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Director Model Risk Governance Jobs (NOW HIRING)

... Risk Technology organization ... This role will focus on model governance, model inventory oversight, independent model validation ...

AI Governance & Emerging Technology * Test, evaluate, and independently review AI-enabled tools ... Well-organized and self-directed, with intellectual curiosity and a proactive, collaborative ...

AI Governance & Emerging Technology * Test, evaluate, and independently review AI-enabled tools ... Well-organized and self-directed, with intellectual curiosity and a proactive, collaborative ...

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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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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.

Model Risk Management

Chicago, IL • On-site

Apex Systems
IT Services • 1 - 5K employees

Other

Medical, Dental, Vision, Life, Retirement

Posted 11 days ago


Job description

Role Overview

Candidates local to NYC are preferred that can go into the office. We are seeking an experienced Manager, Model Risk Management to support a large global bank's Risk Technology organization. This role will focus on model governance, model inventory oversight, independent model validation, ongoing performance monitoring, and regulatory compliance. The ideal candidate will possess a strong understanding of Model Risk Management frameworks and regulatory expectations, with the ability to influence stakeholders across Risk, Technology, Compliance, and Business teams.

Key Responsibilities
  • Maintain and oversee the enterprise model inventory, including model classification, ownership, lifecycle management, and governance compliance.
  • Lead oversight of independent model validation activities, ensuring models are appropriately tested, challenged, documented, and approved prior to implementation.
  • Monitor model performance, validation findings, and control issues, driving remediation efforts through timely resolution and escalation where appropriate.
  • Assess and oversee third‑party and vendor‑provided models, including review of vendor methodologies, documentation, assumptions, controls, and validation evidence.
  • Support model risk tiering activities and risk‑based governance decisions, ensuring controls are commensurate with model complexity, materiality, and risk exposure.
  • Partner with model owners, validators, risk managers, and business stakeholders to strengthen model governance and maintain compliance with internal policies and regulatory requirements.
  • Produce clear and concise governance documentation, reporting, and presentations for senior management, risk committees, audit, and regulatory review.
Required Qualifications
  • 7+ years of experience in Model Risk Management, Model Governance, Model Validation, Quantitative Risk, or Enterprise Risk Management within banking or financial services.
  • Strong knowledge of Model Risk Management regulatory guidance, including SR11‑7, SR26‑2, and related supervisory expectations.
  • Hands‑on experience with model inventory management, model governance, validation oversight, performance monitoring, and model risk assessments.
  • Experience reviewing and challenging model documentation, validation reports, remediation plans, and vendor model submissions.
  • Strong understanding of model lifecycle governance and risk‑based control frameworks.
  • Proven ability to manage and influence stakeholders across multiple functional areas.
  • Excellent analytical, documentation, communication, and presentation skills.
Preferred Qualifications
  • Experience supporting a large global banking institution.
  • Exposure to regulatory exams, Internal Audit, or enterprise risk governance functions.
  • Experience overseeing third‑party or vendor model governance programs.
  • Background supporting risk, finance, treasury, AML, market risk, credit risk, or operational risk models.
Company Overview

Everforth Apex is a world‑class IT services company that serves thousands of clients across the globe. When you join Everforth Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRateds Best of Staffing® in Talent Satisfaction in the United States and Great Place to Work® in the United Kingdom and Mexico.

Benefits Overview
  • We offer a range of supplemental benefits, including medical, dental, vision, life, disability, and other insurance plans that offer an optional layer of financial protection.
  • We offer an ESPP (employee stock purchase program) and a 401(k) program which allows you to contribute typically within 30 days of starting, with a company match after 12 months of tenure.
  • Everforth Apex also offers a HSA (Health Savings Account on the HDHP plan), a SupportLinc Employee Assistance Program (EAP) with up to 8 free counseling sessions, a corporate discount savings program and other discounts.
  • In terms of professional development, Everforth Apex hosts an on‑demand training program, provides access to certification prep and a library of technical and leadership courses/books/seminars once you have 6+ months of tenure, and certification discounts and other perks to associations that include CompTIA and IIBA.
Equal Opportunity Statement

Everforth Apex Systems is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. Everforth Apex will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law.

If you require an accommodation under the Americans with Disabilities Act to participate in an interview with a virtual recruiter or to use our website for a search or application, please contact our Benefits Department at accommodations@apexsystems.com or 804‑523‑8228. Please note that this contact information is strictly to be used for medical ADA accommodations and that no other inquiries will be answered.

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