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Director Model Risk Governance Jobs in Bowie, MD

Morgan Stanley

Model Risk Control Specialist

Baltimore, MD · On-site

$70K - $125K/yr

... governance, monitoring, and documentation of Financial Crime Compliance models, partnering with ... This is a Director level position within the NFR Data & Analytics team, which is responsible for ...

Morgan Stanley

Model Risk Control Specialist

Baltimore, MD · On-site

$70K - $125K/yr

... governance, monitoring, and documentation of Financial Crime Compliance models, partnering with ... This is a Director level position within the NFR Data & Analytics team, which is responsible for ...

World Bank

Risk Officer

Washington, DC · On-site

Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with ...

Freddie Mac

IT Risk Technical Lead

Mclean, VA · On-site

$136 - $204/hr

Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements

Freddie Mac

IT Risk Technical Lead

Mclean, VA · On-site

Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements

LPL Financial

AVP, AI Risk and Governance

Arlington, VA · On-site

$117K - $195K/yr

The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...

LPL Financial

AVP, AI Risk and Governance

Arlington, VA · On-site +1

$117K - $195K/yr

The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...

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Director Model Risk Governance information

See Bowie, MD salary details

$52.1K

$138.2K

$251K

How much do director model risk governance jobs pay per year?

As of Aug 24, 2026, the average yearly pay for director model risk governance in Bowie, MD is $138,237.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,900.00 and $161,700.00 per year, depending on experience, location, and employer.

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 Bowie, MD?

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

What job categories do people searching Director Model Risk Governance jobs in Bowie, MD look for?

The top searched job categories for Director Model Risk Governance jobs in Bowie, MD are:

Director Model Risk Governance jobs near you
Infographic showing various Director Model Risk Governance job openings in Bowie, MD as of June 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $138,237 per year, or $66.5 per hour.

IT Risk Tech Lead - AI and Model Risk Governance

Freddie Mac

Mclean, VA • On-site

Full-time

Re-posted 14 days ago

Freddie Mac rating

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
The Enterprise Operations & Technology (EO&T) Risk Governance Team provides risk management support to the maturing of EO&T division's model risk governance process and the enterprise-wide adoption of AI risk governance framework. We work closely with all three lines of defense, and business partners on a series of risk governance and reduction activities.
Our Impact:
  • Develop and operationalize scalable model governance processes within EO&T division to promote effective model governance compliant with regulatory requirements
  • Support enterprise Artificial Intelligence (AI) adoption through the development and enhancement of critical governance technology solutions
  • Execute risk mitigation processes to ensure compliance with model and AI governance requirements
  • Develop and deliver management reporting and insights to stakeholders on the model and AI governance and compliance programs
  • Facilitate continuous monitoring, reporting, and improvement of compliance with regulatory and corporate requirements

Your Impact:
  • Lead the development, implementation, and continuous improvement of model governance operating processes
  • Drive process automation initiatives to improve operational efficiency and scalability
  • Lead and support operational control testing activities to assess control execution effectiveness
  • Coordinate and manage third-party vendor risk governance activities, including vendor SOC and Enhanced Information Risk Review
  • Lead AI Clearinghouse operations and strategic initiatives, including AI solutions and use case intake governance, stakeholder support, anomaly resolution, management reporting, and platform enhancement
  • Partner with cross-functional stakeholders to enhance and implement platform and tool enhancements and operational improvements
  • Support management in executing strategic initiatives, risk mitigation efforts, and other high-priority projects
  • Serve as a trusted advisor to business, technology, and risk partners on model, AI, vendor governance requirements

Qualifications:
  • Bachelor's degree in a relevant field such as Computer Science, Information Systems, Finance, Risk Management or a related field. Advanced degrees (MBA, MS, or equivalent) preferred
  • Minimum of 8 years of experience in model risk governance, AI/ML risk management, operational risk management, technology risk management, or related governance and compliance functions
  • Experience developing, implementing, or operating model governance and AI governance, and ability to interpret regulatory requirements and translating governance standards into operational processes and controls
  • Working knowledge of the COSO internal control framework, the NIST controls framework, operational risk management principles, and financial industry governance and compliance practices
  • Previous experience in IT audit, operational risk management, regulatory compliance, or a Big Four consulting
  • Relevant professional certifications such as CISA, CISSP, CISM, CPA, CIA Security+, or similar certifications are strongly desired

Keys to Success in this Role:
  • Strong technical, analytical, problem-solving, and critical thinking skills
  • Excellent written, verbal, and interpersonal communication skills
  • Self-motivated and proactive professional with a strong sense of ownership and accountability
  • Ability to adapt changes positively and quickly
  • Ability to manage competing priorities and deliver high-quality results in a fast-paced environment
  • Ability to work independently while fostering collaboration across diverse teams and stakeholders
  • Intellectual curiosity and passion for learning emerging technologies, AI and model trends, and evolving regulatory requirements
  • Strong organizational and project management skills with attention to detail and excellence.
  • Ability to drive process improvements, automation, and operational excellence.

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $136,000 - $204,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

What Freddie Mac employees say

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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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