As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
Director Enterprise Model Risk Governance
Mclean, VA · On-site
$200 - $250/hr
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
Director Enterprise Model Risk Governance
Mclean, VA · On-site
$200 - $250/hr
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the ...
Lead, Enterprise Model Risk Governance
Mclean, VA · On-site
$150 - $200/hr
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
Lead, Enterprise Model Risk Governance
Mclean, VA · On-site
$150 - $200/hr
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
As a member of the second line of defense, you will help strengthen model governance and model risk management practices across the enterprise. You will partner closely across Enterprise Risk, model ...
Model Risk Senior Lead
Mclean, VA · On-site
$150 - $200/hr
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Model Risk Senior Lead
Mclean, VA · On-site
$150 - $200/hr
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Model Risk Senior Lead
Mclean, VA · On-site
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Model Risk Senior Lead
Mclean, VA · On-site
Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness * Monitor and report on the risk and control profile, model risk appetite ...
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Develop and mature model governance operations for EO&T division to promote robust model governance ... Execute risk mitigant processes to support compliance with model and AI governance requirements
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Support the creation and maintenance of model risk management policies, procedures, standards, and ... Experience serving as a model governance subject matter expert or providing project-based ...
Evaluate model performance monitoring, change management, ongoing review, and governance practices for alignment with the Model Risk Management framework and applicable regulatory expectations.
Evaluate model performance monitoring, change management, ongoing review, and governance practices for alignment with the Model Risk Management framework and applicable regulatory expectations.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
IT Risk Technical Lead
Mclean, VA · On-site
Develop and operationalize scalable model governance processes within EO&T division to promote ... Execute risk mitigation processes to ensure compliance with model and AI governance requirements
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
Model Risk Governance information
See Virginia salary details
$16.52 is the 25th percentile. Wages below this are outliers.
$10.01 - $21.95
46% of jobs
The median wage is $24.46 / hr.
$21.95 - $33.89
20% of jobs
$33.89 - $45.82
3% of jobs
$56.06 is the 75th percentile. Wages above this are outliers.
$45.82 - $57.76
7% of jobs
$57.76 - $69.70
0% of jobs
$69.70 - $81.64
7% of jobs
$81.64 - $93.57
13% of jobs
$93.57 - $105.51
2% of jobs
$105.51 - $117.45
0% of jobs
$117.45 - $129.39
1% of jobs
$129.39 - $141.32
1% of jobs
$10
$45
$141
How much do model risk governance jobs pay per hour?
As of Sep 9, 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 is a model risk governance?
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 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 are the key skills and qualifications needed to thrive in a model risk governance role?
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 are popular job titles related to Model Risk Governance jobs in Virginia?
For Model Risk Governance jobs in Virginia, the most frequently searched job titles 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:
Director Enterprise Model Risk Governance
Mclean, VA • On-site
Freddie Mac •
Finance and Insurance • 5 - 10K employees5,001 - 10,000 employees
Full-time
Posted 7 days ago
Freddie Mac rating
9.2
Based on 5 frontline employees who took The Breakroom Quiz
Job description
At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
This role sits at the center of Freddie Mac's enterprise model risk oversight, shaping how the company manages model risk across the business lines.
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the business divisions to manage model risk. The position offers high visibility, meaningful influence on enterprise outcomes, and the opportunity to innovate in model and AI/ML governance, risk system build-out, and risk control optimization while developing and leading talent in a fast-paced environment.
Our Impact:
The Enterprise Model Risk (EMR) team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company's model risk.
Together, we:
Your Impact:
Director, Enterprise Model Risk Governance, an influential leader at Freddie Mac, you will:
Qualifications:
Keys to Success in this Role:
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $162,000 - $242,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
Position Overview:
This role sits at the center of Freddie Mac's enterprise model risk oversight, shaping how the company manages model risk across the business lines.
As a people manager, you'll strengthen model governance and model risk management. You'll partner closely across Enterprise Risk including Financial Risk and Non-Financial Risk areas, and the business divisions to manage model risk. The position offers high visibility, meaningful influence on enterprise outcomes, and the opportunity to innovate in model and AI/ML governance, risk system build-out, and risk control optimization while developing and leading talent in a fast-paced environment.
Our Impact:
The Enterprise Model Risk (EMR) team within the Enterprise Risk Division is responsible for oversight and effective challenge of the company's model risk.
Together, we:
- Establish governance, policies, and standards that define how the company manages model risk to support safety and soundness
- Monitor and report on the risk and control profile, model risk appetite, and performance of risk indicators and metrics against thresholds and limits
- Communicate enterprise-wide model risk management issues and validation findings and monitor effective and timely issue/finding resolution
- Provide timely and independent oversight and effective challenge of the company's model risk management practices
- Execute an integrated oversight plan in collaboration with Financial Risk and other Non-Financial Risk areas to support the Chief Risk Officer in providing senior management and the Board with an enterprise view of risks
Your Impact:
Director, Enterprise Model Risk Governance, an influential leader at Freddie Mac, you will:
- Provide second line of defense governance and oversight across the enterprise model risk management framework
- Lead model governance activities to promote consistent application of model risk policies, standards, procedures, and governance requirements across business lines
- Partner with model owners, model developers, validators, and risk partners to support sound model lifecycle management, including model development, implementation, use, change management, performance monitoring, validation, and retirement
- Support the development of model risk management tools and systems by partnering with business, technology, and operations teams on business requirements, workflow design, user acceptance testing, and implementation readiness
- Contribute to enhancements in model risk systems, workflows, and reporting capabilities to improve transparency, traceability, and oversight effectiveness
- Build strong partnerships with first line counterparts and across Enterprise Risk to strengthen model risk management practices and governance outcomes
- Monitor industry trends, regulatory developments, and emerging practices in model risk management and AI/ML governance to inform program improvements
- Identify opportunities for streamlining, optimizing and automating model risk processes and controls.
- Develop, coach, and lead team members while fostering a culture of accountability, collaboration, and continuous improvement
Qualifications:
- At least 12 years of experience in model risk management, model governance, model validation, quantitative risk management, or related functions within a large, complex financial institution
- Bachelor's degree required; Master's degree preferred in finance, economics, engineering, data science, or a related field
- Proven leader with a track record of building, leading, and scaling high performing teams in complex organizations
- Strong understanding of model risk management principles and regulatory expectations, including SR 11-7, 26-2 and FHFA model AB
- Demonstrated experience in second line of defense model governance or model risk oversight within the financial services industry
- Strong knowledge of model lifecycle practices, including model development, implementation, use, performance monitoring, change management, validation, and model retirement
- Experience working with model risk management tools or systems, including business requirements development, workflow design, user acceptance testing, implementation support, or product ownership responsibilities
- Understanding of key model types used in financial institutions, such as credit risk, loss forecasting, capital, valuation, pricing, fraud, underwriting, or decision models
- Ability to provide effective challenge and independent oversight while building constructive partnerships with first line business and modeling teams
- Experience supporting governance forums, management reporting, and communication of model risk issues to senior stakeholders
- Familiarity with model risk systems, governance workflows, and enterprise model risk management
- Strong leadership, decision-making, and organizational skills, with the ability to manage multiple priorities in a fast-paced environment
- Excellent verbal and written communication skills with the ability to communicate complex model risk concepts clearly to a variety of audiences, including senior management and regulators
Keys to Success in this Role:
- Effective collaboration to build trust and increase efficiency across the three lines, including the business and Finance Divisions, Enterprise Risk Division, and Internal Audit
- Ability to communicate effectively and efficiently
- Ability to prioritize across multiple competing tasks, manage teams effectively, and deliver timely, high-quality, and well-documented oversight outcomes
- Strong organization skills, analytical mindset, and ability to work in a fast-paced environment against tight deadlines
- Remain current on the latest financial risk management developments, regulations, and industry trends
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $162,000 - $242,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
About Freddie Mac
Sourced by ZipRecruiter
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
McLean, VA, US
Year founded
1970