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Director Model Risk Management Jobs in Dallas, TX

Model financial impact of insurance structures, including risk retention and captive utilization ... Direct experience with captive insurance, re-insurance, and financial acumen in underwriting ...

Model financial impact of insurance structures, including risk retention and captive utilization ... Direct experience with captive insurance, re-insurance, and financial acumen in underwriting ...

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Director Model Risk Management information

See Dallas, TX salary details

$53.4K

$141.6K

$257.2K

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

As of Jul 5, 2026, the average yearly pay for director model risk management in Dallas, TX is $141,643.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,400.00 and $165,700.00 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 are the most commonly searched types of Model Risk Management jobs in Dallas, TX? The most popular types of Model Risk Management jobs in Dallas, TX are:
What cities near Dallas, TX are hiring for Director Model Risk Management jobs? Cities near Dallas, TX with the most Director Model Risk Management job openings:
Infographic showing various Director Model Risk Management job openings in Dallas, TX as of June 2026, with employment types broken down into 100% Full Time. Highlights an 92% In-person, and 8% Remote job distribution, with an average salary of $141,643 per year, or $68.1 per hour.

Risk Appetite, Strategic and Reputation Risk Manager

Busey

Dallas, TX

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 hours ago


Job description

Position Summary

The Risk Appetite, Strategic, and Reputation Risk Manager supports First Busey Corporation's management team and Board of Directors in the timely identification of Top and Emerging Risks, providing leadership with actionable reporting enabling management to proactively identify and manage risk. In this position, you will cultivate positive working relationships with management and the Board of Directors, providing thought leadership on emerging trends and industry best practices. Additionally, this role serves as the subject matter expert on Strategic and Reputation Risk, partnering with the Director of Financial and Model Risk to provide Risk Management's perspective on the Company's Strategic Priorities. This position plays a pivotal role in the maturation of the Company's Risk Management posture, providing you with exposure to the Company's leadership team and the opportunity to further your career in a growing financial institution.Duties & Responsibilities
  • Manages the Company's Risk Appetite Framework, developing a comprehensive repository of Key Risk Indicators (KRIs), Key Performance Indicators (KPI), Early Warning Indicators (EWI), etc. and maintaining an aggregation methodology aligned with regulatory expectations and industry best practices
  • Drives the development and provides thought leadership on the Company's risk appetite statement and risk reporting for the Company's top and emerging risks and advising leaders on risk mitigation strategies, as necessary, related to breached metrics to manage increasing risk exposures or risk exposures outside of the Company's appetite
  • Leads the collection, analysis, and reporting of risk data to senior management, committees, the Board, and external stakeholders, including escalating emerging risks and metric breaches as required
  • Collaborates with Enterprise Risk Management to drive reporting synergies, including identifying correlations and dependencies in disparate data enabling management to proactively manage risk
  • Contributes to the Company's Capital Stress Testing Program, synthesizing Top and Emerging Risks and providing Pro Forma risk appetite reporting to inform leadership's decisioning
  • Manage the Company's Strategic and Reputation Risk framework, including managing the Company's corresponding risk policies, spearheading SLOD effective challenge of the Company's strategic priorities, and partnering with management to develop the Strategic and Reputation Top and Emerging Risk assessment
  • Conducts independent research and participates in industry calls on top and emerging risks as well as strategic and reputation risk topics, staying informed about economic and industry trends and benchmarking for comparative analysis and context
  • Maintains the Company's metric application within Archer, ensuring the application supports the Company's framework as well as developing reporting standards and overseeing the timely reporting of metric results by stakeholders
  • Automates data extraction, report generation, and data analysis to reduce risks in reporting and enable management to better identify risk trends
Education & Experience

Education and Training:

  • Bachelor's degree in accounting, Finance, Economics (or equivalent) required; MBA or equivalent advanced degree preferred.
  • Ten years' experience (preferably) in risk management, auditing, accounting, or finance functions; Financial Services Industry experience required. Experience in quantitative analytics preferred; risk management certifications a plus.
  • Advanced knowledge of Microsoft Office Suite required; Statistical Programming (e.g., R, Python, etc.) and Business Intelligence (BI) tools experience preferred.
  • Analytical Skills - Brings high-level quantitative and analytical skills to effectively challenge First Line of Defense. Problem Solving Skills - Commits to action, even in uncertain situations, by making sound and timely decisions necessary to maintain forward progress.
  • Effective Communication - Communicates ideas and information verbally and in writing to ensure key points are clearly outlined and have the desired impact; creates high-quality presentations and reports that convey information clearly and concisely.
  • Process Management Orientation - Creates and maintains standardized, repeatable processes that are both efficient and effective; keeps an eye on continuous improvement opportunities and utilizes automation whenever possible.
  • Planning and Organizing - Developing, implementing, evaluating, and adjusting project plans to reach goals, while ensuring the optimal use of resources. A natural self-starter with persistence, initiative and a high-energy level work ethic.

Ability to:

  • Effective Collaborator - Builds rapport easily; effectively gains trust through demonstrated ability to bring value to processes by respectfully and thoughtfully challenging concepts and/or established norms.
  • Strategic Thinker - Focused on a holistic, futuristic perspective to enhance synergies in support of stated business performance objectives; can take theories and concepts and put them into practice
  • Synthesizes Data - Distills large quantities of data and information in a way that provides business leaders, management and board members with insights needed to make decisions; can connect data points to build and convey key messages and themes.

Compensation and Benefits

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $92,000 - $140,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit BuseyTotal Rewardsfor more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. VisitBusey.com/Careersto learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.