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Model Risk Analyst Jobs in New York (NOW HIRING)

Aflac

AVP, Quantitative Risk Analyst

Manhattan, NY · On-site

$140K - $185K/yr

Strong model development experience in programming languages such as C#, Python, and VBA required ... the company's risk analysis system; in particular, leads the technical development and/or ...

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 ...

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 ...

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

... BPM), analytics, and AI-driven solutions. The company partners with organizations to improve ... Job Title: Context Engineer (Model Risk Focus) Location: NYC, NY, 10003 Duration: 6 months Rate ...

Quanta Search

Quantitative Risk Analyst

Manhattan, NY · On-site

Evaluate and validate price and risk models to ensure the soundness and correct application of the models. * Conduct research to develop innovative risk management approaches, tools, and analytics to ...

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How much do model risk analyst jobs pay per hour?

As of Jun 27, 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 analysts can earn over $100,000 annually.

Is risk analyst a high paying job?

A risk analyst, including model risk analysts, typically earns a competitive salary that varies by industry, experience, and location. In finance and banking, risk analysts often have higher earning potential, especially with advanced certifications like FRM or CFA. Overall, it is considered a well-paying role within the financial and risk management fields.

Is risk modelling a good career?

Risk modelling is a valuable career in finance and insurance industries, involving the development of statistical models to assess and manage financial risks. It requires strong analytical skills, proficiency with tools like Excel and programming languages such as Python or R, and often benefits from certifications like FRM or CFA. The field offers steady demand and opportunities for advancement, especially for those with quantitative backgrounds.

What does a model risk analyst do?

A model risk analyst evaluates and monitors the risks associated with financial or 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 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
Infographic showing various Model Risk Analyst job openings in New York as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $92,128 per year, or $44.3 per hour.

Credit Risk Model Owner

Sumitomo Mitsui Financial Group, Inc.

Manhattan, NY • On-site

$85K - $131K/yr

Full-time

Posted 6 days ago

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $85,000.00 and $131,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role is expected to conduct regular model monitoring procedure, finding management, and model governance, communicate with key model stakeholders including Tokyo Head Office, develop credit risk model and report to team leads and senior management.
Role Objectives: Delivery
  • Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads, model validation team, model users and other stakeholders
  • Maintain the credit risk related model inventories, work with model validators to prepare the model documentation package, model attestation, etc.
  • Address model risk findings which are issued by model validation group and internal audit generally
  • Develop internal credit risk models collaborating with Tokyo Head Office, Model Validation team and/or external vendors
  • Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users
  • Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process

Role Objectives: Interpersonal
  • Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office
  • Report to team leads and senior management and also lead and train junior members
  • Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring
  • Consider the best approach to address the issues and feedback from model users
  • Make presentations to senior management and regulators about credit risk related models and make trainings to model users

Role Objectives: Expertise
  • Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience related to Credit Risk Rating Model is better)
  • Good experience and knowledge as Credit Risk Model Owner including developing credit rating models and documentation
  • Strong presentation skills to create visualized charts/materials for readers including regulators and senior management
  • Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure
  • Ability to communicate appropriately at different levels of the organization to build collaborative relationships

Qualifications and Skills
  • Minimum work experience in model risk management of two years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)
  • Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
  • Master Degree/CFA/FRM preferred
  • Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.
  • Excellent interpersonal and written and verbal communication skills
  • Japanese language skill a plus

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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