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Manager Model Risk Management Jobs in Memphis, TN

Be the primary point of contact for oversight groups-regulators, Credit, Credit Assurance, Model Risk Management, and auditors * Effectively challenge first line requests for changes to scorecard ...

Be the primary point of contact for oversight groups--regulators, Credit, Credit Assurance, Model Risk Management, and auditors * Effectively challenge first line requests for changes to scorecard ...

Personal Risk Specialist

Memphis, TN · On-site

$95.70K/yr

The Personal Risk Specialist is an outside sales position focused on serving the unique insurance ... Manage employee and prospect data, including development of prospect lists from business clients ...

Cyber Manager - ServiceNow

Memphis, TN · On-site

$108K - $146K/yr

... Risk Management workstreams in partnership with architects and product owners • Managing ... and offshore models; aligning resources and mitigating delivery risks, blockers, and ...

Cyber Manager - ServiceNow

Memphis, TN · On-site +1

$107.80K - $145.70K/yr

... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...

Understanding of regulatory guidelines (CCAR, Basel) around Model Risk Management * Working knowledge of various Fixed Income and Equities products, for example Derivatives, FX and Cash Equities

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Manager Model Risk Management information

See Memphis, TN salary details

$42.3K

$100.7K

$162.7K

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

As of May 29, 2026, the average yearly pay for manager model risk management in Memphis, TN is $100,745.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,400.00 and $128,200.00 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.

What are the most commonly searched types of Model Risk Management jobs in Memphis, TN? The most popular types of Model Risk Management jobs in Memphis, TN are:
What are popular job titles related to Manager Model Risk Management jobs in Memphis, TN? For Manager Model Risk Management jobs in Memphis, TN, the most frequently searched job titles are:
What job categories do people searching Manager Model Risk Management jobs in Memphis, TN look for? The top searched job categories for Manager Model Risk Management jobs in Memphis, TN are:
What cities near Memphis, TN are hiring for Manager Model Risk Management jobs? Cities near Memphis, TN with the most Manager Model Risk Management job openings:

Risk Rating Manager

First Horizon

Memphis, TN • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 4 days ago


First Horizon Bank rating

8.3

Company rating: 8.3 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

33rd of 141 rated banks


Job description

Location: On site in location listed in job posting
SUMMARY
The Risk Rating Manager reports to the Commercial Credit Policy and Governance Manager and is responsible for the management and maintenance of First Horizon's Commercial Risk Rating framework. It includes ownership of the bank's scorecard models, development and maintenance of risk grading guidance, working with line of business and Credit partners on design and revision to models, and being the point of contact for all inquiries related to Commercial risk ratings.
The Risk Rating Manager will build and maintain relationships with partners and stakeholders across the bank, including Lines of Business, Credit, Risk, Technology, Treasury, Finance, and Audit. This role requires high interpersonal skills and the ability to communicate clearly and succinctly with executives, senior management, peers, analysts, regulators, and auditors.
The Risk Rating Manager is expected to work independently with minimal direction from management, lead projects, and manage cross-functional project teams. A broad understanding of Commercial Credit and the use of risk ratings throughout all the activities of a bank is a must.
ESSENTIAL DUTIES AND RESPONSIBILITIES
This position is primarily expected to own the bank's Commercial Credit Risk Rating framework, including its scorecard models. This responsibility includes several facets, including, but not limited to the following.
  • Oversee the lifecycle of commercial rating models from design and development to system implementation and governance
  • Manage risk grading guidance in conjunction with policy, system constraints, and scorecard design.
  • Fulfill current and evolving governance requirements with respect to risk ratings, including reporting on operational and statistical performance
  • Provide input into credit policy as it relates to risk ratings and grading
  • Manage controls associated with risk grading and communicate with appropriate groups on issues and resolution
  • Communicate with several constituents across the bank in each line of defense as well as auditors and regulators about risk rating policy and practice
  • Manage the inventory of scorecard models, including in-use, in-development, and in-pipeline scorecards
  • Monitor and manage scorecard usage, including periodic revisions to existing scorecards, adapting to new products or structures, etc.
  • Monitor scorecard performance from an accuracy and operational perspective. Track and report on scorecard usage, override rates, system integrity, past due scorecards, etc.
  • Be the primary point of contact for oversight groups-regulators, Credit, Credit Assurance, Model Risk Management, and auditors
  • Effectively challenge first line requests for changes to scorecard models, guidance, or policy
  • Lead initiatives for development of or revisions to scorecard models
    • Work with LOB and Credit to define requirements and potential attributes for consideration
    • Lead the project team for new scorecard development or major recalibrations
    • Work with Credit Modeling Team on development, monitoring, testing, and implementation
    • Work with Enterprise Technology on system implementation
    • Design and lead user acceptance testing to ensure a correct implementation
    • Guide changes through governance and business unit acceptance

ADDITIONAL RESPONSIBILITIES
  • Respond to frequent enquiries from constituents-LOB, Credit, Credit Assurance, Internal Audit, etc.-on interpretation of scorecard guidance, rating particular deals, and other questions regarding scorecards
  • Collaborate with Credit Policy and Credit Risk on revisions, updates, or modifications to policies that affect risk grading
  • Collaborate with downstream users of ratings, such as in pricing, CECL, CCAR, and portfolio management
  • Advise the executive management on strategic initiatives, emerging risks or opportunities, and industry best practices in the space of Commercial risk ratings

SUPERVISORY RESPONSIBILITIES
  • At this time, there are no supervisory responsibilities

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Minimum Experience:
  • 10 years of Commercial/Wholesale Credit rating experience, including Commercial and Industrial lending, Commercial Real Estate, Small Business, and specialty lines of business
  • Demonstrable experience working with credit rating models and understanding their use, performance metrics, technology requirements, and governance
  • Strong analytical and critical thinking skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills

Preferred Experience:
  • 15 or more years of Commercial/Wholesale credit rating experience with at least 5 years of owning or leading a risk rating practice

COMPUTER AND OFFICE EQUIPMENT SKILLS
  • Proficiency with Microsoft Office
  • Familiarity with common 3rd party rating platforms such as Moody's CreditLens, Commercial front office systems such as nCino, and core systems such as ACBS

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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