ZipRecruiter

Log In

1

Model Risk Governance Jobs in Massachusetts (NOW HIRING)

Citizens

Sr Data Scientist Treasury Modeling

Westwood, MA · On-site

$124K - $165K/yr

The position also provides guidance to functional leaders on model impacts and partners with Model Risk Management, Market Risk, and Internal Audit to support model governance and regulatory ...

State Street Global Advisors

Quantitative Risk

Boston, MA · Hybrid

$104K - $180K/yr

... as Model Risk Management, Audit, and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure; collaborate with business users and IT partners to establish ...

State Street Corporation

Quantitative Risk

Boston, MA · On-site

$104K - $180K/yr

... as Model Risk Management, Audit, and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure; collaborate with business users and IT partners to establish ...

AIG

Actuary - Risk Management

Boston, MA · On-site

$120K - $150K/yr

Prepare reports on results of independent review to support robust governance function. * Effectively communicate and present model review findings to Enterprise Risk Management leadership, Finance ...

AIG

Associate Actuary - Risk Management

Boston, MA · On-site

$115K - $145K/yr

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage ... models. * Prepare reports on results of independent review to support robust governance function.

WHOOP

Senior Risk & Compliance Analyst

Boston, MA · On-site

... plans, and supporting governance and reporting processes. • Translate technical findings ... models, data flows, and platform changes. • Collaborate with Security Engineering, Product ...

next page

Showing results 1-20

All JobsModel Risk Governance JobsModel Risk Governance Jobs in Massachusetts

Model Risk Governance information

See Massachusetts salary details

$11

$49

$155

How much do model risk governance jobs pay per hour?

As of Jul 14, 2026, the average hourly pay for model risk governance in Massachusetts is $49.93, according to ZipRecruiter salary data. Most workers in this role earn between $16.30 and $78.75 per hour, depending on experience, location, and employer.

What are some typical challenges faced in a Model Risk Governance role?

Professionals in Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring comprehensive documentation for models, and maintaining effective communication between technical modelers and business stakeholders. Balancing rigorous model validations with tight project timelines can also be demanding, especially when coordinating input from various teams. Overcoming these hurdles requires a proactive approach to learning, strong organizational skills, and the ability to translate complex quantitative issues into actionable insights for decision-makers. These challenges make the work dynamic and offer significant opportunities to influence critical risk management processes within the organization.

What is a Model Risk Governance job?

A Model Risk Governance job involves overseeing the policies, procedures, and frameworks used to manage model risk within an organization. Professionals in this role ensure that models used for decision-making in areas like finance, risk management, and compliance are properly validated, monitored, and updated. They work closely with model developers, risk managers, and regulators to enforce governance standards and mitigate potential risks. Key responsibilities include establishing model validation processes, conducting risk assessments, and ensuring compliance with regulatory requirements.

What are the key skills and qualifications needed to thrive in the Model Risk Governance position, and why are they important?

To excel in Model Risk Governance, you typically need a strong background in quantitative finance, statistics, or a related field, often with advanced degrees such as a master's or Ph.D., and experience in risk management. Familiarity with model validation tools, programming languages like Python or R, and regulatory frameworks such as SR 11-7 or Basel guidelines is highly valued. Strong analytical thinking, communication skills, and the ability to manage multiple stakeholders are key soft skills for this position. These competencies ensure effective oversight of model risk, facilitate regulatory compliance, and enable clear communication of complex technical issues to non-technical stakeholders.

What are the most commonly searched types of Model Risk Governance jobs in Massachusetts? The most popular types of Model Risk Governance jobs in Massachusetts are:
What are popular job titles related to Model Risk Governance jobs in Massachusetts? For Model Risk Governance jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Model Risk Governance jobs in Massachusetts look for? The top searched job categories for Model Risk Governance jobs in Massachusetts are:
Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in Massachusetts as of July 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $103,846 per year, or $49.9 per hour.
Sr Data Scientist Treasury Modeling

Sr Data Scientist Treasury Modeling

Citizens Bank

Boston, MA • On-site

$124K - $165K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted yesterday

Job description


Job Summary:
CFG is a leading financial institution dedicated to providing innovative solutions to manage financial risks and optimize asset and liability portfolios. The Central Model Development team within the Asset Liability Management group is responsible for developing and maintaining models that support strategic decision-making.
This role develops, implements, and maintains ALM and CCAR/PPNR models. The position also provides guidance to functional leaders on model impacts and partners with Model Risk Management, Market Risk, and Internal Audit to support model governance and regulatory requirements.
Key Responsibilities:
  • Develop and maintain models supporting balance sheet forecasting for the Asset Liability Management group
  • Build customer behavior models for attrition, origination, and prepayment across deposit and loan products
  • Develop predictive models for market rates and macroeconomic variables related to ALM and CCAR
  • Partner with data science teams under leadership guidance to deliver model solutions
  • Create and maintain model documentation to support validation and governance processes
  • Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews
  • Monitor model performance and recommend enhancements including overlays, recalibration, or redevelopment
  • Perform sensitivity testing, back testing, and fundamental driver analysis
  • Demonstrate understanding of related models including interest rate and term structure models
  • Propose improvements to loan and deposit modeling and challenge existing assumptions
  • Support development of forward-looking macroeconomic and interest rate views in partnership with Treasury
  • Provide analytical support for balance sheet and liquidity strategy decisions
  • Support initiatives including Balance Sheet Optimization, Funds Transfer Pricing, Mortgage Servicing Rights, CCAR, and DFAST
  • Prepare materials for Asset Liability Committee and senior management

Required Qualifications:
  • Experience applying statistical analysis in Treasury modeling, risk management, forecasting, or pricing within a bank or consulting firm
  • Proficiency in Python, R, or similar analytical programming languages
  • Strong analytical and quantitative modeling skills
  • Experience developing and maintaining financial or risk models
  • Strong communication skills with the ability to translate complex analysis into business insights

Preferred Qualifications:
  • Experience with prepayment models such as BlackRock, Black Knight, QRM, or ADCO
  • Experience with deposit models such as QRM or Novantas
  • Exposure to balance sheet management systems such as QRM, BancWare, or Empyrean
  • Familiarity with financial and economic data sources such as FRED, Bloomberg, or Economy.com
  • Progress toward Chartered Financial Analyst designation

Education:
  • Master's degree or PhD in Finance, Economics, Mathematics, Statistics, or related STEM field preferred

Pay Transparency
The salary range for this position is $124,000 - $165,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .
About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Equal Employment and Opportunity Employer
Job Applicant Data Privacy Policy
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

Apply