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Head Of Model Risk Management Jobs in Springfield, MA

Talcott Financial Group

Risk Manager

Hartford, CT · On-site

$120K - $155K/yr

This position will report into the Head of Model, Insurance, and Retail Risk in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA charter holders, and risk professionals ...

The Hartford

Associate Risk Analyst

Hartford, CT · On-site

$69K - $103K/yr

Support management of model inventory and assisting in the maintenance of model policy and standards. * Identifying opportunities to improve risk metrics and reporting capabilities. * Assisting in ...

Alquemy

Head of Data

Hartford, CT · On-site

Understanding of regulatory, privacy, security, and data risk management requirements. Experience ... data governance operating models, policies, standards, and stewardship frameworks. Strong ...

The Hartford

CMBS Sector Head

Hartford, CT · Hybrid

Develop portfolio strategies and model portfolios tailored to client objectives, investment ... Strong understanding of portfolio risk management principles and relative value investing. * Proven ...

The Hartford

CMBS Sector Head

Hartford, CT · Hybrid

$189K - $284K/yr

Develop portfolio strategies and model portfolios tailored to client objectives, investment ... Strong understanding of portfolio risk management principles and relative value investing. * Proven ...

Jobtailor

Head of Investment Controls

Springfield, MA · On-site

$130 - $180/hr

... in Investment Management (IM). As Head of Investment Controls, you will be responsible for ... future operating model of governance, risk and controls for processes supporting the General ...

IFG Companies

Risk Management Actuary

Hartford, CT · On-site

$150K - $200K/yr

Draft POSITION SUMMARY The Risk Management Actuary ("RMA") plays a key role in supporting IFG ... Collaborating with Pricing, Reserving and Modeling Actuaries to ensure consistency of data ...

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All JobsHead Of Model Risk Management JobsHead Of Model Risk Management Jobs in Springfield, MA

Head Of Model Risk Management information

See Springfield, MA salary details

$53.8K

$142.7K

$259.1K

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 Springfield, MA is $142,684.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,100.00 and $166,900.00 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 Springfield, MA look for?

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

What cities near Springfield, MA are hiring for Head Of Model Risk Management jobs?

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

Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in Springfield, MA as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 14% Part Time, and 3% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $142,684 per year, or $68.6 per hour.

Risk Manager

Talcott Financial Group

Hartford, CT • On-site

$120K - $155K/yr

Full-time

Posted 5 days ago

Job description

Talcott Financial Group* is an international life insurance group and the industry's trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.
Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $130 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.
Talcott Financial Group's two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.
Overview:
This position will report into the Head of Model, Insurance, and Retail Risk in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA charter holders, and risk professionals and is tasked with, among other things:
  • Identifying and Assessing Risks
  • Developing and testing of the Company's Risk Appetite
  • Developing and maintenance of the Company's Risk Management Framework
  • Establishing risk tolerances, and Limits
  • Risk monitoring; and internal and external risk reporting

Responsibilities:
  • Develops, implements, and communicates model risk policies and procedures
  • Supports the oversight and challenge of key model risk activities including model documentation, model adoption and change, and model validation
  • Maintains a model risk register and follows up with key stakeholders on the remediation of findings
  • Develops comprehensive and detailed model risk reports to help monitor and manage model risk
  • Maintains a centralized catalogue of key MRM artifacts including Policy, Standards, templates, training materials, MRM risk register, leadership team meeting materials, and program execution documents
  • Assesses and monitors model risk exposures
  • Maintains and updates a centralized model and tool inventory
  • Supports model validations as appropriate
  • Supports the training of MRM program objectives and requirements
  • Establishes strong relationships with model owners, model business owners, and model business users

Qualifications:
  • Bachelor's degree or higher in a quantitative discipline
  • 7+ years of experience required, with focus on model risk, actuarial and finance processes, operational risk, and/or insurance industry preferred
  • Strong project management and collaboration skills
  • Strong attention to detail and well organized; ability to prioritize, multi-task and work independently while delivering superior outcomes
  • Strong analytical capabilities: demonstrated modeling capabilities in Financial Mathematics preferred
  • Strong communicator through verbal, written and listening skills
  • Quick learner and able to drive continuous improvement beyond own scope of responsibility; able to constructively challenge status quo
  • Professional designations such as CFA or FRM a plus

Compensation:
This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott's total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.
*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.
**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html

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