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Model Risk Management Jobs in Maryland (NOW HIRING)

Peraton

Risk Analysis Engineer

Annapolis Junction, MD · On-site

$86K - $138K/yr

Experience with Monte Carlo simulation and probabilistic modeling * Understanding of risk management frameworks and methodologies * Experience with data visualization for analytical outputs * Strong ...

Peraton

Risk Analysis Engineer

Annapolis Junction, MD

$86K - $138K/yr

Experience with Monte Carlo simulation and probabilistic modeling * Understanding of risk management frameworks and methodologies * Experience with data visualization for analytical outputs * Strong ...

T Rowe Price

Director, Fixed Income Risk

Baltimore, MD · On-site

Risk management experience with High Yield bonds and Bank Loans. * Experience using Bloomberg's GRM/TRM or PORT models for fixed income analysis, risk management, scenario analysis, and multifactor ...

Deloitte

Financial Risk Manager

Baltimore, MD

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

EagleBank

Verafin Model Administrator

Bethesda, MD · On-site

$80.83K - $129.32K/yr

Understanding of model risk management principles Preferences: * Experience with scenario tuning and model optimization in financial crimes detection systems * Experience with SQL or other database ...

T Rowe Price

Senior Equity Risk Manager

Baltimore, MD · On-site

In addition to possessing risk modeling expertise, the senior manager must demonstrate a thorough understanding of equity investment strategies, markets, and macroeconomic risk drivers. Effective ...

EagleBank

Verafin Model Administrator

Bethesda, MD · Hybrid

$80.83K - $129.32K/yr

Understanding of model risk management principles Preferences: * Experience with scenario tuning and model optimization in financial crimes detection systems * Experience with SQL or other database ...

EagleBank

Verafin Model Administrator

Bethesda, MD · Hybrid

$80.83K - $129.32K/yr

Understanding of model risk management principles Preferences: * Experience with scenario tuning and model optimization in financial crimes detection systems * Experience with SQL or other database ...

EagleBank

Verafin Model Administrator

Bethesda, MD · Hybrid

$80.83K - $129.32K/yr

Understanding of model risk management principles Preferences: * Experience with scenario tuning and model optimization in financial crimes detection systems * Experience with SQL or other database ...

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Model Risk Management information

See Maryland salary details

$35.4K

$79.9K

$133.9K

How much do model risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk management in Maryland is $79,904.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,700.00 and $87,800.00 per year, depending on experience, location, and employer.

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 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.
More about Model Risk Management jobs
What are the most commonly searched types of Model Risk Management jobs in Maryland? The most popular types of Model Risk Management jobs in Maryland are:
What are popular job titles related to Model Risk Management jobs in Maryland? For Model Risk Management jobs in Maryland, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Maryland look for? The top searched job categories for Model Risk Management jobs in Maryland are:
What cities in Maryland are hiring for Model Risk Management jobs? Cities in Maryland with the most Model Risk Management job openings:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Maryland as of May 2026, with employment types broken down into 3% As Needed, 94% Full Time, and 3% Part Time. Highlights an 81% In-person, 11% Hybrid, and 8% Remote job distribution, with an average salary of $79,904 per year, or $38.4 per hour.
Risk Analysis Engineer

Risk Analysis Engineer

Peraton

Annapolis Junction, MD • On-site

$86K - $138K/yr

Full-time

Posted 11 days ago

Peraton rating

8.3

Company rating: 8.3 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

38th of 203 rated it services

Job description

Responsibilities

Peraton Labs is seeking a Risk Analysis Engineer to develop automated risk analysis capabilities including risk register management, risk identification from unstructured sources, Monte Carlo simulation, and cross-portfolio risk cascade modeling. Enables program offices to move from reactive risk management to proactive, data-driven risk intelligence.

Key Responsibilities

  • Build risk register management capabilities: creation, tracking, scoring, mitigation planning, and closure workflows
  • Develop automated risk identification from unstructured sources (meeting notes, emails, briefings) using NLP-extracted signals
  • Implement Monte Carlo simulation engines for schedule risk analysis (SRA) and cost risk analysis
  • Design risk scoring models that combine traditional likelihood/impact matrices with NLP-detected risk signals
  • Build risk interconnection mapping that models how risks cascade across programs within a portfolio
  • Develop risk trend analysis and burn-down tracking
  • Implement risk reporting and visualization data outputs (risk matrices, tornado diagrams, S-curves)
  • Collaborate with PM Domain Analysts to validate risk models against established frameworks
Qualifications

Required Qualifications

  • 5+ years of experience with a Bachelor's degree, 3+ years with a Master's degree, or a PhD in Engineering, Mathematics, Statistics, or related field; Master's preferred
  • History of professional software engineering experience with quantitative analysis or risk modeling focus
  • Strong Python proficiency; experience with statistical computing (NumPy, SciPy, pandas)
  • Experience with Monte Carlo simulation and probabilistic modeling
  • Understanding of risk management frameworks and methodologies
  • Experience with data visualization for analytical outputs
  • Strong mathematical and statistical reasoning skills
  • US Citizenship with the ability to obtain/maintain a Secret clearance

Preferred Qualifications

  • Experience with defense program risk management (DoD Risk, Issue, and Opportunity Management Guide)
  • Familiarity with schedule risk analysis tools (Polaris, Primavera Risk Analysis)
  • Experience with Bayesian networks or causal modeling
  • Knowledge of portfolio risk aggregation techniques
Peraton Overview

Peraton is a next-generation national security company that drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world's leading mission capability integrator and transformative enterprise IT provider, we deliver trusted, highly differentiated solutions and technologies to protect our nation and allies. Peraton operates at the critical nexus between traditional and nontraditional threats across all domains: land, sea, space, air, and cyberspace. The company serves as a valued partner to essential government agencies and supports every branch of the U.S. armed forces. Each day, our employees do the can't be done by solving the most daunting challenges facing our customers. Visit peraton.com to learn how we're keeping people around the world safe and secure.

Target Salary Range$86,000 - $138,000. This represents the typical salary range for this position. Salary is determined by various factors, including but not limited to, the scope and responsibilities of the position, the individual's experience, education, knowledge, skills, and competencies, as well as geographic location and business and contract considerations. Depending on the position, employees may be eligible for overtime, shift differential, and a discretionary bonus in addition to base pay.EEOEEO: Equal opportunity employer, including disability and protected veterans, or other characteristics protected by law.Employment Type: FULL_TIME

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Hours and flexibility

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About Peraton

Sourced by ZipRecruiter

At Peraton, we re at the forefront of delivering the next big thing every day. We re the partner of choice to help solve some of the world s most daunting challenges, delivering bold, new solutions to keep people around the world safer and more secure.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Herndon, VA, US

Year founded

2017

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