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Model Risk Management Jobs in Washington (NOW HIRING)

Freddie Mac

Quantitative Analytics Director

Mclean, VA · On-site

Freddie Mac's Multifamily Modeling team within Multifamily Portfolio and Risk Management is seeking a Quantitative Analytics Director to lead the design, ownership, and continuous improvement of the ...

Freddie Mac

Quantitative Analytics Director

Mclean, VA · On-site

$214K - $322K/yr

Freddie Mac's Multifamily Modeling team within Multifamily Portfolio and Risk Management is seeking a Quantitative Analytics Director to lead the design, ownership, and continuous improvement of the ...

Capital One

Strategic Risk Manager

Mclean, VA · On-site

Partner with Divisional teams, Corporate Strategy, and Risk Management functions to identify and ... Strengthen governance of strategic risk through enhancing policies, routines, or interaction models

Capital One

Strategic Risk Manager

Mclean, VA · On-site

Partner with Divisional teams, Corporate Strategy, and Risk Management functions to identify and ... Strengthen governance of strategic risk through enhancing policies, routines, or interaction models

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$41.3K

$93.2K

$156.3K

How much do model risk management jobs pay per year?

As of May 30, 2026, the average yearly pay for model risk management in Washington is $93,246.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,800.00 and $102,500.00 per year, depending on experience, location, and employer.

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 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.
More about Model Risk Management jobs
What are the most commonly searched types of Model Risk Management jobs in Washington? The most popular types of Model Risk Management jobs in Washington are:
What are popular job titles related to Model Risk Management jobs in Washington? For Model Risk Management jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Washington look for? The top searched job categories for Model Risk Management jobs in Washington are:
What cities in Washington are hiring for Model Risk Management jobs? Cities in Washington with the most Model Risk Management job openings:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Washington as of May 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $93,246 per year, or $44.8 per hour.
Quantitative Analytics Tech Lead (Multifamily business)

Quantitative Analytics Tech Lead (Multifamily business)

Freddie Mac

Mclean, VA • On-site

$144K - $216K/yr

Full-time

Posted 14 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Freddie Mac's Enterprise Risk Management Division is currently seeking a Quantitative Analytics Tech Lead to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight. This Quantitative Analytics Tech Lead will be a member the MF model validation team. The main responsibility of the team is to provide oversight and manage risks associated with the use of models in Freddie Mac's Multifamily business. Apply now and learn why there's #MoreAtFreddieMac!
Our Impact:
The team is responsible for validation of models for the Multifamily business and related corporate functions, including related model risk management activities throughout the model life cycle.
Your Impact:
  • Effectively interact with model developers, users, business stakeholders, and model governance team to manage model validations, including operational management of associated model risk processes, and ensure compliance with Model Risk Policy and Standards
  • Assess reasonableness of credit risk models used for Multifamily mortgages
    Conduct research on improvements to the existing models, and applying industry standard methodologies and techniques to meet various business needs
  • Provide innovative, detailed and practical solutions to an extensive range of complicated modeling problems
    Preparing documentation for the technical analysis and rationale through the model validation process to comply with model oversight and support model review for approval.

Qualifications:
  • PhD in Economics, Statistics, or a related quantitative field with at least 3 years of related post-graduate work experience related to model development or validation; or master's degree with at least 6 years of related experience.
    Strong programming skills in Python and SQL. Experience working with large data sets and relational database Experience. Comprehensive knowledge of mortgage or consumer credit risk models and prepayment models.
  • Multifamily model development or Multifamily model risk validation experience highly preferred.

Keys to Success in this Role:
  • Deep curiosity to learn with critical thinking.
  • Strong verbal and written communication skills.
  • Ability to work under limited direction independently to identify issues and solve problems.

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $144,000 - $216,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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