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

KeyBank

Quant Analytics Assoc - Model Risk

Cleveland, OH · On-site

$68K - $103K/yr

... senior management. Specifically, you will be performing in-depth validations and reviews of new and existing models used across the bank, including those designed for mitigating of Fraud Risk ...

Keybank

Quant Analytics Assoc - Model Risk

Cleveland, OH · Hybrid

$68K - $103K/yr

... senior management. Specifically, you will be performing in-depth validations and reviews of new and existing models used across the bank, including those designed for mitigating of Fraud Risk ...

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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 21, 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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Head Of Model Risk Management jobs near you
AVP, Credit Model Development

AVP, Credit Model Development

Synchrony Financial

Canton, OH • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Synchrony Financial rating

9.1

Company rating: 9.1 out of 10

Based on 51 frontline employees who took The Breakroom Quiz

2nd of 148 rated financial services

Job description

Role Summary/Purpose:

Synchrony's Credit Account Management (ACM) - Model Development role will provide excellent opportunities to support our ACM analytics and modeling capabilities. In this role, you will contribute to the development and execution of models for customer account management.

The successful candidate will be responsible for executing key aspects of the model development lifecycle, including internal model building, assisting in the review of vendor models, supporting validation processes, and assisting with regulatory documentation. We are looking for a candidate who is curious and passionate about technical problem-solving and has hands-on experience in big data environments, computer programming, Python, AWS, Machine Learning (ML), or AI/GenAI.

The successful candidate will have good communication skills, solid hands-on model development experience, and an understanding of model risk. The role will focus on core technical model development and analytics to support account management.

Main Responsibilities:

  • Perform hands-on data collection, data cleansing, model development to support ACM model projects.

  • Partner with Model Risk Management on model validations, annual reviews, and ongoing assessments.

  • Analyze model performance and explain model behavior to business stakeholders.

  • Utilize advanced ML techniques to perform data mining for customer risk analysis and profiling.

  • Prepare and maintain comprehensive model documentation required to meet regulatory and compliance standards.

  • Lead automation initiatives using AWS, Python, Tableau, and related tools.

  • Build expertise in Synchrony's data warehouse and analytics ecosystem.

  • Perform other duties and/or special projects as assigned

Qualifications/Requirements:

  • Bachelor's degree in Statistics, Mathematics, Data Science, or a related quantitative field.

  • Approximately 3+ years of hands-on experience as a model developer or model validator, specifically within financial services, credit risk, or fraud analytics.

  • 2+ years of hands-on technical experience with data science/statistical tools and environments such as Python, Spark, AWS SageMaker, H2O, and SAS.

  • Strong written and verbal communication skills with the ability to present analytical findings and complex modeling concepts to diverse audiences.

  • Ability and flexibility to travel for business as required

Desired Qualifications:

  • Master's Degree or MBA with advanced analytic focus, or equivalent advanced degree

  • Experience using advanced modeling & data mining techniques (e.g. Machine learning, Big Data) to develop/ optimize Credit strategies

  • Strong communication and presentation skills and the ability to interact with and present to senior leaders and clients

  • Experience with commercial lending products and practices

  • Demonstrated ability to identify automation opportunities and lead initiatives that improve efficiency, data quality controls, and analytical processes.

Grade/Level: 10

The salary range for this position is 100,000.00 - 170,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Our Way of Working:

We're proud to offer you flexibility. At Synchrony, our way of working allows you to have the option to work from home near one of our Hubs or come into one of our offices.You will be required to commute to your nearestHub (either virtual or physical) for in-person engagement activities such as regularbusiness or team meetings, training and culture events.

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.

Eligibility Requirements:

  • You must be 18 years or older

  • You must have a high school diploma or equivalent

  • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

  • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Our Commitment:

When you join us, you'll be part of an inclusive culture where your individual skills, experience, and voice are not only heard - but valued. Together, we're building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We're proud to have an award-winning culture for all.

Reasonable Accommodation Notice:

  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time

Job Family Group:

Credit

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