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Director Model Risk Management Jobs in Massachusetts

AIG

Associate Actuary - Risk Management

Boston, MA · On-site

$115K - $145K/yr

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage ... Build benchmark reserving models and design statistical tests to review and challenge reserving ...

Epitec

Compliance Risk Analyst

Framingham, MA · On-site

$44/hr

Maintain inventories of AI systems, models, datasets, and third-party AI tools, including risk ... Required Qualifications: * 5 - 8 years of governance or risk management type experience * 1 - 2 ...

Fred C. Church

Team Leader, Risk Management

Lowell, MA · On-site

The Team Leader, Risk Management (TLRM) works with the Commercial Lines teams to assist our larger ... Direct experience is preferred with one or more of the following verticals and all lines of ...

State Street Global Advisors

Quantitative Risk

Boston, MA · Hybrid

$104K - $180K/yr

This role will be part of the CMAO team focused on delivering modeling and analytics solutions to assess counterparty credit risk and market risk managed by State Street Global Markets ("SSGM"). The ...

State Street Corporation

Quantitative Risk

Boston, MA · On-site

$104K - $180K/yr

This role will be part of the CMAO team focused on delivering modeling and analytics solutions to assess counterparty credit risk and market risk managed by State Street Global Markets ("SSGM"). The ...

Flywire

Director, Fraud Risk

Boston, MA · On-site

Incident Management & Response: Architect a robust, real-time fraud monitoring and response program ... You can speak the language of feature engineering and model performance (Precision/Recall) to drive ...

Flywire

Director, Fraud Risk

Boston, MA · On-site

Incident Management & Response: Architect a robust, real-time fraud monitoring and response program ... You can speak the language of feature engineering and model performance (Precision/Recall) to drive ...

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Director Model Risk Management information

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 are the most commonly searched types of Model Risk Management jobs in Massachusetts? The most popular types of Model Risk Management jobs in Massachusetts are:
What cities in Massachusetts are hiring for Director Model Risk Management jobs? Cities in Massachusetts with the most Director Model Risk Management job openings:
Director Model Risk Management jobs near you
Director, Risk Management - Data Center & Enterprise Services

Director, Risk Management - Data Center & Enterprise Services

Turner Construction

Boston, MA • On-site

Full-time

Re-posted 29 days ago

Turner Construction rating

7.4

Company rating: 7.4 out of 10

Based on 67 frontline employees who took The Breakroom Quiz

34th of 79 rated construction

Job description

Division:
Headquarters
Project Location(s):
New York, NY 10001 USA
Minimum Years Experience:
10
Travel Involved:
Job Type:
Regular
Job Classification:
Experienced
Education:
Bachelors Degree
Job Family:
Insurance and Claims
Compensation:
Salaried Exempt
This position can be performed from any of the company's U.S. offices.
Position Description:
Oversee, lead, and direct insurance placements for internal stakeholders regarding data center projects and enterprise services markets
Essential Duties & Key Responsibilities:
• Lead strategy of insurance coverages and program development for Data Centers projects and Enterprise Services groups.
• Analyze, review, and approve quotes for insurance placements within approval authority; present analysis and make recommendations to leadership for placements outside approval authority.
• Develop, recommend, and manage coverage needs and proactively assess impact of evolving company business needs on coverage, market conditions, and program renewals.
• Foster relationships and build partnerships with insurance brokers and carriers.
• Lead business discussion to understand business models and unique project needs for new business ventures and unique projects; evaluate existing insurance programs for applicability for identified risks.
• Create risk register to understand impact on profitability and work with insurance partners to mitigate, manage, and/or transfer risk.
• Participate in all broker and client stewardship meetings.
• Authority to bind insurance coverage independently and within approved authority for company.
• Liaise with key stakeholders to assess evolving business ventures, ensuring alignment between potential risks and appropriate insurance coverage.
• Serve as subject matter expert on technical insurance programs and serve as escalation contact for questions.
• Contribute technical content for insurance training materials.
• Participate in industry events, represent company and set standards as industry leader.
• Other activities, duties, and responsibilities as assigned.
  • Qualifications:
    • Bachelor's degree in Insurance, Risk Management, Finance, Business Administration or similar program; and a minimum of 10 years of experience in insurance or risk management or claims with emphasis on construction; or equivalent combination of education, training and/or experience.
    • Broker, Insurance Consultant, or Public Adjuster license required, and/or valid JD with law license, required
    • Risk management CPCU, ARM or similar insurance designation, preferred
    • Construction industry risk management experience, desired
    • Firm understanding of contracts and insurance documents
    • Align complex business needs with insurance market trends
    • Demonstrate executive level negotiation and influencing skills
    • Build engaging partnerships with team and organizational stakeholders through trust, teamwork and direct communication
    • Advanced executive level presentation skills, anticipate needs of technical and non-technical audiences and tailor communications appropriately
    • Advanced project leadership skills, able to manage concurrent complex projects and tasks successfully to completion
    • Critical organizational analysis skills with high analytical problem-solving skills
    • Advanced at processing and breaking down data into actionable information and presenting solutions
    • Leader with organizational management skills, capable of directing, managing, and developing regional teams
    • Proficient computer skills, Microsoft suite of applications, MS Outlook, and insurance-based risk management information systems
    • Regular travel; travel modes include air, train, vehicle, and international travel as needed
    Physical Demands:
    The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle, or feel objects, tools, or controls; and reach with hands, talk, and hear. The employee frequently views a computer monitor and frequently uses a computer keyboard. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, and the ability to adjust focus. The employee is regularly required to be mobile and the employee regularly travels both short and long distances via a variety of conveyances. The employee occasionally performs work on-site at construction work sites, office locations, and/or off-site venues. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
    Work Environment:
    The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee regularly works in an office or remote setting. The noise in the work environment is usually quiet to moderate in an office setting. While performing the duties of this job, the employee may occasionally work at construction work sites where the employee is exposed to moving mechanical parts, high precarious places, fumes or airborne particles, outside weather conditions, and risk of electrical shock. The noise in the construction work environment is usually moderate to loud. The employee is required to work in compliance with company safety policies, procedures, and applicable laws.
    Turner is an Equal Opportunity Employer
    Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity
    VEVRAA Federal Contractor
    The salary range for NYC and NJ candidates for this position is estimated to be $166,000 - 247,000

Turner is an Equal Opportunity Employer -minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity.
VEVRAA Federal Contractor

What Turner Construction employees say

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About Turner Construction

Sourced by ZipRecruiter

Turner Construction, headquartered in New York, NY, US, is a recognized leader in the construction industry. It was established in 1902 and has since curved its niche as one of the most reputable construction firms. Turner Construction provides a broad range of services like general contracting, construction management, design-build, and consulting. Devoted to environment-friendly building practices, it is considered a pioneer in green building and sustainability efforts. Their top-tier projects include Madison Square Garden, Yankee Stadium, and the United Nations Secretariat Building in New York City. The company's mission is to deliver an exceptional product by relentless commitment to their core principles – teamwork, integrity, commitment, and community.

Industry

Construction

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1902

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