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Director Model Risk Governance Jobs in California

... Risk Management in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.

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Director Model Risk Governance information

What is a director model risk governance?

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 the key skills and qualifications needed to thrive as a director model risk governance?

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 some common challenges faced by a director 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 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 most commonly searched types of Model Risk Governance jobs in California?

The most popular types of Model Risk Governance jobs in California are:

What are popular job titles related to Director Model Risk Governance jobs in California?

For Director Model Risk Governance jobs in California, the most frequently searched job titles are:

What job categories do people searching Director Model Risk Governance jobs in California look for?

The top searched job categories for Director Model Risk Governance jobs in California are:

What cities in California are hiring for Director Model Risk Governance jobs?

Cities in California with the most Director Model Risk Governance job openings:

Infographic showing various Director Model Risk Governance job openings in California as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution.

Credit Administration Advisor - Risk Rating Support & Governance (Hybrid)

First Citizens Bank

Santa Clara, CA • Hybrid

$135K - $145K/yr

Full-time

Re-posted 18 days ago


First Citizens Bank rating

7.4

Company rating: 7.4 out of 10

Based on 106 frontline employees who took The Breakroom Quiz

106th of 171 rated banks


Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. The preferred locations are: Raleigh, NC or Morristown, NJ or Santa Clara, CA.

The Credit Administration Advisor supports the Bank's commercial risk rating framework, associated technology platforms, and related governance processes.

This role serves as a key liaison between business users, Credit Administration, Credit Risk Management, Model Development, Model Risk Management (MRM), and Technology teams. Initially focused on user support, issue resolution, training, operational oversight, and business adoption of the Bank's newly implemented risk rating platform, the role will gradually assume increasing responsibility for risk rating governance, model monitoring, model lifecycle management, and business ownership activities as the program matures.

The ideal candidate combines commercial credit knowledge, analytical capabilities, and an interest in credit risk rating methodologies, model governance, and risk management practices. This position offers a unique opportunity to develop into a business-side owner of the Bank's commercial risk rating framework.


Responsibilities

Risk Rating Oversight

  • Develop expertise in commercial credit risk rating methodologies, rating drivers, financial statement analysis, model outputs, and business applications.
  • Support and enhance risk rating processes to ensure accuracy, completeness, and compliance.

User Support & Business Partnership

  • Serve as the primary point of contact for risk rating-related inquiries that include model technology, process and/or governance related questions.
  • Develop deep relationships with key business leaders.
  • Translate technical model concepts into practical business guidance.
  • Ensure timely issue resolution, communication, and escalation.
  • Maintain procedures, job aids, training materials, FAQs, and communications.

Risk Management & Model Governance

  • Partner with Credit Risk Management, Model Development, MRM, and Technology teams.
  • Support implementation, governance, monitoring, validation, and enhancement of risk rating models.
  • Assist with governance, audit, validation, and regulatory review activities
  • Support documentation, testing, implementation, and governance activities associated with model changes.

Reporting, Analytics & Model Monitoring

  • Develop reporting and analysis supporting model adoption, usage trends, override activity, and operational performance.
  • Support ongoing monitoring of model performance and identify emerging trends or anomalies.
  • Analyze issue trends, escalation metrics, resolution times, migration trends, and other indicators.
  • Prepare reports and dashboards for management and governance forums.

Process Improvement

  • Identify opportunities to improve user support, workflow efficiency, data quality, issue management, and operational controls
  • Recommend sustainable solutions and future enhancements.
  • Collaborate across business, risk, and technology teams to support continuous improvement initiatives.

Qualifications
  • Bachelor's Degree and 4 years of experience in Strong analytical skills, attention to detail, and a solid understanding of commercial credit operations, credit documentation, and loan servicing. OR High School Diploma or GED and 8 years of experience in Strong analytical skills, attention to detail, and a solid understanding of commercial credit operations, credit documentation, and loan servicing.

Preferred Qualifications

  • Experience in commercial credit, credit risk, portfolio management, credit administration, model governance, risk analytics, or model risk management.
  • Experience supporting risk rating models, scorecards, or commercial credit risk frameworks.
  • Experience with commercial credit underwriting, portfolio management, risk rating assignment, annual credit reviews, or portfolio monitoring.
  • Knowledge of model lifecycle management, model monitoring, model validation, governance, or MRM practices.
  • Experience analyzing migrations, overrides, portfolio trends, criticized/classified asset trends, or model performance metrics.
  • Strong analytical, problem-solving, and communication skills with the ability to influence both business and technical stakeholders.
  • Experience with nCino, Moody's CreditLens, Archer, or similar platforms.
  • Experience supporting regulatory examinations, internal audits, model validations, or governance reviews.

This job posting is expected to remain active for 8 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $135,000 and $145,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits

Qualifications:
  • Bachelor's Degree and 4 years of experience in Strong analytical skills, attention to detail, and a solid understanding of commercial credit operations, credit documentation, and loan servicing. OR High School Diploma or GED and 8 years of experience in Strong analytical skills, attention to detail, and a solid understanding of commercial credit operations, credit documentation, and loan servicing.

Preferred Qualifications

  • Experience in commercial credit, credit risk, portfolio management, credit administration, model governance, risk analytics, or model risk management.
  • Experience supporting risk rating models, scorecards, or commercial credit risk frameworks.
  • Experience with commercial credit underwriting, portfolio management, risk rating assignment, annual credit reviews, or portfolio monitoring.
  • Knowledge of model lifecycle management, model monitoring, model validation, governance, or MRM practices.
  • Experience analyzing migrations, overrides, portfolio trends, criticized/classified asset trends, or model performance metrics.
  • Strong analytical, problem-solving, and communication skills with the ability to influence both business and technical stakeholders.
  • Experience with nCino, Moody's CreditLens, Archer, or similar platforms.
  • Experience supporting regulatory examinations, internal audits, model validations, or governance reviews.

This job posting is expected to remain active for 8 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $135,000 and $145,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits

Education:UNAVAILABLEEmployment Type: FULL_TIME

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