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Entry Level Model Risk Governance Jobs in Washington, DC

Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with ...

This model process include very high model risk. * Candidate must have quantitative background to ... They will be working with governance for 2nd line. * All reports would be in word document, it will ...

Sr. Risk Specialist

Mclean, VA

$99K/yr

... models and usages in an open, collaborative environment where new ideas and solutions are both ... Governance, Compliance, or Risk Management * Experience with Google Sheet and Excel formulas

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Entry Level Model Risk Governance information

See Washington, DC salary details

$11

$51

$161

How much do entry level model risk governance jobs pay per hour?

As of Jun 19, 2026, the average hourly pay for entry level model risk governance in Washington, DC is $51.78, according to ZipRecruiter salary data. Most workers in this role earn between $16.88 and $81.68 per hour, depending on experience, location, and employer.
What are the most commonly searched types of Model Risk Governance jobs in Washington, DC? The most popular types of Model Risk Governance jobs in Washington, DC are:
Risk Officer

Other

Posted 14 days ago


Job description

The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world's greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 130 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative changes around the globe. For more information, visit www.worldbank.org.

VPU Context

The WBG Chief Risk Officer Vice Presidency (CROVP) is the core unit responsible for Group-wide institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management. Its mission is to enable and support the WBG to achieve its goals in a financially sustainable manner. The VPU assists management with identifying and managing Group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital.  The WBG CRO Vice Presidency includes the IBRD/IDA, IFC, and MIGA risk teams and covers a wide range of financial and non-financial risks.
CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. 

Duties and Accountabilities:

Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with stakeholders on appropriate remediation actions and follow-up plans.
Independently build, maintain, and enhance independent benchmark quantitative models using Python programming language, across areas such as economic capital, financial statement forecasting, credit risk, market risk and non-financial risk, supported by robust analytical data infrastructure, automated quality controls, and structured data storage to enable efficient, reproducible, and well-governed model development and validation.
Ensure the CROMR model analytics library remains robust, well tested, well documented, and current, with benchmark models maintained for on-demand execution and effective support of independent model validation and challenge.
Build and maintain good working relationships with model development/owners' teams to support the establishment, communication, and consistent application of model validation & governance standards.
Support model governance activities for models within the inventory, including assigning independent model risk ratings, monitoring validation status, assessing compliance with the framework requirements.
Contribute to strengthening awareness and understanding of the model governance environment across the World Bank Group through collaboration, communication, and engagement with relevant stakeholders.
Build and maintain external professional relationships and industry contacts to stay abreast of emerging practices and developments in model risk management and quantitative modelling.