SVP, Market Risk, AI Governance & Capital Planning

First Tech Federal Credit Union; Marlborough (MA); On-site; USD 285,000 - 325,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) match

Paid time off

Paid holidays

Employee pricing on lending products

Job summary

First Tech Federal Credit Union seeks a Senior Vice President to lead Market Risk Management & Capital Planning, establishing enterprise governance for model risk, AI oversight, and capital planning. Reporting to the CRO, you’ll provide credible challenge as a 2LOD executive, guiding risk measurement, governance, and regulatory engagement.

Based in Marlborough, MA or Hillsboro, OR, the role commands a target compensation of $285k–$325k plus an annual bonus.

Qualifications

• Minimum 12 years’ experience within an enterprise Market Risk Management framework.
• Minimum 10 years’ experience as a people leader, leading a diverse team.
• Deep expertise in Market Risk Management frameworks and lifecycle governance.
• Strong knowledge of regulatory expectations (NCUA, FFIEC, model risk guidance).

Responsibilities

• Establish, maintain, and continuously enhance the enterprise Market Risk Management framework including policies, standards, procedures, and governance practices.
• Provide executive oversight of the full model lifecycle, including model inventory, validation, performance monitoring, assumptions, limitations, and issue management.
• Ensure model risk governance supports credit, market, liquidity, interest rate, operational, and capital risk assessments across the enterprise.
• Deliver independent challenge to model development, usage, and outputs, including forecasting, stress testing, and decision-support models.
• Establish AI governance framework, including usage standards, risk assessments, and controls related to explainability, bias, and ethics.
• Monitor AI and advanced analytics governance for regulatory alignment and institutional values.
• Oversee capital planning & stress testing, including scenario analysis and regulatory engagement.
• Provide independent oversight of capital planning framework, stress testing methodologies, and risk indicators.
• Advise leadership on capital resilience and vulnerabilities under adverse scenarios.
• Deliver Board-level reporting on model risk exposure and regulatory engagement.
• Serve as regulatory liaison for model risk and capital planning, ensuring exam readiness.

Skills

MRM framework

People leadership

Quantitative modeling

AI/ML governance

Regulatory knowledge

Independent challenge

Executive communication

Analytics translation

Technical leadership

ERM capabilities

Education

Bachelor's degree (or 4 years relevant experience)

Advanced degree preferred

Job description

First Tech Federal Credit Union seeks a Senior Vice President to lead Market Risk Management & Capital Planning, establishing enterprise governance for model risk, AI oversight, and capital planning. Reporting to the CRO, you’ll provide credible challenge as a 2LOD executive, guiding risk measurement, governance, and regulatory engagement.

Based in Marlborough, MA or Hillsboro, OR, the role commands a target compensation of $285k–$325k plus an annual bonus.