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Director Model Risk Governance Jobs in Pennsylvania

Vanguard Group, Inc.

Model Validator

Malvern, PA · On-site

You will also partner with Risk and Control colleagues to influence broader programs and initiatives that strengthen model governance across Vanguard. This role includes people leadership ...

Vangard, Inc.

Model Validator

Malvern, PA

You will also partner with Risk and Control colleagues to influence broader programs and initiatives that strengthen model governance across Vanguard. This role includes people leadership ...

Vanguard Group

Model Validator

Malvern, PA · On-site

You will also partner with Risk and Control colleagues to influence broader programs and initiatives that strengthen model governance across Vanguard. This role includes people leadership ...

Customers Bank

Model Risk Management Intern

Malvern, PA · On-site

$14.75 - $19.75/hr

Support the preparation of materials for Financial and Model Risk Management Committee (FMRC) and other governance forums * Track and follow up on remediation actions related to model findings and ...

Customers Bank

Model Risk Management Intern

Malvern, PA · On-site

$14.75 - $19.75/hr

Support the preparation of materials for Financial and Model Risk Management Committee (FMRC) and other governance forums * Track and follow up on remediation actions related to model findings 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 Pennsylvania? The most popular types of Model Risk Governance jobs in Pennsylvania are:
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Director Model Risk Governance jobs near you
Head of Governance - Model Risk Management

Head of Governance - Model Risk Management

Vangard, Inc.

Malvern, PA • On-site

Full-time

Posted 16 days ago

Job description

Overview:
We're seeking a strategic and forwardthinking Head of Governance - Model Risk Management to shape and lead an enterprisewide model risk framework in an environment where models, data, and AI are rapidly evolving. This leader will ensure models across the organization are transparent, wellgoverned, and aligned with global regulatory expectations-driving defensible practices, strong oversight, and meaningful risk insight for senior leadership and regulators.
If you are passionate about elevating governance, influencing enterprise decisionmaking, and building a culture of accountability and risk excellence, this is a highimpact opportunity to lead the future of model and AI governance.

Responsibilities:

Framework Leadership

  • Lead the development, adoption and maintenance of the model risk framework, including policies, standards, business processes, and controls.
  • Monitor industry trends to ensure the model risk framework remains effective and efficient in managing evolving risks.
  • Partner with leaders across Vanguard to ensure model risk practices are well integrated with Enterprise, Data, Technology, Operational, and AI risk frameworks.


Committees and Senior Management Engagement

  • Support the Model Risk committee and oversee establishment of supporting Divisional Model Risk Governance forums.
  • Prepare executive-level materials for Risk Committees, Audit Committees and the Board.
  • Provide meaningful insights on model risk themes, emerging issues and model performance trends.
  • Establish robust processes for challenge, escalation and dispute resolution.


Regulatory, Audit and Compliance

  • Serve as liaison for model risk with internal (audit) and external (regulatory) stakeholders.
  • Ensure timely remediation of regulatory and audit findings.
  • Stay current on evolving global regulations, execute gap assessments and drive remediation efforts to ensure on-going compliance.


Model Inventory and Risk Appetite

  • Direct cross-functional processes such as enterprise-wide model inventory attestation to support completeness and accuracy.
  • Support development and reporting of the model risk appetite and associated Key Risk Indicators.


Technology, Data and Processes

  • Partner with the technology product owner to define requirements for model life cycle platforms.
  • Ensure governance processes are automated, scalable and executed to high data quality standards.


Leadership and Stakeholder Management

  • Lead the team of governance professionals.
  • Partner closely with the broader model risk community and connecting stakeholders (Developers, Owners, Validators, IT, Audit, AI and Enterprise Risk).
  • Promote a culture of transparency, accountability and the risk mindset.


Qualifications:

  • Advanced degree in a technical field (e.g., math, statistics, computer science).
  • At least eight years of relevant experience, including four years developing enterprise-wide policies, standards and protocols in model risk, AI or a related discipline.
  • Deep knowledge of model risk frameworks (SR11-7, SS1/23); experience with AI frameworks and the EU AI Act preferred.
  • Ability to drive enterprise-wide change and managing complex stakeholder environments.
  • Strong analytical, problem-solving and decision-making capabilities.
  • Exceptional communication and executive-presence skills with proven experience presenting to senior committees and managing executive-level stakeholders.

Special Factors

Sponsorship

Vanguard is offering visa sponsorship for this position.

About Vanguard

At Vanguard, we don't just have a mission-we're on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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