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Head Of Model Risk Management Jobs in Washington

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 ...

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

As of May 30, 2026, the average yearly pay for head of model risk management in Washington is $162,170.00, according to ZipRecruiter salary data. Most workers in this role earn between $119,500.00 and $189,700.00 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 Washington? For Head Of Model Risk Management jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Head Of Model Risk Management jobs in Washington look for? The top searched job categories for Head Of Model Risk Management jobs in Washington are:
What cities in Washington are hiring for Head Of Model Risk Management jobs? Cities in Washington with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you
Model Risk Management Senior Analyst - Model Risk Management

Model Risk Management Senior Analyst - Model Risk Management

WesBanco Bank, Inc.

Bowie, MD • On-site, Remote

$110K - $130K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

WesBanco rating

7.4

Company rating: 7.4 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

91st of 141 rated banks

Job description

SUMMARY:
Model risk management (MRM) refers to the overseeing of risk defined by potential adverse consequences from decisions based on incorrect or misused models. MRM aims to employ techniques, practices or behaviors that will identify, measure and mitigate model risk across the Bank - the potential of model error or wrongful model usage.
The MRM Senior Analyst will support the SVP MRM Officer in the implementation and execution of Bank-wide MRM policies, standards and procedures, including model validation, model governance and performance monitoring, in conformance with regulatory guidance. The MRM Senior Analyst will attend and participate in meetings with the SVP MRM Officer and Senior Bank Management.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Supports the creation and maintenance of the Bank-wide model inventory and model risk rating.
Assists the SVP MRM Officer in performing independent validation and testing of Bank-wide risk models in accordance with MRM Policy as well as Model Validation Standards, Procedures and Templates.
Evaluates the conceptual soundness of model specifications; the reasonableness of assumptions and reliability of inputs; the completeness of testing performed to support the correctness of the implementation; the robustness of numerical aspects; the suitability and comprehensiveness of performance metrics and risk measures associated with use of models.
Assesses and measures the potential impact of model limitations, parameter estimation error or deviations from model assumptions; compares model outputs with empirical evidence and/or outputs from model benchmarks.
Documents and presents observations to SVP MRM Officer and to model owners and users; recommends management action plans, and tracks remediation progress.
Evaluates and monitors model performance reports on an on-going basis to ensure models remain valid, as well as contributes to the Bank-wide model risk and control assessment.
Provides on demand support during regulatory exams of MRM and periodic reviews performed by Internal Audit.
Engages in continued education through the company's internal training webinars.
Performs any other MRM-related tasks as needed.
Other duties may be assigned.
OTHER REQUIREMENTS:
Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Proficient in Microsoft Office products including Word and advanced Excel skills.
Ability to utilize tools provided in performing job responsibilities.
Willingness to provide a level of service which will clearly differentiate us from our competitors.
Professional demeanor in appearance, interpersonal relations, work ethics and attitude.
Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to management, bank employees and bank customers in a collaborative and solutions-oriented manner.
Must possess high level of attention to detail and accuracy.
Ability to multi-task and keep documentation organized.
Ability to take initiatives and work independently.
Banking is a highly regulated industry and you will be expected to acquire and maintain proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Strong business writing skills.
Ability to make, review and analyze information and make appropriate recommendations.
ADDITIONAL INFORMATION:
The wage range for the Model Risk Management Senior Analyst position is $110,000 - $130,000 annually. The position includes 17 days of PTO (Paid Time Off), 5 days of STD (Short Term Disability), 11 annual paid holidays and 1 float holiday.
WesBanco has an excellent benefits package to include medical, dental, and vision, Health Care Flexible Spending, Dependent Care Flexible Spending, Transportation Fringe Benefit Plan, Group Life, Long Term Disability, Optional Life, access to voluntary benefit products such as Cancer, Term & Universal Life, Accident, Short-Term Disability and Critical Illness policies, and other ancillary benefit products. WesBanco also offers 401(k) with employee match.
Graduate degree in Statistics, Mathematics, Economics or other related field required.
Quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, mathematical modeling required; experience within consulting or banking preferred.
Experience with analytical tools such as Python, R, MATLAB, SAS, SQL, MS Office required.
Experience in quantitative modeling or validation preferred.

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