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Manager Model Risk Management Jobs in Rutherford, NJ

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Manager Model Risk Management information

See Rutherford, NJ salary details

$44.3K

$105.7K

$170.8K

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

As of Jun 20, 2026, the average yearly pay for manager model risk management in Rutherford, NJ is $105,719.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,900.00 and $134,600.00 per year, depending on experience, location, and employer.

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 Rutherford, NJ? The most popular types of Model Risk Management jobs in Rutherford, NJ are:
What job categories do people searching Manager Model Risk Management jobs in Rutherford, NJ look for? The top searched job categories for Manager Model Risk Management jobs in Rutherford, NJ are:
What cities near Rutherford, NJ are hiring for Manager Model Risk Management jobs? Cities near Rutherford, NJ with the most Manager Model Risk Management job openings:
Manager Model Risk Management jobs near you

Senior Consultant - Model Risk Management

Arrayo

Manhattan, NY

Other

Posted 9 days ago

Job description

Senior Consultant – Model Risk Governance



Arrayo is seeking an experienced Model Risk Governance Consultant to join our Financial Services consulting team. As a Consultant, you will work with leading banking and capital markets institutions on strategic Model Risk Management (MRM) initiatives, helping clients strengthen governance frameworks, enhance controls, improve operating models, and address evolving regulatory and business requirements


.
You will collaborate with stakeholders across Risk Management, Model Risk Management, Front Office, Finance, Compliance, Internal Audit, and Technology functions to design and implement sustainable model governance processes and controls. This role is focused on model risk governance, framework enhancement, operating model design, and program execution rather than quantitative model development or validatio


n.
The ideal candidate will have experience working within Model Risk Management organizations or supporting large-scale MRM transformation, governance, remediation, or regulatory initiatives within financial institutio


ns.
Responsibili

  • tiesSupport clients in the design, enhancement, and implementation of Model Risk Management governance frameworks and operating mod
  • els.Assess model governance processes and identify opportunities to strengthen controls, improve efficiency, and enhance transparency across the model lifecy
  • cle.Develop and maintain model risk policies, standards, procedures, governance documentation, and supporting control framewo
  • rks.Support model inventory management processes, including model classification, tiering, ownership, governance workflows, and lifecycle managem
  • ent.Coordinate activities across Model Owners, Model Developers, Model Validators, Risk Management, Internal Audit, Compliance, and Technology te
  • ams.Facilitate governance forums, working groups, and stakeholder meetings, including preparation of materials, action tracking, and management report
  • ing.Support remediation initiatives related to model risk governance, controls, documentation, and process effectiven
  • ess.Develop management reporting, metrics, key risk indicators, and governance dashboards to support model risk oversi
  • ght.Document business processes, governance workflows, target operating models, and control procedu
  • res.Perform assessments of model governance practices and support the implementation of process improvements and control enhanceme
  • nts.Partner with business and technology stakeholders to improve model governance tooling, workflow management, and reporting capabilit
  • ies.Contribute to project planning, stakeholder management, issue tracking, and overall delivery of client engageme


nts.
Require

  • mentsBachelor's or Master's degree in Finance, Economics, Mathematics, Engineering, Business Administration, Risk Management, or a related discip
  • line.10+ years of experience in Financial Services, with significant experience in Model Risk Management, Risk Governance, Enterprise Risk Management, Regulatory Change, or related control funct
  • ions.Strong understanding of Model Risk Management principles, governance frameworks, and model lifecycle proce
  • sses.Experience developing policies, standards, procedures, governance documentation, and control framew
  • orks.Experience supporting model inventory management, governance processes, and model lifecycle overs
  • ight.Strong stakeholder management and communication skills, with the ability to work effectively across business, risk, audit, compliance, and technology funct
  • ions.Excellent written communication skills, including experience producing governance documentation, management reporting, and executive presentat
  • ions.Strong analytical and problem-solving skills with the ability to identify process improvements and drive execu
  • tion.Experience working on large-scale risk, governance, regulatory, or transformation initiatives within financial institut
  • ions.Experience with model inventory, workflow, governance, or risk management platforms is considered an a


sset.

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