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Model Risk Governance Jobs in New York (NOW HIRING)

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

This role supports model lifecycle and risk governance through domain aware context engineering. Key Responsibilities * Design and optimize prompting and contextual structures to shape model behavior.

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Model Risk Governance information

See New York salary details

$11

$50

$155

How much do model risk governance jobs pay per hour?

As of Jun 13, 2026, the average hourly pay for model risk governance in New York is $50.01, according to ZipRecruiter salary data. Most workers in this role earn between $16.30 and $78.89 per hour, depending on experience, location, and employer.

What are some typical challenges faced in a Model Risk Governance role?

Professionals in Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring comprehensive documentation for models, and maintaining effective communication between technical modelers and business stakeholders. Balancing rigorous model validations with tight project timelines can also be demanding, especially when coordinating input from various teams. Overcoming these hurdles requires a proactive approach to learning, strong organizational skills, and the ability to translate complex quantitative issues into actionable insights for decision-makers. These challenges make the work dynamic and offer significant opportunities to influence critical risk management processes within the organization.

What is a Model Risk Governance job?

A Model Risk Governance job involves overseeing the policies, procedures, and frameworks used to manage model risk within an organization. Professionals in this role ensure that models used for decision-making in areas like finance, risk management, and compliance are properly validated, monitored, and updated. They work closely with model developers, risk managers, and regulators to enforce governance standards and mitigate potential risks. Key responsibilities include establishing model validation processes, conducting risk assessments, and ensuring compliance with regulatory requirements.

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

To excel in Model Risk Governance, you typically need a strong background in quantitative finance, statistics, or a related field, often with advanced degrees such as a master's or Ph.D., and experience in risk management. Familiarity with model validation tools, programming languages like Python or R, and regulatory frameworks such as SR 11-7 or Basel guidelines is highly valued. Strong analytical thinking, communication skills, and the ability to manage multiple stakeholders are key soft skills for this position. These competencies ensure effective oversight of model risk, facilitate regulatory compliance, and enable clear communication of complex technical issues to non-technical stakeholders.

What are the most commonly searched types of Model Risk Governance jobs in New York? The most popular types of Model Risk Governance jobs in New York are:
What are popular job titles related to Model Risk Governance jobs in New York? For Model Risk Governance jobs in New York, the most frequently searched job titles are:
What job categories do people searching Model Risk Governance jobs in New York look for? The top searched job categories for Model Risk Governance jobs in New York are:
What cities in New York are hiring for Model Risk Governance jobs? Cities in New York with the most Model Risk Governance job openings:
Model Risk Governance jobs near you
Infographic showing various Model Risk Governance job openings in New York as of June 2026, with employment types broken down into 1% As Needed, 80% Full Time, 15% Part Time, 3% Temporary, and 1% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $104,027 per year, or $50 per hour.

Senior Consultant - Model Risk Management

Arrayo

Manhattan, NY

Other

Posted 2 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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