MODEL RISK MANAGEMENT (MRM) The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw ...
MODEL RISK MANAGEMENT (MRM) The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw ...
MODEL RISK MANAGEMENT (MRM) The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw ...
MODEL RISK MANAGEMENT (MRM) The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw ...
Senior Machine Learning Engineer, Model Risk Management
New York, NY · Remote
$114K - $157K/yr
Model Risk Management is the independent function that decides whether a model is sound enough to put in front of customers and regulators. The failures that matter rarely announce themselves: a ...
Senior Machine Learning Engineer, Model Risk Management
New York, NY · Remote
$114K - $157K/yr
Model Risk Management is the independent function that decides whether a model is sound enough to put in front of customers and regulators. The failures that matter rarely announce themselves: a ...
Senior Machine Learning Engineer, Model Risk Management
New York, NY · On-site
$114K - $157K/yr
Model Risk Management is the independent function that decides whether a model is sound enough to put in front of customers and regulators. The failures that matter rarely announce themselves: a ...
Senior Machine Learning Engineer, Model Risk Management
New York, NY · On-site
$114K - $157K/yr
Model Risk Management is the independent function that decides whether a model is sound enough to put in front of customers and regulators. The failures that matter rarely announce themselves: a ...
Credit Risk Model Owner
Manhattan, NY · On-site
$133K - $181K/yr
Enhance model management, governance processes and model documentation standards to improve ... Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience ...
Credit Risk Model Owner
Manhattan, NY · On-site
$133K - $181K/yr
Enhance model management, governance processes and model documentation standards to improve ... Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience ...
Credit Risk Model Owner
Manhattan, NY · Hybrid
$133K - $181K/yr
Enhance model management, governance processes and model documentation standards to improve ... Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience ...
Credit Risk Model Owner
Manhattan, NY · Hybrid
$133K - $181K/yr
Enhance model management, governance processes and model documentation standards to improve ... Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience ...
Credit Risk Model Development Quantitative Analyst II - Consumer Portfolio (Hybrid - see job desc...
... risk management, as well as balance sheet and capital planning ... Supports more experienced analysts and management in data analysis, model development efforts and ...
Credit Risk Model Development Quantitative Analyst II - Consumer Portfolio (Hybrid - see job desc...
... risk management, as well as balance sheet and capital planning ... Supports more experienced analysts and management in data analysis, model development efforts and ...
Credit Risk Model Development Quantitative Analyst II - Consumer Portfolio (Hybrid - see job desc...
... risk management, as well as balance sheet and capital planning ... Supports more experienced analysts and management in data analysis, model development efforts and ...
Credit Risk Model Development Quantitative Analyst II - Consumer Portfolio (Hybrid - see job desc...
... risk management, as well as balance sheet and capital planning ... Supports more experienced analysts and management in data analysis, model development efforts and ...
Serves as Bank-wide or industry expert in key area(s) of quantitative risk management. Provides ... Execute models in production environment; communicate analytical results to Bank-wide stakeholders.
Serves as Bank-wide or industry expert in key area(s) of quantitative risk management. Provides ... Execute models in production environment; communicate analytical results to Bank-wide stakeholders.
Serves as Bank-wide or industry expert in key area(s) of quantitative risk management. Provides ... Execute models in production environment; communicate analytical results to Bank-wide stakeholders.
Serves as Bank-wide or industry expert in key area(s) of quantitative risk management. Provides ... Execute models in production environment; communicate analytical results to Bank-wide stakeholders.
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President
Manhattan, NY · On-site
$123K - $220K/yr
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President
Manhattan, NY · On-site
$123K - $220K/yr
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
... risk manager, with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics, Physics ...
... risk manager, with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics, Physics ...
Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President
Manhattan, NY · On-site
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
Risk Management - Market Risk Model Development - Quantitative Analytics - Vice President
Manhattan, NY · On-site
... risk manager, ideally with experience developing or validating models used for valuation or risk management of Fixed Income portfolios * Bachelor of Science degree in Engineering, Mathematics ...
Credit Model Development Quantitative Lead - Commercial Real Estate Portfolio(Hybrid)
New York, NY · On-site
Independently develops, implements, maintains, analyzes and manages quantitative/econometric behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as ...
Credit Model Development Quantitative Lead - Commercial Real Estate Portfolio(Hybrid)
New York, NY · On-site
Independently develops, implements, maintains, analyzes and manages quantitative/econometric behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as ...
As a Quantitative Analytics & Model Consultant Senior within PNC's Market Risk Management organization, you will be based in Pittsburgh, PA / Charlotte, NC / New York City / Cleveland, OH ...
As a Quantitative Analytics & Model Consultant Senior within PNC's Market Risk Management organization, you will be based in Pittsburgh, PA / Charlotte, NC / New York City / Cleveland, OH ...
Credit Model Development Quantitative Lead - Commercial Real Estate Portfolio(Hybrid)
New York, NY · On-site
Independently develops, implements, maintains, analyzes and manages quantitative/econometric behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as ...
Credit Model Development Quantitative Lead - Commercial Real Estate Portfolio(Hybrid)
New York, NY · On-site
Independently develops, implements, maintains, analyzes and manages quantitative/econometric behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as ...
AI Model Risk Validation Specialist
New York, NY · Hybrid
$100K - $135K/yr
Model risk management practices * Identify gaps and recommend risk mitigation strategies Governance Integration * Provide independent validation input into AI governance decisions * Support the AIS ...
AI Model Risk Validation Specialist
New York, NY · Hybrid
$100K - $135K/yr
Model risk management practices * Identify gaps and recommend risk mitigation strategies Governance Integration * Provide independent validation input into AI governance decisions * Support the AIS ...
As a Quantitative Analytics & Model Consultant Senior within PNC's Market Risk Management organization, you will be based in Pittsburgh, PA / Charlotte, NC / New York City / Cleveland, OH ...
As a Quantitative Analytics & Model Consultant Senior within PNC's Market Risk Management organization, you will be based in Pittsburgh, PA / Charlotte, NC / New York City / Cleveland, OH ...
As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase ... As a Quant Model Risk Vice President in the Model Risk Governance and Review team, you will be ...
As part of Risk Management and Compliance, you play a crucial role in maintaining JPMorganChase ... As a Quant Model Risk Vice President in the Model Risk Governance and Review team, you will be ...
Manager Model Risk Management information
See Port Chester, NY salary details
$48.2K - $60.7K
8% of jobs
$60.7K - $73.2K
14% of jobs
$78.9K is the 25th percentile. Wages below this are outliers.
$73.2K - $85.7K
6% of jobs
$85.7K - $98.1K
8% of jobs
$98.1K - $110.6K
11% of jobs
The median wage is $113.2K / yr.
$110.6K - $123.1K
13% of jobs
$123.1K - $135.6K
11% of jobs
$139.4K is the 75th percentile. Wages above this are outliers.
$135.6K - $148.1K
15% of jobs
$148.1K - $160.6K
8% of jobs
$160.6K - $173.1K
4% of jobs
$173.1K - $185.6K
2% of jobs
$48.2K
$114.9K
$185.6K
How much do manager model risk management jobs pay per year?
What is the difference between Manager Model Risk Management vs Model Risk Analyst?
| Aspect | Manager Model Risk Management | Model Risk Analyst |
|---|---|---|
| Credentials | Typically requires advanced degrees (e.g., MBA, Master's in Finance or Risk), certifications like FRM or CFA | Often requires similar credentials, such as FRM or CFA, but may have less emphasis on managerial certifications |
| Work Environment | Leads teams, manages risk frameworks, and interacts with senior management | Performs detailed risk analysis, supports model validation, and reports findings |
| Employer & Industry Usage | Common in banking, asset management, and financial institutions | Found 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.

Full-time
Re-posted 23 hours ago
Goldman Sachs rating
8.3
Based on 27 frontline employees who took The Breakroom Quiz
48th of 170 rated banks
Job description
MODEL RISK MANAGEMENT (MRM)
The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw, Hong Kong, Bangalore and Hyderabad. The MRM group is responsible for independent oversight of Model Risk at the firm, ensuring compliance with Firmwide Policy on Model Control and related standards, including documentation to evidence effective challenge over the Model development, implementation, and usage of Models.
The group's primary mandate is to manage risk that arises from models used in the firm through its range of businesses- from models used for derivatives valuation to models used for risk management, liquidity and capital computations. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the group is also responsible to assess the risk associated with model choice, e.g., exposure to choice of model in various contexts such as pricing exotic options or in calculating capital.
Who We Look For
Goldman Sachs is seeking a highly motivated AI Model Risk Vice President to join our Model Risk Management (MRM) team in New York. You will play a crucial role in validating the firm's AI models, ensuring their accuracy, reliability, and compliance with regulatory requirements. This is a unique opportunity to gain exposure to a wide range of AI applications within a leading global financial institution and contribute directly to the firm's risk management framework. You will work closely with AI researchers, AI model developers, and other stakeholders to understand model methodologies, assess model risks, and implement validation plans and benchmarking models.
Responsibilities
- Independently validate the performance, accuracy, and reliability of AI models used within Goldman Sachs, focusing on aspects such as accuracy, explainability, model design, and algorithmic robustness.
- Develop and implement validation methodologies and benchmark models tailored to the specific characteristics of AI models.
- Conduct thorough testing and analysis of model outputs, identifying and documenting potential risks and limitations.
- Collaborate with model developers and business stakeholders to address identified issues and improve model performance.
Preferred Qualifications
- A Ph.D. degree in Computer Science, Mathematics, Physics, Engineering, or a closely related quantitative field.
- Understanding of statistical modelling and machine learning algorithms
- 5+ years of working experience in a quantitative field as a model developer or a data researcher.
- Preferable skillset: some experience in AI models
- Programming expertise in Python, including experience with relevant data science libraries (e.g., NumPy, Pandas, TensorFlow, Pytorch).
- Excellent analytical, problem-solving, and communication skills.
- Demonstrated curiosity, ownership, and a willingness to work in a collaborative environment.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
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About Goldman Sachs
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At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
New York, NY, US
Year founded
1869