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Head Of Model Risk Management Jobs in Chelsea, MA

Grand Circle Travel

Head of Compliance

Boston, MA · On-site

$185 - $235/hr

Design and implement a risk-based audit and monitoring program. * Establish audit schedules ... Vendor Management and Contract Compliance * Corporate Ethics and Business Conduct Training ...

Grand Circle LLC

Head of Compliance

Boston, MA · On-site

$185K - $235K/yr

Design and implement a risk-based audit and monitoring program. * Establish audit schedules ... Vendor Management and Contract Compliance * Corporate Ethics and Business Conduct Training ...

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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 Model Risk Management jobs near you

Head of Compliance

Grand Circle Travel

Boston, MA • On-site

$185 - $235/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

Location: Boston, MA (Hybrid - 3 days per week in office)

Position Summary

Grand Circle Corporation is the leader in international travel, adventure and discovery for Americans aged 50+. Headquartered in Boston MA, and with more than 35 offices globally, more than two million Americans have traveled with our award-winning travel brands: Grand Circle Cruise Line, Overseas Adventure Travel and Grand Circle Travel.

Key Responsibilities

Grand Circle Corporation is seeking its first Head of Compliance to establish and lead a comprehensive compliance program across the organization. Reporting to the Chief People Officer, this leader will partner closely with Information Security, Finance, People & Culture, Worldwide Operations, Contracting, Legal, and other business leaders to design and implement a global enterprise compliance framework that ensures adherence to internal standards, contractual obligations, regulatory requirements, and industry best practices.

This is a highly collaborative leadership role that succeeds through influence rather than direct authority. The Head of Compliance will create the governance structures, audit methodology, training programs, compliance metrics, and reporting processes necessary to build a culture of accountability and continuous improvement across multiple business functions.

The ideal candidate has successfully built or significantly transformed a compliance program in a complex organization, driven adoption across diverse business units, and developed audit and monitoring processes spanning multiple functional areas.

Enterprise Compliance Strategy
  • Develop and maintain the company's global enterprise compliance strategy and roadmap.
  • Create a scalable compliance framework that defines roles, responsibilities, controls, reporting requirements, and governance processes.
  • Identify emerging compliance risks and partner with leadership to develop mitigation plans.
  • Advise executive leadership on compliance trends, obligations, and program effectiveness.
Compliance Governance
  • Establish a company-wide compliance operating model.
  • Create and facilitate compliance governance forums and reporting mechanisms.
  • Develop policies, standards, and controls in partnership with subject matter experts.
  • Maintain enterprise compliance documentation and oversight processes.
Audit & Monitoring
  • Design and implement a risk-based audit and monitoring program.
  • Establish audit schedules, assessment methodologies, and corrective action tracking.
  • Partner with functional leaders to conduct compliance reviews and remediation activities.
  • Report audit findings, trends, and risk indicators to executive leadership.
Cross-Functional Partnership

Serve as the compliance leader and strategic partner across multiple domains, including:

  • Information Security, Data Privacy, and Cybersecurity Compliance
  • Financial Controls and Regulatory Compliance
  • Payment and Transaction Compliance
  • Employment Law and Workplace Compliance
  • Traveler Health and Safety Standards
  • Quality Assurance and Internal Operational Standards
  • Vendor Management and Contract Compliance
  • Corporate Ethics and Business Conduct
Training & Capability Building
  • Train business stakeholders to execute compliance responsibilities effectively.
  • Together with business stakeholders, promote a culture of accountability, transparency, and ethical conduct.
  • Ensure compliance responsibilities are embedded within business processes, leadership expectations and stakeholder Key Result Areas.
Metrics & Reporting
  • Establish compliance KPIs and control effectiveness measures.
  • Develop enterprise compliance dashboards.
  • Track trends, findings, remediation progress, and risk indicators.
  • Present regular compliance updates to senior leadership.
Qualifications Required
  • 12+ years of progressive compliance, risk, audit, governance, legal, regulatory, or related experience.
  • Experience building or significantly enhancing a compliance program from the ground up.
  • Demonstrated success driving enterprise-wide adoption through influence rather than direct authority.
  • Experience creating audit methodologies and compliance monitoring programs.
  • Ability to partner effectively with executive leadership and cross-functional teams.
  • Strong understanding of compliance governance, risk assessment, internal controls, and policy development.
  • Excellent communication, facilitation, and stakeholder management skills.
Preferred
  • Deep expertise in at least one of the following disciplines:
  • Data privacy
  • Information security compliance
  • Financial or payment compliance
  • Employment law compliance
  • Corporate governance and ethics
  • Internal audit
  • Vendor and contractual compliance
  • Working knowledge across multiple compliance domains.
  • Experience supporting global or multi-jurisdiction operations.
Total Rewards

The base salary range for this role is $185,000 – $235,000 annually for employees based in Boston, MA. Final compensation may vary and will be determined based on factors such as relevant experience, skills, internal equity, and geographic location. In addition to base pay, this role is eligible for an annual incentive bonus and first-class benefits, which include:

  • Health & wellness: Comprehensive and heavily subsidized medical, dental, and vision plans, plus on-site gym access, holistic wellness sessions, and group fitness classes
  • Time for you: Substantial Paid Time Off (PTO), and 11 paid holidays- including Juneteenth, Memorial Day, and Labor Day – and Summer Fridays. Plus- extensive parental leave, with up to 12-16 weeks paid leave at 100% base salary.
  • Travel more, spend less: 50% off our trips for you and a companion, 25% for additional immediate family members, and exclusive quarterly associate travel deals
  • Your future, secured: 401(k) with company match, life insurance, and disability coverage
  • Continuous growth: Tuition assistance for both professional and personal development, opportunities for professional development through oversees travel, and direct access to Pinnacle Leadership & Team Development.
  • Extra perks: Commuter benefits, FSA options, pet insurance, home & auto discounts, and paid volunteer time off to give back to the community

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.

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