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Director Model Risk Governance Jobs (NOW HIRING)

Mercury

Senior Model Risk Manager - AI/ML

The Senior Model Risk Manager - AI/ML will define model governance for AI/ML, overseeing validation and monitoring of models while engaging in industry-wide discussions on evolving model risk ...

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

This role supports model lifecycle and risk governance through domain aware context engineering. Key Responsibilities * Design and optimize prompting and contextual structures to shape model behavior.

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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 Jun 20, 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.
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What cities are hiring for Director Model Risk Governance jobs? Cities with the most Director Model Risk Governance job openings:
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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 June 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, 1% Temporary, and 1% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Associate Director - Model Risk

Associate Director - Model Risk

Royal Bank of Canada

Jersey City, NJ • On-site

$120K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

Job description

Job Description
What is the Opportunity?
The US Enterprise Model Risk Management (EMRM) under RBC's Group Risk Management (GRM) mainly performs the second line of defense role for RBC's Combined US Operation (CUSO) model risk at the enterprise level.
As Associate Director of US EMRM, the person will work closely with model stakeholders to independently validate various mathematical/statistical models used by RBC, especially for US products and CCAR purpose, The person will also act as an effective challenger to model developers and users on all matters pertaining to risk modeling requirements.
The validation scope of this role includes various US securitized products, such as Agency RMBS, Non-Agency RMBS, CMBS, ABS, and CLO, and Whole Loans. Related models include prepayment and default, credit rating, pricing, risk calculation, and Value at Risk (VaR).
What will you do?
  • Perform full model validation, including employing various quantitative and qualitative techniques to review, test, replicate, challenge, benchmark and assess model risk.
  • Perform ongoing model reviews per RBC's Enterprise Model Risk Management policy, such as periodic Annual Assessment review, finding remediation, Ad-hoc model update, and system release.
  • Compile comprehensive reports summarizing key observations, conclusions, and recommendations in support of various model review results.
  • Coordinate with model stake holders, like modelers, market risk, IT, and other related function group personnel, to pro-actively identify, assess, monitor, and manage model risk and resolve related model issues.

What do you need to succeed?
  • At minimum master's degree in financial, Mathematics, Statistics, Engineering, Computer science or equivalent and 2-5 yrs related work experience.
  • Good knowledge of credit rating, statistical skills, and market risk background. Broad product knowledge across securitized products and US fixed income area.
  • Be familiar with U.S. securitized product origination process and secondar trading market, particularly for Agency MBS, Whole Loan, Mortgage Servicing Right, etc. and related prepayment and default model, credit rating, and pricing models.
  • Above average oral and written presentation skills.
  • Good communication and interpersonal skills - ability to present clearly complicated modelling concepts and techniques to senior management and regulators.
  • Good negotiating skills with modelers, internal auditors, and regulators.

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.

The expected salary range for this particular position is $120,000-$200,000 (New Jersey), depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

#LI - POST
Job Skills
Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management
Additional Job Details
Address:
GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY
City:
Jersey City
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-05-04
Application Deadline:
2026-07-04
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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