ZipRecruiter

Log In

1

Model Risk Management Jobs in Pennsylvania (NOW HIRING)

Alera Group

Personal Risk Management Specialist

Berwyn, PA · On-site

$85K - $100K/yr

OVERVIEW Personal Risk Management Specialist - Property & Casualty Location: Hybrid At Alera Group ... Work Model: This role is Hybrid Professional Development - Alera Group Academy At Alera Group ...

Alera Group

Personal Risk Management Specialist

Berwyn, PA · Hybrid

$85K - $100K/yr

OVERVIEW Personal Risk Management Specialist - Property & Casualty Location: Hybrid At Alera Group ... Work Model: This role is Hybrid Professional Development - Alera Group Academy At Alera Group ...

DLC

Sr. Risk Management Analyst I

Duquesne, PA · On-site

Reporting to the Sr. Manager of Risk Management, this role translates risk strategy into practical ... Strong understanding of risk frameworks (e.g., COSO ERM, ISO 31000) or governance 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.
Sr. Director, Risk Management

Sr. Director, Risk Management

Children's Hospital of Philadelphia

Philadelphia, PA

Full-time

Posted 9 days ago

Children's Hospital Of Philadelphia rating

8.3

Company rating: 8.3 out of 10

Based on 94 frontline employees who took The Breakroom Quiz

75th of 1,002 rated hospitals

Job description

SHIFT:

Day (United States of America)Seeking Breakthrough Makers
Children’s Hospital of Philadelphia (CHOP) offers countless ways to change lives. Our diverse community of more than 20,000 Breakthrough Makers will inspire you to pursue passions, develop expertise, and drive innovation.
At CHOP, your experience is valued; your voice is heard; and your contributions make a difference for patients and families. Join us as we build on our promise to advance pediatric care—and your career.
CHOP’s Commitment to Diversity, Equity, and Inclusion
CHOP is committed to building an inclusive culture where employees feel a sense of belonging, connection, and community within their workplace. We are a team dedicated to fostering an environment that allows for all to be their authentic selves. We are focused on attracting, cultivating, and retaining diverse talent who can help us deliver on our mission to be a world leader in the advancement of healthcare for children.
We strongly encourage all candidates of diverse backgrounds and lived experiences to apply.
A Brief Overview
The Sr. Director of Risk Management leads the organization's clinical risk management activities, which includes administering the daily functions of the risk management program; managing claims against the facility, its employees and staff; managing and analyzing risk management data; conducting risk management educational programs; providing risk management perspective on institutional initiatives and situations; and complying with risk management standards of the Joint Commission and other state and regulatory agencies, all with the objective of promoting patient safety, enhancing quality of care, and controlling and minimizing loss to protect the assets of the institution.
What you will do
  • Loss Prevention/ Patient Safety -Work collaboratively with the Office of Patient Safety and Quality on the review and investigation of patient incidents, and provide assistance as necessary to patient safety initiatives including RCAs and ACAs. Conduct system-wide loss prevention and control activities including orientation programs and ongoing educational programs. Participate in due diligence and consider potential liability for new clinical services, delivery models, and collaborative clinical agreements. Provide thoughtful and strategic Risk Management perspective on institutional clinical issues such as new programs and policies. Assure RM staffing on multidisciplinary committees including the Patient Safety, Health Information Management, Infection Prevention and Control, Therapeutic Standards, Medical Devices, Environmental Health & Safety, and Credentials committees as well as ad-hoc clinical committees.
  • Claims Management - Acting under the direction, supervision and control of the Office of General Counsel, investigate serious clinical events, keep senior management and others apprised of such events, preserve evidence, comply with reporting requirements to state and federal agencies including the NPDB, MMSEA and Mcare, ensure proper reporting to insurance carriers, assist defense counsel in all aspects of litigation defense, and support defendants throughout the litigation process. Maintain up-to-date knowledge of status of all claims, provide Hospital operational expertise to defense strategies and discovery requests, identify the need for adjustments to loss reserves, and provide administrative support for the Claims Review Committee function and other administrative aspects of the Joint Insurance Program.
  • Medical-Legal Support to Clinicians - cultivate relationships with clinical staff at all levels to enhance reporting of clinical events by providing daily advice on all matters of a medical legal nature including challenging patient/family issues, staff discord issues, and other urgent patient issues. Provide advice to the Family Relations Department during resolution of patient complaints and billing disputes, and make referrals to in-house counsel when appropriate.
  • Administrative - Lead and develop clinical risk management staff. Prepare budgets. Keep abreast of all relevant regulatory and statutory changes that affect the system's clinical risk management program. Develop local and national risk management peer contacts. Communicate with Board level, as needed.
Education Qualifications
  • Bachelor's Degree Required
  • Master's Degree Business Administration, Law, Health Administration or related field Preferred
Experience Qualifications
  • At least eight (8) years risk management experience (or comparable experience) Required
  • Risk management experience (or comparable experience) in an academic institution Preferred
  • Clinical background Preferred
Skills and Abilities
  • High competency in Microsoft Word and Excel. (Required proficiency)
  • Medium competency in PowerPoint. (Required proficiency)
  • Strong verbal, written and interpersonal skills. (Required proficiency)
  • Strong analytical skills. (Required proficiency)
  • Must be able to prioritize work, possess good practical judgment and be able to work in crisis management mode. (Required proficiency)
Licenses and Certifications
  • Certified Professional in Healthcare Risk Management - American Society for Health Care Risk Management - upon hire - Preferred

To carry out its mission, CHOP is committed to supporting the health of our patients, families, workforce, and global community. As a condition of employment, CHOP employees who work in patient care buildings or who have patient facing responsibilities must be fully vaccinated against COVID-19 and receive an annual influenza vaccine. Learn more.
Employees may request exemptions for valid religious and medical reasons. Start dates may be delayed until candidates are immunized or exemption requests are reviewed.
EEO / VEVRAA Federal Contractor | Tobacco Statement

What Children's Hospital Of Philadelphia employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Children's Hospital of Philadelphia logo

About Children's Hospital of Philadelphia

Sourced by ZipRecruiter

The Children's Hospital of Philadelphia (CHOP) is a renowned healthcare institution dedicated to the welfare of children. Established in 1855 and situated in the heart of Philadelphia, PA, US, it's known primarily for pediatric healthcare services, pioneering new treatments, and conducting notable research in child-related medical disciplines. As an industry trailblazer, CHOP has a well-established reputation in the pediatric healthcare sector and is recognized globally for its innovative approach towards advancing children's healthcare.

Industry

Hospitals

Company size

10,000+ Employees

Headquarters location

Philadelphia, PA, US

Year founded

1855

View All Children's Hospital of Philadelphia Jobs

Apply