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Head Of Model Risk Management Jobs (NOW HIRING)

Rain

Head of Enterprise Risk Management

New York, NY · On-site

$50K/yr

Provide oversight of ERM programs related to model risk, third party risk, operational risk, business continuity/disaster recovery, policy management, and physical security. * Establish key risk ...

M&T Bank

Model Risk Analyst-Validation

Buffalo, NY

$91K - $101K/yr

Stay abreast of industry best practices and regulatory changes. Provide guidance and advice to other departments regarding model risk management. Prepare written summary and analysis of all ...

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Head Of Model Risk Management information

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$54K

$143.2K

$260K

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

As of Jun 28, 2026, the average yearly pay for head of model risk management in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 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 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.
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What cities are hiring for Head Of Model Risk Management jobs? Cities with the most Head Of Model Risk Management job openings:
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Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in the United States as of June 2026, with employment types broken down into 99% Full Time, and 1% Part Time. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $143,185 per year, or $68.8 per hour.
Risk Management - Program Management - Senior Associate

Risk Management - Program Management - Senior Associate

JPMorgan Chase & Co.

Manhattan, NY • On-site

$92K - $134K/yr

Full-time

Medical, Retirement

Posted 11 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 486 frontline employees who took The Breakroom Quiz

46th of 142 rated banks

Job description


Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo.
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm. Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.
Job responsibilities
  • Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
  • Monitor and report model risk metrics, and facilitate escalation when breaches occur
  • Centrally manage programs owned by MRGR to ensure the model risk framework's smooth and effective execution, including processes like inventory confirmations, CCAR etc.
  • Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
  • Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.

Required qualifications, capabilities, and skills
  • Proven project/program management capabilities
  • Solid understanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions
  • Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
  • Ability to synthetize data and build commentary to share with a senior audience as needed.
  • Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment.
  • Intellectual curiosity with a proven ability to learn quickly.

Preferred qualifications, capabilities, and skills
  • A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
  • Experience in Model Risk Management

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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