Voya Financial
Director Enterprise Model Validation
Voya Financial, Charleston, South Carolina, United States, 29408
Overview
The Director of Model Validation sits within the Risk Organization and will be responsible for leading the independent validation of all models across the enterprise, including financial, non-financial, business-owned applications (BOAs), and AI/ML models. This role ensures that model risk is effectively identified, assessed, and mitigated in alignment with regulatory expectations and internal governance standards. The role is a critical part of enhancing model transparency, audit readiness, and risk-adjusted decision-making. Responsibilities
Model Validation Oversight: Direct and execute the enterprise-wide model validation program, ensuring all models are validated according to their risk tier and regulatory requirements. Governance & Frameworks: Develop and maintain a formalized, risk-based model validation framework, including policies, procedures, and documentation standards. AI/ML Model Review: Establish and oversee validation protocols for AI/ML models, including annual validation cycles and evolving regulatory guidance. Team Leadership: Manage a small team of validation analysts including those dedicated to AI/ML and non-AI models. Stakeholder Engagement: Collaborate with model owners, business units, internal audit, compliance, and IT to ensure timely and effective validations. Regulatory Interface: Support regulatory exams and ORSA reporting by providing validation evidence, schedules, and governance documentation. Platform Integration: Oversee the use of centralized validation platforms (e.g., Riskonnect) to streamline workflow, documentation, and audit tracking. Build strong relationships and collaborate effectively on cross-functional teams. Perform other related duties as assigned. Qualifications
Masters/PhD degree in mathematics, statistics, finance, data science, or a related field. 10+ years of experience in model risk management, validation, or quantitative analytics within financial services or insurance. Proficiency with programming languages such as Python, R, and statistical modeling software. Deep understanding of model governance, regulatory expectations (e.g., SR 11-7, NAIC Model Risk Guidance), and validation best practices. Familiarity with AI/ML model validation and emerging regulatory frameworks. Outstanding attention to detail, problem solving abilities, strong leadership, communication, and stakeholder management skills. Proficiency with model documentation tools and governance platforms (e.g., Riskonnect, Archer). Ability to manage multiple issues simultaneously and to handle ambiguity and accountability even when not in direct control of all areas involved. Compensation and Benefits
The salary range below reflects the expected hiring range for this position in the listed location. In addition to base salary, Voya offers incentive opportunities based on role and performance. Actual compensation may vary based on geographic location, experience, education, licensure requirements, and skill level. Salary range:
$166,310 - $207,890 USD What We Offer
Health, dental, vision and life insurance plans 401(k) Savings plan – with generous company matching contributions (up to 6%) Voya Retirement Plan – employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day Paid volunteer time — 40 hours per calendar year Equal Employment Opportunity
Voya Financial is an equal-opportunity employer. Voya provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law. Reasonable Accommodations
Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities. Misuse of Voya's name in fraud schemes.
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The Director of Model Validation sits within the Risk Organization and will be responsible for leading the independent validation of all models across the enterprise, including financial, non-financial, business-owned applications (BOAs), and AI/ML models. This role ensures that model risk is effectively identified, assessed, and mitigated in alignment with regulatory expectations and internal governance standards. The role is a critical part of enhancing model transparency, audit readiness, and risk-adjusted decision-making. Responsibilities
Model Validation Oversight: Direct and execute the enterprise-wide model validation program, ensuring all models are validated according to their risk tier and regulatory requirements. Governance & Frameworks: Develop and maintain a formalized, risk-based model validation framework, including policies, procedures, and documentation standards. AI/ML Model Review: Establish and oversee validation protocols for AI/ML models, including annual validation cycles and evolving regulatory guidance. Team Leadership: Manage a small team of validation analysts including those dedicated to AI/ML and non-AI models. Stakeholder Engagement: Collaborate with model owners, business units, internal audit, compliance, and IT to ensure timely and effective validations. Regulatory Interface: Support regulatory exams and ORSA reporting by providing validation evidence, schedules, and governance documentation. Platform Integration: Oversee the use of centralized validation platforms (e.g., Riskonnect) to streamline workflow, documentation, and audit tracking. Build strong relationships and collaborate effectively on cross-functional teams. Perform other related duties as assigned. Qualifications
Masters/PhD degree in mathematics, statistics, finance, data science, or a related field. 10+ years of experience in model risk management, validation, or quantitative analytics within financial services or insurance. Proficiency with programming languages such as Python, R, and statistical modeling software. Deep understanding of model governance, regulatory expectations (e.g., SR 11-7, NAIC Model Risk Guidance), and validation best practices. Familiarity with AI/ML model validation and emerging regulatory frameworks. Outstanding attention to detail, problem solving abilities, strong leadership, communication, and stakeholder management skills. Proficiency with model documentation tools and governance platforms (e.g., Riskonnect, Archer). Ability to manage multiple issues simultaneously and to handle ambiguity and accountability even when not in direct control of all areas involved. Compensation and Benefits
The salary range below reflects the expected hiring range for this position in the listed location. In addition to base salary, Voya offers incentive opportunities based on role and performance. Actual compensation may vary based on geographic location, experience, education, licensure requirements, and skill level. Salary range:
$166,310 - $207,890 USD What We Offer
Health, dental, vision and life insurance plans 401(k) Savings plan – with generous company matching contributions (up to 6%) Voya Retirement Plan – employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day Paid volunteer time — 40 hours per calendar year Equal Employment Opportunity
Voya Financial is an equal-opportunity employer. Voya provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law. Reasonable Accommodations
Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities. Misuse of Voya's name in fraud schemes.
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