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Model Risk Management Jobs in California (NOW HIRING)

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and advanced analytics environments. * Translate governance policies into repeatable operational ...

AI Governance

Pasadena, CA · On-site

$130K/yr

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and advanced analytics environments. * Translate governance policies into repeatable operational ...

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and advanced analytics environments. * Translate governance policies into repeatable operational ...

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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 Jun 12, 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 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.

What is the salary of model risk validation?

Model risk validation professionals typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in statistical modeling and regulatory knowledge can earn higher salaries, often exceeding $180,000. Certifications such as FRM or CFA can also influence compensation in this field.

Is model risk management a good career?

Model risk management is a specialized field focused on identifying and mitigating risks associated with financial and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is in demand within financial institutions, regulatory agencies, and consulting firms, making it a stable career choice for those interested in risk analysis and quantitative methods.

What do model risk managers do?

Model risk managers are responsible for identifying, assessing, and mitigating risks associated with financial and operational models used within an organization. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using specialized tools and techniques. Their work helps prevent model errors from leading to financial loss or regulatory issues.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, especially in financial institutions or large corporations.
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:
Infographic showing various Model Risk Management job openings in California as of June 2026, with employment types broken down into 83% Full Time, 15% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $81,252 per year, or $39.1 per hour.
Director, Risk Management (Ambulatory Services) - Risk Management - Full Time 8 Hour Days (Exemp...

Director, Risk Management (Ambulatory Services) - Risk Management - Full Time 8 Hour Days (Exemp...

Keck Medicine of USC

Los Angeles, CA • On-site

Full-time

Posted 7 days ago


Keck Medicine of USC rating

7.7

Company rating: 7.7 out of 10

Based on 51 frontline employees who took The Breakroom Quiz

203rd of 998 rated hospitals


Job description

The Director of Ambulatory Risk Management ("Director") contributes to the day-to-day operations, management, and advancement of Keck Medical System's Ambulatory Risk Management Program. This includes participating in proactive, system-wide risk identification, investigation, mitigation, and risk reduction activities. This role is critical to the commitment of the Integrated Risk Management Department ("Risk Management Department") to deliver collaborative, data-driven risk management and risk mitigation services to the Keck Medical System. The Director serves as a subject matter expert providing risk management consultation and support to providers and staff in the ambulatory setting. Functions include: Coordinating systems to identify, evaluate, monitor, and reduce/eliminate risk exposures Working to identify risk, quantify and prioritize risk, capture, and learn from near misses and good catches, along with being proactive and creating value to the organization Managing occurrence reporting, data collection, analysis, tracking, and trending Consulting and educating management, staff, patients, and guests on risk exposures, prevention, and reduction strategies

Essential Duties:

  • Planning and Organization - Oversees the daily operations of the Ambulatory Risk Management Program. Independently integrates all activities of the Ambulatory Risk Management Program, with clinical programs, health system operations and administration, such as patient safety, patient care services, human resources, physician services, compliance/privacy, etc. Assists the Risk Management Department with system-wide projects, i.e., Culture of Safety, Risk/Patient Safety, TEAMSTEPPS, ensuring programs support unique needs of the ambulatory care environment.
  • Communication - Builds and maintains trust relationships with both internal and external customers to enhance communication regarding risk and safety. Collects and communicates significant information and data to appropriate members of the health care team. Facilitates various risk-related meetings, i.e., critical debriefing, investigations and other meetings, with key internal and external stakeholders. Collaborates with units throughout the ambulatory setting to identify and assess unusual incidents, unexpected outcomes and potential risks, translating learnings into the development of loss prevention strategies.
  • Consultation - Acts as a liaison to administration, management and ambulatory care staff to provide guidance on issues such as consent, patient/family patient care concerns, documentation, disclosure, family conferences, and policy and procedure development. Serves as a resource and consultant for risk management activities on an on-going basis and per request.
  • Education - Leads efforts to increase understanding in the ambulatory setting of patient safety and risk management principles through dedicated educational programs for staff.
  • Patient Safety Events Review, Investigation & Follow-up - Provides comprehensive system analysis of patient safety events utilizing just culture principles and standard processes. Completes required reporting and documentation in accordance with legal, regulatory and accreditation standards and requirements. Investigates, evaluates and analyzes events that threaten or potentially threaten patient safety through the following: review of medical records, identification and interview of staff, collection of data and/or creating timelines, review of related literature, and review of event reporting. Demonstrates knowledge and competency of maintaining event reporting system and review, investigation, and evaluation of harm events per defined process and policy. Focuses on high reliability concepts when developing improvement initiatives and corrective actions.
  • Special Projects/Initiatives - Facilitates and/or participates with various task forces, cabinets, and ad-hoc committees both at the system and entity level to implement identified patient safety and clinical risk initiatives as needed with on-going monitoring and involvement to assure continued progress. Coordinates the selection, presentation, and follow-up of cases to assigned committees.
  • Leadership - Supports the organization and leadership. Acts as a role model to others. Plans for provision of services through provision of appropriate levels of qualified, competent staff. Ensures policies and procedures are in place to support scope of services within the ambulatory environment. Leads the development of department and system-wide risk management metrics. Monitors space/resource requirements and utilization of outside resources.
  • Risk Management - Participates in planning, implementing, managing, monitoring, and documenting an integrated, comprehensive, and proactive risk management program for the Ambulatory Risk Management Program at Keck Medical System. This includes identifying and tracing risk through trend analysis of incidents, leading investigations of adverse events, conducting risk assessments, creating risk registers, prioritizing risk, developing risk mitigation plans, developing corrective action plans and risk reduction strategies, and assisting with formulation and implementation strategies for best practices and risk reduction strategies. Facilitates the development of written procedures and guidelines, as needed, to direct the provision of risk management services effectively across the ambulatory setting. Maintains current and accurate knowledge of regulations, laws, and standards pertaining to the ambulatory setting at Keck Medical System, including, but not limited to, FDA, TJC, AAAHC, NCCA, CDPH, and CMS Conditions of Participation. Knowledge of and abides by the American Society for Healthcare Risk Management (ASHRM) Healthcare Risk Management Code of Professional Conduct. Reports to external agencies, as applicable.
  • Data Management - Administers all aspects of electronic risk management reporting system; planning, implementation, controlling, and oversight. Analyzes data and identifies trends and solutions to reducing harm across the ambulatory setting. Collects and trends patient safety and clinical risk data to guide initiatives and improvement efforts. Demonstrates advanced data management, communication, analytical, and decision-making skills on a consistent basis to effectively work with project teams to understand and respond to meaningful data, generating change at both the entity and system level through the entire project life cycle. Manages, tracks, trends, and analyzes the frequency and causation of general categories and types of incidents and accidents. Assists with analyzing and managing risk management data including management of the on-line incident reporting system and tracking incidences to closure. Audits medical records and monitors performance measures for risk management sentinel events, report events and trends. Assists with FMEA, gap analysis and incident trend analysis.
  • Performs other duties as assigned.

Required Qualifications:

  • Req Bachelor's degree Clinical Degree, Health Care Management, or related field.
  • Req 5-7 years Experience in risk management or experience utilizing risk management, liability, and/or loss control principles
  • Req Knowledge of clinical practices, and statistics.
  • Req Excellent organizational, oral and written communication skills, problem solving, program development, computer skills, strong leadership and team building skills
  • Req Demonstrates ability to utilize effective, appropriate and diplomatic oral and written communication skills.
  • Req Commitment to continuous quality improvement and results driven outcomes.
  • Req Excellent analytical, problem-solving, planning and evaluation skills.


Preferred Qualifications:

  • Pref Master's degree
  • Pref Certified Risk Manager Successful completion of a specialized education program in Risk Management and/or certification in Risk Management.


Required Licenses/Certifications:

  • Req Fire Life Safety Training (LA City) If no card upon hire, one must be obtained within 30 days of hire and maintained by renewal before expiration date. (Required within LA City only)
The annual base salary range for this position is $158,080.00 - $260,832.00. When extending an offer of employment, the University of Southern California considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.

USC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other characteristic protected by law or USC policy. USC observes affirmative action obligations consistent with state and federal law. USC will consider for employment all qualified applicants with criminal records in a manner consistent with applicable laws and regulations, including the Los Angeles County Fair Chance Ordinance for employers and the Fair Chance Initiative for Hiring Ordinance, and with due consideration for patient and student safety. Please refer to theBackground Screening Policy Appendix Dfor specific employment screen implications for the position for which you are applying.

We provide reasonable accommodations to applicants and employees with disabilities. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact USC Human Resources by phone at (213) 821-8100, or by email atuschr@usc.edu. Inquiries will be treated as confidential to the extent permitted by law.

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If you are a current USC employee, please apply to this  USC job posting in Workday by copying and pasting this link into your browser:

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