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

Genworth Financial

Actuary, Model Risk

Richmond, VA · On-site +1

YOUR ROLE As an Actuary and member of the Model Risk Team, you will assess and manage model risk for Genworth's US Life Insurance, CareScout Insurance, CareScout Services businesses, and Genworth ...

Truist

Sr. Audit Manager - Quant

Richmond, VA

The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team. ESSENTIAL DUTIES AND RESPONSIBILITIES Following ...

Guidehouse

Model Validation Lead

Mclean, VA · On-site

FIVE (5) or more years of experience in model validation, model risk management, data science, quantitative analysis, or advanced analytics * Experience validating ML, statistical, and predictive ...

Guidehouse

Model Validation Lead

Mclean, VA

FIVE (5) or more years of experience in model validation, model risk management, data science, quantitative analysis, or advanced analytics * Experience validating ML, statistical, and predictive ...

Guidehouse

Model Validation Lead

Arlington, VA

FIVE (5) or more years of experience in model validation, model risk management, data science, quantitative analysis, or advanced analytics * Experience validating ML, statistical, and predictive ...

Guidehouse

Model Validation Lead

Arlington, VA · On-site

FIVE (5) or more years of experience in model validation, model risk management, data science, quantitative analysis, or advanced analytics * Experience validating ML, statistical, and predictive ...

Guidehouse

Model Validation Lead

Mclean, VA

FIVE (5) or more years of experience in model validation, model risk management, data science, quantitative analysis, or advanced analytics * Experience validating ML, statistical, and predictive ...

Hyphen Connect Limited

We are seeking an experienced Risk Management Director to join our global institutional crypto ... Qualifications: * 10+ years of experience in risk management within traditional finance (TradFi) or ...

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

Head Of Model Risk Management information

See Virginia salary details

$53.5K

$142K

$257.8K

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

As of Jun 30, 2026, the average yearly pay for head of model risk management in Virginia is $141,956.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,600.00 and $166,100.00 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 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 Virginia look for? The top searched job categories for Head Of Model Risk Management jobs in Virginia are:
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Head Of Model Risk Management jobs near you
Actuary, Model Risk

Actuary, Model Risk

Genworth Financial, Inc.

Richmond, VA • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 7 days ago

Job description

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day.
We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our interactions:
  • Make it human. We care about the people that make up our customers, colleagues, and communities.
  • Make it about others. We do what's best for our customers and collaborate to drive progress.
  • Make it happen. We work with intention toward a common purpose and forge ways forward together.
  • Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE
Actuary, Model Risk
LOCATION
Richmond, VA or Remote US (Eastern or Central Time Zones)
This position is available to Virginia residents as Richmond, Virginia in-office applicants or remote applicants residing in states/locations under Eastern or Central Standard Time: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin.
YOUR ROLE
As an Actuary and member of the Model Risk Team, you will assess and manage model risk for Genworth's US Life Insurance, CareScout Insurance, CareScout Services businesses, and Genworth's Investment and Corporate functions. You will lead independent model validations, partner with model owners and business leaders, and help advance best-in-class model risk management practices across the enterprise.
What you will be doing
  • Lead independent model validations for actuarial, finance, investment, and data science models
  • Validate that models are fit for purpose and functioning as expected based on their design, input data, methodology, and output
  • Provide effective challenge on model rationale, reliability, stability, robustness, and limitations
  • Identify model issues, confirm their resolution, and document validation findings for both technical and non-technical audiences
  • Collaborate with model owners, developers, and business leaders to deliver independent, value-added model risk management
  • Assess the enterprise's inherent and residual exposure to model risk based on its business processes, and risk management strategies
  • Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance
  • Improve the efficiency and efficacy of existing model risk management processes
  • Share industry knowledge, best practices, and notable validation findings with the Model Risk Team

What you bring
  • Bachelor's Degree in a quantitative discipline
  • Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA); FSA preferred
  • 7+ years of relevant experience within the Life, Annuity, or LTC insurance industries
  • 3+ years of experience developing actuarial models in an actuarial software platform (Moody's AXIS or MG-ALFA/Integrate preferred)
  • Proficiency in SQL or programming languages such as Python, R, or SAS
  • Familiarity with actuarial valuation, projections, experience study or pricing models
  • Interest in adopting and building AI tools to improve how we work
  • Ability to document models, processes, and validation findings for technical and non-technical audiences
  • Ability to work independently, take ownership of projects, and self-study unfamiliar topics

Nice to have
  • Master's degree in a quantitative discipline
  • CERA designation
  • Familiarity with predictive analytics, statistical techniques, or AI/machine learning models
  • Experience with using AI tools to improve processes and boost productivity

Employee Benefits & Well-Being
Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.
  • Competitive Compensation & Total Rewards Incentives
  • Comprehensive Healthcare Coverage
  • Multiple 401(k) Savings Plan Options
  • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
  • Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
  • Disability, Life, and Long Term Care Insurance
  • Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
  • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
  • Caregiver and Mental Health Support Services

ADDITIONAL
  • At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

For the State of New York: The base salary pay range for this role starts at a minimum rate of $115,900 up to the maximum of $220,200. In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 20% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.

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