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Head Of Model Risk Management Jobs (NOW HIRING)

TAB Bank

Model Risk Management Analyst

Ogden, UT · On-site

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank ... The primary function of this role will be to support the Bank's strategic partner program by ...

TAB Bank

Model Risk Management Analyst

Ogden, UT · On-site

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank ... The primary function of this role will be to support the Bank's strategic partner program by ...

Martello Re

Model Risk Actuary

Charlotte, NC · On-site

$113K - $133K/yr

The Model Risk Actuary will support the identification, assessment, and management of model risk across the organization. This role ensures that models and assumptions used for pricing, reserving ...

Tradeweb Markets

Head of Data Risk Management

New York, NY · On-site

$94K - $118K/yr

... Head of Data Risk Management to establish and lead the Firm's data risk management capabilities ... AI/ML model data dependencies and outputs * Risks from data aggregation, transformation and ...

Weekday AI

Head of Risk Management

Greece, NY

Set up and manage the Risk Management Framework : Establish appropriate risk policies and ... The Head of Risk has to undergo the MFSA PQ process. Required Skills The incumbent is expected to ...

Weekday AI

Head of Risk Management

Italy, TX

Set up and manage the Risk Management Framework : Establish appropriate risk policies and ... The Head of Risk has to undergo the MFSA PQ process. Required Skills The incumbent is expected to ...

The Hartford

Associate Risk Analyst

Hartford, CT

$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 ...

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All JobsHead Of Model Risk Management Jobs

Head Of Model Risk Management information

See salary details

$54K

$143.2K

$260K

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

As of Jul 30, 2026, the average yearly pay for head of model risk management in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 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.
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What cities are hiring for Head Of Model Risk Management jobs? Cities with the most Head Of Model Risk Management job openings:
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Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

Model Risk Management Analyst

TAB Bank

Ogden, UT • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner program by conducting reviews of the statistical/machine learning models used in underwriting and the overall model risk associated with each partnership. The individual in this role will be a leader in managing the policies, standards, and procedures governing model development and model risk management. By implementing sound model risk management practices and validating internal and external models, the analyst will keep an eye towards risk to ensure models follow set standards and do not expose the bank to undue risk. As time allows, a secondary function of this role will include working with BI analysts on data exploration and analysis.
The role will report directly to the Business Intelligence Manager. We are looking for someone who enjoys working with good people, building relationships, and leveraging those relationships to make a meaningful positive impact on TAB Bank. The ideal candidate will be detail oriented, principled, resourceful, inquisitive, a learner, a problem solver and driven by outcomes versus outputs. We need an individual who is seeking professional growth and development and is anxious to take on additional responsibility over time.
Essential Duties and Responsibilities:
  • Lead the management of the policies, standards, and procedures governing model development and model risk management.
  • Manage the Strategic Partner Model Inventory, including risk and criticality grading.
  • Evaluate Strategic Partner models for conceptual soundness.
  • Complete ongoing monitoring and review outcomes for Strategic Partner models.
  • Provide effective challenge to model development and monitoring practices to enact change when necessary.
  • Work with internal and external auditors when they review Model Risk Management at TAB.
  • Performing credit and model risk due diligence on potential new partners
  • Ability to take the lead to identify potential issues and opportunities for improvement and work with multiple employees on different teams to implement solutions.
  • Participating or leading various projects to improve processes or better manage risk for the Bank.
  • Other duties as assigned.

Required education and experience:
  • Bachelor's degree in a technical discipline
  • Strong understanding of regression and classification models with the ability to interrogate model design, methodology, and validation
  • Familiarity with machine learning models
  • Ability to build and manage analytical and statistical models

Preferred education and experience:
  • Graduate degree or 1-2 years of experience in a technical discipline.
  • Ability to program and conduct analysis using SQL, R, Python, SAS or similar applications
  • Familiarity with relational databases.
  • Experience with data visualization tools such as Tableau, Power BI, etc.

Competencies:
  • Ability to read and write SQL queries and experience with Python.
  • Demonstrated ability for critical thinking and problem-solving.
  • Demonstrated ability in communicating effectively, both verbally and written
  • Strong Microsoft application knowledge (Excel, Word, Outlook)
  • Strong time management and organizational skills for managing multiple initiatives and relationships with Strategic Partners simultaneously.
  • Excellent collaborator and team player. Capable of building meaningful professional relationships with a diverse group including executives, managers, and subject matter experts.

TAB Bank Offers:
  • Onsite Gym
  • Tuition Reimbursement
  • Paid Holidays
  • Gym Reimbursement
  • College Scholarships for Employees and Families
  • 401(k)
  • Paid Time Off (PTO)
  • Employee Assistance Program (EAP)
  • I Made the Grade
  • Holiday Club Program
  • Medical, Dental, Vision, Life and AD&D, Voluntary Disability, Flex Spending & Dependent Care

TAB Bank will not sponsor applicants for work visas.
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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