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Model Risk Management Jobs in Pennsylvania (NOW HIRING)

Analyzes effectiveness of credit risk models and strategies and provides insights and recommendations to leadership. Participates in projects impacting Credit Risk Management. Identifies and ...

Analyzes effectiveness of credit risk models and strategies and provides insights and recommendations to leadership. Participates in projects impacting Credit Risk Management. Identifies and ...

Research fixed income investment risk management policies and procedures, limits, and guidelines ... Implements ongoing model validation processes. 5. Develops and maintains knowledge of financial ...

Research fixed income investment risk management policies and procedures, limits, and guidelines ... Implements ongoing model validation processes. 5. Develops and maintains knowledge of financial ...

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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:
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.

Technical Manager - Cyber Risk Management

Carnegie Mellon University

Pittsburgh, PA • On-site

Other

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


Carnegie Mellon University rating

8.6

Company rating: 8.6 out of 10

Based on 24 frontline employees who took The Breakroom Quiz

53rd of 539 rated colleges and universities


Job description

The SEI CERT Cyber Risk and Resilience Directorate, enables organizations to achieve operational resilience by performing research in emerging areas of operational risk, producing measurement and assessment tools that help organizations better understand their current risk and resilience posture, and developing and validating models, frameworks, and tools to drive quantifiable risk reduction. Our Cyber Risk Management team focuses on designing, prototyping, transitioning risk management novel methods. We support partners in government and industry in achieving cyber-dependent missions. .
Job Description Summary
The individual in this position will work as a technical manager of the Cyber Risk Management (CRM) Team within CERT's Cyber Risk & Resilience Directorate. This candidate will be responsible for the creation, development and management of a sustained applied research and technical agenda for Risk & Resilience CRM Team consistent with and directly supporting the US Department of War's strategic challenges and emerging threats. The technical manager is responsible for developing and communicating technical vision, developing tasking, creating project work statements, developing and managing project plans, managing initiative finances and accounting, generating new work and customers, working with business development staff, executing work with high degree of customer satisfaction, and supervising staff.
The successful candidate must have proven experience conducting and leading technical efforts in support of the US Federal Government (USG) and Department of War (DOW); managing technical teams; be self-directed, have a track record of creating interdisciplinary approaches to problem solving, and demonstrate exceptionally strong presentation and writing skills. The candidate must also be able to interact with clients and staff of all levels in a highly professional and competent manner.
Minimum Qualifications and Requirements
Education/Training:
BS in risk management, cybersecurity, information systems, economics, mathematics or a related technical field; advanced degree strongly preferred.
Other educational backgrounds of a technical nature with significant relevant experience as described may be considered.
Experience:
Total of ten (10) years of experience as an enterprise risk executive, enterprise risk manager, primary investigator engaged in risk management research or similarly technical occupation.
Experience and expert knowledge of:
risk quantification tools and techniques
risk management frameworks/model/standards of practice
risk governance
Experience with and substantial knowledge of:
network architectures, and telecommunications
cybersecurity and operational resilience
information security models, frameworks, and metrics
foundational artificial intelligence concepts and techniques
project planning and financial management
strategic planning and product development
USG and DoW risk tools, techniques, and methods
USG and DoW risk management strategies, policies, and directives
Skills/Abilities:
mastery of risk management concepts, cyber security best practices and standards, information security and risk evaluation methods, development
excellent analytical, organizational, reasoning and problem-solving skills
outstanding written and oral communication skills
demonstrated ability and experience in employee performance management
outstanding financial and resource management skills
demonstrated ability to prepare papers and deliver presentations for technical and non-technical audiences
demonstrated experience in developing a strategic plan and associated technical agenda
demonstrated experience in developing products and transition (go-to-market)
ability to interact effectively with diverse constituencies internally and externally, including senior executives and managers in government and industry
ability to recognize and deal appropriately with confidential and sensitive information, and where appropriate, ability to obtain and hold a security clearance
active involvement in professional societies
Preferred Qualifications:
RIMS-Certified Risk Management Professional (preferred)
Certified Enterprise Risk Manager (preferred)
Certified Information Systems Security Professional (preferred)
Certified Information Security Manager (preferred)
Certified Information Systems Auditor (preferred)
Other: You will be subject to a background investigation, and you must have the ability to obtain and maintain a Department of War security clearance.
Location
Pittsburgh, PA
Job Function
Software/Applications Development/Engineering
Position Type
Staff - Regular
Full time/Part time
Full time
Pay Basis
SalaryMore Information:
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