Supporting Work Management and Operations with assessing planned and emergent maintenance risk, interpretation of results, and oversight of configuration risk management tools. * Performing PRA model ...
Supporting Work Management and Operations with assessing planned and emergent maintenance risk, interpretation of results, and oversight of configuration risk management tools. * Performing PRA model ...
Risk Data Scientist
Birmingham, AL · On-site
At Regions, the Risk Data Scientist researches, models, implements, and validates algorithms ... Plans and manages multiple concurrent projects * Carefully leverages data science, including ...
Risk Data Scientist
Birmingham, AL · On-site
At Regions, the Risk Data Scientist researches, models, implements, and validates algorithms ... Plans and manages multiple concurrent projects * Carefully leverages data science, including ...
... Models, Risk Appetite, Statistics Competencies Analytical Approach, Banking Products, Big Data Management and Analytics, Business Analytics, Credit Risk, Mathematics of Financial Instruments ...
... Models, Risk Appetite, Statistics Competencies Analytical Approach, Banking Products, Big Data Management and Analytics, Business Analytics, Credit Risk, Mathematics of Financial Instruments ...
... models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages ...
... models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages ...
Collaborates with enterprise data governance and risk partners to ensure architectures align with data governance, security, privacy, regulatory standards, and model risk management (including ...
Collaborates with enterprise data governance and risk partners to ensure architectures align with data governance, security, privacy, regulatory standards, and model risk management (including ...
... models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages ...
... models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages ...
Technical Architect - Data, Analytics & AI
Birmingham, AL · Hybrid
$59.75 - $76.75/hr
Ensure responsible and compliant AI adoption, aligned with AI governance, model risk management, data privacy, and security controls . * Guide the integration of AI/ML capabilities into analytics ...
Technical Architect - Data, Analytics & AI
Birmingham, AL · Hybrid
$59.75 - $76.75/hr
Ensure responsible and compliant AI adoption, aligned with AI governance, model risk management, data privacy, and security controls . * Guide the integration of AI/ML capabilities into analytics ...
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
Quick apply
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
Derivative Sr. Analyst / Analyst II - Portfolio Management
Birmingham, AL · On-site
$79K - $120K/yr
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
Derivative Sr. Analyst / Analyst II - Portfolio Management
Birmingham, AL · On-site
$79K - $120K/yr
Build, modify, and maintain models and systems used for portfolio management and risk management. * Collaborate with Derivatives, IT, Risk, and Middle Office teams to ensure effective system design ...
... e.g., model risk management, fairness, explainability, privacy, and security). This role: • Develops solution, data, and AI/ML architecture and resolves complex issues across a variety of ...
... e.g., model risk management, fairness, explainability, privacy, and security). This role: • Develops solution, data, and AI/ML architecture and resolves complex issues across a variety of ...
Fraud Model Analyst
Birmingham, AL · On-site
$58K - $134K/yr
Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Modeling: Data, Process, Events, Objects, Prototyping, Query and Database Access Tools Work ...
Fraud Model Analyst
Birmingham, AL · On-site
$58K - $134K/yr
Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Modeling: Data, Process, Events, Objects, Prototyping, Query and Database Access Tools Work ...
Manager - ServiceNow
Birmingham, AL · On-site +1
... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...
Manager - ServiceNow
Birmingham, AL · On-site +1
... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...
Senior Counsel--Treasury Management
Birmingham, AL · On-site
$130K - $177K/yr
Responsibilities Provide pragmatic, risk-balanced legal counsel across a broad range of payments ... Help design and improve efficient, scalable legal support models and processes to enable a fast ...
Senior Counsel--Treasury Management
Birmingham, AL · On-site
$130K - $177K/yr
Responsibilities Provide pragmatic, risk-balanced legal counsel across a broad range of payments ... Help design and improve efficient, scalable legal support models and processes to enable a fast ...
Senior Counsel--Treasury Management
$130K - $177K/yr
C. Responsibilities · Provide pragmatic, risk-balanced legal counsel across a broad range of ... models and processes to enable a fast-moving, innovation-driven environment. · Provide legal ...
Senior Counsel--Treasury Management
$130K - $177K/yr
C. Responsibilities · Provide pragmatic, risk-balanced legal counsel across a broad range of ... models and processes to enable a fast-moving, innovation-driven environment. · Provide legal ...
Senior Counsel--Treasury Management
Birmingham, AL · On-site
$130K - $177K/yr
Responsibilities • Provide pragmatic, risk-balanced legal counsel across a broad range of ... models and processes to enable a fast-moving, innovation-driven environment. • Provide legal ...
Senior Counsel--Treasury Management
Birmingham, AL · On-site
$130K - $177K/yr
Responsibilities • Provide pragmatic, risk-balanced legal counsel across a broad range of ... models and processes to enable a fast-moving, innovation-driven environment. • Provide legal ...
Treasury Manager
Birmingham, AL · On-site
... Modeling, Economic/Risk Capital, Financial Risk Management, Capital Planning, Financial Regulation and Accounting. This position contributes to the development of strategy and direction, as well as ...
Treasury Manager
Birmingham, AL · On-site
... Modeling, Economic/Risk Capital, Financial Risk Management, Capital Planning, Financial Regulation and Accounting. This position contributes to the development of strategy and direction, as well as ...
Senior Counsel, Asset Management
Birmingham, AL · On-site
$133K - $296K/yr
... model providers, private funds, and other vendors, as well as customer agreements) * Extensive ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
Senior Counsel, Asset Management
Birmingham, AL · On-site
$133K - $296K/yr
... model providers, private funds, and other vendors, as well as customer agreements) * Extensive ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
Senior Counsel, Asset Management
$133K - $296K/yr
... model providers, private funds, and other vendors, as well as customer agreements) * Extensive ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
Senior Counsel, Asset Management
$133K - $296K/yr
... model providers, private funds, and other vendors, as well as customer agreements) * Extensive ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
This position is a direct hire and will report to the Risk Modeling Manager. This engineer is responsible for performing engineering evaluations in support of nuclear generating plants. This engineer ...
Quick apply
This position is a direct hire and will report to the Risk Modeling Manager. This engineer is responsible for performing engineering evaluations in support of nuclear generating plants. This engineer ...
Model Risk Management information
See Birmingham, AL salary details
$34.2K - $42.9K
4% of jobs
$42.9K - $51.5K
13% of jobs
$57.8K is the 25th percentile. Wages below this are outliers.
$51.5K - $60.2K
11% of jobs
$60.2K - $68.8K
16% of jobs
The median wage is $71K / yr.
$68.8K - $77.4K
25% of jobs
$81.8K is the 75th percentile. Wages above this are outliers.
$77.4K - $86.1K
13% of jobs
$86.1K - $94.7K
8% of jobs
$94.7K - $103.4K
3% of jobs
$103.4K - $112K
1% of jobs
$112K - $120.7K
1% of jobs
$120.7K - $129.3K
5% of jobs
$34.2K
$77.2K
$129.3K
How much do model risk management jobs pay per year?
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?
Is model risk management a good career?
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Full-time
Medical, Retirement
Posted 4 days ago
Southern Company rating
8.4
Based on 23 frontline employees who took The Breakroom Quiz
Job description
Probabilistic Risk Assessment (PRA) Engineer/Analyst
JOB SUMMARY
This position is assigned to Southern Nuclear Operating Company's (SNC) Nuclear Risk-Informed Engineering department located at the corporate headquarters in Birmingham, AL.
- Please note that this position will be filled with a candidate that meets our Engineering requirements or Analyst requirements for the role and will be titled accordingly.
The RIE department is focused on being the industry leader in risk-informed decision-making by developing, maintaining, and applying state-of-the-art tools and models. The Probabilistic Risk Assessment (PRA) Engineer/Analyst work includes, but is not limited to, compiling, analyzing, and interpreting technical inputs, demonstrating regulatory compliance, and performing and managing tasks and projects as part of a team of PRA professionals.
JOB DUTIES AND RESPONSIBILITIES
Duties of the PRA Engineer/Analyst include but are not limited to:
- Developing calculations and inputs for current and future risk applications, such as Maintenance Rule, Mitigating Systems Performance Index (MSPI), Configuration Risk Management, Risk-Informed Completion Time Program, Surveillance Frequency Control Program, 50.69 Categorization, and Alternate Treatments, Risk-Informed In-Service Testing (RI-ILT), Risk-Informed In-Service Inspection (RI-ISI), Risk-Informed Integrated Leak Rate Testing, NFPA-805 Performance-Based, Risk-Informed Fire Protection, Tornado Missile Risk Evaluator, Significance Determination Process, GSI-191, and other licensing basis changes under Regulatory Guide (RG) 1.174, RG 1.177, and RG 1.200.
- Reviewing PRA inputs such as design changes, emergency operating procedure updates, and licensing basis changes and assessing the impact on PRA models.
- Supporting Work Management and Operations with assessing planned and emergent maintenance risk, interpretation of results, and oversight of configuration risk management tools.
- Performing PRA model update efforts to maintain PRA quality per RG 1.200 including internal events, fire, internal flooding, seismic, and other external hazards for Boiling Water Reactor (BWR), Pressurized Water Reactor (PWR), and Advanced Passive PWR.
- Interpreting and ensuring compliance with risk-informed regulatory requirements, policies, and standards, including but not limited to RG 1.200, RG 1.174, and RG 1.177. Interfacing with the regulator during Reactor Oversight Process and License Basis changes.
- Engaging with industry subject matter experts, vendors, and utility peers to build and maintain industry relationships and assess and implement best practices.
- Managing small, medium, and large projects using Project Management principles. Engaging cross-functionally within the RIE department, the broader SNC organization, and with vendors to achieve goals.
- Developing and delivering written and oral presentations to internal and external stakeholders.
- Performing special studies and other assigned engineering tasks using PRA engineering and analysis principles.
- Assisting with audits and inspections including support of significance determination process and emergency licensing support requests.
- Traveling to plant sites and industry events in support of SNC objectives (Up to 25% travel).
- Support the SNC Emergency Response Organization (ERO)
- Availability for after-hours plant support
JOB REQUIREMENTS
Required:
- A Bachelor of Science degree in Engineering or a PE license
or - A Bachelor of Science degree in a Physical Science
Desired Attributes:
- Demonstrated skills using Microsoft Office tools
- Demonstrated oral and written communication skills
- Demonstrated ability to successfully work as a team member
- Two years of professional work experience in commercial nuclear power or other large, industrial-scale, heavily regulated environments
- Direct PRA work experience
- Experience with procurement of services (scoping, request for proposal/quote, generation of purchase requisition and purchase orders)
- Knowledge of and experience with other software suites used in nuclear power (Primavera, eSOMS, Maximo, Documentum)
Behavioral Attributes:
- Must exhibit Our Values: Safety First, Act with Integrity, Superior Performance, and Intentional Inclusion.
- Must exhibit strong ownership, be proactive, and have good interpersonal, organization, and time management skills.
- Must demonstrate a commitment to continuous improvement.
About Us
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO), is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. Southern Nuclear is an essential part of Southern Company's energy portfolio, operating over 8,200 MW across eight nuclear energy units in Alabama and Georgia at the Joseph M. Farley Nuclear Plant near Dothan, Ala., the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga.
The company recently achieved commercial operation on Vogtle Units 3&4, representing an historic achievement for the nuclear industry and the country. Vogtle Units 3&4 are the first new nuclear units to reach commercial operation and be built in the United States in the last three decades. Southern Nuclear is a recognized leader in the industry in nuclear and fuel innovation, having been the first to deploy Accident Tolerant Fuels and winning over 10 consecutive Top Innovative Practice (TIP) Awards and eight EPRI awards.
For more than 40 years, Southern Nuclear has operated nuclear energy facilities at the highest levels of safety and reliability, generating carbon-free electricity for millions of homes and businesses. The company's headquarters is in Birmingham, Ala.
Twitter: @SouthernNuclear; Facebook: facebook.com/southernnuclear; www.southernnuclear.com
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com.
Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf. Additional and specific details about total compensation and benefits will also be provided during the hiring process.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
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