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Model Risk Management Jobs in Delaware (NOW HIRING)

Sallie Mae

Manager, Model Risk

Newark, DE · On-site

Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. * Oversee the validation and testing ...

Sallie_mae

Manager, Model Risk

Newark, DE · On-site

Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. * Oversee the validation and testing ...

Luxoft

AI Governance & Controls Lead

Wilmington, DE · On-site

$140 - $190/hr

This role partners closely with Technology Risk Management, Model Risk Management, Compliance, Cybersecurity, Enterprise Architecture, and the enterprise AI platform team to ensure every AI use case ...

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All JobsModel Risk Management JobsModel Risk Management Jobs in Delaware

Model Risk Management information

See Delaware salary details

$36.5K

$82.4K

$138.1K

How much do model risk management jobs pay per year?

As of Aug 19, 2026, the average yearly pay for model risk management in Delaware is $82,401.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,600.00 and $90,600.00 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 Delaware?

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

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

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

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

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

Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Delaware as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $82,401 per year, or $39.6 per hour.

Manager, Model Risk

Sallie Mae

Newark, DE • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 13 days ago

Sallie Mae rating

7.6

Company rating: 7.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

When you join Sallie Mae, you become a champion for all students.
We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.
We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute
The Manager, Model Risk will be responsible for ensuring the accuracy, integrity, and compliance of our organization's financial models and risk assessment tools.
What You'll Do
  • May manage a Model Risk team and provide guidance, support, and mentorship to team members.
  • Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
  • Oversee the validation and testing of financial models, including model development, data analysis, calibration, and documentation.
  • Assess and evaluate the effectiveness and limitations of existing models and identify areas for improvement.
  • Collaborate with cross-functional teams to understand business needs and requirements and ensure that models align with organizational objectives.
  • Conduct periodic model risk assessments, including model governance, validation, and ongoing monitoring, to identify and mitigate potential risks.
  • Prepare and present reports on model risk to senior management and regulatory bodies.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What you have
Minimum: Indicate minimum education, skills and experience required.
  • Strong knowledge of quantitative analysis, statistical techniques, and risk assessment methodologies.
  • Familiarity with regulatory requirements and the ability to interpret and implement them.
  • Proficiency in programming languages such as Python or R, along with experience working with statistical packages.
  • Excellent analytical and problem-solving skills, with the ability to evaluate complex financial models and identify potential risks.
  • Strong leadership and team management abilities, with a track record of effectively leading and developing teams.
  • Exceptional written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Preferred: Indicate "nice to haves" regarding education, skills, and experience.
  • Bachelor's degree in finance, mathematics, statistics, economics, or a related field.
  • 5 years of experience in model risk management, financial modeling, or a related field within the financial services industry.

The Americans with Disabilities Act
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.
Feeling your best helps you do your best:
Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term/long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities

Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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