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Director Model Risk Governance Jobs in Ridgewood, NJ

NCSL International

Director, Model Validation

Manhattan, NY · On-site

$151 - $262/hr

Familiarity with regulatory frameworks (e.g., FRTB, model risk governance) in a derivatives context. Salary $150,700.00 - $261,800.00 Pay Type: Salaried The above represents BMO Financial Group's pay ...

New

Bank of Montreal

Director, Model Validation

New York, NY · On-site

$150K - $261K/yr

Familiarity with regulatory frameworks (e.g., FRTB, model risk governance) in a derivatives context. Salary : $150,700.00 - $261,800.00 Pay Type: Salaried The above represents BMO Financial Group ...

BMO Financial

Director, Model Validation

Manhattan, NY · On-site

$150K - $261K/yr

Familiarity with regulatory frameworks (e.g., FRTB, model risk governance) in a derivatives context. Salary : $150,700.00 - $261,800.00 Pay Type: Salaried The above represents BMO Financial Group ...

Gemini

Manager, Enterprise Risk

New York, NY · On-site

Model Risk Management * Serve as a key stakeholder and subject matter expert in the firm's model risk governance program * Partner with Quantitative Research, Data Science, and Finance teams to ...

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All JobsModel Risk Governance JobsDirector Model Risk Governance JobsDirector Model Risk Governance Jobs in Ridgewood, NJ

Director Model Risk Governance information

See Ridgewood, NJ salary details

$54.6K

$144.9K

$263.1K

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

As of Aug 7, 2026, the average yearly pay for director model risk governance in Ridgewood, NJ is $144,872.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,700.00 and $169,500.00 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 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 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 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 job categories do people searching Director Model Risk Governance jobs in Ridgewood, NJ look for? The top searched job categories for Director Model Risk Governance jobs in Ridgewood, NJ are:
What cities near Ridgewood, NJ are hiring for Director Model Risk Governance jobs? Cities near Ridgewood, 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 Ridgewood, NJ as of August 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 84% In-person, 5% Hybrid, and 11% Remote job distribution, with an average salary of $144,872 per year, or $69.7 per hour.

Risk Management - Quant Model Risk Associate

JPMorgan Chase & Co.

Manhattan, NY • On-site

$135K - $150K/yr

Full-time

Medical, Retirement

Posted 22 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

73rd of 170 rated banks

Job description


Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorgan Chase's strength and resilience. 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 Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with complex models used across a space that includes models used for Corporate and Industrial Wholesale loan loss forecasting, Obligor Grading, Economic Capital and related BAU activities for wholesale credit risk. You'll be at the forefront of innovation, driving continuous improvement in a dynamic and collaborative environment. This role also provides the opportunity to gain exposure to various business and functional areas, as well as collaborate closely with model developers and users.
Job Responsibilities
  • Perform thorough reviews of complex models used in Corporate and Investment Banking (ex-Trading), including PPNR, balance sheet and RWA forecasting models, by analyzing the conceptual soundness, model design, and appropriateness of models for specific products and structures.
  • Evaluate model behavior and ensure the suitability of stress testing models for their intended applications, identifying potential limitations and areas for improvement.
  • Develop and implement alternative model benchmarks. Design and maintain robust model performance metrics to compare and monitor the outcomes of various models.
  • Continuously evaluate model performance, ensuring models remain fit for purpose and compliant with internal and regulatory standards. Recommend enhancements and oversee remediation where necessary.
  • Serve as the primary point of contact for the business regarding new model implementations and changes to existing models. Provide expert guidance on model usage, limitations, and governance requirements.
  • Liaise effectively with model developers, Risk, and Control Groups. Offer guidance and support on model risk management, validation standards, and regulatory expectations.

Required Qualifications, Capabilities and Skills
  • Advanced degree (MSc, PhD, or equivalent) in a quantitative discipline such as mathematics, statistics, financial engineering, or related field.
  • Advanced knowledge of statistics, econometrics, economics and finance, with demonstrated ability to apply these concepts to financial modeling and risk assessment.
  • Deep understanding of the drivers of the behavior of balances/fees/losses of different products and businesses.
  • Strong analytical and problem-solving skills, with an inquisitive mindset and the ability to formulate insightful questions, identify model limitations, and escalate issues appropriately.
  • Excellent written and verbal communication skills, with the ability to clearly explain complex quantitative concepts to both technical and non-technical stakeholders.
  • Proficient programming skills in languages such as Python or similar, with experience implementing numerical algorithms and developing model prototypes.
  • Demonstrated curiosity and ownership, with a strong willingness to work collaboratively within a team-oriented environment.
  • 1+ years' experience in model development or in model review, validation, and governance within financial services, with a strong understanding of stress testing models.

Preferred Qualifications, Capabilities and Skills
  • Experience in stress testing exercises.

About Us
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
About the Team
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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