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Vice President Model Risk Management Jobs in Fairhaven, MA

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Vice President Model Risk Management information

See Fairhaven, MA salary details

$44K

$159.4K

$280.8K

How much do vice president model risk management jobs pay per year?

As of Aug 23, 2026, the average yearly pay for vice president model risk management in Fairhaven, MA is $159,406.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,400.00 and $192,300.00 per year, depending on experience, location, and employer.

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

AspectVice President Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees (e.g., MBA, PhD), certifications like FRM or CFABachelor's or Master's in finance, statistics, or related fields; certifications like FRM or CFA often preferred
Work EnvironmentStrategic leadership, cross-department collaboration, executive-level reportingAnalytical, detail-oriented work focused on model testing and validation
Employer & Industry UsageFinancial institutions, banks, asset managers, regulatory bodiesFinancial firms, risk management teams, model development groups

The Vice President Model Risk Management oversees the entire model risk framework, focusing on strategy, governance, and high-level risk assessment. In contrast, the Model Validation Analyst conducts detailed testing and validation of models to ensure accuracy and compliance. While both roles require strong quantitative skills and relevant certifications, the VP role is more strategic and managerial, whereas the analyst role is more technical and operational.

What does a Vice President Model Risk Management do?

A Vice President of Model Risk Management oversees the development, validation, and monitoring of financial models to ensure their accuracy and compliance with regulatory standards. They assess model risks, implement controls, and collaborate with teams to mitigate potential financial and operational impacts, often using tools like statistical software and risk management frameworks.

What are the most commonly searched types of Model Risk Management jobs in Fairhaven, MA?

The most popular types of Model Risk Management jobs in Fairhaven, MA are:

What job categories do people searching Vice President Model Risk Management jobs in Fairhaven, MA look for?

The top searched job categories for Vice President Model Risk Management jobs in Fairhaven, MA are:

What cities near Fairhaven, MA are hiring for Vice President Model Risk Management jobs?

Cities near Fairhaven, MA with the most Vice President Model Risk Management job openings:

Vice President Model Risk Management jobs near you

Retail Banking Compliance Manager, VP

BankFive

Fall River, MA • On-site

$106K - $181K/yr

Full-time

Re-posted yesterday

Job description

PURPOSE:

Responsible for enterprise-level oversight of compliance, operational risk, and administrative governance across the Retail Branch Network. This role ensures consistent adherence to regulatory requirements, internal policies, and operational standards across all branches, while supporting retail initiatives, reporting, and project execution.

Serves as the primary compliance leader for Branch Operations, driving accountability, audit readiness, and uniform execution across the network.


ESSENTIAL DUTIES AND RESPONSIBILITIES:

Branch Compliance Oversight (Primary Focus)

  • Develop and enforce branch-level controls, monitoring routines, and risk mitigation practices.
  • Provides 30/60/90-day scheduled updates on areas of opportunity. This includes, but not limited to, potential efficiencies, compliance concerns,
  • Lead compliance oversight across all branch locations, ensuring adherence to applicable laws, regulations, and internal policies.
  • In coordination with the compliance department, acts as the primary liaison for audits, regulatory exams, and compliance reviews, including preparation, coordination, and remediation.
  • Create program to test compliance soundness by conducting ongoing compliance monitoring (e.g., Reg CC reviews, signage, operational audits) and track resolution of exceptions.
  • Maintain and update Retail risk assessments, escalating issues and ensuring timely corrective action.
  • Partner with Risk, BSA, and Security teams to identify and mitigate fraud and compliance risks.

Retail Operations & Administration

  • Coordinate vendor relationships and system implementations impacting branch operations.
  • Promote standardization of procedures and documentation across the branch network.
  • Oversee branch reporting, exception tracking, and performance metrics.


Branch Support & Accountability

  • Partner with Area Managers and branch leadership to drive compliance accountability and ownership.
  • Provide guidance, training, and policy interpretation to ensure consistent execution.
  • Monitor and escalate compliance exceptions, ensuring timely resolution and follow-up.
  • Support branch staffing coordination and operational support needs.


Governance & Risk Management

  • In conjunction with Business Intelligence, establish compliance reporting, dashboards, and audit tracking.
  • Monitor customer complaints and regulatory issues, ensuring proper resolution.
  • Monitor operational errors, losses, and control effectiveness, driving process improvements.
  • Represent Retail on committees, projects, and cross-functional initiatives.


QUALIFICATIONS:

  • 5–7+ years of Retail Banking experience, including compliance, operations, or branch leadership.
  • Bachelor’s degree or higher in Business, Finance, Banking, or a related field preferred.
  • Preferred Compliance Certification
  • Strong knowledge of consumer banking regulations (BSA/AML, Reg CC, deposit compliance).
  • Experience with audits, regulatory exams, and risk management frameworks.
  • Proven project management and cross-functional leadership skills.
  • Strong communication, analytical, and organizational abilities.

EFFORT:

  • Drives consistent, visible compliance discipline across the branch network, reducing regulatory risk while enabling efficient, standardized retail operations.


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