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Head Of Model Risk Management Jobs (NOW HIRING)

Affirm

Model Risk Management Lead, Machine Learning

$164K - $224K/yr

Perform independent challenges of machine learning models used for credit underwriting, credit risk, and/or fraud detection through thorough validation and ongoing monitoring * Identify model ...

Netflix

Head of Risk Management

Los Angeles, CA · On-site

Manage the company's Total Cost of Risk, optimizing the balance between risk transfer, retention ... Knowledge and experience with insurance economics and underwriting business model * Experience ...

Aave Labs

Head of Risk

Manhattan, NY · On-site

If you understand market structure, portfolio risk management, and the Aave Protocol at a deep ... models and external risk inputs, including validation, versioning and monitoring Review whether ...

New

Vangard, Inc.

Model Validation

Malvern, PA · On-site

Overview The Model Risk Management (MRM) Team, part of Vanguard's second line of defense, is seeking a quantitative model risk professional to support the independent oversight of models used across ...

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Head Of Model Risk Management information

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$54K

$143.2K

$260K

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 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 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.

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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 August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.

Actuary & Director, Model Risk Management

Newport Beach, CA • On-site

Pacific Asset Management, LLC
Finance and Insurance • 11 - 50 employees
Learn more about Pacific Asset Management, LLCexternal

$203.76 - $249.04/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

Actuary & Director, Model Risk ManagementSkip to main content#Actuary & Director, Model Risk Management page is loaded## Actuary & Director, Model Risk ManagementApplylocations: Newport Beach CA-700: Omaha NE-6750: Charlotte-128time type: Full timeposted on: Posted Todayjob requisition id: R17161**Job Description:**Pacific Life is seeking an **Actuary & Director, Model Risk Management** to join our team. This role is on-site 4 days per week and work from home 1 day per week in **Newport Beach, CA, Omaha, NE, or Charlotte, NC.** If you are not currently located near one of our offices, we offer comprehensive relocation assistance.This role is a strong fit for a senior life actuary who enjoys technical depth, independent challenge, and practical business impact. You will lead second-line model risk oversight for Life insurance models across Financial Reporting, Product Development, Forecasting, and related model uses. You will work directly with business leaders, model developers, and risk committees to assess whether models are fit for purpose.This role will report directly to the VP of Model Risk Management and offers broad visibility across Pacific Life’s products and functions. **How you will make an impact:*** Lead comprehensive reviews of Life models and provide clear, practical recommendations to owners, senior leaders, and risk committees.* Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.* Provide expert guidance on efficient modeling techniques and robust governance practices, to bolster model risk management.* Collaborate with cross-domain subject experts to understand and impact the business more holistically and help advance Pacific Life’s model risk framework and practices.* Stay current on emerging practices, modeling techniques, technologies, and regulatory developments.**The experience you bring:*** **8+ years of actuarial experience with an FSA designation.*** **Deep experience in Life products, in areas of actuarial modeling, financial reporting, forecasting, pricing, or economic valuation.*** Ability to challenge technical work constructively and influence senior leaders and technical teams.* Experience reviewing, validating, developing, or testing complex actuarial models.* Strong communication skills, including the ability to explain complex modeling issues in clear business language.* Strong project leadership, judgment, and stakeholder management skills.**What makes you stand out:*** **Experience with Prophet.*** Familiarity in emerging AI tools and advanced analytics.* **Experience building validation / replication / challenger models.****Salary Ranges per Location:*** **Newport Beach, CA:** $203,760 - $249,040* **Omaha, NE:** $175,950 - $215,050* **Charlotte, NC:** $185,220 - $226,380**Base Pay Range:**The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.$203,760.00 - $249,040.00**Your Benefits Start Day 1**Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.* Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents* Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off* Paid Parental Leave as well as an Adoption Assistance Program* Competitive 401k savings plan with company match and an additional contribution regardless of participation**You Can Be Who You Are**We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife**EEO Statement:***Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.* #J-18808-Ljbffr

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