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Model Risk Management Jobs in Baltimore, MD (NOW HIRING)

T Rowe Price

Senior Equity Risk Manager

Baltimore, MD · On-site

As a premier global asset management organization with more than 85 years of experience, we provide ... In addition to possessing risk modeling expertise, the senior manager must demonstrate a thorough ...

Deloitte

Financial Risk Manager

Baltimore, MD · On-site

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

Aegon

Head of Credit Risk

Baltimore, MD · On-site

Proficient in financial modeling, data analysis, and portfolio management software * Forward ... Integrity to uphold risk management principles * Ability to challenge conventional practices and ...

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Model Risk Management information

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$36.3K

$81.8K

$137.1K

How much do model risk management jobs pay per year?

As of Jun 19, 2026, the average yearly pay for model risk management in Baltimore, MD is $81,806.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,100.00 and $89,900.00 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 Baltimore, MD? The most popular types of Model Risk Management jobs in Baltimore, MD are:
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Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Baltimore, MD as of June 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $81,806 per year, or $39.3 per hour.
Senior Multi-Asset Risk Manager

Senior Multi-Asset Risk Manager

T Rowe Price

Baltimore, MD • Hybrid

Other

Posted 17 days ago

T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

Role Summary

T. Rowe Price Associates, Inc. seeks a Senior Multi-Asset Risk Manager in Baltimore, MD to:

Identify, measure, monitor, communicate, and help to mitigate risks in portfolios managed by the Multi-Asset division.

Review and interpret Multi-Asset risk analytics and dashboards.

Analyze tail risks and perform stress tests based on hypothetical and historical scenarios.

Prototype and develop risk reporting and tools for the identification and measurement of risks within and across multi-asset portfolios and fixed income sub-strategies.

Qualifications

Minimum Requirements:

  • Master's degree in finance or related quantitative field.
  • 3+ years of experience in multi-asset and fixed income risk management at a buyside asset manager.
  • 3+ years of experience using MSCI BarraOne, RiskManager, and Bloomberg risk models for multi-asset risk analysis, scenario analysis, risk management, and multifactor performance attribution.
  • 3+ years of programming experience in Python, R, MATLAB, and Power BI.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to three days per week from home.

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