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Head Of Model Risk Management Jobs (NOW HIRING)

Provide independent model risk management and support for the VP of Model Risk as follows: Model Validation * Perform independent and comprehensive validation of bank-wide statistical/econometric ...

Provide independent model risk management and support for the VP of Model Risk as follows: Model Validation * Perform independent and comprehensive validation of bank-wide statistical/econometric ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework. * Drive effective model risk governance through oversight, monitoring, reporting ...

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Head Of Model Risk Management information

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$54K

$143.2K

$260K

How much do head of model risk management jobs pay per year?

As of Jul 19, 2026, the average yearly pay for head of 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 are the key skills and qualifications needed to thrive as a Head Of Model Risk Management, and why are they important?

To thrive as a Head Of Model Risk Management, you need deep quantitative expertise, advanced knowledge of risk management frameworks, and a strong background in finance or mathematics, often supported by advanced degrees such as a PhD or MSc. Familiarity with statistical software (like Python, R, or SAS), model validation tools, and regulatory compliance systems is typically required. Exceptional leadership, communication, and critical thinking skills are essential for effectively managing teams and presenting complex risk issues to stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and sound decision-making within financial institutions.

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

AspectHead Of Model Risk ManagementModel Validation Manager
Primary FocusOversees overall model risk framework, governance, and strategyConducts independent validation and testing of models
ResponsibilitiesRisk oversight, policy development, senior stakeholder communicationModel testing, performance assessment, validation reports
CredentialsAdvanced degrees, certifications like FRM, CFA, or CAMS, experience in risk managementQuantitative background, certifications like CFA, FRM, strong modeling expertise
Work EnvironmentStrategic, leadership role within risk management teamsTechnical, analytical role focused on model validation tasks

The Head Of Model Risk Management oversees the entire model risk framework, focusing on strategy and governance, while the Model Validation Manager specializes in testing and validating individual models. Both roles require strong quantitative skills and relevant certifications, but differ in scope and responsibilities.

What are the main challenges faced by a Head of Model Risk Management in maintaining regulatory compliance?

A Head of Model Risk Management often faces the challenge of keeping up with evolving regulatory expectations and ensuring that all models used within the organization are compliant. This involves constantly monitoring regulatory updates, coordinating with various departments to implement necessary changes, and maintaining detailed documentation for audit purposes. Additionally, the role requires balancing the need for innovation in modeling techniques with the necessity of robust risk controls and transparent validation processes. Regular communication with risk, compliance, and audit teams is essential to address these challenges effectively.

What does a Head of Model Risk Management do?

A Head of Model Risk Management oversees the processes and teams responsible for identifying, assessing, and mitigating risks associated with financial and predictive models used within an organization. This role involves establishing and maintaining model risk frameworks, ensuring regulatory compliance, and leading model validation activities. They also coordinate with other departments to ensure the effective management and governance of all models, providing guidance on best practices and emerging risks. Ultimately, their goal is to minimize model-related losses and support sound decision-making across the business.
More about Head Of Model Risk Management jobs
What cities are hiring for Head Of Model Risk Management jobs? Cities with the most Head Of Model Risk Management job openings:
What states have the most Head Of Model Risk Management jobs? States with the most job openings for Head Of Model Risk Management jobs include:
What job categories do people searching Head Of Model Risk Management jobs look for? The top searched job categories for Head Of Model Risk Management jobs are:
Infographic showing various Head Of Model Risk Management job openings in the United States as of July 2026, with employment types broken down into 89% Full Time, and 11% Part Time. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Model Risk & Validation Lead

Model Risk & Validation Lead

Guardian Life Insurance Company

New York, NY • On-site

$103K - $169K/yr

Full-time

Re-posted yesterday


Guardian Life rating

9.0

Company rating: 9.0 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

33rd of 281 rated insurance


Job description

The Model Risk & Validation Lead position is a crucial role on the Model Risk Management team, which is a new and expanding unit at Guardian. As such, this person will have the opportunity to contribute to the strategy and execution of this developing team.
The Model Risk Management team oversees a scope of products including but not limited to life, annuity, disability, group business, and funding agreements, with a focus on statutory and economic frameworks. Risks pertaining to the emerging and quickly evolving space of artificial intelligence will command specific attention, as well as those related to assumption governance and oversight. Effective collaboration and engagement amongst the internal team as well as with the various business areas is essential towards achieving success in this role.
You will
  • Perform validations of models across the company in an independent manner, which includes but is not limited to:
  • Collecting models, documentation, and other relevant artifacts.
  • Engaging in meetings with the modeling teams and other relevant stakeholders to understand the modeling processes and develop knowledge on product or technology details.
  • Reviewing the end-to-end process of the model, which includes the input, calculation, and output components, as well as the governance procedures, controls, and other relevant aspects of the models and processes.
  • Understanding the model methodologies and assumptions and challenge for weaknesses.
  • Recording and organizing all findings and/or issues that may arise from the validation exercises.
  • Verbally communicate validation results and discuss issues or challenges with targeted internal audiences and other stakeholders.
  • Engage in the entire model lifecycle including supporting validation efforts during model development phases.
  • Address any potential future misstatements or inaccuracies through facilitating optimal model and process design and implementation of preventative and detective controls.
  • Contribute to the continued growth and development of artificial intelligence, machine learning, and advanced analytics risk management through independent governance and validation activities within the Model Risk Management framework.
  • Support the Head of Model Risk Governance through independent assessment and challenge of model assumptions within the Model Risk Management framework, including reasonableness, limitations, interdependencies, governance controls, alignment with intended use, and experience tracking.
  • Maintain and manage the model validation findings inventory, including issue severity assessment, remediation tracking, and validation closure support.
  • Support independent data risk assessments on model-adjacent data assets, such as applications.
  • Lead presentations related to model validation outcomes, emerging model risks, and thematic observations across the enterprise.
  • Communicate with targeted internal audiences and other stakeholders to ensure alignment with the model risk management policy and foster a company culture that understands and adheres to model risk management best practices.

You are
  • A self-motivated person, able to work independently.
  • A strategic thinker, with the ability to "connect the dots" across the organization, and develop creative solutions to dynamic, complex, and unique business challenges.
  • A trusted partner who can build strong and effective relationships across a wide range of stakeholders and customers.
  • Technically proficient regarding model and process infrastructure as well as being an effective communicator.
  • Results-oriented and able to execute tasks efficiently.
  • Comfortable setting direction within a growing model validation function.

You have
  • 5+ years of experience in the insurance or financial services industry, preferably with experience in actuarial science and/or risk management.
  • Very strong technical skills with a variety of modeling platforms.
  • Proven leadership and communication skills.
  • The ability to accelerate impact and the desire to lead change.
  • FSA preferred but not required.

Reporting Relationship
You will report to the Head of Model Risk Governance, who reports to our Head of Model, AI, and Data Risk
Location
Hybrid role - 3 days in office in the Hudson Yards, NYC or Bethlehem, PA office; 2 days WFH
Salary Range:
$103,450.00 - $169,960.00
The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.
Our Promise
At Guardian, you'll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.
Inspire Well-Being
As part of Guardian's Purpose - to inspire well-being - we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues. Explore our company benefits at www.guardianlife.com/careers/corporate/benefits. Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits.
Equal Employment Opportunity
Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law.
Accommodations
Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact MyHR@glic.com. Please note: this resource is for accommodation requests only. For all other inquires related to your application and careers at Guardian, refer to the Guardian Careers site.
Visa Sponsorship
Guardian is not currently or in the foreseeable future sponsoring employment visas. In order to be a successful applicant. you must be legally authorized to work in the United States, without the need for employer sponsorship.
Notice Regarding Guardian's Use of Artificial Intelligence in Recruitment
As part of Guardian's job application process, Guardian may use artificial intelligence tools ("AI Tools") to automate the sorting and filtering of information provided by applicants as part of its preliminary screening. This preliminary screening may be used to help identify applicant materials and resumes relative to their indication that the applicant meets the requirements for the specific job for which they are applying, as specified in the listing posted on Guardian's jobs website (Careers at Guardian at https://www.guardianlife.com/careers). At Guardian, we do not use AI Tools to substantially assist or replace human judgment or discretionary decision making in our hiring process. All hiring decisions will be made by Guardian colleagues.
Please be aware that if you apply for a specific position with Guardian, you will have the choice of opting out of Guardian's use of AI Tools during the job application process. If you would like to request an alternative process that does not utilize AI Tools or would like to request a reasonable accommodation, within ten business days of your position application, you must email your request to MyHR@glic.com, making sure to provide your name and job requisition identification number. Guardian will retain your applicant materials and resume and all information therefrom in accordance with Guardian's document retention policy, a copy of which you may request via MyHR@glic.com.
Additionally, at applicable times, Guardian will make public the most recent bias audit results for such AI tools, which may be found here.
Current Guardian Colleagues: Please apply through the internal Jobs Hub in Workday.

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