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Director Model Risk Governance Jobs in Hackensack, NJ

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FCRM Model Risk Governance Strategy

New York, NY

$96.13K - $155.95K/yr

We are looking for a Model Risk Governance Analyst to enhance and implement the model risk governance for the full FCRM's models and AI solutions. This is a critical role that liaises among model ...

ING Group

Director, Model Risk Management

New York, NY · On-site

$217K - $273K/yr

Model Risk Management | Model Risk Management Lead, Director | NYC About ING: In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services to ...

ING Group

Director, Model Risk Management

New York, NY · Hybrid

$217K - $273K/yr

Model Risk Management | Model Risk Management Lead, Director | NYC About ING: In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services to ...

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Director Model Risk Governance information

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$58.9K

$156.2K

$283.6K

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

As of May 28, 2026, the average yearly pay for director model risk governance in Hackensack, NJ is $156,164.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,100.00 and $182,700.00 per year, depending on experience, location, and employer.

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 job categories do people searching Director Model Risk Governance jobs in Hackensack, NJ look for? The top searched job categories for Director Model Risk Governance jobs in Hackensack, NJ are:
What cities near Hackensack, NJ are hiring for Director Model Risk Governance jobs? Cities near Hackensack, NJ with the most Director Model Risk Governance job openings:
Director Model Risk Governance jobs near you
Risk Management - AI Governance - Model Risk - Executive Director

Risk Management - AI Governance - Model Risk - Executive Director

JP Morgan Chase

Manhattan, NY

Full-time

Medical, Retirement

Posted 23 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 466 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Bring your Expertise to JPMorgan Chase.  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As an Executive Director in Risk Management - AI Governance - Model Risk, you are at the center of keeping JPMorgan Chase strong and resilient.. Our culture is all about thinking outside the box, challenging the status quo, and striving to be best-in-class. MRGR is a global team of modeling experts responsible for independent model validation and governance to identify, measure, and mitigate model risk, ensuring models are fit for purpose, used appropriately, and that users understand their limitations and impact on business decisions. MRGR's AI Governance team oversees the model risk management framework for AI models and tools used across the firm, offering a unique opportunity to work at the forefront of AI and risk management.

Job Responsibilities 

  • Design and implement comprehensive AI governance frameworks, policies, and procedures responsive to the rapidly changing landscape
  • Collaborate with stakeholders across the firm to identify new and evolving AI/ML practices (including agentic capabilities), assess the sufficiency of the model risk management policy, procedures, and standards, and recommend enhancements to mitigate emerging risks.
  • Establish strong relationships on behalf of MRGR with key AI/ML related functions firmwide, establishing a deep network and understanding of the firmwide AI/ML landscape
  • Engage with stakeholders on controls and process design, especially where an interdisciplinary approach is needed, and identify opportunities for process optimization
  • Develop and prepare communications for senior management and regulators about the emerging risks and mitigation strategies.
  • Independently own and execute project workstreams within the organization from inception to completion

Required Qualifications, Skills and Capabilities

  • 12+ years of experience in risk management, technology, model development or model risk roles
  • Keen understanding of risk governance, and ability to navigate a complex organization
  • Exceptional communication skills, with the ability to interface with senior stakeholders in other functional areas in the firm. Ability to translate technical considerations into business risks, and communicate effectively in an interdisciplinary environment
  • Experience with change management and build-out of systems, processes and frameworks
  • Risk and control mindset: ability to ask incisive questions, identify and assess risks 
  • Exceptional organization skills and understanding of corporate governance. Ability to influence at scale, resolve uncertainty, and deliver results in a fast-paced, multidisciplinary environment
  • Experience using and building GenAI tools
     

Preferred Qualifications, Skills and Capabilities

  • Experience in model review or model governance roles
  • Experience with technology systems design  
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

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