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Model Risk Management Jobs in Delaware (NOW HIRING)

Td

Risk Manager I (US)

Wilmington, DE

$91K - $136K/yr

Experience in data modeling and risk management either from a business administration, statistical, mathematical, scientific or financial background * Excellent written and verbal communication ...

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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 Jun 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 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 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 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 $82,401 per year, or $39.6 per hour.
Quant Analytics Card Finance Senior Associate

Quant Analytics Card Finance Senior Associate

JP Morgan Chase

Wilmington, DE • On-site

$83K - $103K/yr

Full-time

Medical, Retirement

Posted 18 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 470 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Join our Credit Strategy Forecasting & Model Governance team within Consumer and Business Banking for an exciting opportunity to develop, maintain, and govern quantitative forecasting frameworks that estimate customer credit behavior and engagement over multiple years horizons. 

As a Senior Associate on the Card Finance Analytics team, you will serve as a key liaison between Risk, Finance, and Analytics teams, ensuring that forecasting models are methodologically sound, well-documented, and compliant with internal governance standards. As a high-visibility role, you will have direct impact on how the business evaluates the profitability and risk of credit line management strategies. Your outputs will directly inform financial planning, investment decisions, and risk management strategies across the credit card portfolio.

Job Responsibilities

  • Build and maintain multiyear forecasting models to estimate incremental customer engagement outcomes (outstanding balances, spend, and revolving behavior) driven by credit line management actions. 

  • Develop and validate stepup factor methodologies to translate Year 1 results into Year 2 and Year 3 projections using historical vintages and segmentation frameworks.

  • Design and apply control group approaches (e.g., holdouts, matched pairs) to isolate incremental impacts of credit strategies on customer behavior. 

  • Incorporate recency adjustments and business judgment overlays to reflect current portfolio trends, macroeconomic conditions, and strategy changes. 

  • Provide core engagement metric inputs (incremental balances, salestobalance, revolve rates) to Finance for multiyear NPV and PTI calculations. 

  • Support trimesterbased investment review processes with timely, welldocumented forecasts to evaluate profitability of credit strategy decisions. 

  • Partner with Finance to align methodologies, reconcile assumptions, and ensure consistency between risk forecasts and financial planning outputs. 

  • Perform ongoing performance monitoring by comparing forecasts to actual outcomes across multiple horizons (Years 1-3). 

  • Track forecast accuracy using standardized error metrics (e.g., NMAD, MAPE), conduct stability testing of stepup factors, and refine methodologies when thresholds are breached. 

  • Maintain robust model governance, including comprehensive documentation, version control, approvals, audit readiness, and remediation of identified gaps. 

  • Collaborate crossfunctionally with Risk Strategy, Finance, and Analytics partners to align assumptions, present results, obtain leadership signoff, and support knowledge transfer.

Required qualifications, capabilities and skills

  • Bachelor's or Master's degree in Statistics, Mathematics, Economics, Finance, Engineering, or a related quantitative field.

  • 4+ years of experience in credit risk analytics, multi-year financial forecasting, or model development

  • Proficiency in Microsoft Excel for financial modeling and output presentation

  • Strong proficiency in statistical and financial modeling, including time-series analysis, segmentation, and extrapolation techniques.

  • Hands-on experience with SAS and/or SQL for extracting, transforming, and summarizing large datasets from enterprise data warehouses.

  • Solid understanding of outstanding balances, revolving behavior, sales activity, and NPV and P&L frameworks.

  • Familiarity with model risk management principles, including documentation standards, performance monitoring, and independent review processes.

  • Ability to clearly articulate complex analytical findings to both technical and non-technical audiences, including senior leadership.

  • Strong commitment to data accuracy, reconciliation, and quality control in a regulated environment.

  • Demonstrated ability to work effectively across Risk, Finance, and Analytics functions in a matrixed organization.

Preferred qualifications, capabilities, and skills

  • Experience with or knowledge of credit card, lending and/or banking industries

  • Experience with Python, Tableau, Alteryx, Databricks, Essbase

  • Experience with cloud-based data platforms (e.g., Snowflake) is a plus.

  • Experience with matched-pair or propensity score matching methodologies for constructing synthetic control groups.

  • Familiarity with credit line management strategies, including proactive and customer-requested line increase programs, and their impact on customer engagement and portfolio profitability.

  • Prior experience supporting model governance reviews or working within a model risk management framework at a financial institution.

Additional Information

Applicants must be authorized to work for any employer in the U.S. We are not able to provide immigration sponsorship or take over sponsorship of an employment Visa at this time.

Final Job Grade level and corporate title will be determined at time of offer and may differ from this posting.

This role does not provide relocation assistance so all candidates must be local to the work locations listed in the job posting or willing to relocate on their own immediately upon hiring.

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs. 

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.  We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Equal Opportunity Employer/Disability/Veterans

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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