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Vice President Model Risk Management Jobs (NOW HIRING)

Centra

VP Risk & Compliance Solutions

Columbus, IN · On-site

$117K - $157K/yr

The VP Risk Compliance Solutions is responsible for ensuring that the Credit Union maintains a ... Model Risk Management Program, Physical Security Program, and Corporate Insurance coverage.

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Vice President Model Risk Management information

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$43.5K

$157.5K

$277.5K

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

As of Jul 8, 2026, the average yearly pay for vice president model risk management in the United States is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $190,000.00 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 cities are hiring for Vice President Model Risk Management jobs? Cities with the most Vice President Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Vice President Model Risk Management jobs? States with the most job openings for Vice President Model Risk Management jobs include:
What job categories do people searching Vice President Model Risk Management jobs look for? The top searched job categories for Vice President Model Risk Management jobs are:
Vice President Model Risk Management jobs near you
Infographic showing various Vice President Model Risk Management job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.
VP Risk & Compliance Solutions

VP Risk & Compliance Solutions

Centra

Columbus, IN • On-site

$117K - $157K/yr

Full-time

Re-posted 18 days ago

Job description

Thank you for your interest in a career with Centra. A career at Centra Credit Union is more than a job; it is an opportunity to make a meaningful impact in our Members' financial lives and our communities. Centra was established in 1940 and is headquartered in Columbus, Indiana. Centra is ranked among the largest credit unions in Indiana and among the most financially sound institutions in the United States. Centra serves Membership throughout central and southern Indiana as well as other areas like Jamestown, NY, and Whitakers, NC. Centra Team Members enjoy excellent benefits, an atmosphere that fosters family and work-life integration, a heritage of strong values, a high level of Team Member engagement in the achievement of results, and the opportunity for growth with the Centra Family. Credit Unions are Not for Profit, Not for Charity, But for Service. If these are the things that matter to you then please read on, we look forward to hearing from you.
Centra Credit Union has an exciting opportunity for a Vice President (VP) of Risk and Compliance Solutions in Columbus, Indiana. The VP Risk Compliance Solutions is responsible for ensuring that the Credit Union maintains a culture of risk awareness and compliance through effective management of a functional risk management framework and oversight of the Compliance Management System.
At Centra, we approach compensation with care and integrity, ensuring our pay practices reflect local markets while honoring our commitment to our Team Members. Compensation is just one part of our total rewards approach. Eligible positions also offer a comprehensive benefits package designed to support you and your family.
Spanish/English interpreters may be eligible for an interpreting differential.
ESSENTIAL FUNCTIONS: This position may be required to perform additional duties as requested. Reasonable accommodations may be made to enable individuals with disabilities to perform.
  • Evaluates the maturity of Centra's Enterprise Risk Management (ERM) Program and guides improvements to increase maturity. Facilitates the identification, analysis, and monitoring of risks across all risk categories.
  • Performs testing, tracks, and monitors issues, and prepares reports for management and the Enterprise Risk Committee (ERC) of the Board of Directors.
  • Oversees coordination and completion of program and process risk assessments and recommends control improvements with accuracy and diplomacy.
  • Coordinates quality assurance reviews, including scope and frequency of reviews. Identifies gaps or quality assurance issues and recommends improvements to processes or internal controls. Facilitates discussions on risk management.
  • Collaborates as a strategic partner to Senior Management in determining and recommending risk appetite. Maintains and revises Risk Appetite Statement and presents recommendations to ERC.
  • Consults with Senior Management and Lines of Business regarding all aspects of Risk and Compliance Management including, but not limited to, new products and services, new regulatory requirements, policies, guidelines, and procedures. Manages policy development and maintenance for Board level policies.
  • Leads Risk Management and Compliance Teams. Ensures processes within the departments maximize efficiency while strengthening effectiveness. Leadership duties include performance management, training, and development, and demonstrating and cultivating Centra's Vision, Mission, Culture, and Core Values.
  • Oversees and provides guidance for the Compliance Management System, BSA Program, Vendor Management Program, Model Risk Management Program, Physical Security Program, and Corporate Insurance coverage.
  • Serves as management liaison for ERC and ensures timely, accurate sharing of information and board communications. Prepares and presents Risk Reports to Senior Management and the ERC. Chairs Management Risk Committee (MRC). Conducts MRC meetings, guides dashboard content, and facilitates risk and compliance discussions. Participates in various Credit Union committees, including serving as Back-Up Disaster Recovery Coordinator as part of the Business Continuity Plan.
  • Oversees exam process, including preparation and serving as primary liaison. Coordinates collection and submission of documentation, examiner discussions, and dissemination of final exam report. Assigns exam findings to appropriate lines of business for remediation. Collaborates with management to ensure all exam findings have appropriate action plans and reasonable timelines for completion.
  • Participates in Credit Union projects and initiatives to support strategic goals. Provides consultation and expertise to project leaders and evaluates projects for regulatory and risk implications.
  • Maintains necessary level of education to effectively manage areas of responsibility and retain certifications. Maintains knowledge of products, services, and procedures of the credit union to ensure good working knowledge to accurately access risk.

EDUCATION & EXPERIENCE - (Equivalent combination of Education & Experience will be considered.)
  • Bachelor's Degree in Related Field
  • Eight years to 10 years of similar or related experience, including preparatory experience

Centra is an Equal Opportunity Employer.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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