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Head Of Model Risk Management Jobs in Chelsea, MA

... risk management processes for AI. * Perform effective independent challenge of model design choices, data suitability, assumptions, limitations, and intended use. * Validate model performance and ...

Maintain ITF's insurance policies and risk management program. * Lead all treasury activities ... modeling, scenario analysis, and decision-ready insights. * Collaborate with functional and ...

Maintain ITF's insurance policies and risk management program. * Lead all treasury activities ... modeling, scenario analysis, and decision-ready insights. * Collaborate with functional and ...

Showing results 21-40

Head Of Model Risk Management information

See Chelsea, MA salary details

$58.7K

$155.6K

$282.5K

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

As of Sep 2, 2026, the average yearly pay for head of model risk management in Chelsea, MA is $155,587.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,600.00 and $182,000.00 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 cities near Chelsea, MA are hiring for Head Of Model Risk Management jobs?

Cities near Chelsea, MA with the most Head Of Model Risk Management job openings:

Head of Technical Investment Procurement

Takeda Pharmaceutical Company Limited

Cambridge, MA • On-site

Full-time

Posted 15 days ago


Takeda Pharmaceuticals rating

7.3

Company rating: 7.3 out of 10

Based on 71 frontline employees who took The Breakroom Quiz

70th of 86 rated pharmaceutical


Job description

By clicking the "Apply" button, I understand that my employment application process with Takeda will commence and that the information I provide in my application will be processed in line with Takeda's Privacy Notice and Terms of Use. I further attest that all information I submit in my employment application is true to the best of my knowledge.

Job Description

OBJECTIVES:

  • Lead enterprise-wide Technical Investment Procurement with end-to-end accountability for maximising the enterprise value generated from external spend (cost, cash, productivity, innovation, risk, ESG).
  • Define differentiated and well-articulated category strategies in line with business objectives and orchestrate resources across procurement and the business to deliver them.
  • Act as strategic procurement partner to the Head of Engineering and the Head of Real Estate & Facilities, co-owning the value delivered from external spend across manufacturing sites and the real estate & facilities footprint, including asset performance, reliability and lifecycle cost optimisation.
  • Manage ~$3.2B of Technical Services spend globally (Site Technical Services, MRO, Equipment, Capital Projects, Utilities, Facilities, Real Estate) and lead the Technical Services category team as a member of the Procurement Leadership Team.

ACCOUNTABILITIES:

  • Category Strategy: Develop differentiated, insight-driven category strategies aligned to enterprise priorities; embed lifecycle thinking (capex vs opex trade-offs, maintenance strategies, asset renewal); actively shape demand (scope, specifications, delivery models) to optimise total value, not just price.
  • Financial Impact & TCO: Deliver agreed savings and financial value capture opportunities through holistic spend management (incl. demand management); drive total cost of ownership optimisation across assets, services and capital investments; improve working capital through disciplined payment terms and contract structuring.
  • Value Delivery: Own and deliver a robust pipeline of initiatives aligned to value targets; orchestrate cross-functional delivery with Finance, TBS and Legal; ensure transparency, tracking and realisation of value to the P&L; translate delivery into measurable site-level outcomes (uptime, cost per unit, maintenance efficiency).
  • Supplier Base Management: Build a high-performing, rationalised and competitive supplier base; implement performance-based models; own SRM, KPIs and QBRs with strategic suppliers; ensure commercial models and contracts capture value beyond cost (productivity gains, outcome-based pricing, innovation sharing); drive standardisation of supplier performance management across sites.
  • Supplier Ecosystem & Innovation: Build strategic supplier partnerships in key categories (maintenance services, EPC/EPCM contractors, integrated facility management providers); systematically extract supplier-led innovation and productivity gains (predictive maintenance, automation, energy efficiency, delivery model redesign) and scale them across sites.
  • Business Partnering: Serve as strategic partner to the Head of Engineering (within GSQ and PDT), the Head of Real Estate & Facilities (within Global Finance) and their teams; create transparency on external spend; influence how sites and functions allocate external spend; contribute to capital planning and investment decisions related to external services and infrastructure.
  • Risk, Compliance & Resilience: Strengthen third-party risk management (supply continuity, EHS, regulatory/GxP compliance, contractor risk); design resilient supply chains; ensure full compliance with internal policies and external requirements; ensure external services and contractors operate in full alignment with site-level safety, quality and regulatory standards.
  • Sustainability & ESG: Drive ESG outcomes across Technical Services spend (Scope 3, responsible sourcing, energy efficiency, emissions reduction); allocate spend purposefully across the ecosystem of partners (environmental sustainability, human rights, diversity, equity and inclusion); support decarbonisation and resource efficiency initiatives across manufacturing sites and facilities.
  • Process & Technology: Improve speed and user experience of procurement by leveraging technology, process optimisation and driving automation; enable sites to meet production, quality and compliance targets through high-performing external services and suppliers.
  • Capabilities & Team Leadership: Build and lead a high-performing, business-oriented category team; ensure access to the right capabilities (tools, expertise, CoEs); develop and coach talent and actively manage succession pipeline; contribute to the development of the Procurement Strategy and lead its realisation.

EDUCATION, BEHAVIOURAL COMPETENCIES AND SKILLS:

  • University degree in Engineering, Supply Chain, Business or related discipline; advanced degree (MBA or equivalent) preferred.
  • At least 15 years working in biotech/pharma industry, or other highly regulated industries, with progressive leadership of procurement.
  • Significant senior procurement experience in manufacturing or GxP-regulated industries, including direct exposure to Technical Services categories (Site Technical Services, MRO, Equipment, Capital Projects, Utilities, Facilities, Real Estate).
  • Proven track record of leading global category teams and managing large, multi-region spend portfolios.
  • Fluent in English
  • Technical Services procurement experience: Strong background in procurement within manufacturing or GxP-regulated environments, with exposure to facilities, utilities and capital projects.
  • Category management track record: Proven ability to define and execute differentiated category strategies at scale; distinctive thought leadership to deliver strong value for the business; ability to build a culture of accountability and performance.
  • Stakeholder influence: Credible partner for stakeholders across sites and with regional GSQ, REF and BU leaders across Takeda's footprint; able to challenge demand and shape decisions.
  • Commercial and delivery acumen: Track record of delivering value in complex, global environments with a strong risk management mindset.
  • Communication skills: Ability to think creatively, engage in effective communication and act as a driver of change.
  • Leadership skills: Strong ability to inspire, influence and lead through others.
  • People skills: Experienced people leader, able to demonstrate passion for developing future procurement leaders.
  • Partnering skills: Proven track record of building effective working relationships with both internal and external stakeholders.
  • Organisational skills: Comfortable navigating and operating successfully in a highly matrixed environment whilst achieving common objectives.
  • Negotiation skills: Recognised expert in negotiation; provides strategic guidance on high-stakes negotiations.
  • Contract management: Applies contract management principles independently in moderately complex situations.
  • Budget & project management: Creates and manages budgets effectively and leads projects with a comprehensive understanding of project management principles, in moderately complex situations.
  • Change management: Applies change management strategies effectively in moderately complex scenarios.
  • Language skills: Fluent in English.

LICENSES/CERTIFICATIONS:

None required. Relevant professional certifications (e.g., CIPS, CPSM) considered an asset.

PHYSICAL DEMANDS:

  • Standard office-based role. Occasional travel required (see Travel Requirements).

TRAVEL REQUIREMENTS:

  • Approximately 20-30% international travel expected to engage with global business partners, category teams, and key suppliers
LocationsZurich, SwitzerlandUSA - MA - Cambridge

Base Salary Range:

CHF212,500.00 - CHF292,160.00

For information about our benefits, please click here.

Worker TypeEmployeeWorker Sub-TypeRegularTime TypeFull time

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About Takeda Ventures

Sourced by ZipRecruiter

Industry

Investment clubs and venture capital companies, pharmaceutical product wholesalers and pharmaceutical and medicine manufacturing

Company size

1 - 10 Employees

Headquarters location

San Diego, CA, US

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