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Director Model Risk Management Jobs (NOW HIRING)

Apex Systems

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 ...

EagleBank

Model Risk Management Officer

Bethesda, MD · Hybrid

$152K - $261K/yr

Responsibilities The Model Risk Management Officer is the Bank's second-line expert for model risk and quantitative financial risk analytics, administering model inventory, risk assessments ...

EagleBank

Model Risk Management Officer

Bethesda, MD · On-site

$152K - $261K/yr

Responsibilities The Model Risk Management Officer is the Bank's second-line expert for model risk and quantitative financial risk analytics, administering model inventory, risk assessments ...

Career Site

Model Risk Management Analyst

Fargo, ND

Model Risk Management * Collaborate with stakeholders, including model developers and business owners, to ensure models adhere to best practices, governance standards, and regulatory requirements.

Bell Bank

Model Risk Management Analyst

Fargo, ND · On-site

Model Risk Management * Collaborate with stakeholders, including model developers and business owners, to ensure models adhere to best practices, governance standards, and regulatory requirements.

MidAtlantic Farm Credit Inc.

Principal, Model Risk Management (Hybrid - Columbia, SC) The Principal, Model Risk Management serves as the Bank's primary subject matter expert and advisor for Model Risk Management and is ...

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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 Sep 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 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.

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Director Model Risk Management jobs near you

Director Model Risk Management

West Des Moines, IA • On-site

Athene
Finance and Insurance • 1 - 5K employees
Learn more about Atheneexternal

Full-time

Re-posted 3 days ago

Athene rating

7.1

Company rating: 7.1 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

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 Director of Athene Model Risk supports the oversight of model risk across Athene, reporting to the VP Operational Risk & Change Management. In this role, they will contribute to the model risk management working group and support reporting to the Operational Risk Committee, Management Risk Committee, and Board Risk Committee. This role will partner with business units to achieve and sustain compliance with the Athene Model Risk Management Policy. Where independent model validation is required, they will either perform validations directly or oversee validation work conducted by other independent parties. This role covers a broad scope of models used across the organization, including but not limited to liability, investment, deal, pricing, financial planning, and derivative models. This role will assess models, evaluating their application and interconnectedness, conducting necessary testing, and issuing findings while proposing practical solutions to identified issues.

Accountabilities:

  • Oversee adherence to the Athene Model Risk Management Policy and relevant regulatory requirements, ensuring compliance and supporting reporting to management on the state of model risk across Athene
  • Facilitate the Model Risk Management working group, including scheduling meetings, setting agendas, coordinating cross-functional input, and tracking action items to closure
  • Build and maintain key relationships across the business to foster model risk awareness and a strong risk culture, with functions across the organization including Actuarial, Finance, Risk, Tax, Treasury, Derivatives, and Internal and External Audit
  • Build and maintain ongoing engagement with the business to identify new models or significant model changes and maintain the accuracy and completeness of model inventory within the Model Risk Management system
  • Actively manage the model inventory within the model risk management system
  • Provide oversight of independent validations conducted by internal or external subject matter experts, or perform independent validations in certain cases
  • Serve as an effective challenger to first-line model owners and developers
  • Oversee reporting on model risk to internal stakeholders (e.g., the Model Risk Management working group and the Operational Risk Committee) and, where applicable, external stakeholders such as regulators and auditors.


Qualifications and Experience:

  • 8+ years of relevant experience developing or validating insurance actuarial, financial, or risk management models, including 4+ years of direct or indirect (formal or informal) leadership experience; knowledge of complex investments and financial markets desired.
  • A bachelor's or higher degree in Actuarial Science, Quantitative Finance, Risk Management, Finance, Economics, Statistics, Mathematics, or a related field required
  • An actuarial designation (e.g., FSA, ASA) or CFA, PRM, FRM designation desired
  • Self-driven individual contributor with experience partnering with the business to execute validations under tight deadlines
  • Fast learner with strong analytical and technical skills with sound judgment and attention to detail
  • Excellent communication skills, with the ability to build and maintain strong working relationships across the organization
  • Experience with US Statutory and US GAAP accounting and reporting beneficial

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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