1

Model Risk Governance Jobs in Virginia (NOW HIRING)

... and supporting models/tools, with an emphasis on governance, performance outcomes, and risk ... alignment. * Support issue management activities, including identification, root cause assessment ...

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

Advise clients on model risk management, AI governance, and responsible AI practices * Mentor junior staff and serve as a technical authority within analytics and AI engagements What You Will Need

... model risk governance and oversight for various model types. 7. Train/coach/mentor junior team members to enhance model audit work. Provide training on more complex and difficult areas.

next page

Showing results 1-20

People also search for

Model Risk Governance information

See Virginia salary details

$10

$45

$141

How much do model risk governance jobs pay per hour?

As of Jun 19, 2026, the average hourly pay for model risk governance in Virginia is $45.32, according to ZipRecruiter salary data. Most workers in this role earn between $14.76 and $71.49 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 Virginia? The most popular types of Model Risk Governance jobs in Virginia are:
What job categories do people searching Model Risk Governance jobs in Virginia look for? The top searched job categories for Model Risk Governance jobs in Virginia are:
Infographic showing various Model Risk Governance job openings in Virginia as of June 2026, with employment types broken down into 1% As Needed, 83% Full Time, 15% Part Time, and 1% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $94,270 per year, or $45.3 per hour.
Senior Principal Risk Analyst (Governance Risk Compliance)

Senior Principal Risk Analyst (Governance Risk Compliance)

Navy Federal Credit Union

Vienna, VA • On-site

Full-time

Posted 14 days ago


Navy Federal Credit Union rating

8.1

Company rating: 8.1 out of 10

Based on 265 frontline employees who took The Breakroom Quiz

58th of 138 rated financial services


Job description

Job Description
As part of the Risk Technology Enablement and Innovation team, this role is responsible for advancing Governance, Risk, and Compliance (GRC) capabilities across Navy Federal. This position will partner with business leaders, risk function stakeholders, and technology teams to design, mature, and operationalize risk management programs including RCSA, Issue Management, 3rd Party Risk Management, Business Continuity, Data Risk Governance, Model Risk, Financial Risk and Credit Risk while enabling these capabilities within our GRC platform.
The Senior Principal will operate at a strategic and enterprise level, influencing program direction, shaping technology architecture, and ensuring alignment between risk program objectives and platform capabilities.
Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.
Responsibilities
  • Serve as a trusted advisor to risk function leaders across the three lines of defense on risk program maturity, governance, and optimization
  • Provide strategic recommendations to strengthen enterprise risk programs, align to industry best practices and drive consistency and integration across risk functions
  • Influence and contribute to the long-term strategy for GRC technology and risk program evolution
  • Partner with risk teams across the three lines of defense, building strong relationships with senior stakeholders to drive alignment, adoption, and consistency in risk processes and technology
  • Lead design and maturation of enterprise initiatives and risk programs including RCSA, Issue Management, 3rd Party Risk Management, Business Continuity, Data Risk Governance, Model Risk, Financial Risk and Credit Risk
  • Act as a subject matter expert in ServiceNow GRC including architecture, data models, and integrations
  • Lead translation of business needs into platform capabilities, configurations, and solution designs ensuring scalable, sustainable, and enterprise-aligned solutions
  • Ensure quality through UAT oversight, change management processes, and post-implementation reviews
  • Advice on platform governance, roadmap prioritization, and enterprise-wide adoption strategies
  • Define success metrics (KRIs, KPIs) and reporting structures to enhance risk visibility and decision-making
  • Mentor and guide junior team members and serve as a lead resource across the function
  • Strong interpersonal, verbal, and written communication skills

Qualifications
  • 15+ years of experience in Governance, Risk and Compliance (GRC) and Risk Management methodologies
  • Advanced, hands-on knowledge of ServiceNow GRC / IRM architecture and modules
  • Proven experience leading enterprise-scale risk program transformations and deep expertise across multiple risk domains (e.g., Operational Risk, 3rd Party Risk, Data Risk, Model Risk, Financial Risk, Credit Risk)
  • Experience leading large, complex initiatives with enterprise impact and drive cross-functional alignment
  • Strong communication skills with the ability to translate technical concepts into business outcomes
  • Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
  • Relevant certifications (e.g., CRISC, CISA, CISSP) preferred

Additional Information
Hours:
  • Monday - Friday, 8:00AM - 4:30PM

Locations:
  • 820 Follin Ln. Vienna, Virginia 22180
  • 5550 Heritage Oaks Dr. Pensacola, FL 32526

About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
  • FORTUNE 100 Best Companies to Work For® 2025
  • Yello and WayUp Top 100 Internship Programs
  • Computerworld® Best Places to Work in IT
  • Newsweek Most Loved Workplaces
  • 2025 PEOPLE® Companies That Care
  • Newsweek Most Trustworthy Companies in America
  • Military Times 2025 Best for Vets Employers
  • Best Companies for Latinos to Work for 2025
  • Forbes® 2025 America's Best Large Employers
  • Forbes® 2025 America's Best Employers for New Grads
  • Forbes® 2025 America's Best Employers for Tech Workers
  • 2025 RippleMatch Campus Forward Award Winner for Overall Excellence
  • Military.com Top Military Spouse Employers 2025
  • 2025 Handshake Early Talent Award

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at medicalaccommodations@navyfederal.org or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.
Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

What Navy Federal Credit Union employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom


Navy Federal Credit Union logo

About Navy Federal Credit Union

Sourced by ZipRecruiter

Navy Federal Credit Union, based in Vienna, Virginia, United States, is a significant player in the financial services industry. Their official website is navyfederal.org. With its roots dating back to 1933, it was initially established to provide credit to Navy members. Over the years, Navy Federal has magnified its scope, evolving into a full-service credit union serving all branches of the military, the Department of Defense, veterans, and their families. The company’s core values include integrity, service, education, and leadership. Navy Federal aims to be the most preferred and trusted financial institution serving the military and their families.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Vienna, VA, US

Year founded

1933