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

VP Risk & Compliance Solutions

Columbus, IN ยท On-site

$117K - $157K/yr

... Model Risk Management Program, Physical Security Program, and Corporate Insurance coverage. * Serves as management liaison for ERC and ensures timely, accurate sharing of information and board ...

Head of Marketing At Endress+Hauser, progress happens by working together. As the global leader in ... You'll work closely with global product management, industry leaders, industrial engineering, and ...

Head of Marketing At Endress+Hauser, progress happens by working together. As the global leader in ... You'll work closely with global product management, industry leaders, industrial engineering, and ...

Head of Marketing At Endress+Hauser, progress happens by working together. As the global leader in ... You'll work closely with global product management, industry leaders, industrial engineering, and ...

Head of Planning

Fishers, IN ยท On-site

$170K - $192K/yr

About the role Miebach Consulting is seeking a Head of Supply Chain Planning, North America, to ... Business Development & Client Relationship Management * Develop and maintain strong relationships ...

We are seeking a Head of Originations to lead and scale loan production across the Midwest. This ... Manage the full origination pipeline from initial contact through term sheet issuance * Partner ...

CRCL) is one of the world's leading internet financial platform companies, building the foundation ... You will own Circle's fraud risk management program, oversee fraud analytics and detection ...

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Showing results 1-20

Head Of Model Risk Management information

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.
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What job categories do people searching Head Of Model Risk Management jobs in Indiana look for? The top searched job categories for Head Of Model Risk Management jobs in Indiana are:
What cities in Indiana are hiring for Head Of Model Risk Management jobs? Cities in Indiana with the most Head Of Model Risk Management job openings:
Risk Management (Medical Devices)

Risk Management (Medical Devices)

ALTEN Technology USA

Indianapolis, IN โ€ข On-site

Full-time

Posted 19 days ago


Job description

We're ALTEN Technology USA, an engineering company helping clients bring groundbreaking ideas to life-from advancing space exploration and life-saving medical devices to building autonomous electric vehicles. With 3,000+ experts across North America, we partner with leading companies in aerospace, medical devices, robotics, automotive, commercial vehicles, EVs, rail, and more.
As part of the global ALTEN Group-57,000+ engineers in 30 countries-we deliver across the entire product development cycle, from consulting to full project outsourcing.
When you join ALTEN Technology USA, you'll collaborate on some of the world's toughest engineering challenges, supported by mentorship, career growth opportunities, and comprehensive benefits. We take pride in fostering a culture where employees feel valued, supported, and inspired to grow.
Position Summary
  • We are seeking a Risk Management Subject Matter Expert (SME) with extensive experience in medical device risk management and a solid background in Systems Engineering.
  • The consultant will support the development, review, and technical assessment of key risk management deliverables for the medical device program.

Key Responsibilities
  • Development and Review of Key Risk Management Deliverables
  • Conduct the technical review of the PHA.
  • Support the development and technical review of the BE CT CHA and platform CHA, including associated platform risk libraries:
  • Ensure alignment with Systems Engineering deliverables (e.g., consistency between RCMs and design inputs).
  • Verify alignment of risks and RCMs with applicable standards (e.g., ISO 11608, IEC 60601-1, etc.).
  • Support integration activities related to platform risk libraries.
  • Support for Additional Risk Management Deliverables
  • Contribute to the development and review of the Platform Risk Management Plan (RMP).
  • Participate in Functional Failure Analysis, including:
  • Identification of system-level effects.
  • Assignment of appropriate defect classifications.
  • Support additional Risk Management deliverables as required throughout the project lifecycle.
  • Reviewing and structuring existing FMEAs currently in Excel
  • Reformatting data so it can be integrated into Turbo AC (their risk management tool)
  • Supporting the upcoming import process and ensuring everything is properly structured
  • Assisting with manual linking between hazards and FMEAs once uploaded

Required Qualifications / Technical Competencies
  • 8+ years of experience in Risk Management for medical devices.
  • Strong background in Systems Engineering methodologies.
  • Expertise with key standards, including:
    • ISO 14971
    • ISO 11608
    • IEC 60601-1 and related standards
  • Experience with TurboAC or risk management platforms is a strong plus.

Professional Skills
  • Ability to conduct detailed and complex technical analyses.
  • Excellent technical documentation and writing capabilities.
  • High attention to detail and strong analytical mindset.
  • Ability to collaborate effectively with cross-functional teams, including Systems Engineering, Quality, Design, and Platform Engineering.

Assignment Conditions
  • On-site presence required in Indianapolis.

Work Authorization Requirement: Due to client requirements, only candidates who are U.S. Citizens or U.S. Permanent Residents (Green Card holders) are eligible for consideration for this position.
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, age, genetic information, or pregnancy.
Please beware of job seeker scams and see this important notice on our careers page for more information about our recruiting process.
Compliance Notice: Alten USA is a federal contractor subject to the requirements of the Vietnam Era Veterans' Readjustment Assistance Act (VEVRAA) and Executive Order 11246. We are an Equal Opportunity Employer and consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Drug Screening Requirement: As a federal contractor, Alten USA maintains a drug-free workplace. All candidates selected for employment will be required to successfully complete a pre-employment drug screening as a condition of hire.