Head of Market Risk, Model Governance & Capital Planning

Digital Federal Credit Union; Chelmsford (MA); On-site; USD 285,000 - 325,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

401(k) matching

Paid time off + holidays

Employee pricing on lending products

Job summary

Digital Federal Credit Union seeks a Senior Vice President, Market Risk Management & Capital Planning to lead enterprise-wide oversight of model risk, AI governance, and capital planning, reporting to the Chief Risk Officer.

As a 2LOD executive, you will provide credible challenge to model development, ensure robust governance, and supervise stress testing and regulatory engagement across the organization. Location options include Hillsboro, OR or Marlborough, MA.

Qualifications

• Extensive experience in enterprise Market Risk Management and governance.
• Proven ability to lead diverse risk teams and strategic initiatives.
• Strong understanding of model risk, stress testing and capital planning.

Responsibilities

• Establish and maintain MRM framework with governance practices.
• Provide executive oversight of model lifecycle and risk reporting.
• Oversee AI governance, risk assessments, and explainability considerations.
• Lead capital planning, stress testing, and regulatory engagement.
• Deliver Board-level reporting on risk and capital adequacy.

Skills

Market Risk governance

Model risk management

AI governance

Regulatory engagement

Executive leadership

Stress testing oversight

Communication to Board

Leadership of teams

Education

Bachelor's degree relevant field

Advanced degree preferred

Tools

CECL/ACL

Regulatory frameworks

Job description

Digital Federal Credit Union seeks a Senior Vice President, Market Risk Management & Capital Planning to lead enterprise-wide oversight of model risk, AI governance, and capital planning, reporting to the Chief Risk Officer.

As a 2LOD executive, you will provide credible challenge to model development, ensure robust governance, and supervise stress testing and regulatory engagement across the organization. Location options include Hillsboro, OR or Marlborough, MA.