ZipRecruiter

Log In

1

Model Risk Management Jobs in Pennsylvania (NOW HIRING)

Guardianlife

Model Risk & Validation Lead

Bethlehem, PA · Hybrid

$103K - $169K/yr

Maintain and manage the model validation findings inventory, including issue severity assessment, remediation tracking, and validation closure support. * Support independent data risk assessments ...

STV

Risk Management Specialist

Philadelphia, PA · On-site

$86K - $98K/yr

Perform cost and schedule uncertainty modeling, including Monte Carlo simulations, to evaluate ... Establish standardized risk management processes and frameworks to protect client interests

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · On-site

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

Lincoln Financial

Analyst, AI Risk Management

Radnor, PA · Hybrid

$72K - $131K/yr

Collaborates with Legal, InfoSec, Privacy, Model Risk Management, and AI/ML Engineering teams to align governance activities with enterprise risk management expectations. What we're looking for Must ...

The Institutes

Vendor Risk Coordinator

Malvern, PA · On-site

Model risk concentration * SaaS redundancy and cost optimization What We're Looking For: Required * 3-5+ years of experience in vendor management, third-party risk, IT governance, compliance, or risk ...

Truist

Quant Audit Manager

King Of Prussia, PA · On-site

$103K - $135K/yr

Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...

next page

Showing results 1-20

All JobsModel Risk Management JobsModel Risk Management Jobs in Pennsylvania

Model Risk Management information

See Pennsylvania salary details

$36.6K

$82.5K

$138.3K

How much do model risk management jobs pay per year?

As of Jun 23, 2026, the average yearly pay for model risk management in Pennsylvania is $82,527.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,600.00 and $90,700.00 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 Pennsylvania? The most popular types of Model Risk Management jobs in Pennsylvania are:
What are popular job titles related to Model Risk Management jobs in Pennsylvania? For Model Risk Management jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Pennsylvania look for? The top searched job categories for Model Risk Management jobs in Pennsylvania are:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Pennsylvania as of June 2026, with employment types broken down into 90% Full Time, and 10% Part Time. Highlights an 100% In-person job distribution, with an average salary of $82,527 per year, or $39.7 per hour.
Head of Validation, Model Risk Management

Head of Validation, Model Risk Management

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Posted 23 days ago

Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 60 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services

Job description

Overview
The Head of Validation, Model Risk is a senior leadership role responsible for setting enterprise direction for model validation-delivering independent, risk-based oversight across a diverse portfolio of models spanning investment and risk management, fraud and compliance, finance and HR, and rapidly evolving Gen AI and agentic use cases. This role serves as the senior authority for model validation, setting the bar for defensible methodologies, rigorous challenge, and clear, decision-ready risk communication to senior leaders. The Head of Validation will strengthen model risk culture and lifecycle discipline across the enterprise-driving timely issue remediation, elevating validation quality and consistency, and ensuring Vanguard's practices remain aligned with regulatory and audit expectations.
Responsibilities
Leadership & Team Management
  • Leads a high-performing, multidisciplinary model validation team responsible for validating a diverse portfolio of models including investment and risk management, fraud and compliance, finance and HR, as well as Gen AI and Agentic use cases
  • Develop and mentor talent to promote strong technical capabilities and a high-quality validation process

Validation Oversight & Approval
  • Serve as the final approval authority for validation reports on higher-risk models
  • Ensure validation conclusions are robust, well-supported, and communicated clearly to stakeholders with varying levels of technical expertise

Model Risk Governance & Lifecycle Management
  • Oversee adherence to enterprise model lifecycle requirements-including model inventory accuracy, change management, ongoing monitoring, and issue remediation.
  • Drive timely resolution of model-related issues and non-compliance, escalating when necessary
  • Strengthen model-risk culture across the enterprise through targeted training, outreach, and proactive engagement with model owners and developers

Methodology & Practice Leadership
  • Define, maintain, and continually enhance the methodologies and test approaches used in model validation
  • Ensure comprehensive assessment of conceptual soundness, performance, data quality, implementation accuracy, and other model risk considerations
  • Lead the evolution of validation techniques for emerging modeling approaches, including LLM-enabled and agentic systems

Standards, Policies & Quality Assurance
  • Own the enterprise's model development and model validation standards, guidelines, procedures, and templates.
  • Establish and oversee quality assurance mechanisms-including peer review, thematic reviews, and consistency checks-to ensure embedment of high-quality validation practices.

Executive Reporting & Model Risk Insights
  • Deliver clear, actionable reporting on key model risks, model uncertainty, issue remediation, and emerging trends to senior committees and executives.
  • Support the development and enhancement of divisional and enterprise model-quality scorecards and contribute to the risk-appetite process

Senior Stakeholder, Regulatory & Audit Engagement
  • Serve as a primary point of contact for regulators, internal audit, and senior leaders on model validation related matters
  • Articulate validation rationales, modeling assumptions, and risk implications clearly and confidently to supervisory authorities and executive stakeholders.

Qualifications
  • Advanced degree in technical field (e.g. Master's or doctoral degree in quantitative discipline such as Mathematics, Statistics, or Economics).
  • 10+ years of experience across model development, model validation, and model risk management, including a minimum of five years leading multi-layered model validation teams.
  • Extensive experience with a broad range of model types, including machine learning/LLM-based models.
  • Deep knowledge of model-risk management principles and regulatory frameworks (e.g., SR26-2, SS1/23) and demonstrated experience engaging with regulators and internal audit.
  • Strong technical proficiency with programming languages and analytical tools such as Python, R, or C++, and familiarity with emerging technologies, AI governance, and modern model development practices.
  • Proven ability to translate complex technical concepts into clear, actionable insights for senior executives.
  • Exceptional written and verbal communication skills, including experience presenting to senior committees, executives, and regulatory bodies.
  • Demonstrated ability to partner with stakeholders to balance effective challenge, practical solutions, and business objectives.

Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

What Vanguard employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply