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Director Model Risk Governance Jobs in California

Familiarity with model governance or credit risk governance and regulatory expectations. * Strong ... People management experience either in a direct or indirect capacity * Advanced critical thinking ...

The Bank of New York Mellon seeks Vice President, Model Risk Management II in Los Angeles, CA, to ... Board of Directors on a regular basis. Execute enterprise standards for model validation.

Familiarity with model governance or credit risk governance and regulatory expectations. * Strong ... People management experience either in a direct or indirect capacity * Advanced critical thinking ...

Direct experience designing or operating AI governance programs, model risk management frameworks, or technology risk management processes in financial services. * Deep understanding of the AI risk ...

Direct experience designing or operating AI governance programs, model risk management frameworks, or technology risk management processes in financial services. * Deep understanding of the AI risk ...

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

Sr Machine Learning Engineer

San Jose, CA

$65.25 - $86.50/hr

The position also supports AI and model risk governance to ensure compliance with PayPal's enterprise risk framework and evolving regulatory standards. Essential Responsibilities: * Develop and ...

Develop customer lifetime value (CLV) and portfolio economics models to inform acquisition ... Collaborate crossfunctionally with Product, Engineering, Risk Governance, Legal, Compliance, and ...

... Directors. * Ensures compliance with federal, state, and industry-specific regulations, while maintaining documentation and evidence required for compliance and risk governance. * Designs and ...

... Directors. * Ensures compliance with federal, state, and industry-specific regulations, while maintaining documentation and evidence required for compliance and risk governance. * Designs and ...

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Director Model Risk Governance information

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 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 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 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:
AVP, Chief Risk Officer Workforce Benefits (Newport Beach)

AVP, Chief Risk Officer Workforce Benefits (Newport Beach)

Pacific Asset Management, LLC

Newport Beach, CA • On-site

$230K - $268K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Job description

AVP, Chief Risk Officer Workforce Benefits page is loaded## AVP, Chief Risk Officer Workforce Benefitslocations: Newport Beach CA-700time type: Full timeposted on: Posted Yesterdayjob requisition id: R15923Job Description:We’re actively seeking a talented AVP – Chief Risk Officer, Workforce Benefits Division (“WBD”) to join the Pacific Life Risk Management team. Pacific Life is headquartered in Newport Beach, CA; ideally this person will be based out of Newport Beach. This role is hybrid, with 4 days in the office.The AVP – WBD Chief Risk Officer will play a key role in Pacific Life’s growth and long-term success. This successful candidate will work directly with business partners and key stakeholders to support the execution of the new and growing WBD strategy and key initiatives and assess and mitigate key risks across the Division.How you’ll make an impact:* Support the execution of the Workforce Benefits Division strategy to grow and scale a $1B revenue, profitable business in the Group Benefits market* Work collaboratively with partners on a variety of new business and in force initiatives to identify, assess and mitigate key risks, including: + New product development + Rate development + Renewal strategies + Execution of Technology and Operations roadmaps* Partner with Finance & Actuarial, Risk Management and WBD to tailor pricing and other risk policies and standards as needed for Group Benefits* Oversee the implementation of underwriting and pricing methodologies, support assumption oversight and model risk governance activities within the Division* Supervise operational risk management activities within the Division and coordinate 2nd lines of defense activities within the Division where needed (e.g., Risk, Compliance, CISO)* Promote a risk-aware culture and drive consistent and effective management practices* Develop and maintain division-level risk governance and reporting* Remain engaged with the competitive landscape, providing an understanding of competitor risk practices to stakeholders* Contribute to the development of enterprise-wide risk policies and standards and promote their adoption throughout the DivisionThe experience you will bring:* 10+ years of relevant Actuarial/Risk Management experience within the Workforce/Group Benefits industry* Strong understanding of how insurance, operational, and strategic risks manifest in group benefits products* Strong analytical capabilities with ability to apply analytical/critical thinking background to new situations* Self-starter who can be trusted to take ownership of their work product* Understanding of insurer financials, including Statutory and GAAP accounting, as well as how those frameworks are represented in product pricing* Strategic, creative, and broadly focused thinker with demonstrated ability to be persuasive and collaborativeWhat will make you stand out:* Relevant credentials, including FSA or CFA, are a plus* Consistent track record of effectively working with data to manage risk and process re-engineering, simplification, and streamlining* Comfortable in ambiguity and an advocate for change* Demonstrated ability to anticipate future consequences and trends accuratelyMore reasons to join:At Pacific Life, the work we do matters. We work passionately each day to drive our company forward while enjoying job security, flexible scheduling, and great opportunities for career growth.You can be who you are.Instagram.com/lifeatpacificlife$230,000 - $268,000Base 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.Your Benefits Start Day 1Your 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 participationEEO 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.*At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our .
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