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Model Risk Governance Jobs (NOW HIRING)

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

This role supports model lifecycle and risk governance through domain aware context engineering. Key Responsibilities * Design and optimize prompting and contextual structures to shape model behavior.

Guardianlife

Model Risk & Validation Lead

Bethlehem, PA · Hybrid

$103K - $169K/yr

Support the Head of Model Risk Governance through independent assessment and challenge of model assumptions within the Model Risk Management framework, including reasonableness, limitations ...

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How much do model risk governance jobs pay per hour?

As of Jul 9, 2026, the average hourly pay for model risk governance in the United States is $45.71, according to ZipRecruiter salary data. Most workers in this role earn between $14.90 and $72.12 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.

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Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in the United States as of July 2026, with employment types broken down into 95% Full Time, 3% Part Time, and 2% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $95,086 per year, or $45.7 per hour.

Model Risk - Investment Management

Nomura International

Philadelphia, PA • On-site

$160K - $190K/yr

Full-time

Medical, Retirement, PTO

Posted 13 days ago

Job description

Job Title: Model Risk - Investment Management
Corporate Title: Vice President
Department:Risk Management
Location:Philadelphia
The pay range for this position at commencement of employment is expected to be between $160,000 and $190,000 annually.
* (see below footnote for additional compensation and benefits information).
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
Aon's Benefit Index®, Nomura's benefits rank #1 amongst our competitors
Division Overview:
Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.
Role Description:
The Model Validation Group (MVG) is part of the Risk department and globally responsible for establishing Model Risk Management framework, independently validating the integrity and comprehensiveness of Models in the firm. MVG also develops measures of Model Risk; monitoring Model Risk vs. the firm's Model Risk Appetite and escalates model approval breaches.
We are seeking an experienced Vice President to join our Model Validation Group (MVG) with primary responsibility for reviewing and validating models utilized across the Investment Management Division (IMD), including Nomura Asset Management International. In this role, you will provide independent validation oversight for sophisticated quantitative models that are critical to our global investment management operations.
  • Conduct independent validation of complex models used in IMD covering quantitative investment strategies, index calculation including Quantitative Investment Strategies (QIS), automated execution, as well as models used in risk management and performance reporting.
  • Evaluate model conceptual soundness, ongoing monitoring framework, and model outcomes and appropriateness for intended use.
  • Document validation findings including risk-based assessment of model limitations and assumptions in detailed reports.
  • Present validation results and risk assessments to senior management, model risk governance committees, and business stakeholders.
  • Contribute to the establishment and promotion of model governance standards and best practices in IMD under Nomura Group's Model Risk Management framework.
  • Build collaborative partnerships with stakeholders while maintaining independent, principled challenge.

Skills, experience, qualifications and knowledge required:
  • 3+ years of experience at VP or equivalent level in model validation, quantitative analysis, portfolio management, or risk management; demonstrated expertise in investment management strongly preferred.
  • Master's degree or higher in Math, Statistics, Economics, or related quantitative discipline.
  • Expertise in at least one of the following areas:
    • Risk Models related to Var or Counterparty exposure
    • Pricing Models from one of the asset classes: Interest Rate/FX/Equity Derivatives/Credit
    • Quantitative investment management, asset allocation, and portfolio optimization
    • Risk management within asset management companies
    • Corporate valuation methods
    • Index calculation methodologies, including Quantitative Investment Strategies (QIS)
  • Advanced proficiency in Python, R, and/or VBA for quantitative modeling and analysis.
  • A team player with strong verbal and written communication skills.

Nomura Competencies
Explore Insights & Vision
  • Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions
  • Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People
  • Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability
  • Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion
  • Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, discretionary awards and eligibility for commissions for applicable sales roles in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired in the U.S., employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".
Nomura is an Equal Opportunity Employer

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