ZipRecruiter

Log In

1

Head Of Model Risk Management Jobs in Colorado (NOW HIRING)

Sunflower Bank, N.A.

Model Risk Analyst

Denver, CO · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Sunflower Bank NA

Model Risk Analyst

Denver, CO · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Sunflower Bank NA

Model Risk Analyst

Denver, CO · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Nomad Labs, Inc

Head of Growth

Denver, CO · On-site

$170K - $250K/yr

... manager who brings expertise and capacity for ~10% of rent. But neither addresses the most ... That risk has always sat with the owner. Nomad is different. We help rental owners lease faster ...

Nomad Labs Inc

Head of Growth

Denver, CO · On-site

$170K - $250K/yr

... manager who brings expertise and capacity for ~10% of rent. But neither addresses the most ... That risk has always sat with the owner. Nomad is different. We help rental owners lease faster ...

next page

Showing results 1-20

People also search for

All JobsHead Of Model Risk Management JobsHead Of Model Risk Management Jobs in Colorado

Head Of Model Risk Management information

See Colorado salary details

$56.8K

$150.6K

$273.4K

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

As of May 29, 2026, the average yearly pay for head of model risk management in Colorado is $150,561.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,900.00 and $176,100.00 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 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.

How much does a head of risk make?

A Head of Model Risk Management typically earns between $150,000 and $250,000 annually, depending on the size of the organization, location, and experience. Senior roles may include bonuses and benefits, and strong expertise in risk modeling, regulatory standards, and leadership are often required.

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 popular job titles related to Head Of Model Risk Management jobs in Colorado? For Head Of Model Risk Management jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Head Of Model Risk Management jobs in Colorado look for? The top searched job categories for Head Of Model Risk Management jobs in Colorado are:
What cities in Colorado are hiring for Head Of Model Risk Management jobs? Cities in Colorado with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in Colorado as of May 2026, with employment types broken down into 94% Full Time, 3% Part Time, 1% Temporary, and 2% Contract. Highlights an 88% Physical, 8% Hybrid, and 4% Remote job distribution, with an average salary of $150,561 per year, or $72.4 per hour.

Director, Treasury & Model Risk Management

Wings Credit Union

Colorado Springs, CO

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago

Job description

Company Description

Ent Credit Union and Wings Credit Union joined forces in January 2026. This merger means more opportunities, expanded resources, and a shared commitment to delivering exceptional member service. Together, we become more - empowering members, communities, and teams through a bold, unified future. Both organizations bring a strong legacy of member satisfaction, operational excellence, financial stability, and community impact. Recognized locally and nationally as best-in-class financial institutions and employers of choice, each is known for its commitment to financial well-being and philanthropic leadership. Join us during this transformative time and be part of shaping the future of banking! To learn more about the merger, click here.

Job Description

As part of the second line risk framework, the Director acts as a senior leader responsible for providing risk oversight related to treasury, liquidity, capital, and asset-liability management (ALM), while also managing Wings' Model Risk Management (MRM) program. This position leverages advanced analytical skills and strong governance practices to ensure that first line treasury and modeling systems, strategies, and established control frameworks are resilient, transparent, and fully compliant with both regulatory requirements and the board's approved risk appetite.

The director will play an integral role in guiding Wings' approach to major financial risks, proactively identifying emerging risks, and collaborating with stakeholders to promote a strong risk management culture throughout strategic and operational decision-making. Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and asset-liability management, providing constructive challenges to funding and liquidity strategies, performing independent reviews of stress testing processes, and undertaking comprehensive capital management evaluations.
Essential Functions:

  • Lead the management and development of Wings' Treasury & Model Risk Management to ensure comprehensive identification, measurement, monitoring, and mitigation of liquidity, capital, asset-liability management, and capital management risks.
  • Maintain and reinforce risk appetite, limits, and controls across liquidity, interest rate risk, investment portfolio risk, and financial operations.
  • Oversee and challenge liquidity stress testing, scenario analysis, and treasury metrics, ensuring that methodologies are sound and outcomes are defensible.
  • Independently conduct gap assessments and develop processes to strengthen asset liability management, liquidity planning, stress testing, and capital management
  • Oversee Lead Wings' MRM program, ensuring that models within treasury, finance, credit, data science analytics, as well as artificial intelligence and machine learning domains, are accurately identified, inventoried, governed, validated, and monitored in accordance with SR 11-7 guidelines.
  • Oversee the development of stress testing methodologies, model creation and governance processes, review and approve assumptions, and ensure accurate risk measurement.
  • Conduct and/or oversee independent model validations, including conceptual soundness, performance testing, benchmarking, and ongoing monitoring.
  • Work with second line leadership to establish model risk management procedures and standards to align with evolving regulatory requirements and industry best practices.
  • Partner with model developers, data science, technology, and other stakeholders across the three lines to evolve Wing's MRM framework.
  • Translate complex regulatory requirements into scalable data, model, and workflow designs to help non-experts understand the vision, strategy, and overall value.
  • Build data driven insights and/or dashboards that strengthen liquidity, capital, and ALM risk visibility.
  • Provide leadership in the development and implementation of advanced analytics, including artificial intelligence and machine learning solutions, to strengthen risk management initiatives.
  • Prepare detailed risk reports for senior management, highlighting key liquidity and credit exposures, trends, and performance metrics.
  • Work with the second line risk leadership and first line leaders to execute risk limit governance, including setting liquidity risk appetite, calibration of risk limits, and ongoing monitoring of limit utilization and remediation.
  • Work in partnership with key stakeholders throughout the credit union to ensure that risk considerations are systematically integrated into both strategic planning and day-to-day operations.
  • Bank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications

Minimum Formal Qualifications for this Position:

  • Bachelor's Degree business, economics, finance, mathematics, or statistics required
  • Master's Degree business, economics, finance, mathematics, or statistics preferred
  • PhD business, economics, finance, mathematics, or statistics preferred
  • 8+ years' experience in financial or treasury risk management within banking and/or financial institutions, covering liquidity, ALM, capital, market, credit, and financial operations risk required
  • 3+ years' supervisory or team leadership experience required

Technical or Specialized Knowledge/Skills:

  • Demonstrated expertise in leading analytical projects, such as liquidity stress testing, scenario analysis, and asset-liability management (ALM) modeling, with substantial experience in large data set manipulation.
  • Experience in model development and validation, including treasury, credit, or financial models (e.g., PD, LGD, EAD, transition, and ALM models).
  • Strong understanding of the three lines of defense, issue management, and change control.
  • Demonstrated ability to translate regulatory requirements into scalable data, model, and workflow designs.
  • Experience leading large cross-functional work initiatives with key stakeholders.
  • Strong program management discipline, including roadmap development and execution.
  • Exceptional communication skills with the ability to synthesize analytics into clear narratives, influence senior leadership, and engage with risk committees and board-level stakeholders.
  • Advanced skills leveraging Python, R, and SQL for analytics, model testing, and validation.
  • Interest in financial markets and risk management; committed to continuous learning.
  • Knowledgeable in risk governance, enterprise risk management, and internal controls.
  • Demonstrates curiosity, ownership, and teamwork.
  • Ability to work independently, exercise judgment, and drive change.

Additional Information

The pay range for this position is:  $180,000-200,000 annually (S19) plus 20% annual target bonus.
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, location and internal pay equity.
BENEFITS:

  • Generous 401(k) match
  • 401k Discretionary Profit Sharing
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Short-Term and Long-Term Disability
  • Health Savings Account with company contribution
  • Employee Assistance Program
  • Paid Vacation, Sick, Floating Holidays and Volunteer Time Off
  • Paid Holidays
  • Tuition Reimbursement
  • Paid Parental Leave

We anticipate this position to close on 04/29/2026. Please submit your application at your earliest convenience to be considered.