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Senior Model Risk Management Jobs in Virginia (NOW HIRING)

Quant Audit Manager

Richmond, VA

$102.90K - $135.10K/yr

Recommending improvements to model risk management systems and processes. b. Being knowledgeable of ... SR 11-7 regulatory guidance on model risk governance and oversight for various model types.

Overview Seeking a highly experienced Risk Management to provide executive-level technical support ... This senior-level position requires extensive experience in program integration, coordination, and ...

The Sr Risk Management Specialist role provides occupational risk assessment and risk management services in support of developing and retaining select clients aligned with the corporate vision and ...

Responsibilities The Sr Risk Management Specialist role provides occupational risk assessment and risk management services in support of developing and retaining select clients aligned with the ...

Provides risk guidance to senior leadership and reports and reports to Associate General Counsel-Risk Management. In addition to directing the Risk Management Department, this position is responsible ...

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Senior Model Risk Management information

What is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

What are the most commonly searched types of Model Risk Management jobs in Virginia? The most popular types of Model Risk Management jobs in Virginia are:
What are popular job titles related to Senior Model Risk Management jobs in Virginia? For Senior Model Risk Management jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Senior Model Risk Management jobs in Virginia look for? The top searched job categories for Senior Model Risk Management jobs in Virginia are:
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Enterprise Risk Analyst

Enterprise Risk Analyst

Burke & Herbert Bank & Trust

Alexandria, VA • On-site

Full-time

Posted 10 hours ago


Burke & Herbert Bank rating

5.6

Company rating: 5.6 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

131st of 141 rated banks


Job description

CLASSIFICATION: Non-exempt


REPORTS TO: Regulatory Affairs Manager


DATE: April 30, 2026



JOB DESCRIPTION

Summary/Objective

The Enterprise Risk Analyst supports the execution and continued evolution of the Company’s Enterprise Risk Management (ERM) program, with specific focus on regulatory readiness to support anticipated continued growth. Reporting to the Regulatory Affairs Manager, this role provides advanced analytical, governance and program support to ensure risk management frameworks, documentation and reporting are appropriately scaled to meet heightened supervisory, governance and infrastructure expectations. The Enterprise Risk Analyst plays a key role in supporting risk management activities, including policy management, risk assessments, risk appetite, model risk management, issues management, insurance and ERM governance processes, while contributing to the development and implementation of sustainable, repeatable risk management practices.


Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


General / Governance

  • Serve as a key contributor to the execution, enhancement and ongoing maturity of the Company’s Enterprise Risk Management (ERM) framework, in alignment with Federal Reserve supervisory expectations.
  • Support governance of the ERM program by ensuring risk management activities are well documented, repeatable and supported by effective challenge and escalation processes.
  • Prepare and review ERM Committee materials, including risk appetite statements, dashboards/scorecards and related analyses, to support informed decision‑making and effective Board‑level oversight.
  • Act as a knowledgeable ERM resource to business partners, providing guidance on risk frameworks, documentation standards and regulatory expectations.
  • Contribute to change management initiatives impacting risk frameworks, processes, or governance, ensuring continued alignment with supervisory expectations and internal standards.
  • Assist the Regulatory Affairs Manager with drafting, updating and implementing related policies, procedures and processes.


Tactical Execution

  • Support regulatory examination activities by coordinating and tracking requests for materials, documenting key steps in the examination lifecycle, taking meeting notes and tracking remediation of examination findings.
  • Partner with Business Lines to facilitate non‑financial risk assessments, including risk identification, control evaluation, effective challenge and remediation tracking.
  • Partner with the Regulatory Affairs Manager to design and implement a Risk and Control Self‑Assessment (RCSA) framework that supports risk transparency and supervisory readiness.
  • Assist in monitoring adherence to the risk appetite framework, including tracking and ongoing escalation of metric breaches, as appropriate.
  • Support issues management processes across multiple sources and departments, with a focus on sustainable remediation and timely closure.
  • Analyze risk data and trends to support proactive identification of emerging risks and enhancements to risk reporting.
  • Provide support for model risk management activities, including model identification, maintenance of model inventories, documentation standards, issue tracking and Management/Board reporting.
  • Support the Company’s Policy Management process by helping establish and maintain the Policy Inventory, coordinating with policy owners to ensure timely updates, answering questions related to policy governance requirements and supporting adherence to required Board approval processes and timeframes.
  • Support administration of the Company’s insurance program, including annual renewals, coverage documentation, claims tracking, and payments.


Skills/Abilities

  • Strong organizational and attention-to-detail skills.
  • Ability to analyze and synthesize information across multiple risk domains.
  • Excellent written and verbal communication skills.
  • Strong Microsoft Office skills (Excel, Word, PowerPoint).
  • Experience working with SharePoint or similar document management platforms.
  • Ability to manage multiple priorities and deadlines in a collaborative environment.
  • Working knowledge of enterprise risk management concepts, regulatory risk or financial services risk practices preferred.


Other Duties

  • Perform other duties as assigned.

Supervisory Responsibility

This position does not have supervisory responsibilities.


Work Environment

This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.


Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary.


Travel

Limited local travel may be required for this position.

Education and Experience

  • Related Bachelor’s Degree, or equivalent additional related experience, required; Master’s degree preferred.
  • Two years of experience in a risk management, compliance or a similar role in the financial services industry.
  • Risk management and/or regulatory management certifications preferred.



Equal Employment Opportunity/M/F/disability/protected veteran status


Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.