Jobs › SR 11-7
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 (26)
Compliance - AML Manager
Senior AML Systems Business Analyst / Project Manager, Financial Crime Compliance (FCC)
Vice President, Financial Risk - Capital Markets Oversight
Senior Risk & Compliance - FRTB
GRC Manager
Lead Data Scientist, Credit Risk
Model Risk Manager
AI Business Consulting Lead- Wealth & Asset Management
Lead Compliance Risk Manager, Product Compliance - AI
Senior Staff Software Engineer - AI Governance
DWS Senior Risk Analyst – Model Validation
Senior Director, GRC
Senior AML Compliance Data Specialist
Senior Data Scientist - Risk ML
Head of Market & Liquidity Risk
Model Risk Management Specialist
Financial Model Risk Management Lead
Underwriting/Credit Model Risk Senior Manager - Machine Learning
AI Governance Specialist
Senior Market Risk Manager
Global Head of Data & AI Governance & Oversight, SVP
Quantitative Analytics Manager, Affirm Bank Model Governance
Group Product Manager, Compliance Agent Experience
Director AI Governance & Business Integration
VP, Risk Data & Analytics
VP, Chief Risk Officer
SR 11-7 jobs: what the market looks like right now
A snapshot built from the 26 SR 11-7 roles currently on this page.
What these roles pay
Of the 26 open SR 11-7 roles on this page, 11 publish a salary range. Across those:
- Median advertised midpoint: $228k
- Middle half of the market: $179k to $250k
- Full advertised range: $95k 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: 9 remote, 2 hybrid, 15 on-site or unstated.
- Seniority mix: senior (17), executive (5), director (2), mid (2)
- Employers hiring more than one: Mercury (4), Affirm (3), Capco (2)
Skills these postings ask for
- risk register ownership
- control self-assessment (RCSA)
- quantitative risk modeling
- 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 26 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.
Post a job Pricing from $99 · About GRC Careers · Hiring toolkit
All GRC jobs · Job alerts