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Chief Model Risk Officer Jobs (NOW HIRING)

The World Bank Group

Risk Officer

Washington, DC · On-site

For more information, visit www.worldbank.org VPU Context The WBG Chief Risk Officer Vice ... CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in ...

World Bank

Risk Officer

Washington, DC

For more information, visit www.worldbank.org VPU Context The WBG Chief Risk Officer Vice ... CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in ...

CUES TRAINING FACILITY

Chief Risk Officer

Oak Ridge, TN · On-site

$175K - $200K/yr

Chief Risk Officer Enrichment Federal Credit Union Oak Ridge, TN CHIEF RISK OFFICER Enrichment Federal Credit Union $972M Assets Oak Ridge, TN (On-site) Lead Risk. Shape Strategy. Enable Growth. The ...

African-American Credit Union Coalition

$175K - $200K/yr

The best Chief Risk Officers don't simply protect organizations; they help them move forward with confidence. Enrichment Federal Credit Union is seeking a strategic and collaborative Chief Risk ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

... the Chief Risk Officer in providing senior management and the Board with an enterprise view of ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA

... the Chief Risk Officer in providing senior management and the Board with an enterprise view of ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

... the Chief Risk Officer in providing senior management and the Board with an enterprise view of ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

Fortitude Re

VP, L&A Risk

Nashville, TN · Hybrid

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Fortitude Re

VP, L&A Risk

Jersey City, NJ · Hybrid

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

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All JobsChief Model Risk Officer Jobs

Chief Model Risk Officer information

See salary details

$99K

$191.8K

$384K

How much do chief model risk officer jobs pay per year?

As of Sep 11, 2026, the average yearly pay for chief model risk officer in the United States is $191,763.00, according to ZipRecruiter salary data. Most workers in this role earn between $168,500.00 and $190,500.00 per year, depending on experience, location, and employer.

What is a chief model risk officer?

Chief Model Risk Officers (CMROs) are senior executives responsible for overseeing and managing an organization’s model risk management framework. They ensure that all models used for decision-making, such as those for credit, market, and operational risk, are accurate, reliable, and compliant with regulatory standards. CMROs lead teams that validate models, assess their performance, and establish policies to mitigate risks associated with model errors or misuse. Their role is crucial in industries like banking and finance, where models play a significant part in risk assessment and strategic planning.

How does a chief model risk officer typically collaborate with other departments to ensure effective model governance?

A Chief Model Risk Officer (CMRO) frequently works with teams such as quantitative analysts, IT, compliance, and internal audit to establish and maintain comprehensive model governance frameworks. This collaboration ensures that all models used across the organization are properly validated, monitored, and comply with regulatory requirements. The CMRO often leads cross-functional committees, communicates risk assessments, and provides recommendations to senior management, fostering a culture of transparency and accountability in model use. Effective partnership with these departments is essential for identifying potential model risks early and implementing robust controls.

What are the key skills and qualifications needed to thrive as a chief model risk officer, and why are they important?

To thrive as a Chief Model Risk Officer, you need deep expertise in quantitative modeling, risk management, and regulatory compliance, usually supported by advanced degrees in finance, mathematics, or related fields. Familiarity with risk management frameworks, statistical software (such as SAS, R, or Python), and regulatory requirements like SR 11-7 is essential. Strong leadership, strategic thinking, and communication skills help drive effective governance and collaboration across departments. These competencies are crucial to ensure the integrity of models, mitigate financial risk, and maintain regulatory compliance within the organization.

What is the difference between Chief Model Risk Officer vs Quantitative Analyst?

AspectChief Model Risk OfficerQuantitative Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFADegree in mathematics, finance, or engineering; often CFA or CQF
Work EnvironmentSenior leadership, risk management departments, strategic decision-makingFinancial institutions, trading desks, model development teams
Industry UsageRegulatory compliance, risk oversight, model validation

The Chief Model Risk Officer focuses on overseeing and managing model risks at an organizational level, ensuring compliance and risk mitigation. In contrast, a Quantitative Analyst primarily develops and calibrates financial models to support trading, risk assessment, or investment decisions. While both roles require strong quantitative skills and relevant certifications, the Chief Model Risk Officer operates at a strategic, risk management level, whereas the Quantitative Analyst is more involved in model development and analysis.

What are popular job titles related to Chief Model Risk Officer jobs?

For Chief Model Risk Officer jobs, the most frequently searched job titles are:

Infographic showing various Chief Model Risk Officer job openings in the United States as of September 2026, with employment types broken down into 2% As Needed, 83% Full Time, 13% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $191,763 per year, or $92.2 per hour.

Risk Officer

Washington, DC • On-site

The World Bank Group
International Trade Financing • 1 - 5K employees
Learn more about The World Bank Groupexternal

Full-time

Posted 15 days ago

Job description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 130 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

VPU Context
The WBG Chief Risk Officer Vice Presidency (CROVP) is the core unit responsible for Group-wide institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management. Its mission is to enable and support the WBG to achieve its goals in a financially sustainable manner. The VPU assists management with identifying and managing Group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital.  The WBG CRO Vice Presidency includes the IBRD/IDA, IFC, and MIGA risk teams and covers a wide range of financial and non-financial risks.
CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. 

Duties and Accountabilities:
Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with stakeholders on appropriate remediation actions and follow-up plans.
Independently build, maintain, and enhance independent benchmark quantitative models using Python programming language, across areas such as economic capital, financial statement forecasting, credit risk, market risk and non-financial risk, supported by robust analytical data infrastructure, automated quality controls, and structured data storage to enable efficient, reproducible, and well-governed model development and validation.
Ensure the CROMR model analytics library remains robust, well tested, well documented, and current, with benchmark models maintained for on-demand execution and effective support of independent model validation and challenge.
Build and maintain good working relationships with model development/owners' teams to support the establishment, communication, and consistent application of model validation & governance standards.
Support model governance activities for models within the inventory, including assigning independent model risk ratings, monitoring validation status, assessing compliance with the framework requirements.
Contribute to strengthening awareness and understanding of the model governance environment across the World Bank Group through collaboration, communication, and engagement with relevant stakeholders.
Build and maintain external professional relationships and industry contacts to stay abreast of emerging practices and developments in model risk management and quantitative modelling.

Apply