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Model Risk Management Jobs (NOW HIRING)

TAB Bank

Model Risk Management Analyst

Ogden, UT · On-site

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner ...

TAB Bank

Model Risk Management Analyst

Ogden, UT

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner ...

Associatedbank

Model Risk Manager

Green Bay, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Omaha, NE · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Chicago, IL · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank - Corp

Model Risk Manager

Omaha, NE · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank - Corp

Model Risk Manager

Chicago, IL · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Minneapolis, MN · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

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Model Risk Management information

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$36.5K

$82.3K

$138K

How much do model risk management jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk management in the United States is $82,330.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,500.00 and $90,500.00 per year, depending on experience, location, and employer.

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

To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.

What are some common challenges faced by professionals in Model Risk Management roles?

Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.

What is a Model Risk Management job?

A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.

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Model Risk Management jobs near you
Model Risk Management Analyst

Model Risk Management Analyst

First Hawaiian, Inc.

Honolulu, HI

$62K - $77K/yr

Full-time

Re-posted 6 days ago

First Hawaiian Bank rating

8.0

Company rating: 8.0 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

58th of 149 rated banks

Job description

First Hawaiian Bank is currently seeking a Model Risk Management Analyst to join the team in the Analytics Risk Management department.

Compensation:

The pay range for the role is $62,000 - $77,000/yr; commensurate with experience

Work Schedule:

Monday - Friday 8:00AM - 5:00PM (hours may vary)

The ideal candidate will have:

  • Bachelor's degree in a quantitative field such as finance, mathematics, economics, statistics, or a related discipline required
  • Master's degree in a quantitative field such as finance, mathematics, economics, statistics, or a related discipline preferred
  • Two years of professional experience in risk management or compliance with demonstrated ability to administer and enhance governance platforms and systems of record, including reporting, dashboarding and workflow management; or one year of professional experience in risk management and one year of experience in system administration, with demonstrated ability to administer and enhance governance platforms and systems of record, including reporting, dashboarding, and workflow management required
  • Understanding of bank products and services, with a continuous focus on improving how they are supported, measured and governed
  • Practical, working knowledge of data science methodologies, statistical concepts and analytical thinking, with the ability to critically evaluate model machine learning performance
  • Familiarity with agentic and generative AI frameworks and tools, with a mindset toward continuous improvement and innovation
  • Strong understanding of risk management, compliance, and/or governance functions, with an eye toward identifying efficiencies and strengthening controls
  • Exposure to model risk management concepts, including model inventory management, validation, monitoring, and issue tracking, with a focus on process improvement and optimization
  • Ability to quickly learn complex systems, including risk management platforms, reporting tools and internal workflows
  • Comfortable working independently while coordinating across business lines, risk teams and technical stakeholders
  • Excellent communication, interpersonal and presentation skills, both written and verbal. Technical writing skills and experience with model documentation are preferred
  • Strong attention to detail with the ability to identify gaps, inconsistencies, and data quality issues 
  • Ability to handle confidential information with professionalism and discretion 
  • Highly organized, with strong time-management skills and the ability to independently manage multiple governance activities and deadlines simultaneously

The Model Risk Management Analyst plays a key role in executing and implementing the Bank's Model Risk Management Program. This position is primarily responsible for model governance and monitoring activities, including tracking, coordinating, and reporting model risk activities across the model lifecycle. This role requires close collaboration with stakeholders such as model owners and model developers, as well as effective skills in developing audit-ready reporting and documentation, producing oversight committee materials, and maintaining and customizing the Model Risk Management team's governance system. The Model Risk Management Analyst is detail-oriented, analytical, organized and ethical. 

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