Voya Financial
Overview
Director, Risk Model Validation role at Voya Financial. 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 critical in 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 Knowledge & Experience
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, 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). Demonstrate the ability to deal with multiple issues simultaneously and to handle ambiguity and accountability while not always being in direct control of all areas involved. Compensation & Benefits
The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Actual compensation offered may vary from the posted salary range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked. $166,310 - $207,890 USD Benefits
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 Financial 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. 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 Other job details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance and Sales Industries: Insurance and Financial Services
#J-18808-Ljbffr
Director, Risk Model Validation role at Voya Financial. 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 critical in 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 Knowledge & Experience
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, 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). Demonstrate the ability to deal with multiple issues simultaneously and to handle ambiguity and accountability while not always being in direct control of all areas involved. Compensation & Benefits
The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Actual compensation offered may vary from the posted salary range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked. $166,310 - $207,890 USD Benefits
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 Financial 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. 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 Other job details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance and Sales Industries: Insurance and Financial Services
#J-18808-Ljbffr