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Model Risk Governance Jobs in Virginia (NOW HIRING)

LPL Financial

AVP, AI Risk and Governance

Arlington, VA · On-site

$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 ...

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 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

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

Genworth Financial, Inc.

Actuary, Model Risk

Richmond, VA · On-site

$125 - $150/hr

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

Freddie Mac

Portfolio Risk Management Director

Mclean, VA · On-site

$200 - $250/hr

Work closely with other Enterprise Risk teams, including Credit, Model Risk, Compliance, and Third-Party Risk Management, to support end‑to‑end risk governance across credit, capital, model, and ...

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Model Risk Governance information

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$45

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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:

Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in Virginia as of September 2026, with employment types broken down into 100% Full Time. Highlights an 77% In-person, and 23% Hybrid job distribution, with an average salary of $94,270 per year, or $45.3 per hour.

AVP, AI Risk and Governance

Arlington, VA • On-site

LPL Financial Holdings, Inc.
Finance and Insurance • 1 - 5K employees
Learn more about LPL Financial Holdings, Inc.external

$117K - $195K/yr

Full-time

Medical, Retirement, PTO

Re-posted 12 days ago

LPL Financial rating

7.2

Company rating: 7.2 out of 10

Based on 74 frontline employees who took The Breakroom Quiz

129th of 154 rated financial services

Job description

Where Ambition Meets Innovation
Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you'll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.
Job Overview:
At LPL Financial, we are seeking a dynamic and highly analytical Assistant Vice President (AVP) to join our Artificial Intelligence (AI) Risk and Governance team. The AVP plays a key role in the enterprise AI governance program, accountable for assessing and overseeing AI risk across LPL's business functions, maintaining a robust and defensible governance framework, and collaborating across functions to enable responsible AI adoption at pace. This role involves managing and establishing AI governance frameworks, performing risk assessments, and ensuring compliance with regulatory requirements. With a strong analytical background, the AVP will collaborate with technology stakeholders to support a robust risk culture. 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, policies and standards in alignment with current and emerging regulatory landscape and frameworks.
  • Conduct risk assessments and gap analyses on AI solutions to identify and evaluate risks and ensure compliance with internal policies and external regulations.
  • Evaluate solutions for AI governance practices such as bias mitigation techniques and explainability methodologies.
  • Define and challenge control expectations for AI development and deployment, including cybersecurity and broader technology governance processes
  • Assist in establishing and overseeing AI risk governance frameworks, including control frameworks, governance standards, policy development and committee management.
  • Collaborate with cross functional teams to ensure AI models align with AI risk frameworks and requirements.
  • Ensure adherence to industry best practices, such as NIST AI Risk Management Framework, ISO AI standards as well as emerging AI regulations.
  • Produce and support the production of materials for executive-level risk and governance committees.
  • Coordinate across risk and business stakeholders to ensure framework consistency.
  • Support the creation of AI related training, communications and awareness campaigns.
  • Adapt to the evolving needs of business partners and changes within the Risk & Compliance organization.

What are we looking for?
We're looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.
Requirements:
  • Bachelor's degree in computer science, Engineering, Risk Management, Economics, Finance, or a related discipline.
  • 5-8+ years in risk management or compliance-related roles within financial services
  • Experience with AI Risk and Governance

Core Competencies:
  • Strong analytical skills, both quantitative and qualitative, with high attention to detail and accuracy. Advanced level understanding of AI technologies, models and operational risks in the use of AI systems.
  • Excellent written and verbal communication skills, with experience preparing executive-level presentations.
  • Strong problem-solving skills with the ability to evaluate business opportunities and results against established objectives.
  • Ability to drive change and facilitate critical thinking to create solutions for complex business challenges.
  • In-depth knowledge of AI-related regulations, standards and industry best practices, such as the NIST AI Risk Management Framework and ISO AI standards is preferred.

Preferences:
  • Relevant certifications such as Certified Information Systems Security Professional (CISSP), Certified Risk Management Professional (CRMP), or similar are a plus.

Pay Range:
$117,214.00 - $195,288.00
Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!
Company Overview:
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.
For further information about LPL, please visit www.lpl.com.
Join the LPL team and help us make a difference by turning life's aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant's bank or credit card. Should you have any questions regarding the application process, please contact LPL's Human Resources Solutions Center at (855) 575-6947.
EAC 5.19.26

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