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Director Model Risk Governance Jobs (NOW HIRING)

Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with ...

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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 Jul 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 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 cities are hiring for Director Model Risk Governance jobs? Cities with the most Director Model Risk Governance job openings:
What are the most commonly searched types of Model Risk Governance jobs? The most popular types of Model Risk Governance jobs are:
What states have the most Director Model Risk Governance jobs? States with the most job openings for Director Model Risk Governance jobs include:
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Infographic showing various Director Model Risk Governance job openings in the United States as of July 2026, with employment types broken down into 87% Full Time, 8% Part Time, and 5% Contract. Highlights an 82% In-person, 3% Hybrid, and 15% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

Vice President - Model Risk Management

Tradeweb Markets LLC

Manhattan, NY • On-site

Other

Medical, Dental, Vision, Retirement, PTO

Posted 15 days ago


Job description

Tradeweb is a global leader in electronic trading across asset classes. As financial markets become increasingly interconnected, our technology enables efficient, multi-asset trading on a global scale. We serve more than 3,000 clients in more than 85 countries, including many of the world?s largest banks, asset managers, hedge funds, insurers, corporations, and wealth managers.

Creative collaboration and sharp client focus have helped fuel our organic growth. We facilitated average daily trading volume (ADV) of more than $2.8 trillion over the past four fiscal quarters, topping $3.3 trillion in ADV for the first quarter of 2026.

Since our IPO in 2019, Tradeweb has completed four acquisitions and doubled our revenues ? and 2025 was our 26th consecutive year of record revenues.

Tradeweb plays a central role in modernizing market structure by developing innovative trading protocols, embedding analytics into execution, and building technology infrastructure that supports the convergence of traditional and digitally native financial markets. Tradeweb is a great place to work, recognized in 2025 by Forbes as one of America?s Best Companies and by U.S. News & World Report as one of the Best Financial Services Companies to Work For.

Tradeweb Markets LLC ("Tradeweb") is proud to be an EEO Minorities/Females/Protected Veterans/Disabled/Affirmative Action Employer.

Group Details

Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk, the successful candidate will help manage day-to-day governance activities for models, calculation engines, pricing logic, analytics and related technology changes that may impact external-facing customer pricing or trading workflow outputs.

This role will work closely with Development, Product, Technology, Quantitative Analytics, Risk and other internal stakeholders. The individual will help ensure proposed changes are reviewed through the appropriate governance process, supported by clear documentation and testing evidence, and remain within the defined parameters of Tradeweb's model risk governance program.

The role is well suited to a candidate with practical quantitative and technology fluency, strong governance discipline and the ability to work directly with technical teams to understand calculation logic, ask informed questions, review testing evidence and escalate control concerns. The successful candidate should be comfortable translating technical issues into clear risk and control considerations for Financial Risk management and governance forums.

Job Responsibilities

  • Support the day-to-day operation of Tradeweb's model risk governance and model management framework.
  • Maintain model governance records, including model inventory information, risk classifications, review status, documentation, approvals, open issues and remediation actions.
  • Work with Development and Product teams to understand new or amended calculation engines, pricing logic, analytics, data inputs, assumptions, dependencies and customer-facing impacts.
  • Help ensure model and calculation engine changes follow established governance standards for documentation, review, testing, approval, implementation and ongoing monitoring.
  • Review validation and testing evidence at an appropriate level, including the reasonableness of test approach, coverage of key scenarios, evidence quality and traceability to the proposed change.
  • Challenge model owners, developers and product teams where documentation, testing or governance evidence is incomplete, unclear or inconsistent with required standards.
  • Perform high-level review of implementation logic, code or configuration summaries, data flows and controls to assess whether proposed changes are consistent with approved requirements.
  • Escalate material issues, control gaps or delays to the Head of Financial Risk and relevant governance forums.
  • Prepare concise reporting on model inventory status, review activity, open findings, remediation progress and emerging model governance themes.
  • Support governance review of AI, machine learning, generative AI or agentic workflow use cases where applicable, with focus on use case purpose, controls, oversight, documentation and monitoring.

Qualifications

  • BA/BS degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, Information Systems, Business or a related discipline.
  • 4-7 years of relevant experience in model governance, model validation, risk management, technology risk, product control, software delivery oversight, data analytics, financial technology or a related financial services role.
  • Quantitative aptitude with the ability to understand calculation logic, assumptions, inputs, outputs, limitations and testing results at a practical review level.
  • Technology fluency, including comfort discussing systems, data flows, development processes and code or configuration changes with technical teams.
  • Experience working with developers, product owners, technology teams or business stakeholders to support controlled change delivery.
  • Ability to review documentation and testing evidence, identify gaps, ask informed questions and escalate issues appropriately.
  • Strong organizational, written and verbal communication skills, with the ability to manage multiple reviews and summarize technical topics for risk management and business stakeholders.
  • Strong attention to detail, sound judgment and ability to challenge constructively while maintaining effective working relationships.
  • Financial services, fintech, trading, market data, risk management or regulated technology environment experience.

Desired Skills

  • Exposure to pricing, valuation, trading analytics, fixed income products, market data, electronic trading or customer-facing financial technology outputs.
  • Prior involvement with model inventories, governance committees, change management forums, release governance, audit remediation or internal control programs.
  • Experience with technology infrastructure, software development lifecycle controls, data lineage, production support or application control processes.
  • Exposure to AI, machine learning, large language models, generative AI or agentic workflows from a governance, controls, risk or technology perspective.
  • Ability to read code or query data at a basic to intermediate level; experience with tools such as Python, SQL, Tableau, Power BI, Jira, Confluence or similar platforms is helpful but not required.
  • Experience preparing dashboards, metrics, management reporting, workflow documentation or process improvement materials.

Additional Information

Tradeweb is committed to providing valuable and competitive benefits. In addition to working in our culture of innovation and collaboration, we offer:

  • Health Insurance: Highly competitive medical, dental, and vision programs
  • Hybrid Environment: Our employees have the flexibility of working in the office and from home.
  • Health Care and Dependent Care Flexible Spending Accounts: You may elect to set aside pre-tax earnings to pay for eligible health care and dependent day care expenses for you and your eligible family members.
  • Maven Family Building Benefit: Maven offers support for fertility and preconception; pregnancy and post-partum; adoption; surrogacy and pediatrics for children up to age 10. Tradeweb provide a $10,000 lifetime reimbursement towards fertility, egg freezing, adoption and surrogacy expenses.
  • Building Wealth - 401(k) Savings Plan: Employees are immediately eligible for the 401(k) plan. Participants may contribute up to 75% of eligible compensation into a traditional 401(k) and/or Roth 401(k). Tradeweb will match 100% of the first 4% of compensation that you contribute.
  • The current pay range for this role if performed in the city of New York is currently $ 150,000 to $175,00 per year, based on a regular, full-time schedule. The amount of pay offered will be determined by a number of factors, including but not limited to qualifications, market data, geographic location, and internal guidelines.

Other Benefit Programs

  • Pre-Tax Commuter Benefits Program
  • ARAG Legal Services
  • Employee Assistance Program
  • Tuition Reimbursement
  • Financial Wellness Tools
  • Travel Assistance Benefits
  • Pet Insurance
  • Corporate Gym Subsidies
  • Wellness Perks
  • Paid Time Off and Parental Leave