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Model Risk Management Jobs in California (NOW HIRING)

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 ...

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 ...

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 ...

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 ...

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 ...

AVP, AI Risk and Governance

San Diego, CA · On-site +1

$117K - $195K/yr

The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...

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.

Bachelor's degree in Information Security, Risk Management, Business, Computer Science, or a ... model limitations, and responsible human oversight. * Must be able to commute to San Jose, CA or ...

Showing results 21-40

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 Sep 8, 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 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:

Infographic showing various Model Risk Management job openings in California as of September 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, and 2% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $81,252 per year, or $39.1 per hour.

SENIOR ERM AUDIT MANAGER

San Ramon, CA

Full-time

Posted 9 days ago


Job description

Senior Erm Audit Manager

The Inspection Group, as the Bank's periodic control function (i.e., third line of defense), independently assesses the effectiveness of the permanent control function (i.e., first and second lines of defense) to identify, measure, monitor, and control risks.

The Senior Model Audit Manager will support the ERM Audit Director and work closely with a wide range of bank's officers, including the Chief Risk Officer, the Chief Financial Officer, the Market Risk Manager, the Controller and Treasurer, the Head of Model Validation Group or the Head of Operational Risk in addition to the General Auditor.

The Senior Model Audit Manager will provide an effective challenge over the model risk management activities of both the first and second lines of defense, the model developers, owners, users/operators, validators and governance team. This necessarily includes challenges to model validations, up to and including re-performance, as needed. This also includes determining the integrity of management information systems relevant to model risk.

The Senior Model Audit Manager will both supervise and perform audit assignment(s) that assess the strengths and weaknesses of model risk management related controls so that business objectives are met; risks are sufficiently mitigated; policies, procedures and standards are followed; and regulatory expectations are met – particularly in respect of CCAR and the DFA Enhanced Prudential Standards.

Essential Job Functions

Evaluates and formulates improvements in risk assessment process including model development and process redesign.

Ensures that improvements are applied to all bank programs and are in compliance.

Administers continuous monitoring and auditing programs. Applies all changes and improvements.

Qualifications

Education

Bachelor's Degree required

Master's/Advanced Degree preferred

Required Experience

10+ years in Audit or Risk