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Model Risk Analyst Jobs in New York (NOW HIRING)

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 · 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 ...

AECOM

Risk Analyst

New York, NY · On-site

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

Graham Capital Management, L.P.

Risk Analyst

Norwalk, CT

$120K - $155K/yr

Using Microsoft Excel to perform financial modeling * Using Bloomberg for risk management analysis Location : Graham Capital Management, L.P., 40 Highland Avenue, Rowayton, CT 06853 Salary : The ...

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Everest Re Group

Risk Analyst I

Warren, NJ · Hybrid

$57K - $98K/yr

Title: Risk Analyst I Company: Everest Global Services, Inc. Job Category: Risk Management Risk ... This role supports ongoing risk monitoring, modeling, and regulatory reporting activities ...

AECOM

Risk Analyst

New York, NY · On-site

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

AECOM

Risk Analyst

New York, NY · On-site

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

Everest Insurance

Risk Analyst I

Warren, NJ · On-site

$57K - $98K/yr

Title: Risk Analyst I Company: Everest Global Services, Inc. Job Category: Risk Management Risk ... This role supports ongoing risk monitoring, modeling, and regulatory reporting activities ...

Graham Capital Management, L.P.

Risk Analyst

Norwalk, CT · On-site

$120K - $155K/yr

Using Microsoft Excel to perform financial modeling * Using Bloomberg for risk management analysis Location : Graham Capital Management, L.P., 40 Highland Avenue, Rowayton, CT 06853 Salary : The ...

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Model Risk Analyst information

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How much do model risk analyst jobs pay per hour?

As of Aug 23, 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?

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 skills and qualifications are needed to be a model risk analyst?

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.

What challenges might a model risk analyst 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.

Do model risk analysts make good money?

Model risk analysts typically earn competitive salaries that vary by industry, experience, and location. Entry-level positions often start around $70,000 annually, with experienced professionals earning over $120,000, especially in financial services and banking sectors. Certifications like CFA or FRM and proficiency in programming tools such as Python or SAS can enhance earning potential.

What does a model risk analyst do?

A model risk analyst evaluates and monitors the risks associated with financial and operational models used by organizations. They review model assumptions, validate model accuracy, and ensure compliance with regulatory standards, often using statistical and analytical tools. Their work helps prevent financial loss and supports decision-making processes.

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
Infographic showing various Model Risk Analyst job openings in New York as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $92,128 per year, or $44.3 per hour.

Model Risk Senior Analyst - Validation [Multiple positions available]

M&T Bank

New York, NY

$155K - $165K/yr

Full-time

Posted 25 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks

Job description

Title: Model Risk Senior Analyst - Validation [Multiple positions available]

Job Location: 277 Park Avenue, New York, NY 10172. Position requires in-office work four (4) days every week.

Job Description: Conduct independent review and validation of selected models used in the organization, focused on assessing risk and validating specific categories of models across the Bank, and ensure compliance with SR 11-07. Use SAS, SQL, Python, R and Excel to extract and analyze data from source systems for use in model validation. Review and validate models used across the Bank for capital stress testing, risk measurement and prediction, pricing, profitability, credit loss forecasting, wealth management, marketing, compliance, profitability and management decision-making, and other functions as needed. Independently review model's theoretical basis, performance, monitoring, assumptions, as well as implementation. Review remediations for the findings identified. Compose validation report and memo that describes the validation work conducted, effective challenge to the model, gaps and findings identified during the validation. Collaborate with the team lead or manager to review and confirm proper controls and adequate documentation are in place. Effectively interact with specific lines of business and/or support areas including Credit Risk, Finance, Treasury to manage model risk. Track and document progress of the validation. Maintain internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Responsible for day-to-day model validation activities. Plan, organize, and produce results. Interact with internal and external stakeholders/vendors to manage model risk and maximize shareholder return. Complete ad-hoc analysis timely upon requests. Develop standard of model validation tasks and automation codes.

Minimum requirements: Master's degree (or foreign equivalent) in Mathematics, Statistics, Quantitative Finance, Economics, or a related field of study plus five (5) years of experience in the job offered or as a Model Validation Manager, Model Risk Management Analyst, Model Developer, or related occupation.

Requires five (5) years of experience in each of the following:

  • Performing validations of credit models or liquidity models.
  • Working with regulator's requirement of capital stress testing.
  • Evaluating model's performance and fit for stress testing usage, using well designed shocks from relevant economic factors, and working with specific independent variables and stress scenarios.
  • Building logistic regression models, linear regression models, and time series models assessing their assumptions and performance.
  • Using SQL, SAS, and Python to pull data, analyze data, assess data quality, estimate model parameters for logistic regression, linear regression and time series models
  • Using SAS or Python to assess model and business assumptions and ongoing model performance.

Salary: $155,471.50-$165,471.50 per year

LocationNew York, New York, United States of America

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