Senior Model Risk Management Jobs in Maryland (NOW HIRING)

Why Join GEICO?

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide.

Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. When you join our company, we want you to feel valued, supported, and proud to work here. That's why we offer the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers.

The Government Employees Insurance Company (GEICO) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. GEICO is a wholly owned subsidiary of Berkshire Hathaway and is the third largest auto insurer in the United States. In 2024, GEICO reported a record pretax underwriting profit of $7.8 billion against $43 billion in revenue.

Reporting to GEICO's Chief Compliance Officer "CCO", this role is essential for driving the strategic design, implementation, and oversight of our enterprise AI governance framework. The ideal candidate will have a proven ability to collaborate across divisions throughout the company, develop strong partnerships, and ensure that risk management practices are balanced with business strategy and company priorities.

Responsibilities

• Build and manage a team of AI governance professionals committed to leading and enhancing GEICO's model and AI governance program, including frameworks, policies and processes, to address emerging AI risks in alignment with existing and evolving regulatory requirements and industry best practices
• Partner with business leaders, technology teams, and legal and compliance stakeholders to embed responsible AI practices throughout the company
• Facilitate cross-functional collaboration to ensure AI initiatives are delivered with appropriate risk controls and in support of business goals
• Oversee and maintain a comprehensive model and AI inventory, ensuring all AI/ML models are tracked and managed throughout their lifecycle
• Assess and monitor AI-related risks, providing guidance on risk mitigation strategies and controls while enabling innovation and business growth
• Advise on AI system review processes and perform risk assessments to ensure ongoing compliance, transparency, and ethical standards
• Facilitate related committees/forums promoting transparency, collaboration, and accountability for AI-related initiatives
• Enhance and deliver communication and training to promote a culture of responsible AI use and awareness of governance requirements and AI risk management across the company
• Perform controls monitoring and testing to evaluate model performance in line with existing and emerging regulatory requirements
• Support audits, regulatory inquiries, and internal assessments as needed

Qualifications:

• Bachelor's or Master's degree in a relevant field (e.g., Computer Science, Data Science, Risk Management, Business Administration, Economics)
• A minimum of 10 years of Experience in compliance, risk management, and/or governance in AI, technology or data governance, with demonstrated technical understanding of and experience in assessing risk of AI/ML use cases, platforms, and models, including Generative AI
• Exceptional collaboration and partnership skills, with a proven track record of working effectively across multiple business units, technology and AI teams, and legal, compliance and risk functions
• Strong strategic focus in addressing evolving AI risks, including ability to balance sound risk management with business strategy and priorities, enabling both compliance and commercial success
• Deep understanding of AI technologies, regulatory frameworks impacting AI risk management and governance, and ethical considerations in AI development and deployment
• Excellent communication and leadership skills
• Experience designing and/or executing compliance testing, monitoring, audit, model risk assessments, or risk oversight or AI governance programs
• Experience in insurance, financial services, or other regulated industry preferred
  

Location:

• This is a hybrid role, on-site 3 days per week at our offices in Bethesda, MD; New York, NY; or Cleveland, OH.

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Annual Salary

$195,000.00 - $315,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company:Protecting customers through life's twists and turns with innovation and integrity.

Great Careers:Personalized development programs, mentorship, and certification assistance.

Great Culture:Inclusive and collaborative culture rooted in shared success.

Great Rewards:Competitive pay, benefits, and flexibility to support your well-being and future.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.