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Manager Model Risk Management Jobs (NOW HIRING)

Sallie Mae

Manager, Model Risk

Newark, DE · On-site

Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. * Oversee the validation and testing ...

Sallie_mae

Manager, Model Risk

Newark, DE · On-site

Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. * Oversee the validation and testing ...

Associated Bank - Corp

Model Risk Manager

Omaha, NE · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Minneapolis, MN

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

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Manager Model Risk Management information

See salary details

$43.5K

$103.7K

$167.5K

How much do manager model risk management jobs pay per year?

As of Jul 26, 2026, the average yearly pay for manager model risk management in the United States is $103,704.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $132,000.00 per year, depending on experience, location, and employer.

What is the difference between Manager Model Risk Management vs Model Risk Analyst?

AspectManager Model Risk ManagementModel Risk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Master's in Finance or Risk), certifications like FRM or CFAOften requires similar credentials, such as FRM or CFA, but may have less emphasis on managerial certifications
Work EnvironmentLeads teams, manages risk frameworks, and interacts with senior managementPerforms detailed risk analysis, supports model validation, and reports findings
Employer & Industry UsageCommon in banking, asset management, and financial institutionsFound in similar environments, often as a supporting role to managers

The Manager Model Risk Management oversees the entire model risk framework, manages teams, and interacts with senior stakeholders. In contrast, the Model Risk Analyst focuses on detailed analysis, validation, and reporting of models. Both roles require similar credentials but differ in scope and responsibilities.

More about Manager Model Risk Management jobs
What cities are hiring for Manager Model Risk Management jobs? Cities with the most Manager Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Manager Model Risk Management jobs? States with the most job openings for Manager Model Risk Management jobs include:
What job categories do people searching Manager Model Risk Management jobs look for? The top searched job categories for Manager Model Risk Management jobs are:
Manager Model Risk Management jobs near you
Infographic showing various Manager Model Risk Management job openings in the United States as of July 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $103,704 per year, or $49.9 per hour.
Manager, Model Risk

Manager, Model Risk

Sallie Mae

Newark, DE • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago

Sallie Mae rating

7.6

Company rating: 7.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

When you join Sallie Mae, you become a champion for all students.
We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.
We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute
The Manager, Model Risk will be responsible for ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.
What You'll Do
  • May manage a Model Risk team and provide guidance, support, and mentorship to team members.
  • Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
  • Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
  • Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
  • Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
  • Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
  • Prepare and present reports on model risk to senior management and regulatory bodies.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What you have
Minimum: Indicate minimum education, skills and experience required.
  • Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
  • Familiarity with regulatory requirements and the ability to interpret and implement them.
  • Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
  • Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
  • Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
  • Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred: Indicate "nice to haves" regarding education, skills, and experience.
  • Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
  • 5 years of experience in model risk management, financial modeling, or a related field within the financial services industry.

The Americans with Disabilities Act
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.
Feeling your best helps you do your best:
Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term/long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities

Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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