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Model Risk Management Jobs in Massachusetts (NOW HIRING)

Advanced Data Risk Management

BIM Modeler

Woburn, MA · On-site +1

$28 - $45/hr

We safeguard organizations' critical assets through data-driven risk management solutions. In ... Support model audits and quality checks under the direction of the BIM Manager or Project Lead

Boston Medical Center

Risk Manager

Boston, MA · On-site

$78K - $113K/yr

... management of potential risks and liabilities within Boston Medical Center (BMC) and serves as a role model displaying behaviors that support a strong culture of safety. The Risk Manager responds to ...

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All JobsModel Risk Management JobsModel Risk Management Jobs in Massachusetts

Model Risk Management information

See Massachusetts salary details

$39.9K

$89.9K

$150.7K

How much do model risk management jobs pay per year?

As of Jun 22, 2026, the average yearly pay for model risk management in Massachusetts is $89,914.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,300.00 and $98,800.00 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 Massachusetts? The most popular types of Model Risk Management jobs in Massachusetts are:
What are popular job titles related to Model Risk Management jobs in Massachusetts? For Model Risk Management jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Massachusetts look for? The top searched job categories for Model Risk Management jobs in Massachusetts are:
What cities in Massachusetts are hiring for Model Risk Management jobs? Cities in Massachusetts with the most Model Risk Management job openings:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Massachusetts as of June 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $89,914 per year, or $43.2 per hour.
Technology Risk Advisory - AI Risk Senior Associate

Technology Risk Advisory - AI Risk Senior Associate

RSM

Cambridge, MA • On-site

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.

Role Overview

The Technology Risk Advisory - AI Risk Senior Associate will play a key role in helping clients strengthen their technology, AI, and cybersecurity risk capabilities. You’ll support the design, assessment, and governance of AI and GenAI systems, evaluate cloud and data controls, and contribute to emerging risk frameworks that keep pace with rapid innovation.

This role blends hands‑on technical exposure with structured risk thinking—ideal for someone who can navigate both model development concepts and regulatory expectations.

Key Responsibilities

  • AI/ML Risk Assessments — Support and execute risk and compliance assessments for AI/ML and GenAI systems, including model lifecycle controls, data governance, and responsible AI considerations.
  • Technology & Cloud Compliance — Evaluate IT, cloud, and data environment controls (IAM, encryption, logging, monitoring, network segmentation).
  • Model Governance Support — Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems.
  • Emerging Technology Risk — Support assessments related to GenAI, automation, cloud-native architectures, and digital transformation initiatives.
  • Software & Data Engineering Fundamentals — Apply understanding of APIs, data pipelines, testing, and version control to evaluate technical risk.
  • Cross‑Functional Collaboration — Work with engineering, data science, cybersecurity, model risk, and audit teams across the 1st and 2nd lines of defense.
  • Client Delivery — Support workplans, manage assigned tasks, gather requirements, and contribute to high‑quality client deliverables.
  • Risk Translation — Translate technical design elements (data flows, model behavior, system architecture) into clear risk considerations.
  • Communication & Reporting — Prepare documentation, assessment outputs, and stakeholder‑ready reporting that simplifies complex AI and technology concepts.

Required Experience & Qualifications

  • Bachelor’s or Master’s degree in Computer Science, Engineering, Data Science, Information Systems, Risk, or related field.
  • 2–5 years supporting delivery of technology solutions, with exposure to AI/ML or GenAI and experience in risk, compliance, audit, or regulated environments.
  • Working knowledge of modern ML/GenAI stacks (Python, model development frameworks, embeddings, RAG concepts).
  • Hands‑on contribution to model development, evaluation, or implementation.
  • Experience assessing or implementing AI systems on cloud platforms (IAM, encryption, data governance, environment controls).
  • Solid understanding of software engineering fundamentals: APIs, data pipelines, testing, version control, CI/CD exposure.
  • Ability to translate technical design into risk and control implications with guidance.
  • Experience supporting AI governance and model risk documentation.
  • Strong analytical and problem‑solving skills with the ability to structure ambiguous problems.
  • Consulting fundamentals: requirement gathering, task management, coordination across teams.
  • Effective communicator able to translate technical concepts into clear business and risk language.

Preferred Qualifications

  • Certifications such as AAIA, AAISM, AIGP, CISA, CISSP, CCSP, CRISC, or AI‑focused credentials.
  • Experience with AI risk frameworks, responsible AI principles, or cloud compliance programs.

At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $77,700 - $146,900

Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

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