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SR 11-7 Model Risk Management Jobs
SR 11-7 is the US banking regulators' model risk management guidance, the foundation of model governance now extending to AI and machine learning.
SR 11-7, issued by the Federal Reserve and the OCC in 2011, is the supervisory guidance that defines model risk management for US banks. It treats every model as a source of risk and requires a full lifecycle around it: sound development, independent validation, ongoing monitoring, and governance with clear ownership and documentation. For a decade it governed credit, capital, and fraud models, and it is now the framework institutions stretch to cover machine-learning and generative-AI models moving into production.
As AI multiplies the number of models a firm relies on, SR 11-7 has become one of the most transferable skill sets in the field, the bridge between quantitative work and governance. Roles that cite it want people who can validate models independently, challenge assumptions, and prove to examiners that the models a firm bets on are sound.
SR 11-7: Frequently Asked Questions
What is SR 11-7?
SR 11-7 is 2011 supervisory guidance from the Federal Reserve and the OCC that establishes the standard for model risk management at US banking institutions.
What does SR 11-7 require?
A model risk management lifecycle: sound model development, independent validation, ongoing monitoring, and governance with clear ownership, documentation, and accountability.
Does SR 11-7 apply to AI and machine-learning models?
It was written for traditional models, but institutions increasingly apply its principles to machine-learning and generative-AI models, making it a foundation for AI model governance.
Open SR 11-7 GRC jobs (25)
Senior Consultant, WSP Support Model & Governance Delivery
Compliance Innovation & AI Lead
Model Governance Senior Analyst
Head of Financial Risk Management - Bitnomial
Model Risk Management Specialist
Underwriting/Credit Model Risk Senior Manager - Machine Learning
AI Governance Specialist
Senior Market Risk Manager
Global Head of Data & AI Governance & Oversight, SVP
Bank Compliance Technology Analyst
Financial Model Risk Management Lead
Quantitative Analytics Manager, Affirm Bank Model Governance
Group Product Manager, Compliance Agent Experience
Staff Program Manager, Compliance
Cyber AI Governance and Privacy Senior Consultant
Senior Manager - Data & AI Governance
Senior Manager, Data & AI Governance
Director AI Governance & Business Integration
VP, Risk Data & Analytics
VP, Chief Risk Officer
Risk Manager, AI & GenAI Model Risk
AVP, Automated Controls (AI Risk Focus)
Governance & Responsible AI Leader
Director, Risk Model Validation
Model Risk Management Lead, Machine Learning
SR 11-7 jobs: what the market looks like right now
A snapshot built from the 25 SR 11-7 roles currently on this page.
What these roles pay
Of the 25 open SR 11-7 roles on this page, 15 publish a salary range. Across those:
- Median advertised midpoint: $179k
- Middle half of the market: $135k to $243k
- Full advertised range: $81k to $338k
Computed from the live postings on this page, not from survey data, and recalculated every time the board refreshes. Roles without a published range are excluded.
Where the work is
- Work mode: 10 remote, 3 hybrid, 12 on-site or unstated.
- Seniority mix: senior (15), executive (4), mid (4), director (2)
- Employers hiring more than one: Affirm (5), GE Vernova (2), Kraken (2), Mercury (2)
Skills these postings ask for
- risk register ownership
- control self-assessment (RCSA)
- quantitative risk modelling
- scenario analysis and stress testing
- KRI design and monitoring
How to get a risk management job — the full career guide for this field: entry routes, transferable backgrounds, certifications and salary by level.
Certifications that come up most
None of these are universally required, but they appear often enough in SR 11-7 postings to be worth knowing: FRM, PRM, CRISC, CRMA. The certification academy covers what each one actually tests and who it is for.
Hiring for SR 11-7?
We have 25 open SR 11-7 roles on the board right now. Reach candidates who are already searching for this role, not a general audience. Your posting appears on this page, in the job alerts, and across the GRC Careers network.
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