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Head Of Model Risk Management Jobs in California

Earnest

Senior Model Risk Manager

San Francisco, CA · On-site

$203K - $250K/yr

The Sr Model Risk Manager will report to the Head of Credit Risk. As the Sr Model Risk Manager, you will: * Own and evolve Earnest's Model Risk Management framework, ensuring our credit, loss ...

BNY

Vice President, Model Risk Management

Los Angeles, CA · On-site +1

$129.50K - $179K/yr

The Bank of New York Mellon seeks Vice President, Model Risk Management II in Los Angeles, CA, to contribute to highly visible enterprise-wide model development function in the organization. Make ...

Sunflower Bank, N.A.

Model Risk Analyst

Irvine, CA · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department ... Monitor the end-to-end issues management lifecycle of findings resulting from model validations ...

Capgroup

AI Risk Specialist

Los Angeles, CA

$106.10K/yr

... Global Head of Technology and AI Risk and is responsible for delivering risk oversight of AI ... Management Framework. * Strong working knowledge of Agentic/GenAI/ML fundamentals, risk and model ...

Poshmark

Head of Fraud & Risk

Redwood City, CA · On-site

$186.10K - $311.75K/yr

Poshmark is seeking an experienced and strategic Head of Fraud & Risk to lead our efforts in ... Identify, evaluate, and manage relationships with third-party risk and fraud service providers.

Poshmark

Head of Fraud & Risk

Redwood City, CA

$186.10K - $311.75K/yr

Poshmark is seeking an experienced and strategic Head of Fraud & Risk to lead our efforts in ... Identify, evaluate, and manage relationships with third-party risk and fraud service providers.

The TCW Group

Risk Lead

Los Angeles, CA · On-site

$200K - $250K/yr

Reporting to the Global Head of Investment Risk, this individual will oversee the identification ... Lead TCW's portfolio risk management function, ensuring adherence to the firm's risk appetite and ...

OpenAI

Head of Industries

San Francisco, CA · On-site

$385K - $405K/yr

Build a high-accountability leadership operating model with strong inspection rhythms, talent ... risk management and long-term platform adoption. * Establish rigorous forecasting, pipeline ...

Synchrony Financial

Experience collaborating with Model Risk Management, Compliance, and Risk functions is a plus ... Strong understanding of model evaluation metrics such as precisions, recall, F1 and understanding ...

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Head Of Model Risk Management information

See California salary details

$53.3K

$141.3K

$256.6K

How much do head of model risk management jobs pay per year?

As of Jun 1, 2026, the average yearly pay for head of model risk management in California is $141,310.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,100.00 and $165,300.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Head Of Model Risk Management, and why are they important?

To thrive as a Head Of Model Risk Management, you need deep quantitative expertise, advanced knowledge of risk management frameworks, and a strong background in finance or mathematics, often supported by advanced degrees such as a PhD or MSc. Familiarity with statistical software (like Python, R, or SAS), model validation tools, and regulatory compliance systems is typically required. Exceptional leadership, communication, and critical thinking skills are essential for effectively managing teams and presenting complex risk issues to stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and sound decision-making within financial institutions.

What are the main challenges faced by a Head of Model Risk Management in maintaining regulatory compliance?

A Head of Model Risk Management often faces the challenge of keeping up with evolving regulatory expectations and ensuring that all models used within the organization are compliant. This involves constantly monitoring regulatory updates, coordinating with various departments to implement necessary changes, and maintaining detailed documentation for audit purposes. Additionally, the role requires balancing the need for innovation in modeling techniques with the necessity of robust risk controls and transparent validation processes. Regular communication with risk, compliance, and audit teams is essential to address these challenges effectively.

What does a Head of Model Risk Management do?

A Head of Model Risk Management oversees the processes and teams responsible for identifying, assessing, and mitigating risks associated with financial and predictive models used within an organization. This role involves establishing and maintaining model risk frameworks, ensuring regulatory compliance, and leading model validation activities. They also coordinate with other departments to ensure the effective management and governance of all models, providing guidance on best practices and emerging risks. Ultimately, their goal is to minimize model-related losses and support sound decision-making across the business.

How much does a head of risk make?

A Head of Model Risk Management typically earns between $150,000 and $250,000 annually, depending on the size of the organization, location, and experience. Senior roles may include bonuses and benefits, and strong expertise in risk modeling, regulatory standards, and leadership are often required.

What is the difference between Head Of Model Risk Management vs Model Validation Manager?

AspectHead Of Model Risk ManagementModel Validation Manager
Primary FocusOversees overall model risk framework, governance, and strategyConducts independent validation and testing of models
ResponsibilitiesRisk oversight, policy development, senior stakeholder communicationModel testing, performance assessment, validation reports
CredentialsAdvanced degrees, certifications like FRM, CFA, or CAMS, experience in risk managementQuantitative background, certifications like CFA, FRM, strong modeling expertise
Work EnvironmentStrategic, leadership role within risk management teamsTechnical, analytical role focused on model validation tasks

The Head Of Model Risk Management oversees the entire model risk framework, focusing on strategy and governance, while the Model Validation Manager specializes in testing and validating individual models. Both roles require strong quantitative skills and relevant certifications, but differ in scope and responsibilities.

What are popular job titles related to Head Of Model Risk Management jobs in California? For Head Of Model Risk Management jobs in California, the most frequently searched job titles are:
What job categories do people searching Head Of Model Risk Management jobs in California look for? The top searched job categories for Head Of Model Risk Management jobs in California are:
What cities in California are hiring for Head Of Model Risk Management jobs? Cities in California with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you
Senior Model Risk Manager

Senior Model Risk Manager

Earnest

San Francisco, CA • On-site

$203K - $250K/yr

Other

Posted 21 days ago

Job description

The Sr Model Risk Manager will report to the Head of Credit Risk. 

As the Sr Model Risk Manager, you will:

  • Own and evolve Earnest's Model Risk Management framework, ensuring our credit, loss forecasting, fraud, marketing, and finance models are rigorous, transparent, and built to scale responsibly.
  • Lead independent end-to-end model validations - from conceptual soundness and data quality to performance monitoring and implementation review - delivering thoughtful, constructive challenge to modeling teams.
  • Partner closely with Data Science and Risk leaders early in the model design process to strengthen assumptions, improve methodology, and elevate modeling standards across the company.
  • Oversee model performance monitoring and proactively identify emerging risks, performance drift, or control gaps - ensuring timely, practical remediation.
  • Deliver clear, decision-ready validation reports and communicate technical findings in a way that drives strong business outcomes and sound risk decisions.
  • Serve as a trusted advisor on model governance, helping Earnest move fast while maintaining the discipline and controls required of a best-in-class lending platform.

About You: 

  • You hold a Master's degree in a quantitative field (Statistics, Economics, Mathematics, Financial Engineering, or similar) with 7+ years of experience in model development, validation, or model risk management in financial services (or a Bachelor's degree with 10+ years of relevant experience).
  • You've worked in consumer or small business lending - ideally in a fintech or innovative banking environment - and understand the models that power modern credit decisioning.
  • You have hands-on experience with statistical and machine learning models and are comfortable diving into Python code and large datasets using SQL to independently assess model performance.
  • You understand regulatory model risk expectations and know how to apply them pragmatically in a high-growth environment.
  • You bring strong judgment, intellectual independence, and the confidence to challenge assumptions while building productive cross-functional partnerships.
  • You can translate complex modeling concepts into clear, actionable insights for senior stakeholders.

Even Better:

  • Experience in loss forecasting models, preferably with hands-on exposure to CECL frameworks, including model development, validation, or governance.
  • Experience with personal loans or student lending products.
  • Experience interacting with auditors or regulators in model risk or credit oversight contexts.
  • Experience reviewing third-party or vendor models.
  • Experience building or maturing a model governance framework at a scaling fintech company.
Where:
  • This role will be based in the US.

Compensation: 

A little about our pay philosophy: We take pride in compensating our employees fairly and equitably. We are showcasing a range of your potential base salary based on the roles location. The successful candidate's starting pay will also be determined based on job-related qualifications, internal compensation, candidate location and budget. This range may be modified in the future.

Salary Range: $203,000 - $250,000 USD. Employees are also eligible for an annual performance-based bonus and equity.

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