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Head Of Model Risk Management Jobs in Reston, VA

Sallie_mae

Manager, Model Risk

Sterling, VA

Prepare and present reports on model risk to senior management and regulatory bodies. The above information is intended to describe the general nature and level of work performed by employees ...

Sallie_mae

Senior Director, Model Risk

Sterling, VA · On-site

For students, for future generations, for the future of education. What You'll Contribute The Senior Director, Model Risk will be responsible for leading and managing the model risk management team ...

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All JobsHead Of Model Risk Management JobsHead Of Model Risk Management Jobs in Reston, VA

Head Of Model Risk Management information

See Reston, VA salary details

$56.2K

$149K

$270.5K

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

As of Aug 3, 2026, the average yearly pay for head of model risk management in Reston, VA is $148,963.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,800.00 and $174,300.00 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 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 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.
What are popular job titles related to Head Of Model Risk Management jobs in Reston, VA? For Head Of Model Risk Management jobs in Reston, VA, the most frequently searched job titles are:
What job categories do people searching Head Of Model Risk Management jobs in Reston, VA look for? The top searched job categories for Head Of Model Risk Management jobs in Reston, VA are:
What cities near Reston, VA are hiring for Head Of Model Risk Management jobs? Cities near Reston, VA with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you

Manager, Model Risk

Sallie_mae

Sterling, VA

Full-time

Medical, Dental, Vision, Life, PTO

Posted 26 days ago

Job description

When you join Sallie Mae, you become a champion for all students.

We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.

We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

What You'll Contribute

The Manager, Model Risk will be responsible for ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.

What You'll Do

  • May manage a Model Risk team and provide guidance, support, and mentorship to team members.
  • Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
  • Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
  • Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
  • Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
  • Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
  • Prepare and present reports on model risk to senior management and regulatory bodies.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What you have

Minimum: Indicate minimum education, skills and experience required.

  • Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
  • Familiarity with regulatory requirements and the ability to interpret and implement them.
  • Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
  • Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
  • Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
  • Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred: Indicate "nice to haves" regarding education, skills, and experience.

  • Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
  • 5 years of experience in model risk management, financial modeling, or a related field within the financial services industry.

The Americans with Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

Feeling your best helps you do your best:Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).

  • Competitive base salaries

  • Bonus incentives

  • Generous PTO, Floating Holidays and 12 Federal Holidays observed

  • Support for financial-well-being and retirement401k with employer match

  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more

  • Employer paid short-term/long-term disability and basic life insurance

  • Flexible hybrid working arrangements.

  • Paid parental leave and adoption reimbursement programs

  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)

  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives

  • Tuition Reimbursement and Family Scholarship Programs

  • Career development and training opportunities

Not the right fit? Let us know you're interested in a future opportunity by clickingIntroduce Yourselfin the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click hereto view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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