ZipRecruiter

Log In

1

Model Risk Management Jobs in New York (NOW HIRING)

Wells Fargo

Model Risk Audit Director

New York, NY

Manage a team of audit staff responsible for delivering against the annual Model Risk Audit Plan * Assess associated risks and controls and complete engagements within the Model Risk Audit Plan

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that ... Job Title: Context Engineer (Model Risk Focus) Location: NYC, NY, 10003 Duration: 6 months Rate ...

next page

Showing results 1-20

All JobsModel Risk Management JobsModel Risk Management Jobs in New York

Model Risk Management information

See New York salary details

$39.9K

$90.1K

$151K

How much do model risk management jobs pay per year?

As of Jul 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 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 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:
Model Risk Management jobs near you
Risk Management - Quant Modeling Director - Executive Director

Risk Management - Quant Modeling Director - Executive Director

JPMorgan Chase & Co.

Jersey City, NJ • On-site

$204K - $285K/yr

Full-time

Medical, Retirement

Re-posted 11 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 491 frontline employees who took The Breakroom Quiz

58th of 149 rated banks

Job description


Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As an Executive Director in the Model Risk Governance and Review (MRGR) team for Consumer and Community Banking (CCB), you will lead the validation and risk governance of marketing machine learning models used across the business. You will evaluate conceptual soundness, assess assumptions and input reliability, confirm testing completeness and numerical robustness, and ensure the suitability of performance metrics while designing experiments to quantify limitations and benchmark results. You'll maintain model risk controls, escalate and resolve issues promptly, and keep current with advanced artificial intelligence and machine learning techniques, risk management practices, and industry standards as you help train and develop teammates. Your success will require you to collaborate with model developers and users across Risk, Finance, Operations, Digital, Marketing, Fair Lending, Technology, Control teams, Internal Audit, and bank regulators to ensure models are used appropriately and transparently in their business context.
Job Responsibilities
  • Manage and develop a team to validate and govern marketing models used across the organization.
  • Lead validation of ML-based marketing models; demonstrate deep ML proficiency, recognize strengths and limitations, apply regulatory expectations, and articulate the appropriateness of model techniques.
  • Apply and master standard ML tools and programming languages to support robust model assessment.
  • Execute comprehensive model reviews by evaluating conceptual soundness, assessing assumption reasonableness and input reliability, verifying implementation testing completeness, confirming numerical robustness, and justifying performance metrics and risk measures.
  • Design and implement experiments to quantify model risk, including impacts from model limitations, parameter estimation error, and deviations from assumptions.
  • Benchmark model outputs against empirical evidence and alternative/benchmark models to validate performance and stability.
  • Collaborate with stakeholders across Model Development and Users (Risk, Finance, Operations, Digital, Marketing), MRGR, Fair Lending, Technology, Control functions, Internal Audit, and regulators to drive transparent outcomes.
  • Maintain model risk controls for CCB models, serve as the first point of contact, and identify, escalate, and resolve issues promptly and soundly.
  • Track and synthesize advances in modeling techniques (advanced AI/ML), products, markets, risk management practices, and industry standards.
  • Mentor and train junior team members to accelerate their learning, capability building, and professional development.

Required qualifications, skills and capabilities
  • PhD or Master Degree in Statistics, Data Science, Computer Science, Operations Research, Applied Math, Economics, or related quantitative discipline.
  • 10+ years of relevant experience, with at least 5+ years of experience in applied quantitative research or model development for retail financial products
  • In depth knowledge of machine learning techniques (supervised and unsupervised), natural language processing, data mining as well as experience in probability theory, statistics, and numerical methods.
  • Product domain expertise in retail (consumer) banking products and ability to understand the business / knowledge of regulation surrounding business
  • Excellent analytical and problem solving abilities.
  • Risk & Control mindset: Inquisitive nature, ability to ask right questions and escalate issues.
  • Excellent communication and storytelling skills-able to influence stakeholders, articulate value hypotheses, and secure sponsorship.
  • Experience managing teams

Preferred qualifications, skills and capabilities
  • Ability to deploy advanced methods in econometrics and quickly translate and communicate microeconomic and macroeconomic trends in consumer data

About Us
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
About the Team
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.

What JPMorgan Chase & Co. employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply