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Model Risk Analyst Jobs (NOW HIRING)

M&T Bank

Model Risk Analyst-Validation

Buffalo, NY

$91K - $101K/yr

Model Risk Analyst - Validation Job Location: One M&T Plaza, Buffalo, NY 14203. Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and ...

M&T Bank

Model Risk Analyst-Validation

Buffalo, NY

$91K - $101K/yr

Model Risk Analyst - Validation Job Location: One M&T Plaza, Buffalo, NY 14203. Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and ...

Western Ag Credit

Risk Analyst

Spanish Fork, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

Spanish Fork, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

... model risk. * Track, manage, monitor, and report on risk issues and corrective action plans to ... Analyze and report Key Risk Indicators (KRIs) and Risk Appetite Statement (RAS) metrics. * Prepare ...

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

... model risk. * Track, manage, monitor, and report on risk issues and corrective action plans to ... Analyze and report Key Risk Indicators (KRIs) and Risk Appetite Statement (RAS) metrics. * Prepare ...

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How much do model risk analyst jobs pay per hour?

As of Jun 23, 2026, the average hourly pay for model risk analyst in the United States is $40.49, according to ZipRecruiter salary data. Most workers in this role earn between $29.81 and $49.28 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.

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Model Risk Analyst jobs near you
Infographic showing various Model Risk Analyst job openings in the United States as of June 2026, with employment types broken down into 96% Full Time, 1% Part Time, 1% Temporary, and 2% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $84,210 per year, or $40.5 per hour.
Model Risk Analyst-Validation

Model Risk Analyst-Validation

M&T Bank

Buffalo, NY

$91K - $101K/yr

Full-time

Posted 6 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 181 frontline employees who took The Breakroom Quiz

65th of 141 rated banks

Job description

Title: Model Risk Analyst - Validation

Job Location: One M&T Plaza, Buffalo, NY 14203.

Job Description: Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and policies. Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models. Analyze financial data, trends, and regulations to identify potential opportunities for improvement. Develop new models to address changing risk environments. Monitor model performance, prepare reports for internal and external stakeholders, and document findings. Stay abreast of industry best practices and regulatory changes. Provide guidance and advice to other departments regarding model risk management. Prepare written summary and analysis of all validation work, using a combination of word processing and presentation software skills.

Minimum requirements: Master's degree (or foreign equivalent) in Applied Mathematics, Computing, Data Science, Materials Science, or related STEM field of study plus three (3) years of experience as a Model Risk Analyst, Data Scientist, Quantitative Analyst, Product Developer, or related occupation.

Requires Three (3) years of experience in each of the following:

  • Programming Languages, including Python, MATLAB, C/C++, R and SAS.
  • Technical Analyses, including in-sample back-testing, moving averages, time series analysis, z-score analysis, performance metrics evaluation, goodness-off-fit tests (including Kolmogorov-Smirnov test and Gini scores), and correlation matrices.
  • Technical Writing, including writing technical reports using Microsoft Word, LaTeX, Markdown, or Git.
  • Data Science concepts, including statistics and probability, exploratory data analysis (EDA), machine learning, model evaluation and selection, feature engineering, time series analysis, loss forecasting, and model validation concepts such as cross validation, model performance metrics selection, and bias-variance tradeoff.
  • Building Regression Models (including Linear and Logistic Regression and Multinomial Regression Models) and handling multicollinearity, assumptions review, and evaluation of regression models using various validation techniques.
  • Conducting independent review and validation of Machine Learning Models.

Skills can be gained through graduate-level coursework.

Salary: $91,463.04-$101,463.04 per year

LocationBuffalo, New York, United States of America

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