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Head Of Model Risk Management Jobs in Memphis, TN

UHS

DIR - RISK MANAGEMENT

Memphis, TN · On-site

As the Risk Manager the main responsibility is the oversight of the UHS Risk Management TERM Program. The Risk Manager reports directly to the Chief Executive Officer with dotted line reporting to ...

Evolve

Third Party Risk Officer

Memphis, TN · On-site

The Third Party Risk Officer is responsible for the development, implementation, and ongoing oversight of the Bank's Third Party Risk Management (TPRM) Program. This role ensures that risks ...

Getevolved

Third Party Risk Officer

Memphis, TN · On-site

$120 - $180/hr

The Third Party Risk Officer is responsible for the development, implementation, and ongoing oversight of the Bank's Third Party Risk Management (TPRM) Program. This role ensures that risks ...

TNBR Careers

Department Head - Nursing

Memphis, TN · On-site

SWTCC - Multiple Campus Locations Job Summary This is a full-time, fiscal year tenure track faculty appointment with management and supervisory responsibilities as the Department Head of Nursing. The ...

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All JobsHead Of Model Risk Management JobsHead Of Model Risk Management Jobs in Memphis, TN

Head Of Model Risk Management information

See Memphis, TN salary details

$52.5K

$139.1K

$252.6K

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

As of Aug 30, 2026, the average yearly pay for head of model risk management in Memphis, TN is $139,099.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,500.00 and $162,700.00 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 Memphis, TN look for?

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

Head Of Model Risk Management jobs near you

Head of Third-Party Risk Management

Getevolved

Memphis, TN • On-site

$120 - $180/hr

Other

Posted 11 days ago

Job description

The Third Party Risk Officer is responsible for the development, implementation, and ongoing oversight of the Bank’s Third Party Risk Management (TPRM) Program. This role ensures that risks associated with third-party vendors, service providers, and FinTech partners are identified, assessed, monitored, and mitigated in accordance with regulatory expectations and the Bank’s risk appetite.

The Officer leads a team of TPRM subject matter experts and provides governance, guidance, and oversight across all stages of the third-party lifecycle, including due diligence, contracting, performance monitoring, and termination. This role partners with business units, risk management, compliance, legal, and other functions to ensure a consistent and effective third party risk framework.

Main Job Tasks and Responsibilities:
  • Design, implement, and maintain the Bank’s Third Party Risk Management policies and procedures.
  • Ensure alignment with TPRM regulatory guidance.
  • Establish and maintain governance structures, including committees, reporting, and escalation processes.
  • Prepare and present program reports, risk insights, and metrics to senior management and the Board.
  • Periodically review and enhance the TPRM program to reflect evolving risks and regulatory expectations.
  • Collaborate with Legal in reviewing third-party contracts (e.g., risk clauses, SLAs, right-to-audit).
  • Provide training and awareness to staff on third-party risk management practices.
  • Oversee risk-based due diligence processes for onboarding and ongoing monitoring of third parties.
  • Ensure proper risk tiering/classification of vendors based on criticality and inherent risk.
  • Evaluate third-party controls across key risk domains (e.g., information security, financial health, operational resilience, compliance).
  • Review and challenge risk assessments and due diligence results for completeness and accuracy.
  • Establish continuous monitoring processes, including performance metrics, SLAs, and risk indicators.
  • Track, report, and escalate identified issues, control gaps, and remediation activities.
  • Ensure timely resolution of findings related to third-party risk from audits, regulatory exams, and internal reviews.
  • Partner with business units to provide guidance on third-party selection, contracting, and risk mitigation strategies.
  • Maintain and enhance TPRM systems/tools and vendor inventory.
  • Develop and deliver key risk indicators (KRIs), dashboards, and reporting for senior leadership.
Education and Experience:
  • Seven or more years of experience in third party or related risk management roles (third-party risk management, auditing, operational risk, or compliance-related experience).
  • Demonstrated experience building or managing a Third Party Risk Management program.
  • Strong knowledge of regulatory expectations.
  • Experience interacting with regulators and leading audit or exam responses.
  • Familiarity with third-party risk management platforms and tools.
  • Bachelor’s degree in a business-related field of study.
  • Strong stakeholder management and collaboration skills.
  • Proven experience presenting to senior leadership and governance committees.
  • Strong decision-making and escalation judgment.
  • Excellent written and verbal communication skills.
  • Ability to translate complex risk concepts into clear, actionable insights.
  • Skilled in use of MS Office suite, and ability to easily adapt to and utilize new technologies.
  • Continuous improvement mindset with focus on efficiency and effectiveness.
  • Strong organizational and project management skills.

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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