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Credit Risk Model Validation Jobs in Manhattan, NY

Barclays

AVP, Credit Risk Reporting

Whippany, NJ · On-site

Development and maintenance of a variety of risk reports, including credit, market, operational ... DCEM), Model Validation, Quantitative Analytics and other user groups), enabling successful ...

Gauntlet

Credit Risk Researcher

New York, NY · On-site +1

This is not a seat where you inherit a model and press run. You will define the underwriting ... validating that structural protections hold under tail conditions. * Maintain on-chain risk ...

Gauntlet

Credit Risk Researcher

New York, NY · On-site

This is not a seat where you inherit a model and press run. You will define the underwriting ... validating that structural protections hold under tail conditions. * Maintain on-chain risk ...

Made Card

Credit Risk Manager

New York, NY · Remote

$100K - $110K/yr

Model Decisioning: Build, own, and continuously improve credit risk models, decision thresholds, and cutoffs. * Portfolio Performance: Develop and monitor KPIs, analyze trends, and deliver actionable ...

Made Card

Credit Risk Manager

New York, NY · On-site

$100K - $110K/yr

Model Decisioning: Build, own, and continuously improve credit risk models, decision thresholds, and cutoffs. * Portfolio Performance: Develop and monitor KPIs, analyze trends, and deliver actionable ...

Biz2Credit

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Responsibilities Credit Decisioning Model Development * Develop and implement advanced credit risk models (rule-based, heuristic, and machine learning) to support underwriting and portfolio ...

Biz2Credit Inc

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Responsibilities Credit Decisioning Model Development * Develop and implement advanced credit risk models (rule-based, heuristic, and machine learning) to support underwriting and portfolio ...

BMO Financial

Director, Model Validation

Manhattan, NY · On-site

$150K - $261K/yr

Audit, Risk & Compliance Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model ...

Biz2Credit Inc

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Responsibilities Credit Decisioning Model Development * Develop and implement advanced credit risk models (rule-based, heuristic, and machine learning) to support underwriting and portfolio ...

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Showing results 21-40

All JobsCredit Risk Model Validation JobsCredit Risk Model Validation Jobs in Manhattan, NY

Credit Risk Model Validation information

See Manhattan, NY salary details

$40.8K

$125.7K

$218K

How much do credit risk model validation jobs pay per year?

As of Aug 17, 2026, the average yearly pay for credit risk model validation in Manhattan, NY is $125,682.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,000.00 and $155,100.00 per year, depending on experience, location, and employer.

What is credit risk model validation?

Credit risk model validation is the process of ensuring that models used to assess the creditworthiness of borrowers are accurate, reliable, and compliant with regulatory standards. This involves independent review and testing of the model's design, data, assumptions, and performance. The goal is to identify any weaknesses or limitations that could affect the model's ability to predict credit risk, reduce financial losses, and maintain regulatory compliance. Model validation is typically performed by specialists who are not involved in the model's development to ensure objectivity.

What are the key skills and qualifications needed to thrive in credit risk model validation, and why are they important?

To thrive in Credit Risk Model Validation, you need a strong background in quantitative finance, statistics, and risk management, usually supported by a relevant degree such as in mathematics, finance, or engineering. Familiarity with statistical programming languages (such as Python, R, or SAS), model validation frameworks, and regulatory guidelines like Basel accords is crucial. Attention to detail, critical thinking, and clear communication skills help you effectively analyze models and convey complex findings to stakeholders. These competencies are vital for ensuring accurate risk assessment, regulatory compliance, and the robustness of financial institutions' credit risk models.

What is the difference between Credit Risk Model Validation vs Credit Risk Analyst?

AspectCredit Risk Model ValidationCredit Risk Analyst
Primary FocusAssessing and validating the accuracy of credit risk modelsAnalyzing credit data to assess borrower risk and support lending decisions
Skills & CertificationsStatistical, quantitative skills; certifications like FRM or CFA often preferredFinancial analysis skills; relevant certifications like CFA or credit-specific training
Work EnvironmentQuantitative teams within risk management or model validation unitsCredit departments, lending teams, or risk management units

While both roles involve credit risk, Credit Risk Model Validation focuses on testing and validating models' accuracy, whereas Credit Risk Analysts evaluate individual creditworthiness to inform lending decisions. The validation role is more technical and model-focused, while analysts work directly with credit data and client assessments.

What are some common challenges faced by professionals in credit risk model validation roles?

Professionals in Credit Risk Model Validation often encounter challenges such as staying up-to-date with evolving regulatory requirements and ensuring models remain compliant. They must also navigate the complexities of validating models that use advanced statistical techniques or machine learning, which requires both technical expertise and a thorough understanding of the underlying business context. Additionally, clear communication with stakeholders—like model developers, auditors, and risk managers—is essential to address findings and recommend improvements effectively. Managing tight deadlines and balancing multiple validation projects simultaneously can also be demanding.

What are popular job titles related to Credit Risk Model Validation jobs in Manhattan, NY?

For Credit Risk Model Validation jobs in Manhattan, NY, the most frequently searched job titles are:

What job categories do people searching Credit Risk Model Validation jobs in Manhattan, NY look for?

The top searched job categories for Credit Risk Model Validation jobs in Manhattan, NY are:

Credit Risk Model Validation jobs near you
Infographic showing various Credit Risk Model Validation job openings in Manhattan, NY as of August 2026, with employment types broken down into 2% As Needed, 80% Full Time, 15% Part Time, and 3% Contract. Highlights an 88% Physical, 5% Hybrid, and 7% Remote job distribution, with an average salary of $125,682 per year, or $60.4 per hour.

Model Validation Analyst

Sumitomo Mitsui Financial Group, Inc.

White Plains, NY • Hybrid

$82K - $96K/yr

Full-time

Posted 16 days ago

Job description

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $82,000.00 and $96,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

Reporting to the Manager, Model Validation Group, the Model Validation Analyst plays an active role in the implementation and enhancement of Model Risk Management framework for the NYB and subsidiaries by performing independent validation of Credit Risk, Liquidity Risk, and capital stress testing models with the goals of enhancing model risk governance and improving model quality.

Role Responsibilities:
  1. Conducts model validation and model risk governance across SMBC businesses and group companies.
  2. Applies robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring.
  3. Develops and applies model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, monitoring and reporting.
  4. Develops and maintains documentation, work papers and professional reports of validation results.
  5. Communicates findings from validate work to management and stakeholders, including recommendations as appropriate.
  6. Summarize and present model validation results to model risk management committee.
  7. Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.
Qualifications and Skills

Master's Degree required (MA / MS / MBA) in Finance, Mathematics, Physics, Engineering, Computer Science or related quantitative field.
Academic and/or professional knowledge in derivative pricing (particularly interest rate and FX products), knowledge of market risk or liquidity risk models is a plus.
Strong analytical skills, both quantitative and qualitative.
Proficiency in programming, especially Python.
Ability to solve complex problems, to learn quickly and to support multiple cross-functional efforts.
Effective interpersonal and leadership skills, strong communication, especially written skills.

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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