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Director Model Risk Governance Jobs in Phoenix, AZ

PNC Bank

Technology Risk Specialist Sr

Phoenix, AZ · On-site

$97K/yr

... governance obligations. Risk Quantification Responsibilities Technology Loss Modeling Develops and ... direct industry experience. Certifications are often desired. In lieu of a degree, a comparable ...

Ascend Learning

Director Data & AI

Gilbert, AZ · On-site +1

WHAT YOU'LL DO NASM is seeking a Director of Data and AI , reporting to the Chief Information ... Establish AI governance for NASM in alignment with Ascend Learning policy: model risk, responsible ...

Ascend Learning

Director Data & AI

Gilbert, AZ · On-site

$171 - $244/hr

WHAT YOU'LL DO NASM is seeking a Director of Data and AI , reporting to the Chief Information ... Establish AI governance for NASM in alignment with Ascend Learning policy: model risk, responsible ...

Socket.dev

AI Risk and Security Architect

Scottsdale, AZ · On-site

$140 - $180/hr

... model or agent lifecycle governance, privacy and regulatory analysis, and executive risk reporting. Required skills include NIST AI RMF, ISO/IEC 42001, model risk management, privacy analysis, and ...

New

Northern Trust

Voice ID Consultant

Tempe, AZ · On-site

Participate in governance activities with Model Risk, IT Risk, Fraud, and Privacy partners. * Partner annually with Privacy to assess regulatory or legislative changes impacting Voice ID use. * Lead ...

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Director Model Risk Governance information

See Phoenix, AZ salary details

$53.6K

$142.2K

$258.2K

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

As of Sep 6, 2026, the average yearly pay for director model risk governance in Phoenix, AZ is $142,169.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,800.00 and $166,300.00 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 the most commonly searched types of Model Risk Governance jobs in Phoenix, AZ?

The most popular types of Model Risk Governance jobs in Phoenix, AZ are:

What are popular job titles related to Director Model Risk Governance jobs in Phoenix, AZ?

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

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

The top searched job categories for Director Model Risk Governance jobs in Phoenix, AZ are:

Director Model Risk Governance jobs near you
Infographic showing various Director Model Risk Governance job openings in Phoenix, AZ as of August 2026, with employment types broken down into 2% As Needed, 82% Full Time, 14% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $142,169 per year, or $68.4 per hour.

Model Risk Management, Vice President

MUFG Bank, Ltd.

Tempe, AZ • Hybrid

$133K - $164K/yr

Full-time

Medical, Retirement, PTO

Re-posted 17 days ago

MUFG rating

8.1

Company rating: 8.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

We're seeking an Audit Relationship Manager who will provide audit coverage of model risk management activities of First and Second Lines of defense. The potential candidate should have good quantitative skills and sufficient expertise in relevant modeling concepts, their use and regulatory requirements (such as SR 11-7) for model risk management. You will assign and review the work of your team on the assigned audit, in conjunction with the Audit Director.
Internal Audit for the Americas acts as the third line of defense, independently assessing first and second line management's effectiveness in identifying, measuring, monitoring and controlling the risks of the Bank.
Responsibilities:

  • Assess the state of the governance, risk management, and control environment.

  • Report results in an effective and timely way, leading to appropriate remedial action and ongoing management of risk.

  • Maintain compliance with audit methodology, operating within applicable regulations and internal and external professional practice expectations.

  • Effectively relationships with senior staff to a mutually accountable, productive, respectful, and trusted level.

  • Act as a leader and role model for the team and the department.

Qualifications:

  • 10+years of related experience in model risk management (Big 4 - external/internal audit) or financial services industry, including Internal Audit experience with large complex financial institutions

  • Professional auditing certifications, such as the CIA, CPA, or CISA, are highly desirable

  • Ability to lead and execute the full life cycle of an audit, from planning to close

  • Critical thinking, analytical, and project management skills

  • Ability to perform risk assessments and analyze risk trends, identifying signs of changing levels and/or symptoms of process control breakdowns

  • Strong oral and written communication, including the ability to write clear, concise, non-technical, and persuasive risk evaluation reports

  • Availability to travel 25% of the time

  • Bachelor's degree

The typical base pay range for this role is between $133K - $164K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary


 


 

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

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About MUFG

Sourced by ZipRecruiter

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

Twitter

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