Mondo
Base pay range
$160,000.00/yr - $180,000.00/yr About the Role
We are seeking a
Director of Model Risk Management (MRM)
to lead our model governance program and oversee end-to-end model risk validation processes. This role will manage a U.S.-based direct report and guide an offshore development team of three in India. The Director will be responsible for setting policies, procedures, and standards to ensure models are validated in line with regulatory guidelines, while driving strategic initiatives to strengthen the firm’s overall risk management posture. The ideal candidate combines
hands-on technical expertise in model validation
with strong leadership skills to build frameworks, manage teams, and communicate effectively with executives. Within the first year, this leader will also establish a Model Risk Committee with senior stakeholders to align risk tolerance and drive strategic decisions. Key Responsibilities
Lead the
Model Risk Management program , ensuring compliance with regulatory guidelines for model governance and validation. Manage a small U.S.-based team and
guide offshore developers
(India), planning workloads, reviewing deliverables, and providing direct feedback. Oversee and enhance the
validation pipeline : model testing, parameter checks, monitoring reports, and validation documentation. Define and implement
policies, procedures, and standards
for model risk management across the organization. Partner with senior stakeholders, including the CRO and cross-functional leaders, to establish a
quarterly Model Risk Committee
within the first year. Collaborate with offshore teams to ensure efficient, high-quality validation work and provide actionable input to streamline their tasks. Conduct R&D and support innovation in
LLM and foundational model adoption
(e.g., AWS SageMaker). Ensure clear and impactful communication of model risk findings to both technical and non-technical stakeholders. Qualifications
Must-Haves: 8+ years of experience in
Model Risk Management, Model Validation, or Quantitative Risk
roles. Proven leadership experience (Manager, Sr. Manager, or Director level) with a desire to step into a
strategic leadership role . Strong technical expertise in
Python, R, SQL, and AWS . Hands-on experience with
MRM and validation frameworks . Experience working with and managing
offshore teams . Ability to assess model quality, identify gaps, and provide direction for improvement. Nice-to-Haves: Experience implementing
Large Language Models (LLMs)
or foundational models with SageMaker. Computer Science or Engineering background. Prior experience in highly regulated industries (e.g., Financial Services, Insurance, Fintech). Medical, dental, vision, life insurance, 401(k) plans, paid time off, and equity awards, along with team-building activities like volunteer outings and educational opportunities such as financial health webinars and training sessions.
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$160,000.00/yr - $180,000.00/yr About the Role
We are seeking a
Director of Model Risk Management (MRM)
to lead our model governance program and oversee end-to-end model risk validation processes. This role will manage a U.S.-based direct report and guide an offshore development team of three in India. The Director will be responsible for setting policies, procedures, and standards to ensure models are validated in line with regulatory guidelines, while driving strategic initiatives to strengthen the firm’s overall risk management posture. The ideal candidate combines
hands-on technical expertise in model validation
with strong leadership skills to build frameworks, manage teams, and communicate effectively with executives. Within the first year, this leader will also establish a Model Risk Committee with senior stakeholders to align risk tolerance and drive strategic decisions. Key Responsibilities
Lead the
Model Risk Management program , ensuring compliance with regulatory guidelines for model governance and validation. Manage a small U.S.-based team and
guide offshore developers
(India), planning workloads, reviewing deliverables, and providing direct feedback. Oversee and enhance the
validation pipeline : model testing, parameter checks, monitoring reports, and validation documentation. Define and implement
policies, procedures, and standards
for model risk management across the organization. Partner with senior stakeholders, including the CRO and cross-functional leaders, to establish a
quarterly Model Risk Committee
within the first year. Collaborate with offshore teams to ensure efficient, high-quality validation work and provide actionable input to streamline their tasks. Conduct R&D and support innovation in
LLM and foundational model adoption
(e.g., AWS SageMaker). Ensure clear and impactful communication of model risk findings to both technical and non-technical stakeholders. Qualifications
Must-Haves: 8+ years of experience in
Model Risk Management, Model Validation, or Quantitative Risk
roles. Proven leadership experience (Manager, Sr. Manager, or Director level) with a desire to step into a
strategic leadership role . Strong technical expertise in
Python, R, SQL, and AWS . Hands-on experience with
MRM and validation frameworks . Experience working with and managing
offshore teams . Ability to assess model quality, identify gaps, and provide direction for improvement. Nice-to-Haves: Experience implementing
Large Language Models (LLMs)
or foundational models with SageMaker. Computer Science or Engineering background. Prior experience in highly regulated industries (e.g., Financial Services, Insurance, Fintech). Medical, dental, vision, life insurance, 401(k) plans, paid time off, and equity awards, along with team-building activities like volunteer outings and educational opportunities such as financial health webinars and training sessions.
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