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Model Risk Management Jobs in New York (NOW HIRING)

Fortitude Re

VP, L&A Risk

Jersey City, NJ · Hybrid

This role supports the Life & Annuity Risk and Model Risk Management Teams in second line risk oversight of a $100bn long-term reinsurance business and the ALM models that at the intersection of ...

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Model Risk Management information

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$39.9K

$90.1K

$151K

How much do model risk management jobs pay per year?

As of Sep 15, 2026, the average yearly pay for model risk management in New York is $90,072.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,400.00 and $99,000.00 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 New York?

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

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

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

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

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

What cities in New York are hiring for Model Risk Management jobs?

Cities in New York with the most Model Risk Management job openings:

Infographic showing various Model Risk Management job openings in New York as of September 2026, with employment types broken down into 93% Full Time, and 7% Temporary. Highlights an 80% In-person, 7% Hybrid, and 13% Remote job distribution, with an average salary of $90,072 per year, or $43.3 per hour.

Risk Management - Program Management - Senior Associate

Manhattan, NY • On-site

JPMorgan Chase & Co
Finance and Insurance • 10K+ employees
Learn more about JPMorgan Chase & Coexternal

Full-time

Medical, Retirement

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

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

Job description

Join JPMorgan Chase and play a pivotal role in Risk Management and Compliance, ensuring the firm's strength and resilience. Use your expertise to anticipate risks and solve challenges that affect our company and communities. Our culture encourages innovative thinking and challenges the status quo. 

As a Model Risk Management - Program Management - Associate, you'll support the management of  model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.  Additionally, you will play a key role in regulatory, audit, and critical capital stress testing exercises such as CCAR. Your responsibilities will also include coordinating with the MRGR policy and MRGR product/technology teams to enhance model risk policy, procedures, and product/technology.
 

Job responsibilities

  • Support model risk coverage activities for the respective MRGR Lines of Business, for example: prepare material for key Risk Committees and Forums, and model risk Business Review Meetings; lead model review and issue remediation planning and help Model Risk Officers with prioritization.
  • Monitor and report model risk metrics, and facilitate escalation when breaches occur
  • Centrally manage programs owned by MRGR to ensure the model risk framework's smooth and effective execution, including processes like inventory confirmations, CCAR etc.
  • Engage with senior leaders, development and model review teams on model risk activities impacting their area including on Regulatory and Audit deliverables.
  • Identify process execution pain points and work with the other COO teams: Product, Policy and Analytics to come up with solutions and put tactical or strategic enhancements in place.

Required qualifications, capabilities, and skills

  • Proven project/program management capabilities
  • Solid understanding of risk management frameworks and the Three Lines of Defense model in large organizations. Experience working closely with model risk and/or model development functions
  • Strong stakeholder management and teamwork skills, with clear communication and effective relationship building
  • Ability to synthetize data and build commentary to share with a senior audience as needed. 
  • Self-motivation, outstanding organizational skills and ability to work in a fast-paced environment. 
  • Intellectual curiosity with a proven ability to learn quickly.

Preferred qualifications, capabilities, and skills

  • A degree in an analytical field e.g. Business and Finance, Engineering, or Mathematics.
  • Experience in Model Risk Management
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

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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