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Director Model Risk Management Jobs (NOW HIRING)

Sallie Mae

Senior Director, Model Risk

Newark, DE · On-site

Collaborate with key stakeholders, including senior management, model owners, and regulators, to communicate model risk management activities and findings effectively. * Establish and enforce ...

Sallie_mae

Senior Director, Model Risk

Newark, DE · On-site

Collaborate with key stakeholders, including senior management, model owners, and regulators, to communicate model risk management activities and findings effectively. * Establish and enforce ...

Sallie_mae

Senior Director, Model Risk

Sterling, VA · On-site

Collaborate with key stakeholders, including senior management, model owners, and regulators, to communicate model risk management activities and findings effectively. * Establish and enforce ...

TAB Bank

Model Risk Management Analyst

Ogden, UT

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner ...

Associatedbank

Model Risk Manager

Green Bay, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

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Director Model Risk Management information

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$54K

$143.2K

$260K

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

As of Jul 14, 2026, the average yearly pay for director model risk management 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 highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Director of Model Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications, and strong leadership skills, and they typically oversee enterprise-wide risk strategies and compliance efforts.

What does a director of risk management do?

A director of risk management oversees an organization's strategies to identify, assess, and mitigate financial, operational, and compliance risks. They develop policies, lead risk assessment teams, and ensure risk management practices align with regulatory requirements, often using tools like risk management software. Strong leadership, analytical skills, and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $120,000 to $200,000 annually, depending on the industry, location, and experience. They often oversee risk assessment teams, develop risk mitigation strategies, and may hold certifications such as FRM or CRM. Compensation can also include bonuses and benefits aligned with organizational size and complexity.

What is the difference between Director Model Risk Management vs Model Validation Manager?

AspectDirector Model Risk ManagementModel Validation Manager
CredentialsAdvanced degrees (e.g., Master’s, PhD), certifications like FRM or CFASimilar credentials, often with FRM or CFA
Work EnvironmentStrategic oversight, cross-department collaboration, senior leadershipTechnical validation, model testing, detailed analysis
Industry UsageUsed in banking, finance, risk management departmentsCommon in model development and validation teams
Search/Comparison IntentUnderstanding leadership roles in risk managementFocus on technical validation and model testing

The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking industries that involves identifying, assessing, and mitigating risks associated with mathematical and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.
What cities are hiring for Director Model Risk Management jobs? Cities with the most Director Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Director Model Risk Management jobs? States with the most job openings for Director Model Risk Management jobs include:
Director Model Risk Management jobs near you
Actuary & Director, Model Risk Management

Actuary & Director, Model Risk Management

Pacific Life Insurance Company

Newport Beach, CA • On-site

$203K - $249K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 hours ago

Pacific Life rating

6.8

Company rating: 6.8 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

245th of 281 rated insurance

Job description

Job Description:
Pacific Life is seeking an Actuary & Director, Model Risk Management to join our team. This role is on-site 4 days per week and work from home 1 day per week in Newport Beach, CA, Omaha, NE, or Charlotte, NC. If you are not currently located near one of our offices, we offer comprehensive relocation assistance.
This role is a strong fit for a senior life actuary who enjoys technical depth, independent challenge, and practical business impact. You will lead second-line model risk oversight for Life insurance models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose.
This role will report directly to the VP of Model Risk Management and offers broad visibility across Pacific Life's products and functions.
How you will make an impact:
  • Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.
  • Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
  • Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.
  • Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life's model risk framework and practices.
  • Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.

The experience you bring:
  • 8+ years of actuarial experience with an FSA designation.
  • Deep experience in Life products, in areas of actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.
  • Ability to challenge technical work constructively and influence senior leaders and technical teams.
  • Experience reviewing, validating, developing, or testing complex actuarial models.
  • Strong communication skills, including the ability to explain complex modeling issues in clear business language.
  • Strong project leadership, judgment, and stakeholder management skills.

What makes you stand out:
  • Experience with Prophet.
  • Familiarity in emerging AI tools and advanced analytics.
  • Experience building validation / replication / challenger models.

Salary Ranges per Location:
  • Newport Beach, CA: $203,760 - $249,040
  • Omaha, NE: $175,950 - $215,050
  • Charlotte, NC: $185,220 - $226,380

Base Pay Range:
The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$203,760.00 - $249,040.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
  • Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
  • Paid Parental Leave as well as an Adoption Assistance Program
  • Competitive 401k savings plan with company match and an additional contribution regardless of participation

You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.
What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife
EEO Statement:
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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About Pacific Life

Sourced by ZipRecruiter

When you purchase life insurance and retirement solutions, you're buying a promise. A promise that today, tomorrow or ten years from now, we'll be there. For more than 150 years, our clients have trusted Pacific Life to protect what matters most to them - their families, their businesses, their futures.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Newport Beach, CA, US

Year founded

1868

Social media

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