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Model Risk Governance Jobs in Virginia (NOW HIRING)

LPL Financial

AVP, AI Risk and Governance

Arlington, VA · On-site +1

$117K - $195K/yr

The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...

Genworth

Actuary, Model Risk

Richmond, VA · On-site

$169K/yr

Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance * Improve the efficiency and efficacy of existing model risk management processes

Sallie_mae

Senior Director, Model Risk

Sterling, VA

Establish and enforce effective model governance policies, procedures, and standards. * Collaborate with cross-functional teams to develop and maintain model risk management policies and guidelines.

New

Genworth Financial

Actuary, Model Risk

Richmond, VA · On-site +1

$115K - $135K/yr

Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance * Improve the efficiency and efficacy of existing model risk management processes

Guidehouse

Model Validation Lead

Mclean, VA · On-site

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

Guidehouse

Model Validation Lead

Mclean, VA · On-site

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

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Model Risk Governance information

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$10

$45

$141

How much do model risk governance jobs pay per hour?

As of Jul 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 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 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:
Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in Virginia as of July 2026, with employment types broken down into 94% Full Time, 3% Part Time, and 3% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $94,270 per year, or $45.3 per hour.
Model Risk & Governance Director (McLean)

Model Risk & Governance Director (McLean)

Fairygodboss

Mclean, VA • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

Freddie Mac is seeking a Model Risk & Controls Manager to lead governance initiatives within the Investment & Capital Markets division. This role requires expertise in model governance and a commitment to enhancing risk management processes.

Candidates should have over 12 years of experience and demonstrated leadership capabilities. The position offers a competitive salary and the chance to make a significant impact in housing finance.

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