Director, Risk Model Validation na Godirect

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

Profile Summary:

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 role in enhancing model transparency, audit readiness, and risk-adjusted decision-making.

Profile Description:

The list that follows is not intended to be a comprehensive list; it is intended to provide a representative summary of the major duties and responsibilities. Incumbent(s) may not be required to perform all duties listed, and may be required to perform additional, position-specific tasks.  This includes:

• 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 Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

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. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s 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.

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

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

Learn more about Voya benefits (download PDF)

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills

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.