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Senior Model Risk Management Jobs in Philadelphia, PA

STV

Risk Management Specialist

Philadelphia, PA

$86K - $98K/yr

Perform cost and schedule uncertainty modeling, including Monte Carlo simulations, to evaluate ... Provide regular reporting on risk exposure, mitigation progress, and forecast impacts to senior ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · On-site

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

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All JobsSenior Model Risk Management JobsSenior Model Risk Management Jobs in Philadelphia, PA

Senior Model Risk Management information

See Philadelphia, PA salary details

$22.7K

$119.3K

$211.9K

How much do senior model risk management jobs pay per year?

As of Jun 14, 2026, the average yearly pay for senior model risk management in Philadelphia, PA is $119,333.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,300.00 and $146,300.00 per year, depending on experience, location, and employer.

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 Philadelphia, PA? The most popular types of Model Risk Management jobs in Philadelphia, PA are:
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What cities near Philadelphia, PA are hiring for Senior Model Risk Management jobs? Cities near Philadelphia, PA with the most Senior Model Risk Management job openings:
Senior Model Risk Management jobs near you
Head of Validation, Model Risk Management

Head of Validation, Model Risk Management

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Posted 14 days ago

Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 60 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services

Job description

Overview
The Head of Validation, Model Risk is a senior leadership role responsible for setting enterprise direction for model validation-delivering independent, risk-based oversight across a diverse portfolio of models spanning investment and risk management, fraud and compliance, finance and HR, and rapidly evolving Gen AI and agentic use cases. This role serves as the senior authority for model validation, setting the bar for defensible methodologies, rigorous challenge, and clear, decision-ready risk communication to senior leaders. The Head of Validation will strengthen model risk culture and lifecycle discipline across the enterprise-driving timely issue remediation, elevating validation quality and consistency, and ensuring Vanguard's practices remain aligned with regulatory and audit expectations.
Responsibilities
Leadership & Team Management
  • Leads a high-performing, multidisciplinary model validation team responsible for validating a diverse portfolio of models including investment and risk management, fraud and compliance, finance and HR, as well as Gen AI and Agentic use cases
  • Develop and mentor talent to promote strong technical capabilities and a high-quality validation process

Validation Oversight & Approval
  • Serve as the final approval authority for validation reports on higher-risk models
  • Ensure validation conclusions are robust, well-supported, and communicated clearly to stakeholders with varying levels of technical expertise

Model Risk Governance & Lifecycle Management
  • Oversee adherence to enterprise model lifecycle requirements-including model inventory accuracy, change management, ongoing monitoring, and issue remediation.
  • Drive timely resolution of model-related issues and non-compliance, escalating when necessary
  • Strengthen model-risk culture across the enterprise through targeted training, outreach, and proactive engagement with model owners and developers

Methodology & Practice Leadership
  • Define, maintain, and continually enhance the methodologies and test approaches used in model validation
  • Ensure comprehensive assessment of conceptual soundness, performance, data quality, implementation accuracy, and other model risk considerations
  • Lead the evolution of validation techniques for emerging modeling approaches, including LLM-enabled and agentic systems

Standards, Policies & Quality Assurance
  • Own the enterprise's model development and model validation standards, guidelines, procedures, and templates.
  • Establish and oversee quality assurance mechanisms-including peer review, thematic reviews, and consistency checks-to ensure embedment of high-quality validation practices.

Executive Reporting & Model Risk Insights
  • Deliver clear, actionable reporting on key model risks, model uncertainty, issue remediation, and emerging trends to senior committees and executives.
  • Support the development and enhancement of divisional and enterprise model-quality scorecards and contribute to the risk-appetite process

Senior Stakeholder, Regulatory & Audit Engagement
  • Serve as a primary point of contact for regulators, internal audit, and senior leaders on model validation related matters
  • Articulate validation rationales, modeling assumptions, and risk implications clearly and confidently to supervisory authorities and executive stakeholders.

Qualifications
  • Advanced degree in technical field (e.g. Master's or doctoral degree in quantitative discipline such as Mathematics, Statistics, or Economics).
  • 10+ years of experience across model development, model validation, and model risk management, including a minimum of five years leading multi-layered model validation teams.
  • Extensive experience with a broad range of model types, including machine learning/LLM-based models.
  • Deep knowledge of model-risk management principles and regulatory frameworks (e.g., SR26-2, SS1/23) and demonstrated experience engaging with regulators and internal audit.
  • Strong technical proficiency with programming languages and analytical tools such as Python, R, or C++, and familiarity with emerging technologies, AI governance, and modern model development practices.
  • Proven ability to translate complex technical concepts into clear, actionable insights for senior executives.
  • Exceptional written and verbal communication skills, including experience presenting to senior committees, executives, and regulatory bodies.
  • Demonstrated ability to partner with stakeholders to balance effective challenge, practical solutions, and business objectives.

Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

What Vanguard employees say

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