Governs the risk management program for a line of business through developing risk management ... Live the Values - Role models our values with transparency and courage. * Enable Change - Takes ...
Governs the risk management program for a line of business through developing risk management ... Live the Values - Role models our values with transparency and courage. * Enable Change - Takes ...
Travelers Enterprise Catastrophe Risk Management is seeking a Senior Manager to join our Actuarial ... Catastrophe modeling experience is a plus but not required. Success in this role requires strong ...
Travelers Enterprise Catastrophe Risk Management is seeking a Senior Manager to join our Actuarial ... Catastrophe modeling experience is a plus but not required. Success in this role requires strong ...
The Opportunity As a Risk Management - Contract Specialist - Managed Services - Senior Manager, you will lead initiatives in enterprise risk management, focusing on business continuity, risk model ...
The Opportunity As a Risk Management - Contract Specialist - Managed Services - Senior Manager, you will lead initiatives in enterprise risk management, focusing on business continuity, risk model ...
Investment Risk Analyst
Minneapolis, MN · On-site
$87K - $120K/yr
Excellent analytical capabilities and ability to understand quantitative models Good general understanding of investment management and financial risk management Capable of taking initiative on ...
Investment Risk Analyst
Minneapolis, MN · On-site
$87K - $120K/yr
Excellent analytical capabilities and ability to understand quantitative models Good general understanding of investment management and financial risk management Capable of taking initiative on ...
... management, focusing on business continuity and risk model implementation. You will guide teams in identifying and mitigating risks, confirming that operations and core business functions remain ...
... management, focusing on business continuity and risk model implementation. You will guide teams in identifying and mitigating risks, confirming that operations and core business functions remain ...
Cybersecurity Risk Manager
Minnetonka, MN · On-site +1
$70K - $140K/yr
Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...
Cybersecurity Risk Manager
Minnetonka, MN · On-site +1
$70K - $140K/yr
Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...
Cybersecurity Risk Manager
Minnetonka, MN · On-site +1
$70K - $140K/yr
Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...
Cybersecurity Risk Manager
Minnetonka, MN · On-site +1
$70K - $140K/yr
Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...
You will partner with teammates and stakeholders in credit portfolio risk management, finance, model validation, and audit by providing clear summaries, well-organized materials, and reproducible ...
You will partner with teammates and stakeholders in credit portfolio risk management, finance, model validation, and audit by providing clear summaries, well-organized materials, and reproducible ...
... management/delivery certifications. * Experience in managed services or Finance Operate delivery environments. * Knowledge of AI/automation governance considerations (model risk, auditability, bias ...
... management/delivery certifications. * Experience in managed services or Finance Operate delivery environments. * Knowledge of AI/automation governance considerations (model risk, auditability, bias ...
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
Insurance Risk Manager - Minneapolis, MN
Minneapolis, MN · On-site
$90K - $120K/yr
This role leads incident and claims management, oversees insurance programs, prepares risk ... Model Midco's mission, vision, values, ethos, and Leadership Success Drivers, and inspire others to ...
Insurance Risk Manager - Minneapolis, MN
Minneapolis, MN · On-site
$90K - $120K/yr
This role leads incident and claims management, oversees insurance programs, prepares risk ... Model Midco's mission, vision, values, ethos, and Leadership Success Drivers, and inspire others to ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
Vision | We create the future of credit risk management through data, analytics, and risk process ... used in model operations. * Develop and manage automated data pipelines and containerized ...
QRM - Contractual Deal Strategy, LSHC Contracting and Risk Management - Manager - C_MAT
$92K - $124K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
QRM - Contractual Deal Strategy, LSHC Contracting and Risk Management - Manager - C_MAT
$92K - $124K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
Demonstrated expertise in AI ethics, fairness evaluation, and model risk management * Proven sound analytical, problem-solving, and strategic thinking skills * Experience within healthcare systems ...
Demonstrated expertise in AI ethics, fairness evaluation, and model risk management * Proven sound analytical, problem-solving, and strategic thinking skills * Experience within healthcare systems ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems, Cyber/Information Security, Legal, Model, Conduct, Data Management, and Fiduciary. Objective risk ...
Senior Product Manager - AI Solutions
$128K - $169K/yr
... model risk management, governance, explainability, fairness, and regulatory compliance. This individual drives the integration of AI capabilities into existing lending platforms and operational ...
Senior Product Manager - AI Solutions
$128K - $169K/yr
... model risk management, governance, explainability, fairness, and regulatory compliance. This individual drives the integration of AI capabilities into existing lending platforms and operational ...
Enterprise Risk Portfolio Lead (hybrid in MN)
Minneapolis, MN · On-site
$95K - $171K/yr
Through our understanding of Target's business models and operations, we help facilitate Target ... Target is strengthening its enterprise risk management capabilities to meet increasing complexity ...
Enterprise Risk Portfolio Lead (hybrid in MN)
Minneapolis, MN · On-site
$95K - $171K/yr
Through our understanding of Target's business models and operations, we help facilitate Target ... Target is strengthening its enterprise risk management capabilities to meet increasing complexity ...
Model Risk Management information
See Minnesota salary details
$35.7K - $44.8K
4% of jobs
$44.8K - $53.8K
13% of jobs
$60.4K is the 25th percentile. Wages below this are outliers.
$53.8K - $62.9K
11% of jobs
$62.9K - $71.9K
16% of jobs
The median wage is $74.2K / yr.
$71.9K - $80.9K
25% of jobs
$85.5K is the 75th percentile. Wages above this are outliers.
$80.9K - $90K
13% of jobs
$90K - $99K
8% of jobs
$99K - $108K
3% of jobs
$108K - $117.1K
1% of jobs
$117.1K - $126.1K
1% of jobs
$126.1K - $135.2K
5% of jobs
$35.7K
$80.6K
$135.2K
How much do model risk management jobs pay per year?
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.
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 14 days ago
PNC Bank rating
7.7
Based on 340 frontline employees who took The Breakroom Quiz
78th of 146 rated banks
Job description
Governs the risk management program for a line of business through developing risk management strategies and overseeing program execution. Supervises the development of a comprehensive Risk Management Framework to define control expectations in a consistent and transparent management approach.
Champions the risk management programs and is accountable for setting strategic direction and stability for relevant business functions.
Oversee execution of the risk management program within and/or across the lines of business to ensure bank is meeting federal, state, agency, legal and regulatory requirements. Increase the stability and predictability of operations and processes within a manageable risk appetite.
Leads risk identification and assessment in working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Oversee and executes changes in internal and external factors and identifies emerging risks.
Responsible for the development and execution of policy and procedure and provides complex technical subject matter findings, recommendations and results and trends to the organization, executive management and appropriate management committees.
Ensure financial (risk & performance) and non-financial (risk & performance) business reporting inventories exist and provide appropriate shared sight-lines to all material aspects of business risk & performance, and are reviewed and discussed as appropriate with managers, Executives and/or in formal governance forums. Coordinate LOB Risk Committee Agenda, materials and minutes.
Monitor Risk Appetite/KRI metrics reporting and ensure limit breach plans are appropriate to manage risk with respective LOB owners to ensure remediation actions are appropriate.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
- Responsible for the oversight of risk management strategies and program execution. Typically manages manager(s) and serves as a senior risk advocate for the risk management program.
- Owns the risk management programs and is accountable for setting strategy for relevant business function while meeting business and regulatory expectations.
- Oversees the timely and proper execution of the risk management program within and/or across the lines of business.
- Provides risk expertise while working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Monitors changes in internal and external factors and identifies emerging risks.
- Manages and engages employees and develops internal capabilities. May manage individual contributors and/or managers.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
- Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
- Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:
- Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
- Live the Values - Role models our values with transparency and courage.
- Enable Change - Takes action to drive change and innovation that will transform our business.
- Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
- Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred SkillsChange Management, Conflict Management, Crisis Management, Emerging Risks, Influencing Change, Operations Management, Risk Management Programs, Strategic PlanningCompetenciesCollaborating, Decision Making and Critical Thinking, Effective Communications, Industry Knowledge, Internal Controls, Operational Risk, Organizational Governance, Regulatory Environment - Financial ServicesWork ExperienceRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry-relevant experience is typically 8+ years. At least 5 years of prior management experience is typically required. Proven leadership experience with a moderate to large scope of responsibility is required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Pay TransparencyBase Salary: $146,300.00 - $298,870.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education.Application WindowGenerally, this opening is expected to be posted for two business days from 06/25/2026, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.To learn more about these and other programs, including benefits for full time and part-time employees, visitpncthrive.com.
Disability Accommodations StatementIf an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
California ResidentsRefer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
About PNC Bank
Sourced by ZipRecruiter
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Pittsburgh, PA, US
Year founded
1852