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Head Of Model Risk Management Jobs in Laurel, MD

World Bank

Risk Officer

Washington, DC · On-site

Build and maintain external professional relationships and industry contacts to stay abreast of emerging practices and developments in model risk management and quantitative modelling.

New

Morgan Stanley

Model Risk Control Specialist

Baltimore, MD · On-site

$70K - $125K/yr

We're seeking someone to join our team as a Model Risk Control Specialist in Non-Financial Risk to ... management of legal, regulatory and franchise risk. This is a Director level position within the ...

Capital One

Risk Manager

Mclean, VA · On-site

You will also gain deeper knowledge in the specific areas of CFRM risk management focus, including credit risk, market and liquidity risk, and model risk. At the same time, you will exercise your ...

Capital One

Risk Manager

Mclean, VA · On-site

You will also gain deeper knowledge in the specific areas of CFRM risk management focus, including credit risk, market and liquidity risk, and model risk. At the same time, you will exercise your ...

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All JobsHead Of Model Risk Management JobsHead Of Model Risk Management Jobs in Laurel, MD

Head Of Model Risk Management information

See Laurel, MD salary details

$53.5K

$142K

$257.8K

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

As of Aug 8, 2026, the average yearly pay for head of model risk management in Laurel, MD is $141,962.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,600.00 and $166,100.00 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?

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 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 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.
What cities near Laurel, MD are hiring for Head Of Model Risk Management jobs? Cities near Laurel, MD with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in Laurel, MD as of August 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Temporary. Highlights an 87% In-person, 4% Hybrid, and 9% Remote job distribution, with an average salary of $141,962 per year, or $68.3 per hour.

Model Risk Senior Analyst - Validation (AI, Cyber, Technology)

M&T Bank

Baltimore, MD • On-site

$113K - $188K/yr

Full-time

Re-posted 20 hours ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 185 frontline employees who took The Breakroom Quiz

89th of 170 rated banks

Job description

Overview: The Senior Model Validation Analyst is responsible for executing robust, independent validations of quantitative and qualitative models across the enterprise. This role serves as a key control function within Model Risk Management (MRM), ensuring models are conceptually sound, empirically validated, and compliant with regulatory and internal standards.
Primary Responsibilities:
  • Lead end-to-end validation of several model families including Consumer CCAR and CECL credit risk models, AI/ML models, Cybersecurity and Technology models.
  • Conduct the validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place
  • Perform independent challenge of model methodologies, benchmarking, back-testing, sensitivity analysis, and stress testing
  • Maintain high-quality documentation of validation work, findings, and conclusions to withstand internal audit and regulatory scrutiny.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
  • Support remediation of validation, audit, and regulatory findings.
  • Partner with model developers, business stakeholders, and risk managers to communicate validation outcomes, challenge assumptions, and recommend improvements.

Scope of Responsibilities:
Independently manage multiple validation projects.
Partner with business lines including Credit Risk, Finance, Technology, and Wealth.
Balance regulatory expectations with business objectives.
Contribute to continuous improvement of validation practices and governance.
Supervisory/Managerial Responsibilities:
Individual contributor with opportunities to mentor junior analysts and provide technical guidance.
Education and Experience Required:
Master's or Doctoral Degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline,
Plus 4 years' experience in model development or validation, with a combined minimum of >5 years' higher education and relevant work experience.
Technical knowledge of advanced software packages used in analytics.
Education and Experience Preferred:
Master's or PhD in a quantitative discipline (Finance, Economics, Statistics, Mathematics, Engineering).
7-10+ years in model validation, development, or quantitative analytics.
Strong knowledge of model risk, SR 11-07, SR 26-2, and regulatory expectations.
Proficiency in Python, SAS, R, or similar tools.
Strong analytical, communication, and stakeholder management skills.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $113,300.00 - $188,800.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Baltimore, Maryland, United States of America

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