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Director Model Risk Governance Jobs (NOW HIRING)

Associatedbank

Model Risk Manager

Green Bay, WI · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Associatedbank

Model Risk Manager

Omaha, NE · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Associatedbank

Model Risk Manager

Minneapolis, MN · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Associatedbank

Model Risk Manager

Milwaukee, WI · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Associatedbank

Model Risk Manager

Chicago, IL · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Elevate

Support model risk oversight by reviewing model performance results, validation findings ... partners without direct authority. * High attention to detail, sound judgment, professional ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...

New

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...

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Director Model Risk Governance information

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$54K

$143.2K

$260K

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

As of Sep 11, 2026, the average yearly pay for director model risk governance in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 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.

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Director Model Risk Governance jobs near you
Infographic showing various Director Model Risk Governance job openings in the United States as of September 2026, with employment types broken down into 2% As Needed, 83% Full Time, 13% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

AVP Operational & Model Risk

West Des Moines, IA • On-site

Athene Holding Ltd.
See more jobs at Athene Holding Ltd.external

Full-time

Re-posted 28 days ago

Job description

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.
Purpose:
The AVP Operational and Model Risk plays a critical leadership role in advancing Athene's Operational and Model Risk Management frameworks. This role is responsible for driving consistent, high-quality execution of risk practices across the organization while partnering closely with business and functional leaders to strengthen risk identification, governance, and decision-making.
As part of Athene's broader risk organization, and backed by the scale and capabilities of Apollo, this role offers the opportunity to influence risk strategy across a complex, fast-growing platform. The ideal candidate brings a balance of technical risk expertise, leadership capability, and a proactive mindset to continuously enhance risk frameworks and drive meaningful business impact.
Accountabilities:
  • Lead the execution and continuous enhancement of Operational and Model Risk Management frameworks, ensuring consistent application across business units and alignment with risk appetite and regulatory expectations
  • Oversee operational risk assessments, incident and issue management, and risk monitoring activities, identifying key themes, emerging risks, and opportunities for improved controls and mitigation
  • Drive model risk governance processes, including oversight of model inventory, validation activities, and lifecycle management, ensuring robust documentation, transparency, and audit readiness
  • Partner with business leaders, actuarial, and functional stakeholders to provide effective challenge, support risk-informed decision-making, and ensure strong adoption of risk practices
  • Lead the development of clear, decision-useful reporting and insights for senior leadership and risk governance forums, including committees and regulatory engagements
  • Drive improvements to risk systems, tools, and processes, including the adoption of technology and AI-enabled capabilities to enhance efficiency, scalability, and transparency
  • Lead, develop, and coach a high-performing team, fostering a strong risk culture, accountability, and continuous learning across the function
  • Serve on the cross-functional AI forums, providing an Operational Risk perspective on the evaluation, adoption, and governance of AI and machine learning tools.

Qualifications and Experience:
  • 8+ years of relevant experience in operational risk, model risk, or related disciplines within financial services or insurance, including direct or indirect people leadership experience, preferred
  • Strong knowledge of operational and model risk frameworks, including risk assessment, incident management, and model lifecycle governance
  • Proven ability to influence stakeholders and provide effective challenge in a complex, cross-functional environment
  • Experience driving process improvements, governance enhancements, or risk framework maturity initiatives
  • Bachelor's degree in Business, Finance, Risk Management, or related field; advanced degree preferred

Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene.
Athene is a Military Friendly Employer! Learn more about how we support our Veterans.
Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

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