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Head Of Model Risk Management Jobs in Arnold, MD

Act as a mentor and role model for the project/Program management team. * Serve as Deputy for the ... Deliver competitive customer tenders with a compliance matrix and risk profile. * Define ...

... management. Role Summary The Director of Counterparty Risk reports to the Head of Investment Risk ... Familiarity with counterparty exposure modeling techniques (potential future exposure and expected ...

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Head Of Model Risk Management information

See Arnold, MD salary details

$52.7K

$139.7K

$253.6K

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

As of Aug 22, 2026, the average yearly pay for head of model risk management in Arnold, MD is $139,660.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,900.00 and $163,400.00 per year, depending on experience, location, and employer.

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.

What are the key skills and qualifications needed to thrive as a head of model risk management?

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 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 job categories do people searching Head Of Model Risk Management jobs in Arnold, MD look for?

The top searched job categories for Head Of Model Risk Management jobs in Arnold, MD are:

What cities near Arnold, MD are hiring for Head Of Model Risk Management jobs?

Cities near Arnold, MD with the most Head Of Model Risk Management job openings:

Infographic showing various Head Of Model Risk Management job openings in Arnold, MD as of August 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Temporary. Highlights an 90% In-person, 3% Hybrid, and 7% Remote job distribution, with an average salary of $139,660 per year, or $67.1 per hour.

Risk Management Analyst

BOOZ, ALLEN & HAMILTON, INC.

College Park, MD • On-site

$69K - $158K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 10 days ago


Booz Allen Hamilton rating

8.9

Company rating: 8.9 out of 10

Based on 49 frontline employees who took The Breakroom Quiz

10th of 72 rated business consultants


Job description

Risk Management Analyst
The Opportunity:
Use your industry or domain expertise to assess risk posture to develop innovative solutions to complex problems supporting a dynamic Navy Middle Tier Acquisition ( MTA ) technical program focused on rapid prototyping and fielding across U.S. Navy and U.S. Marice Corps program offices. We're looking for a cleared, early- or mid-career professional who is excited to help build a lean, effective Acquisition Risk Management process without the heavy bureaucracy of traditional ACAT programs. If you bring strong analytical skills, curiosity, and experience supporting DoW or federal acquisition in any capacity, this could be the role for you!
Join us. The world can't wait.
You Have:
  • 3+ years of experience in DoW or federal acquisition, program analysis, project controls, or PMO functions
  • 3+ years of experience designing and implementing a risk management process covering cost, schedule, and performance
  • Knowledge of a modern project or workflow tool such as Jira or spreadsheets
  • Top Secret clearance
  • HS diploma or GED

Nice If You Have:
  • Experience with risk management, cost or schedule analysis, or agile acquisition
  • Experience with Jira, Risk Exchange+, or similar tools
  • Knowledge of NAVSEA MTA, rapid prototyping, or iterative development environments
  • Possession of excellent analytical, organizational, and communication skills
  • TS/SCI clearance
  • Bachelor's degree

Clearance:
Applicants selected will be subject to a security investigation and may need to meet eligibility requirements for access to classified information ; Top Secret clearance is required.
Compensation
At Booz Allen, we celebrate your contributions, provide you with opportunities and choices, and support your total well-being. Our offerings include health, life, disability, financial, and retirement benefits, as well as paid leave, professional development, tuition assistance, work-life programs, and dependent care. Our recognition awards program acknowledges employees for exceptional performance and superior demonstration of our values. Full-time and part-time employees working at least 20 hours a week on a regular basis are eligible to participate in Booz Allen's benefit programs. Individuals that do not meet the threshold are only eligible for select offerings, not inclusive of health benefits. We encourage you to learn more about our total benefits by visiting the Resource page on our Careers site and reviewing Our Employee Benefits page.
Salary at Booz Allen is determined by various factors, including but not limited to location, the individual's particular combination of education, knowledge, skills, competencies, and experience, as well as contract-specific affordability and organizational requirements. The projected compensation range for this position is $69,400.00 to $158,000.00 (annualized USD). The estimate displayed represents the typical salary range for this position and is just one component of Booz Allen's total compensation package for employees. This posting will close within 90 days from the Posting Date.
Identity Statement
As part of the hiring process, we will ask you to complete an identity verification process that leverages advanced biometrics and artificial intelligence to ensure authenticity and protect against identity fraud. You are expected to be on camera during interviews and assessments. We reserve the right to take your picture to verify your identity and prevent fraud.
Candidate AI Usage Policy
AI is a part of our daily work at Booz Allen, and we are committed to the responsible and ethical use of AI tools. However, we want to ensure a fair candidate process based on your own skills and knowledge. As part of this commitment, the use of artificial intelligence (AI) or other tools to assist with responses during interviews (whether in-person or virtual) is prohibited unless permission is explicitly provided.
Work Model
Our people-first culture prioritizes the benefits of collaboration, whether it occurs in person or virtually. To support engagement and effective communication, employees working virtually are generally expected to have their cameras on during meetings.
  • Remote: If this position is listed as remote, there may still be occasions when you are required to work in person at a Booz Allen or customer facility.
  • Hybrid: If this position is listed as hybrid, you will be expected to work from a Booz Allen facility frequently, in alignment with leadership expectations and the needs of the role. You may also be required to work from or visit a customer facility.
  • Onsite: If this position is listed as onsite, work will primarily be performed at a Booz Allen office or customer facility, where employees will collaborate directly with colleagues and customers as required by the role.

Commitment to Non-Discrimination
All qualified applicants will receive consideration for employment without regard to disability, status as a protected veteran or any other status protected by applicable federal, state, local, or international law.

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About Booz Allen Hamilton

Sourced by ZipRecruiter

Booz Allen Hamilton is a leading provider of management and technology consulting services to the US government in defense, intelligence, and civil markets. Headquartered in McLean, Virginia, the firm also serves major corporations, institutions, and not-for-profit organizations. Founded in 1914 by Edwin G. Booz, the company has a long-standing tradition of helping clients achieve success by delivering a wide range of consulting services that include strategic planning, human capital and learning, communication, systems development, and others. The company's mission is to empower people to change the world, and it has a reputation for maintaining the highest standards of integrity and-excellence.

Industry

It services

Company size

10,000+ Employees

Headquarters location

McLean, VA, US

Year founded

1914