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Contract Model Risk Governance Jobs in Washington, DC

Navtech, Inc.

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 ...

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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 Aug 30, 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?

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 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:

Contract Model Risk Governance jobs near you

Global Cybersecurity Director - Risk & Compliance

Washington, DC • On-site

Boston Consulting Group
Business Management Consulting • 10K+ employees

9.5

Company rating: 9.5 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

3rd of 72 rated business consultants

People enjoy working here

Good employer

Respectful managers

Learn more about Boston Consulting Groupexternal

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago

Job description

Locations: Boston | Washington

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures-and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.


What You'll Do

BCG Federal operates within a federally regulated environment supporting consulting, cloud, software, data, and emerging AI technology capabilities. The Director, Federal Security Governance, Risk & Compliance (SGRC) serves as the senior accountable lead for the SGRC pillar. This role drives the strategy, risk governance, regulatory compliance, certification readiness, and control maturity agenda across all BCG Federal offerings.

The Director leads enterprise readiness and audit defense across key federal frameworks; including CMMC Level 2, NIST SP 800-171/53, FedRAMP and DFARS. Working closely with Security Architecture, the Director translates complex regulatory requirements into policy and control objectives, establishing the governance framework while Architecture designs the technical controls and secure cloud baselines.

Furthermore, this role pioneers Federal AI Governance, establishing guardrails, risk assessment protocols, and approval pathways for Generative AI and machine learning tools deployed across federal boundaries.

YOU'RE GOOD AT

You excel at leading complex federal cybersecurity and compliance programs by combining technical GRC expertise, executive communication, organizational change management, and trusted stakeholder relationships.

YOUR DUTIES WILL INCLUDE

  • Lead the Federal GRC pillar strategy, roadmap, operating model, governance rhythm, reporting structure, and control maturity agenda across BCG Federal.
  • Direct enterprise compliance initiatives supporting DFARS, CMMC Level 2, NIST 800-171/, FedRAMP, AI governance, cloud security, and related federal cybersecurity requirements.
  • Partner closely with Security Architecture to align policies with technical engineering; defining what control outcomes are required while Architecture designs how technical controls and baselines are configured.
  • Own organizational readiness for federal assessments and certifications, including assessment scoping, SSP development, evidence preparation, stakeholder preparation, audit defense, C3PAO engagement, and executive reporting.
  • Establish and mature Federal AI Governance, including risk methodologies, safety frameworks (e.g., NIST AI RMF), boundary protections, and approval pathways for secure adoption of Generative AI and LLMs.
  • Own the federal risk register governance model, including risk identification, severity assessment, mitigation planning, exception management, escalation, and reporting.
  • Lead cybersecurity review of federal contracts, RFPs, client opportunities, software approvals, cloud service reviews, and third-party vendor risk management to support secure technology adoption.
  • Lead organizational change management for federal cybersecurity and compliance initiatives, including stakeholder alignment, communications, training, readiness tracking, and sustainment of new governance processes.
  • Oversee continuous monitoring (CONMON) governance, evidence traceability, recurring review cadences, POA&M tracking, and management reporting.
  • Define and deliver executive-level metrics, dashboards, QBR content, risk reporting, compliance status updates, and decision-ready materials for leadership.
  • Lead, mentor, onboard, and develop GRC personnel while improving team operating rhythms, accountability, prioritization, and delivery quality.

What You'll Bring

  • 10+ years of experience in cybersecurity, information security, GRC, audit, compliance, risk management, or technology governance environments.
  • Demonstrated experience leading federal cybersecurity compliance programs (preferably supporting CMMC Level 2, NIST 800-171/53, FedRAMP) in consulting, cloud, SaaS, or federal contracting environments.
  • Direct experience leading or materially supporting external assessments, regulatory inquiries, audit readiness efforts, C3PAO assessments, evidence preparation, and audit defense.
  • Proven track record establishing AI Security Governance, evaluating machine learning/GenAI security risks, and applying federal AI risk management frameworks.
  • Proven ability to partner with Security Architecture, DevSecOps, and IT engineering teams to translate complex legal and federal requirements into practical operating baselines.
  • Strong organizational change management experience, including leading cross-functional process adoption, stakeholder readiness, communications, training, and sustainment of new operating models.
  • Excellent written and verbal communication skills, including experience developing executive briefings, policies, audit materials, and management-level reporting.
  • Ability to obtain and maintain a U.S. Government Secret Clearance where required.

Additional info

*** For US locations only ***

In the US, we have a compensation transparency approach.

Total compensation for this role includes base salary, annual discretionary performance bonus, retirement contribution, and a market leading benefits package described below.

  • The base salary range for this role begins at $176,000.00 in our lowest cost US region and goes up to $199,830.00 in our highest cost US region. Your recruiting contact can share more about the specific salary range for your preferred location during the hiring process.

This is an estimated range, however, specific base salaries within the range depend on various factors such as experience and skill set. It is not common for new BCG employees to be hired at the high-end of the salary range. BCG regularly reviews its ranges to ensure market competitiveness.

In addition to your base salary, your total compensation will include a bonus of up to 30% and a generous retirement contribution that starts at 5% and moves to 10% after 2 years.

All of our plans provide best in class coverage:

  • Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children

  • Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs

  • Dental coverage, including up to $5,000 in orthodontia benefits

  • Vision insurance with coverage for both glasses and contact lenses annually

  • Reimbursement for gym memberships and other fitness activities

  • Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for employees to make personal contributions to a 401(k) plan

  • Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement

  • Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 15 vacation days per year (earned at 1.25 days per month)

  • Paid sick time on an as needed basis


Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
BCG is an E - Verify Employer. Click here for more information on E-Verify.

Employment Type: FULL_TIME

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