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Director Model Risk Governance Jobs in Virginia (NOW HIRING)

... governance * Improve the efficiency and efficacy of existing model risk management processes ... Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!) * Generous ...

... and supporting models/tools, with an emphasis on governance, performance outcomes, and risk ... without direct authority. * Strong analytical capability and problem-solving skills with the ...

... model risk governance and oversight for various model types. 7. Train/coach/mentor junior team ... and direct others independently without supervision, and strong project management skills. 6. ...

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

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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.
What are the most commonly searched types of Model Risk Governance jobs in Virginia? The most popular types of Model Risk Governance jobs in Virginia are:
What are popular job titles related to Director Model Risk Governance jobs in Virginia? For Director Model Risk Governance jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Governance jobs in Virginia look for? The top searched job categories for Director Model Risk Governance jobs in Virginia are:
What cities in Virginia are hiring for Director Model Risk Governance jobs? Cities in Virginia with the most Director Model Risk Governance job openings:
Senior Principal Risk Analyst (Governance Risk Compliance)

Senior Principal Risk Analyst (Governance Risk Compliance)

Navy Federal Credit Union

Vienna, VA • On-site

Full-time

Posted 11 days ago


Navy Federal Credit Union rating

8.1

Company rating: 8.1 out of 10

Based on 264 frontline employees who took The Breakroom Quiz

58th of 138 rated financial services


Job description

Job Description
As part of the Risk Technology Enablement and Innovation team, this role is responsible for advancing Governance, Risk, and Compliance (GRC) capabilities across Navy Federal. This position will partner with business leaders, risk function stakeholders, and technology teams to design, mature, and operationalize risk management programs including RCSA, Issue Management, 3rd Party Risk Management, Business Continuity, Data Risk Governance, Model Risk, Financial Risk and Credit Risk while enabling these capabilities within our GRC platform.
The Senior Principal will operate at a strategic and enterprise level, influencing program direction, shaping technology architecture, and ensuring alignment between risk program objectives and platform capabilities.
Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.
Responsibilities
  • Serve as a trusted advisor to risk function leaders across the three lines of defense on risk program maturity, governance, and optimization
  • Provide strategic recommendations to strengthen enterprise risk programs, align to industry best practices and drive consistency and integration across risk functions
  • Influence and contribute to the long-term strategy for GRC technology and risk program evolution
  • Partner with risk teams across the three lines of defense, building strong relationships with senior stakeholders to drive alignment, adoption, and consistency in risk processes and technology
  • Lead design and maturation of enterprise initiatives and risk programs including RCSA, Issue Management, 3rd Party Risk Management, Business Continuity, Data Risk Governance, Model Risk, Financial Risk and Credit Risk
  • Act as a subject matter expert in ServiceNow GRC including architecture, data models, and integrations
  • Lead translation of business needs into platform capabilities, configurations, and solution designs ensuring scalable, sustainable, and enterprise-aligned solutions
  • Ensure quality through UAT oversight, change management processes, and post-implementation reviews
  • Advice on platform governance, roadmap prioritization, and enterprise-wide adoption strategies
  • Define success metrics (KRIs, KPIs) and reporting structures to enhance risk visibility and decision-making
  • Mentor and guide junior team members and serve as a lead resource across the function
  • Strong interpersonal, verbal, and written communication skills

Qualifications
  • 15+ years of experience in Governance, Risk and Compliance (GRC) and Risk Management methodologies
  • Advanced, hands-on knowledge of ServiceNow GRC / IRM architecture and modules
  • Proven experience leading enterprise-scale risk program transformations and deep expertise across multiple risk domains (e.g., Operational Risk, 3rd Party Risk, Data Risk, Model Risk, Financial Risk, Credit Risk)
  • Experience leading large, complex initiatives with enterprise impact and drive cross-functional alignment
  • Strong communication skills with the ability to translate technical concepts into business outcomes
  • Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
  • Relevant certifications (e.g., CRISC, CISA, CISSP) preferred

Additional Information
Hours:
  • Monday - Friday, 8:00AM - 4:30PM

Locations:
  • 820 Follin Ln. Vienna, Virginia 22180
  • 5550 Heritage Oaks Dr. Pensacola, FL 32526

About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
  • FORTUNE 100 Best Companies to Work For® 2025
  • Yello and WayUp Top 100 Internship Programs
  • Computerworld® Best Places to Work in IT
  • Newsweek Most Loved Workplaces
  • 2025 PEOPLE® Companies That Care
  • Newsweek Most Trustworthy Companies in America
  • Military Times 2025 Best for Vets Employers
  • Best Companies for Latinos to Work for 2025
  • Forbes® 2025 America's Best Large Employers
  • Forbes® 2025 America's Best Employers for New Grads
  • Forbes® 2025 America's Best Employers for Tech Workers
  • 2025 RippleMatch Campus Forward Award Winner for Overall Excellence
  • Military.com Top Military Spouse Employers 2025
  • 2025 Handshake Early Talent Award

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at medicalaccommodations@navyfederal.org or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.
Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

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About Navy Federal Credit Union

Sourced by ZipRecruiter

Navy Federal Credit Union, based in Vienna, Virginia, United States, is a significant player in the financial services industry. Their official website is navyfederal.org. With its roots dating back to 1933, it was initially established to provide credit to Navy members. Over the years, Navy Federal has magnified its scope, evolving into a full-service credit union serving all branches of the military, the Department of Defense, veterans, and their families. The company’s core values include integrity, service, education, and leadership. Navy Federal aims to be the most preferred and trusted financial institution serving the military and their families.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Vienna, VA, US

Year founded

1933