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Manager Model Risk Management Jobs in Pennsylvania

Guardianlife

Model Risk & Validation Lead

Bethlehem, PA · Hybrid

$103K - $169K/yr

Maintain and manage the model validation findings inventory, including issue severity assessment, remediation tracking, and validation closure support. * Support independent data risk assessments ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · On-site

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

STV

Risk Management Specialist

Philadelphia, PA · On-site

$86K - $98K/yr

Perform cost and schedule uncertainty modeling, including Monte Carlo simulations, to evaluate ... Establish standardized risk management processes and frameworks to protect client interests

Truist

Quant Audit Manager

King Of Prussia, PA · On-site

$103K - $135K/yr

Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...

The Institutes

Vendor Risk Coordinator

Malvern, PA · On-site

Model risk concentration * SaaS redundancy and cost optimization What We're Looking For: Required * 3-5+ years of experience in vendor management, third-party risk, IT governance, compliance, or risk ...

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Manager Model Risk Management information

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills in financial institutions or large corporations.

What does a model risk manager do?

A model risk manager oversees the identification, assessment, and mitigation of risks associated with financial and operational models used within an organization. They ensure models are accurate, compliant with regulations, and perform as intended, often working with validation teams and utilizing tools like statistical software. Their role helps prevent financial loss and supports sound decision-making.

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.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking sectors that involves identifying, assessing, and mitigating risks associated with financial models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.

What is the salary of model risk management in Deloitte?

The salary for a Manager in Model Risk Management at Deloitte typically ranges from $110,000 to $150,000 annually, depending on experience, location, and performance. Additional benefits may include bonuses, health insurance, and professional development opportunities.
What are the most commonly searched types of Model Risk Management jobs in Pennsylvania? The most popular types of Model Risk Management jobs in Pennsylvania are:
What are popular job titles related to Manager Model Risk Management jobs in Pennsylvania? For Manager Model Risk Management jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Manager Model Risk Management jobs in Pennsylvania look for? The top searched job categories for Manager Model Risk Management jobs in Pennsylvania are:
What cities in Pennsylvania are hiring for Manager Model Risk Management jobs? Cities in Pennsylvania with the most Manager Model Risk Management job openings:
Manager Model Risk Management jobs near you
Head of Validation, Model Risk Management

Head of Validation, Model Risk Management

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Posted 23 days ago

Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 60 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services

Job description

Overview
The Head of Validation, Model Risk is a senior leadership role responsible for setting enterprise direction for model validation-delivering independent, risk-based oversight across a diverse portfolio of models spanning investment and risk management, fraud and compliance, finance and HR, and rapidly evolving Gen AI and agentic use cases. This role serves as the senior authority for model validation, setting the bar for defensible methodologies, rigorous challenge, and clear, decision-ready risk communication to senior leaders. The Head of Validation will strengthen model risk culture and lifecycle discipline across the enterprise-driving timely issue remediation, elevating validation quality and consistency, and ensuring Vanguard's practices remain aligned with regulatory and audit expectations.
Responsibilities
Leadership & Team Management
  • Leads a high-performing, multidisciplinary model validation team responsible for validating a diverse portfolio of models including investment and risk management, fraud and compliance, finance and HR, as well as Gen AI and Agentic use cases
  • Develop and mentor talent to promote strong technical capabilities and a high-quality validation process

Validation Oversight & Approval
  • Serve as the final approval authority for validation reports on higher-risk models
  • Ensure validation conclusions are robust, well-supported, and communicated clearly to stakeholders with varying levels of technical expertise

Model Risk Governance & Lifecycle Management
  • Oversee adherence to enterprise model lifecycle requirements-including model inventory accuracy, change management, ongoing monitoring, and issue remediation.
  • Drive timely resolution of model-related issues and non-compliance, escalating when necessary
  • Strengthen model-risk culture across the enterprise through targeted training, outreach, and proactive engagement with model owners and developers

Methodology & Practice Leadership
  • Define, maintain, and continually enhance the methodologies and test approaches used in model validation
  • Ensure comprehensive assessment of conceptual soundness, performance, data quality, implementation accuracy, and other model risk considerations
  • Lead the evolution of validation techniques for emerging modeling approaches, including LLM-enabled and agentic systems

Standards, Policies & Quality Assurance
  • Own the enterprise's model development and model validation standards, guidelines, procedures, and templates.
  • Establish and oversee quality assurance mechanisms-including peer review, thematic reviews, and consistency checks-to ensure embedment of high-quality validation practices.

Executive Reporting & Model Risk Insights
  • Deliver clear, actionable reporting on key model risks, model uncertainty, issue remediation, and emerging trends to senior committees and executives.
  • Support the development and enhancement of divisional and enterprise model-quality scorecards and contribute to the risk-appetite process

Senior Stakeholder, Regulatory & Audit Engagement
  • Serve as a primary point of contact for regulators, internal audit, and senior leaders on model validation related matters
  • Articulate validation rationales, modeling assumptions, and risk implications clearly and confidently to supervisory authorities and executive stakeholders.

Qualifications
  • Advanced degree in technical field (e.g. Master's or doctoral degree in quantitative discipline such as Mathematics, Statistics, or Economics).
  • 10+ years of experience across model development, model validation, and model risk management, including a minimum of five years leading multi-layered model validation teams.
  • Extensive experience with a broad range of model types, including machine learning/LLM-based models.
  • Deep knowledge of model-risk management principles and regulatory frameworks (e.g., SR26-2, SS1/23) and demonstrated experience engaging with regulators and internal audit.
  • Strong technical proficiency with programming languages and analytical tools such as Python, R, or C++, and familiarity with emerging technologies, AI governance, and modern model development practices.
  • Proven ability to translate complex technical concepts into clear, actionable insights for senior executives.
  • Exceptional written and verbal communication skills, including experience presenting to senior committees, executives, and regulatory bodies.
  • Demonstrated ability to partner with stakeholders to balance effective challenge, practical solutions, and business objectives.

Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

What Vanguard employees say

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