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Director Model Risk Governance Jobs in Minnesota

Establish data ownership, stewardship, and accountability models across business and engineering ... Support compliance, audit, and risk management requirements related to data integrity and system ...

Summary The Director, Engineering is responsible for leading the design, development, delivery ... Ensure compliance with firm security, risk, governance, privacy, and data protection standards ...

You will define the strategy, operating model, and standards that enable accountable, high-quality ... Knowledgeof privacy, risk, and responsible AI * Enterprise leadership and influence across business ...

Establish data ownership, stewardship, and accountability models across business and engineering ... Support compliance, audit, and risk management requirements related to data integrity and system ...

As the Director of Risk & Controls , you will shape the future of Target's enterprise control ... governance as Target continues to evolve. Success in this role requires strong judgment, curiosity ...

Enterprise Architect (IT)

Minnetonka, MN · On-site +1

$70.25 - $90.75/hr

Reporting to the Director of Enterprise Architecture, this role partners with business, technology ... Familiarity with AI governance, model risk considerations, responsible AI principles, data ...

Enterprise Architect (IT)

Minnetonka, MN · On-site +1

$102K - $208K/yr

Reporting to the Director of Enterprise Architecture, this role partners with business, technology ... Familiarity with AI governance, model risk considerations, responsible AI principles, data ...

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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.
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Director Enterprise Risk - Risk Insights & Monitoring

Director Enterprise Risk - Risk Insights & Monitoring

Target

Minneapolis, MN • On-site

$135K - $243K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

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


Target rating

6.6

Company rating: 6.6 out of 10

Based on 6,906 frontline employees who took The Breakroom Quiz

14th of 39 rated national retailers


Job description

The pay range is $135,000.00 - $243,000.00

Pay is based on several factors which vary based on position.These include labor markets and in some instancesmay include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

Job Title: Director Enterprise Risk - Risk Insights & Monitoring

Classification: Exempt

Date: July 2026

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture.Learn more about Target here.

To match the signature style and passion of Target's distinctive and beloved retail brand, Target Legal Affairs is a dynamic and deeply knowledgeable team of legal, risk and compliance professionals, each with valuable expertise from several disciplines. Whether specializing in government affairs, policy, risk management, regulatory compliance, ethics, security, employee relations or other risk-based disciplines, this team advocates for Target and its business plans and works across the entire company to provide internal clients with cohesive guidance.

We are committed to being internal experts on key issues that affect Target's ability to productively, ethically and securely do business. We focus on defining, investigating, anticipating and mitigating risk in all its forms. We help protect Target and its subsidiaries by applying our comprehensive understanding and interpretation of the risks and requirements that govern our stores, supply chain, distribution centers and corporate locations.

Here, you'll enjoy working autonomously with a healthy work-life balance. Your passion for learning the business, building relationships with senior leaders and key business partners, and translating complex risk information into practical guidance will be key to tackling the ever-changing risk and governance challenges we face in a dynamic and fast-paced retail landscape.

A role in Enterprise Risk Management means you will help protect Target by identifying, assessing and managing a portfolio of top strategic, financial, operational, compliance, reputational and event-based risks the company faces. You will also play a key role in facilitating the company's holistic Enterprise Risk Management program, strengthening the company's risk acumen and providing strategic direction to company leaders on the most important risks.

This role is a peer leader responsible for managing programmatic application and content development on high-level, visible focus areas within Enterprise Risk Management, with a specific focus on risk insights, monitoring routines, risk posture reporting and data-enabled decision support. The role will engage a wide range of leaders and teams, training and advising them on new processes and program evolution related to risk management, monitoring, reporting and escalation. The role will be required to engage both internally and externally, representing the Enterprise Risk Management team in a variety of settings, including benchmarking, cross-functional working sessions and leadership routines. The role must have strong communication, facilitation, analytical and program management skills, and be comfortable with minimal direction and in ambiguous settings.

  • Initiate and sustain productive engagement and relationships with senior leaders (Sr. Director and above) on areas of enterprise risk across business functions and with key enterprise planning partners.

  • Maintain comprehensive portfolio inputs for Target's enterprise risks by identifying, gathering, aggregating, analyzing and translating information from a broad base of external and internal sources across the business, including senior leaders, risk owners, compliance partners, assurance partners and monitoring data sources.

  • Analyze the enterprise risk portfolio to identify trends, interdependencies, impacts, gaps, escalation triggers and other relationships within the portfolio and between the portfolio and enterprise strategic and financial plans.

  • Develop and oversee the program maturity roadmap for risk insights and monitoring, and direct risk lifecycle activities related to identifying, assessing and prioritizing, treating, monitoring and testing enterprise risks.

  • Lead implementation and adoption of consistent risk monitoring practices across business functions and second- and third-line partners, including metric definition, tolerance thresholds, control performance indicators, monitoring routines and leadership reporting inputs.

  • Provide risk-based planning and decision support to business functions and leaders (Sr. Director and above), including the development and facilitation of workshops, risk posture discussions and monitoring readouts.

  • Work closely with Risk leadership to design and continuously recommend improvements to the processes and mechanisms for discussing, reporting and making decisions on risk, including risk posture summaries, dashboards, escalation triggers and materials used to enable Risk Leadership interaction with senior leadership and the Board of Directors.

  • Partner with RiskCloud, data, technology and reporting partners to recommend data definitions, data quality expectations, traceability needs, workflow requirements and dashboard requirements that support effective risk monitoring and reporting.

  • Partner with Internal Audit, ERM, Compliance, Testing & Assurance and External Risk Sensing partners to ensure monitoring outputs inform risk assessment cycles, testing priorities, assurance coverage, findings analysis, scenario planning and governance escalation.

  • Use data, dashboards, findings, testing results, external signals and business context to translate complex risk information into clear, concise and actionable insights for leaders.

  • Ensure the core risk management components, including established risk management procedures of Target, are carried out and continuously improved in alignment with Enterprise Risk Management priorities.

  • Perform other duties as assigned.

About you:
  • BS/BA in a business-related field or equivalent combination of education and experience.

  • Minimum of 7-10 years directly related experience in enterprise risk management, compliance, audit, controls, governance, data-enabled reporting or a related field.

  • Excellent written, oral and facilitation communication skills, with strong executive presence and comfort presenting information to large groups across multiple levels.

  • Highly organized, action-oriented and able to work in ambiguous environments with minimal direction around new areas of work.

  • Ability to lead, drive and implement multiple initiatives independently and at the same time with strong accuracy and completeness.

  • Experience leading cross-functional efforts and collaborating across numerous partners, departments and teams to drive results.

  • Demonstrated creative problem-solving skills and ability to identify and connect data, risk signals and business context, and then turn insights into action.

  • Experience developing or improving risk monitoring routines, KRI/KPI frameworks, control performance measures, risk dashboards or leadership reporting mechanisms.

  • Ability to translate complex risk, control, findings, testing and data concepts into practical recommendations and decision-ready materials for senior leaders.

  • Experience partnering with technology, data, RiskCloud/GRC or reporting teams to define business requirements, data quality expectations, dashboard needs or workflow improvements.

  • Ability to influence others within and outside the job function regarding risk management practices, monitoring routines, reporting expectations and escalation processes.

Desired Requirements:
  • Risk management, compliance, audit, data analytics or project/program management certification.

  • Experience in retail or corporate environment working in a matrixed operation.

  • Experience with RiskCloud, GRC platforms, Power BI, Tableau or comparable reporting, workflow or dashboard tools.

  • Experience with enterprise risk, compliance management systems, control frameworks, findings analysis or integrated assurance practices.

  • Established acumen with genAI tools, analytics and new ways of working that can improve risk visibility, reporting and decision support.

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target's needs. A Hybrid/Flex for Your Day work arrangement means the team member's core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Clickhereif you are curious to learn more about Minnesota.

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_F

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com. Non-accommodation-related requests, such as application follow-ups or technical issues, will not be addressed through this channel.


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About Target

Sourced by ZipRecruiter

We're here to help all families discover the joy of everyday life. Target is a general merchandise retailer with stores in all 50 U.S. states and the District of Columbia. 75% of the U.S. population lives within 10 miles of a Target store. We employ 400,000+ Our tagline is "Expect More. Pay Less." We've been using it since 1994! The Target Corporation also owns Shipt and Roundel. More to love! Target is headquartered in Minneapolis, Minnesota, its hometown since the first Target store opened in 1962 under The Dayton Company.

Industry

Retail and scientific research and development services

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US