department.
- Oversee the policy development lifecycle: Manage the Guide Bulletin process, Terms of Business updates, and FHFA submissions - driving consistency and operational effectiveness from intake through publication.
- Drive a portfolio of transformation initiatives: Lead and coordinate major programs and the department-wide Project Management capability, including model portfolio oversight across 20+ models.
- Engage senior stakeholders: Represent CRM with Freddie Mac executive leadership, FHFA, the Board, and internal control functions (audit, compliance, model risk, legal).
Qualifications:
- 12+ years of experience in business management, chief of staff, strategy, operations, or program leadership roles within financial services, housing finance, fintech, or a highly regulated environment
- Proven success leading complex, cross-functional portfolios with multiple stakeholders and interdependent workstreams.
- Demonstrated ability to lead division operations (planning, governance, metrics, executive reporting, budget and resource coordination)
- Strong executive presence with the ability to advise, influence, and represent senior leaders
- Exceptional communication skills - able to translate complex topics into clear narratives for executives and broad stakeholder groups
- Strong risk and control mindset; comfort operating in regulated environments with audit, compliance, and model risk considerations
- Familiarity with mortgage industry concepts (credit policy, underwriting, loan delivery, model risk, investor guidelines) or adjacent capital markets domains preferred
- PMP, AMP, ADKAR (or equivalent change management) certifications preferred
- MBA or advanced degree in business, public policy, analytics, or a related field (or equivalent experience) preferred
Keys to Success in this Role:
- Operate as the "integrator" for the department: Connect strategy, execution, and day-to-day operations so the CCO and leadership team have clarity, momentum, and control
- Build trusted partnerships: Earn credibility with policy, product, technology, risk, legal/compliance, FHFA, and enterprise teams to unblock decisions quickly
- Create a scalable operating model: Standardize governance, intake, prioritization, and communications so business management becomes repeatable and sustainable
- Lead through change: Drive adoption with strong change management - stakeholder engagement, training, communications, and feedback loops
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $212,000 - $318,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
About Freddie Mac
Sourced by ZipRecruiter
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
McLean, VA, US
Year founded
1970