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Model Risk Management Jobs in California (NOW HIRING)

Capgroup

AI Risk Specialist

Los Angeles, CA · On-site

$106K/yr

  • Medical

  • Life

  • Retirement

Security risk management * AI model and system lifecycle * AI failure modes and risk characteristics * Responsible AI practices. * You are familiar with Agentic AI workflows * You have experience ...

Avidbank

SVP, Enterprise Risk Management Officer

San Jose, CA · Hybrid

$180K - $240K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Provide second-line oversight of core risk disciplines, including operational risk, model risk ... Strong knowledge of banking risk management, governance, internal controls, risk appetite, issue ...

Avidbank

SVP, Enterprise Risk Management Officer

San Jose, CA · On-site

$180K - $240K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Provide second-line oversight of core risk disciplines, including operational risk, model risk ... Strong knowledge of banking risk management, governance, internal controls, risk appetite, issue ...

Avidbank

SVP, Enterprise Risk Management Officer

San Jose, CA · On-site

$180K - $240K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Provide second-line oversight of core risk disciplines, including operational risk, model risk ... Strong knowledge of banking risk management, governance, internal controls, risk appetite, issue ...

Netflix, Inc.

Head of Risk Management

Los Angeles, CA · On-site

$350 - $600/hr

  • Medical

  • Life

  • Retirement

  • PTO

Manage the company's Total Cost of Risk, optimizing the balance between risk transfer, retention ... Knowledge and experience with insurance economics and underwriting business model * Experience ...

Netflix

Head of Risk Management

Los Angeles, CA

  • Medical

  • Life

  • Retirement

  • PTO

Manage the company's Total Cost of Risk, optimizing the balance between risk transfer, retention ... models. Drive the evaluation and implementation of alternative risk financing solutions (e.g ...

Netflix

Head of Risk Management

Los Angeles, CA

  • Medical

  • Life

  • Retirement

  • PTO

Develop and evolve insurance products and risk management solutions that balance Netflix's risk philosophy with business and operational needs, including new and emerging business models. * Drive the ...

Netflix

Head of Risk Management

Los Angeles, CA · On-site

  • Medical

  • Life

  • Retirement

  • PTO

Develop and evolve insurance products and risk management solutions that balance Netflix's risk philosophy with business and operational needs, including new and emerging business models. * Drive the ...

Netflix

Head of Risk Management

Los Angeles, CA · On-site

  • Medical

  • Life

  • Retirement

  • PTO

Develop and evolve insurance products and risk management solutions that balance Netflix's risk philosophy with business and operational needs, including new and emerging business models. * Drive the ...

AECOM

Risk Management Sr Manager

Los Angeles, CA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

West and Canada Program Risk Management Lead. As an industry leader in program management and ... Review and analyze integrated cost and schedule risk models to validate assumptions and outputs.

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Showing results 21-40

All JobsModel Risk Management JobsModel Risk Management Jobs in California

Model Risk Management information

See California salary details

$36K

$81.3K

$136.2K

How much do model risk management jobs pay per year?

As of Aug 19, 2026, the average yearly pay for model risk management in California is $81,252.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,700.00 and $89,300.00 per year, depending on experience, location, and employer.

What is a model risk management?

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.

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 are the key skills and qualifications needed to thrive in model risk management, 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 does a model risk management do?

A model risk management professional oversees the identification, assessment, and mitigation of risks associated with financial and operational models. They ensure models are accurate, reliable, and compliant with regulations, often using validation tools and statistical analysis. This role helps prevent financial loss and supports decision-making processes within organizations.

What are the most commonly searched types of Model Risk Management jobs in California?

The most popular types of Model Risk Management jobs in California are:

What are popular job titles related to Model Risk Management jobs in California?

For Model Risk Management jobs in California, the most frequently searched job titles are:

What job categories do people searching Model Risk Management jobs in California look for?

The top searched job categories for Model Risk Management jobs in California are:

What cities in California are hiring for Model Risk Management jobs?

Cities in California with the most Model Risk Management job openings:

Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in California as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $81,252 per year, or $39.1 per hour.

VP, Operational Risk Business Partner - Risk Management

Cathay Bank

El Monte, CA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 13 days ago

Job description

People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset, and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
The Operational Risk Business Partner (ORBP) is part of our Second Line of Defense (2LOD) Operational Risk Management (ORM) function. ORBP will serve as a pivotal partner to front-line risk managers and business units in designing, executing, and maturing the bank's Risk and Control Self-Assessment (RCSA) program. ORBP will provide expert challenge, guidance, and subject-matter expertise to ensure robust risk identification, assessment, monitoring, and reporting. ORBP will collaborate with second-line SMEs to translate risk insights into actionable improvements, contribute to the development of key risk indicators (KRIs), and drive risk culture and training across divisions. This is an individual contributor role focused on delivering results through advice, governance, and expert guidance rather than direct team management.
ESSENTIAL FUNCTIONS
  • Lead and coordinate the annual end to end and ongoing RCSA process with front-line risk managers across business units.
  • Provide independent oversight of operational risk management activities performed by the First Line of Defense.
  • Provide strong, constructive challenge to ensure comprehensive risk and control identification, assessment, and documentation. Validate risk ratings, control effectiveness, residual risk levels, and action plans; ensure consistency with policy standards and escalation thresholds. Review and approve risk and control narratives, risk taxonomy alignment, and control owner accountability.
  • Act as a trusted advisor to business unit risk champions and process owners, offering expert guidance on risk controls, control design, and risk acceptance criteria. Facilitate risk workshops, interviews, and scenario analysis to surface emerging risks and ensure timely remediation. Facilitate constructive dialogue between 1LOD and risk governance functions.
  • Lead the development, validation, and enhancement of the bank's Key Risk Indicators (KRIs) in partnership with owners and SMEs. Monitor KRI performance, perform trend analysis, and recommend risk-reduction actions or escalation when indicators breach thresholds. Integrate KRI results into governance forums and reporting to senior management and risk committees.
  • Design and deliver risk training programs, workshops, and communications to enhance risk awareness and control practices across divisions. Develop practical guidance, playbooks, and toolkits to standardize risk assessment methodologies and control testing approaches.
  • Collaborate with second-line SMEs (e.g., IT, cyber, information security, business continuity, model risk, compliance) to incorporate their assessments into the RCSA and KRIs. Translate SME findings into actionable risk actions, monitoring plans, and escalation paths.
  • Support the development and maintenance of risk libraries, control dictionaries, and standard risk assessment criteria.
  • Prepare and present risk and control status, themes, and remediation progress to risk committees, governance forums, and senior leadership.
  • Maintain issue and remediation tracking, ensuring timely closure and evidence of control improvements by conducting validation of all remediation plans by 1LOD.
  • Contribute to policy interpretation, standards, and procedures related to operational risk and RCSA practices.
  • Maintain high-quality RCSA documentation, control catalogs, and risk registers in the risk management systems.
  • Support New Product and services launch risk assessments.
  • Perform data-driven analyses to identify patterns, gaps, and opportunities for risk reduction.
  • Identify opportunities to enhance RCSA efficiency, consistency, and effectiveness through process improvements, automation, and technology solutions.
  • Participate in GRC system enhancement projects and user acceptance testing for risks systems.
  • Promote a strong risk culture by driving accountability, constructive challenge, and timely escalation of issues.
  • Stay current on regulatory expectations, industry.

QUALIFICATIONS
Education:
  • Bachelor's degree in Finance, Risk Management, Business Administration, or related discipline (Master's preferred)

Experience:
  • Minimum 5-7 years of experience in operational risk, RCSA, incident and issue management, internal controls, or audit within financial services or a similarly regulated industry.
  • Demonstrated ability to challenge front-line risk managers and influence risk-based decision making without direct line authority.
  • Prior experience as a second-line risk professional or risk partner with cross-functional collaboration across IT, cyber, information security, business continuity, compliance, and operations.
  • Deep understanding of first line processes and risk/control activities.

Skills/Ability:
  • Understanding of operational risk management principles, frameworks, and methodologies within the financial services industry. This includes knowledge of regulatory requirements (such as Basel III) and industry's best practices.
  • Knowledge of operational risk frameworks (e.g., Basel, ORMF), internal control standards, and incident management tools.
  • Strong analytical and problem-solving skills; ability to interpret data and identify trends.
  • Strong analytical thinking and attention to detail.
  • Excellent communication and stakeholder management abilities.
  • Ability to synthetize complex information into clear, actionable insights.
  • Attention to detail and a proactive mindset, ability to work under tight deadlines.
  • Collaborative mindset with a proactive attitude towards problem-solving.

OTHER DETAILS
$110K - $133K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
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This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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