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

Morgan Stanley

VP, AI Compliance Officer

Baltimore, MD

$108K - $185K/yr

... model risk management stakeholders. > Strong analytical, organizational, and attention-to-detail skills, with the ability to manage multiple priorities in a fast-paced environment. > Demonstrate ...

Peraton

Cyber Risk Analyst

Bowie, MD

Support Risk Management Framework (RMF) activities, including risk assessments, control validation ... Experience with FedRAMP cloud environments and shared responsibility models. * Knowledge of Zero ...

Peraton

Cyber Risk Analyst

Bowie, MD

Support Risk Management Framework (RMF) activities, including risk assessments, control validation ... Experience with FedRAMP cloud environments and shared responsibility models. * Knowledge of Zero ...

SC&H Group

Risk Senior Manager

Hunt Valley, MD · On-site

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... management skills. * Prior practice-building responsibilities (offerings, pricing models, partner ...

SC&H Group

Risk Senior Manager

Baltimore, MD · On-site

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... management skills. * Prior practice-building responsibilities (offerings, pricing models, partner ...

SC&H Group

Risk Senior Manager

Columbia, MD

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... management skills. * Prior practice-building responsibilities (offerings, pricing models, partner ...

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All JobsModel Risk Management JobsModel Risk Management Jobs in Baltimore, MD

Model Risk Management information

See Baltimore, MD salary details

$36.3K

$81.8K

$137.1K

How much do model risk management jobs pay per year?

As of Jun 20, 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:
What are popular job titles related to Model Risk Management jobs in Baltimore, MD? For Model Risk Management jobs in Baltimore, MD, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Baltimore, MD look for? The top searched job categories for Model Risk Management jobs in Baltimore, MD are:
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 Analyst, Technology Risk Oversight

Senior Analyst, Technology Risk Oversight

T Rowe Price

Baltimore, MD • Hybrid

Other

Posted 14 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

We are looking for a seasoned Technology Risk Analyst with more than 5 years' experience in financial services and/or technology industry. The qualified candidate should be well versed in identifying, managing and monitoring technology risks across Technology Resiliency, Technology Change Management, Obsolescence, IT Asset Management, Cybersecurity, and Technology Risks related to Third parties. The position interacts with all levels of management and senior level executives in IT (ie. CTO, CIO, Chief Architect); therefore, exceptional interpersonal and communication skills are essential.

The successful candidate will report into the Global Head of ERM, who reports directly into the Chief Risk Officer and provide Second Line of Defense (SLoD) services to Global Technology Services First Line Organization. Experience with Cyber and Information Security, Cloud Risk Management (AWS, Azure), Enterprise Architecture is a plus.

Responsibilities

  • Risk Identification: Collaborate with IT leaders, Enterprise Process Owners, and First Line of Defense (FLOD) teams to proactively identify, assess, and monitor technology risks-including resiliency, change management, obsolescence, asset management, cybersecurity, and third-party risks-that may impact the organization's strategic objectives.
  • Oversight and Effective Challenge: Provide independent oversight and challenge of FLOD technology risk management activities, ensuring risks and non-compliance with internal and external standards are prudently managed. Advise on the prioritization of risks, mitigation alternatives, and compensating controls.
  • Assessment and Governance: Participate in risk governance forums, monitor technology risk appetite, escalate exceptions, and report breaches. Evaluate the adequacy and effectiveness of risk control and mitigation actions, recommending improvements to strengthen governance and enhance policies, routines, and interaction models.
  • Advisory and Strategic Leadership: Act as a trusted advisor to IT and FLOD leaders, providing expert guidance on technology risk posture, regulatory requirements, and best practices. Support regulatory exams and findings and foster integrated relationships between FLOD and Second Line of Defense (SLOD).
  • Framework Implementation: Drive the adoption and effective implementation of Enterprise Technology Risk Management (ETRM) policies, frameworks, tools, guidelines, and standards across the business, ensuring technology risks are identified and managed in alignment with industry and regulatory expectations.
  • Reporting and Communication: Draft regular updates to executive management and the Board Risk Committee on changes to the company's technology risk profile. Communicate risk management policies and outcomes to stakeholders at all levels.
  • Continuous Monitoring: Utilize enterprise risk and operational risk management tools (MRI, RCSA, KRIs, incident data, loss event data) to monitor the technology control environment, identify potential weaknesses, and address gaps in a timely manner.
  • Subject Matter Expertise: Serve as a subject matter expert in technology risk, controls, compliance, and best practices. Stay abreast of emerging technologies and their impact on the organization's risk profile.

Qualifications

Required

  • Bachelor's degree or the equivalent combination of education and relevant experience
  • 5+ years of relevant experience in risk management, financial services, or related field

Preferred:

  • 8+ years of experience in the financial, and or technology industries
  • This position requires interacting with "C" level suite, so superior communication, interpersonal, negotiation, presentation and intergroup skills are critical for success
  • Ability to translate technical issues into risk terms that business can understand is absolutely necessary
  • Strong understanding of how the use of Artificial Intelligence both introduces risks across a variety of risk categories, as well as provides opportunities for improved monitoring and reporting
  • Experience with regulatory exams and responses is strongly desired
  • Undergraduate in technology disciple or equivalent
  • Thought leadership around technology risks a must
  • Experience in risk management, compliance or audit, including but not limited to experience in design & implementation of control frameworks
  • Working knowledge of industry and regulatory risk and control standards and frameworks - FFIEC, DORA, NIST-CSF, 800-53, COBIT, CCM etc.
  • Collaborative, team player with the ability to navigate a complex organization and influence outcomes
  • Strong analytical, problem solving and critical thinking skills
  • High attention to detail and strong organizational skills

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 one day per week from home.

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