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Director Model Risk Governance information

See Hackensack, NJ salary details

$58.9K

$156.2K

$283.6K

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

As of Jul 13, 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 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 popular job titles related to Director Model Risk Governance jobs in Hackensack, NJ? For Director Model Risk Governance jobs in Hackensack, NJ, the most frequently searched job titles 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
Infographic showing various Director Model Risk Governance job openings in Hackensack, NJ as of July 2026, with employment types broken down into 83% Full Time, 12% Part Time, and 5% Contract. Highlights an 86% In-person, 2% Hybrid, and 12% Remote job distribution, with an average salary of $156,164 per year, or $75.1 per hour.
Risk Management - Model Risk Governance and Review - Policy Vice President

Risk Management - Model Risk Governance and Review - Policy Vice President

JP Morgan Chase

Manhattan, NY • On-site

Full-time

Medical, Retirement

Re-posted 20 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 491 frontline employees who took The Breakroom Quiz

58th of 149 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 a Vice President in the Model Risk Governance and Review (MRGR) team, you will support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance. You'll play a crucial role in responsibly growing the business by anticipating risks and solving real-world challenges. Our culture encourages innovative thinking and excellence. As part of the Model Risk Governance and Review (MRGR) team, you'll support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance.

Job Responsibilities

  • Drive initiatives to enhance the model risk management framework, ensuring it is fit-for-purpose and can be efficiently executed by model risk stakeholders
  • Ensure changes are consistently reflected across all model risk framework components, including policy, procedures, templates, metric definitions, and reporting design
  • Serve as the primary contact for queries related to the model risk management framework
  • Innovatively redesign model risk management processes for operational excellence, managing multiple projects simultaneously
  • Collaborate with the infrastructure product team to align process and system designs
  • Triage and prioritize proposed enhancements, engaging with management and stakeholders to provide transparency in a clear and concise manner
  • Work closely with stakeholders in other teams/functions to gather feedback and promote consistency in model risk management practices
  • Maintain strong connections with other frameworks and controls within the firm to ensure comprehensive model risk management

Required qualifications, capabilities, and skills

  • Proven experience in developing and enhancing model risk management frameworks, along with expertise in process re-engineering
  • Demonstrated ability to juggle multiple priorities while ensuring clear and transparent decision-making
  • Strong analytical skills paired with strategic thinking abilities

  • Exceptional attention to detail and outstanding communication skills

Preferred qualifications, capabilities, and skills

  • Candidates with experience in model risk management, risk consulting, or roles focused on risk and control 
     
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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