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Director Model Risk Governance Jobs in Utah (NOW HIRING)

Morgan Stanley

Risk Officer - Vice President

Sandy, UT · On-site

$100 - $125/hr

WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed. * Partner with ...

Jobless

Sr Catastrophe Risk Analyst

Draper, UT · On-site

$150 - $200/hr

This role offers a unique opportunity to join a growing organization where your work has direct ... Hands‑on experience with advanced analytics, statistical modeling, data governance, big data ...

Morgan Stanley

Risk Officer - Vice President

Sandy, UT · On-site

WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed. Partner with ...

Morgan Stanley

Risk Officer - Vice President

Sandy, UT · On-site

WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed. * Partner with ...

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

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 popular job titles related to Director Model Risk Governance jobs in Utah?

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

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

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

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

Director Model Risk Governance jobs near you

Risk, Credit Risk, Associate, Salt Lake City Salt Lake City · · Associate

Salt Lake City, UT • On-site

Goldman Sachs Bank AG
See more jobs at Goldman Sachs Bank AGexternal

$100 - $125/hr

Other

Medical, Dental, Life, Retirement, PTO

Posted 7 days ago

Key responsibilities

  • Approve counterparty research reviews and internal credit ratings analysis conducted by analysts.

  • Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management.

  • Coordinate with global colleagues and support key Risk governance and approval committees.

Job description

Risk, Credit Risk, Associate, Salt Lake City location_on Salt Lake City, UT, United States

CRG – AssociateGlobal Risk

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

Job Summary & Responsibilities

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Credit Risk ("CR") is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Hong Kong, Warsaw and Tokyo. Understanding the credit quality of corporations, financial institutions and governments worldwide is an essential aspect of the firm's ability to be an effective financial intermediary. Credit professionals with expertise in financial, credit and risk analysis work closely with many areas of the firm as well as clients in either an advisory or transactional capacity, offering a unique opportunity to gain a broad perspective on the activities of the Firm.

We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CR professionals are part of the value proposition of the firm, and we balance our key functional responsibility of control with that of being commercial. CR has strong traditions of risk management, client service excellence and career development opportunities for our people.

Below you will find the role and responsibilities of a typical Credit Research Group approver.

Key Responsibilities
  • Approve counterparty research reviews and internal credit ratings analysis conducted by analysts. Analysis is expected to include:
    • Assessment of industry fundamentals, financial strengths, and qualitative factors supporting counterparties' creditworthiness
    • Financial models to assess the counterparties' ability to service its debt through cash flow projections
    • Analysis of performance relative to budget and/or underwriting expectations, as well as adherence to covenants
    • Analyze all credit facilities of the portfolio counterparties and recommend Regulatory Risk Ratings
  • Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to CR senior management
  • Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management
  • Update and maintain existing internal rating methodology
  • Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
  • Provide both industry specific training and review process training to new hires and juniors analysts
  • Opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media, and telecommunications
Other key responsibilities include:
  • Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
  • Support key Risk governance and approval committees
  • Participate in regulatory examinations
Basic Qualifications
  • Bachelor's Degree (US or foreign equivalent) in Business Administration, Finance, or a related field
  • 3-7 years of experience in the job offered or a related role
Preferred Qualifications
  • Experience in financial models including, but not limited to, future projections, valuation methods (such as DCF, Multiple based approach)
  • Experience in presenting and defending research reports and findings to colleagues, senior management and internal stakeholders
  • Experience in team environment, including experience providing training to junior colleagues and peers
  • Highly motivated with strong academic background
  • Strong analytical and communication skills, both oral and written
  • Team player with an ability to work effectively with colleagues in other regional offices
  • Flexibility, ability to learn quickly
  • Strong organizational skills and the ability to manage multiple assignments concurrently
Healthcare & Medical Insurance
  • medical
  • dental
  • short-term disability
  • long-term disability
  • life
  • accidental death
  • labor accident
  • business travel accident insurance

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement
  • We assist employees in saving and planning for retirement
  • We offer financial support for higher education
  • We provide a number of benefits to help employees prepare for the unexpected
  • We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities
Health Services
  • We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP)
  • We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program
  • We also offer state-of-the-art on-site health centers in certain offices
Fitness
  • To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers
  • For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount)
Child Care & Family Care
  • We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms
  • In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave
  • Adoption, surrogacy, egg donation and egg retrieval stipends are also available
Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

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