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Director Model Risk Governance Jobs in Nappanee, IN

POLYWOOD

Director | Data Engineering

Syracuse, IN · On-site

This role is perfect for someone who loves designing architecture, establishing governance, and ... modeling layers with clear standards and naming conventions. • Build and maintain structured ...

Jj

Director, Business & Supply Continuity

Warsaw, IN · On-site

... risk management expectations. * Design and deploy standardized continuity frameworks, governance ... operating model changes. * Establish metrics, reporting, andexecutivelevelinsights ...

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All JobsModel Risk Governance JobsDirector Model Risk Governance JobsDirector Model Risk Governance Jobs in Nappanee, IN

Director Model Risk Governance information

See Nappanee, IN salary details

$48.2K

$127.7K

$231.9K

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

As of Jul 30, 2026, the average yearly pay for director model risk governance in Nappanee, IN is $127,700.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,100.00 and $149,400.00 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.
Director Model Risk Governance jobs near you
Infographic showing various Director Model Risk Governance job openings in Nappanee, IN as of July 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $127,700 per year, or $61.4 per hour.

Credit Underwriter - Loan Review/Risk Governance

Centier

South Bend, IN

Full-time

Medical, Retirement, PTO

Re-posted 26 days ago

Job description

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company's achievement as well.

A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results.

What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING companythat's built on these pillars?

What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE.

Supervisory Responsibilities: This individual may occasionally assist with training less experienced analysts and coordinating department projects as needed.

Job Summary: The Underwriter III plays a key role in strengthening the quality of the bank's commercial credit portfolio by preparing written credit review analyses and recommending appropriate risk ratings for relationships ranging from $1MM to the bank's legal lending limit. This role supports early identification of credit concerns through financial review, covenant monitoring, and Watchlist analysis, while partnering with lenders to provide thoughtful, risk-based insight. The ideal candidate brings strong experience with moderately complex commercial loans, including significant exposure to relationships exceeding $5MM, with expertise in CRE and/or C&I.

Essential Duties and Responsibilities:

  • Exercise independent judgment in presenting data, conclusions, and recommendations within the framework of applicable regulations, policies, and guidelines.
  • Collect and review borrower financial information, including income, assets, and liabilities, to assess appropriate credit exposure for relationships typically ranging from $1MM to $20MM.
  • Lead development of written credit review presentations for existing loan relationships and partner with commercial lenders to shape action plans for Watchlist credits. Presentations should clearly identify key strengths, emerging risks, and the recommended risk grade, with concise verbal summaries provided at Watchlist Committee to inform discussion and next steps.
  • Conduct reviews of covenant compliance and collaborate with lenders for resolution to failed covenants.
  • Interact with commercial lenders and Risk Management officers to evaluate any potential deterioration of existing borrowers.
  • Participate and provide expertise in credit discussions as needed with commercial lenders, market presidents, credit managers, and the Chief Credit Officer.
  • Help drive strong portfolio performance by applying sound credit review practices that support early detection of risk, proactive issue management, and effective oversight of commercial relationships.

Knowledge, Skills, and Abilities:

  • Strong time management skills, with the ability to meet strict deadlines and respond to high-priority requests from management.
  • Strong critical thinking skills, with the ability to evaluate information, form sound conclusions, and communicate recommendations clearly in writing and verbally.
  • Strong quantitative analysis skills, including the ability to work with multiple variables, analyze large data sets and spreadsheets, and identify and summarize patterns and trends.
  • Demonstrated ability to learn new tasks, procedures, and software quickly, along with the underlying concepts that support a broad range of commercial loan risk management responsibilities.
  • Strong organizational skills, with the ability to manage multiple priorities while maintaining accuracy and follow-through.
  • Strong attention to detail
  • Proficiency in Microsoft Office and experience working with financial models, worksheets, and spreadsheets.
  • Some travel may be required

Minimum Requirements:

  • Working knowledge of underwriting principles for moderately complex Commercial & Industrial or Commercial Real Estate loans, as well as certain specialty lending types such as land acquisition and development, contractor, hotel, senior housing, municipal, or nonprofit lending.
  • Bachelor's degree in finance, accounting, or a related field, or equivalent experience and training in commercial loan credit analysis.
  • At least 5 years of commercial lending experience, with a strong emphasis on credit analysis, portfolio risk assessment, and risk management.
  • Completion of formal credit training through ABA, RMA, or a comparable internal bank training program. Credit Review experience is preferred.

What do I do now?

  • Apply with us!
  • Refer this opening to others!

Disability Accommodation Statement
Centier Bank is an Equal Employment Opportunity/Affirmative Action employer and is committed to providing reasonable accommodations to individuals with disabilities in the employment application process. If you need an accommodation due to a disability to use our online system to apply for a position at Centier Bank, please call us at 219-755-6160 or send us an email at hrcareers@centier.com.

Equal Opportunity Employer/Disability/Veteran
Centier Bankis proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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