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

AVI Foodsystems

Head of IT Security

Youngstown, OH · Hybrid

AVI Foodsystems is looking for an energetic and optimistic team member to fill the role of Head of ... Establish a security posture for the AI lifecycle, including model risk management, data privacy ...

AVI Foodsystems

Head of IT Security

Warren, OH · Hybrid

AVI Foodsystems is looking for an energetic and optimistic team member to fill the role of Head of ... Establish a security posture for the AI lifecycle, including model risk management, data privacy ...

AVI Foodsystems

Head of IT Security

Akron, OH · Hybrid

AVI Foodsystems is looking for an energetic and optimistic team member to fill the role of Head of ... Establish a security posture for the AI lifecycle, including model risk management, data privacy ...

AVI Foodsystems, Inc

Head of IT Security

Warren, OH · On-site

AVI Foodsystems is looking for an energetic and optimistic team member to fill the role of Head of ... Establish a security posture for the AI lifecycle, including model risk management, data privacy ...

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

Head Of Model Risk Management information

See Ohio salary details

$51.3K

$136.1K

$247.2K

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 Ohio is $136,125.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,300.00 and $159,200.00 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.
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What job categories do people searching Head Of Model Risk Management jobs in Ohio look for? The top searched job categories for Head Of Model Risk Management jobs in Ohio are:
What cities in Ohio are hiring for Head Of Model Risk Management jobs? Cities in Ohio with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you

Sr. Quantitative Model Analyst

Federal Home Loan Bank Cincinnati

Cincinnati, OH

Other

Posted 13 days ago

Job description

General Summary:
Independentlyleads and assists activities related to managing and mitigating model risks, byindependently performing validations, monitoring governance, and providingguidance and expertise related to models used by the Bank. The Senior Analystcollaborates with various stakeholders to ensure the accuracy, reliability, andregulatory compliance of models used for pricing, risk measurement, anddecision-making processes.
Principal Duties andResponsibilities:

  • Model Validation and Governance: Independently perform validation and governance efforts related to Bank models. Conduct comprehensive assessments of model accuracy, reliability, and robustness. Independently perform model validation activities, including reviewing model assumptions, methodologies, and implementation. Identify limitations, weaknesses, or gaps in models and propose enhancements or alternative approaches.
  • Model Risk Management Framework: Contribute to the development and enhancement of the bank's model risk management framework, policies, and procedures. Support the implementation and management of model risk management processes, including model inventory, model change management, and ongoing model monitoring.
  • Regulatory Compliance: Coordinate with key stakeholders to ensure compliance with regulatory model risk requirements (FHFA AB 2013-07; FHFA AB 2022-03).
  • Risk Identification and Measurement: Identify and assess the risks associated with financial models, including model errors, biases, and limitations.
  • Model Documentation and Reporting: Prepare comprehensive model validation reports, documenting the validation process, findings, and recommendations.
  • Collaboration and Leadership: Collaborate with key stakeholders to provide guidance and expertise in support of a sound model risk management environment at the Bank. Provide guidance and mentorship to junior members of the model risk management team.
  • Continuous Improvement and Innovation: Stay abreast of emerging trends, industry best practices, and technological advancements in model risk management. Identify opportunities for process optimization, automation, and efficiency gains within the model risk management function and ERM department.
  • Performs additional duties as requested by management.

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