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Model Risk Analyst Jobs in New York (NOW HIRING)

Morgan Stanley

Market Risk Analyst

New York, NY · Hybrid

$75K - $95K/yr

... testing models (including market shocks for scenario design, stress loss) for Morgan Stanley ... analysis to support MRA's suite of market risk models used for internal risk management and for ...

Fin

Risk Analyst

New York, NY · On-site

$100K - $175K/yr

Create and maintain risk assessment models to evaluate the financial and reputational impact of ... Exceptional analytical and problem-solving skills with a data-driven approach to decision-making.

Fin

Risk Analyst

New York, NY · Remote

$100K - $175K/yr

Create and maintain risk assessment models to evaluate the financial and reputational impact of ... Exceptional analytical and problem-solving skills with a data-driven approach to decision-making.

Morgan Stanley

Risk Analyst

New York, NY · On-site

$75K - $95K/yr

... the business model where regulatory capital considerations are material. Responsibilities ... perform analysis of counterparty credit risk for derivatives, cleared transactions, repurchase ...

Morgan Stanley

Risk Analyst

New York, NY

$75K - $95K/yr

... the business model where regulatory capital considerations are material. Responsibilities ... perform analysis of counterparty credit risk for derivatives, cleared transactions, repurchase ...

Apex Systems

Market Risk Analyst

Jersey City, NJ · On-site +1

$68 - $73.68/hr

Partner with Global Markets Financial Risk, Global Risk Analytics, and Model Risk Management for business requirements. * Propose technology solutions to business problems and facilitate agreement ...

Soros Fund Management

Market Risk Analyst

New York, NY · On-site

$150K - $200K/yr

Support onboarding of new products and coordinate model enhancements with quant and tech teams ... Partner with technology to transform risk tools and analytics into robust, scalable production ...

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Model Risk Analyst information

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How much do model risk analyst jobs pay per hour?

As of Jun 8, 2026, the average hourly pay for model risk analyst in New York is $44.29, according to ZipRecruiter salary data. Most workers in this role earn between $32.60 and $53.89 per hour, depending on experience, location, and employer.

What is a Model Risk Analyst job?

A Model Risk Analyst evaluates, validates, and monitors financial models to ensure they function correctly and comply with regulatory standards. They identify potential risks in model assumptions, data quality, and methodologies. Their work helps financial institutions mitigate model-related risks that could lead to inaccurate decision-making. Analysts collaborate with model developers, risk managers, and auditors to improve model performance and documentation. Strong analytical, statistical, and programming skills are essential for this role.

What are the key skills and qualifications needed to thrive in the Model Risk Analyst position, and why are they important?

To thrive as a Model Risk Analyst, you need strong quantitative analysis skills, a background in mathematics, statistics, finance, or a related field, and experience in model validation practices. Familiarity with programming languages such as Python, R, SAS, and tools like Excel, along with knowledge of regulatory requirements such as SR 11-7, is typically essential; certifications like FRM or CFA can be advantageous. Excellent communication, attention to detail, and critical thinking are important soft skills for presenting findings and collaborating with cross-functional teams. Mastery of these skills ensures the integrity and reliability of risk models, supporting sound business decisions and regulatory compliance.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, industry, and location. Model risk analysts, a specialized role, often have salaries in this range but may earn more with advanced certifications or in financial sectors. Entry-level positions usually start lower, while senior roles can exceed $100,000 annually.

What are some typical challenges a Model Risk Analyst might face in their daily work?

Model Risk Analysts often encounter challenges such as ensuring data quality, identifying model limitations, and keeping up with evolving regulatory standards. They must frequently balance the technical rigor needed to validate complex financial models with the need to communicate their findings clearly to stakeholders without a technical background. Additionally, adapting quickly to new modeling methodologies or changing business priorities is common. Overcoming these challenges requires ongoing learning, strong collaboration with model developers, and a proactive approach to risk management.

What are popular job titles related to Model Risk Analyst jobs in New York? For Model Risk Analyst jobs in New York, the most frequently searched job titles are:
What job categories do people searching Model Risk Analyst jobs in New York look for? The top searched job categories for Model Risk Analyst jobs in New York are:
Model Risk Analyst jobs near you
Risk Management - Model Risk Governance and Review - Policy Vice President

Risk Management - Model Risk Governance and Review - Policy Vice President

JP Morgan Chase

Manhattan, NY • On-site

Full-time

Medical, Retirement

Posted 15 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 468 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Vice President in the Model Risk Governance and Review (MRGR) team, you will support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance. You'll play a crucial role in responsibly growing the business by anticipating risks and solving real-world challenges. Our culture encourages innovative thinking and excellence. As part of the Model Risk Governance and Review (MRGR) team, you'll support model risk stakeholders in governance activities, manage model risk policies, and oversee technology and analytics development, ensuring effective risk management and compliance.

Job Responsibilities

  • Drive initiatives to enhance the model risk management framework, ensuring it is fit-for-purpose and can be efficiently executed by model risk stakeholders
  • Ensure changes are consistently reflected across all model risk framework components, including policy, procedures, templates, metric definitions, and reporting design
  • Serve as the primary contact for queries related to the model risk management framework
  • Innovatively redesign model risk management processes for operational excellence, managing multiple projects simultaneously
  • Collaborate with the infrastructure product team to align process and system designs
  • Triage and prioritize proposed enhancements, engaging with management and stakeholders to provide transparency in a clear and concise manner
  • Work closely with stakeholders in other teams/functions to gather feedback and promote consistency in model risk management practices
  • Maintain strong connections with other frameworks and controls within the firm to ensure comprehensive model risk management

Required qualifications, capabilities, and skills

  • Proven experience in developing and enhancing model risk management frameworks, along with expertise in process re-engineering
  • Demonstrated ability to juggle multiple priorities while ensuring clear and transparent decision-making
  • Strong analytical skills paired with strategic thinking abilities

  • Exceptional attention to detail and outstanding communication skills

Preferred qualifications, capabilities, and skills

  • Candidates with experience in model risk management, risk consulting, or roles focused on risk and control 
     
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

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