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Director Model Risk Governance Jobs in California

East West Bank

AI Governance

Pasadena, CA

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and ... Direct experience governing enterprise AI/GenAI programs within banking or highly regulated ...

East West Bank

AI Governance

Pasadena, CA · On-site

$130K/yr

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and ... Direct experience governing enterprise AI/GenAI programs within banking or highly regulated ...

East West Bank

AI Governance

Pasadena, CA

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and ... Direct experience governing enterprise AI/GenAI programs within banking or highly regulated ...

Unavailable

AI Governance

Pasadena, CA

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and ... Direct experience governing enterprise AI/GenAI programs within banking or highly regulated ...

East West Bank

AI Governance

Pasadena, CA · On-site

$130K/yr

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and ... Direct experience governing enterprise AI/GenAI programs within banking or highly regulated ...

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All JobsModel Risk Governance JobsDirector Model Risk Governance JobsDirector Model Risk Governance Jobs in California

Director Model Risk Governance information

What is the difference between Director Model Risk Governance vs Model Risk Analyst?

AspectDirector Model Risk GovernanceModel Risk Analyst
CredentialsAdvanced degrees (e.g., Master’s, PhD), professional certifications (e.g., FRM, CFA)Bachelor’s or Master’s degree, relevant certifications
Work EnvironmentStrategic oversight, policy development, senior stakeholder engagementData analysis, model validation, risk assessment
Employer & Industry UsageFinancial institutions, banks, asset managersFinancial institutions, risk management teams
Search & Comparison IntentUnderstanding leadership roles in model risk governanceEntry to mid-level model risk roles, analysis tasks

The main difference is that the Director Model Risk Governance focuses on strategic oversight, policy setting, and managing model risk at a senior level, while the Model Risk Analyst handles technical validation, data analysis, and risk assessment tasks. The director role involves leadership and decision-making, whereas the analyst role is more technical and operational.

What are the key skills and qualifications needed to thrive as a Director of Model Risk Governance, and why are they important?

To thrive as a Director of Model Risk Governance, you need deep expertise in quantitative finance, risk management, and model validation, often backed by an advanced degree in a quantitative field and relevant industry experience. Familiarity with risk management frameworks, regulatory standards (e.g., SR 11-7), and proficiency in analytical tools like Python, R, or SAS are typically required. Exceptional leadership, communication, and critical thinking skills help you effectively oversee teams and coordinate with stakeholders across the organization. These competencies are vital to ensure robust model governance, regulatory compliance, and informed risk-based decision-making at the enterprise level.

What are Director Model Risk Governance roles?

Director Model Risk Governance roles are senior positions responsible for overseeing and managing the risks associated with financial and predictive models within an organization. These professionals establish and implement model risk management frameworks, ensure compliance with regulatory requirements, and oversee model validation processes. They collaborate with model developers, validators, and business units to identify, assess, and mitigate model risks, as well as report on governance effectiveness to senior management. Their work is crucial in maintaining the reliability and integrity of models used for decision-making and regulatory reporting.

What are some common challenges faced by a Director of Model Risk Governance, and how can they be addressed?

A Director of Model Risk Governance often encounters challenges such as ensuring consistent model validation across diverse business units, keeping up with evolving regulatory requirements, and fostering effective communication between model owners, validators, and senior management. Addressing these challenges typically involves establishing robust model risk frameworks, maintaining clear documentation, and promoting a culture of transparency and collaboration. Regular training sessions and open forums can help bridge knowledge gaps, while leveraging technology can streamline model inventory and validation processes.
What are the most commonly searched types of Model Risk Governance jobs in California? The most popular types of Model Risk Governance jobs in California are:
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What cities in California are hiring for Director Model Risk Governance jobs? Cities in California with the most Director Model Risk Governance job openings:
Director Model Risk Governance jobs near you
Infographic showing various Director Model Risk Governance job openings in California as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.
Actuary & Director, Model Risk Management

Actuary & Director, Model Risk Management

Pacific Life Insurance Company

Newport Beach, CA • On-site

$203K - $249K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

Pacific Life rating

6.8

Company rating: 6.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

231st of 261 rated insurance

Job description

Job Description:
Pacific Life is seeking an Actuary & Director, Model Risk Management to join our team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
This role is a strong fit for a senior life actuary who enjoys technical depth, independent challenge, and practical business impact. You will lead second-line model risk oversight for Life insurance models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose.
This role will report directly to the VP of Model Risk Management and offers broad visibility across Pacific Life's products and functions.
How you will make an impact:
  • Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.
  • Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
  • Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.
  • Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life's model risk framework and practices.
  • Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

The experience you bring:
  • 8+ years of actuarial experience with an FSA designation.
  • Deep experience in Life products, in areas of actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.
  • Ability to challenge technical work constructively and influence senior leaders and technical teams.
  • Experience reviewing, validating, developing, or testing complex actuarial models.
  • Strong communication skills, including the ability to explain complex modeling issues in clear business language.
  • Strong project leadership, judgment, and stakeholder management skills.

What makes you stand out:
  • Experience with Prophet.
  • Familiarity in emerging AI tools and advanced analytics.
  • Experience building validation / replication / challenger models.

Salary Ranges per Location:
  • Newport Beach, CA: $203,760 - $249,040
  • Omaha, NE: $175,950 - $215,050
  • Charlotte, NC: $185,220 - $226,380

Base Pay Range:
The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$203,760.00 - $249,040.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
  • Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
  • Paid Parental Leave as well as an Adoption Assistance Program
  • Competitive 401k savings plan with company match and an additional contribution regardless of participation

You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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About Pacific Life

Sourced by ZipRecruiter

When you purchase life insurance and retirement solutions, you're buying a promise. A promise that today, tomorrow or ten years from now, we'll be there. For more than 150 years, our clients have trusted Pacific Life to protect what matters most to them - their families, their businesses, their futures.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Newport Beach, CA, US

Year founded

1868

Social media

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