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Model Risk Management Jobs in Boston, MA (NOW HIRING)

BIM Modeler

Woburn, MA · On-site +1

$28 - $45/hr

We disrupt the security landscape through data-driven risk management, safeguarding critical assets ... Support model audits and quality checks under the direction of the BIM Manager or Project Lead

... Management Institute, ISO 31000). * Experience in facilitating quantitative risk analysis (QRA) workshops on cost and schedule. * Experience in conceptualizing and developing risk models using ...

... Management Institute, ISO 31000). * Experience in facilitating quantitative risk analysis (QRA) workshops on cost and schedule. * Experience in conceptualizing and developing risk models using ...

... Management Institute, ISO 31000). * Experience in facilitating quantitative risk analysis (QRA) workshops on cost and schedule. * Experience in conceptualizing and developing risk models using ...

Showing results 41-60

Model Risk Management information

See Boston, MA salary details

$39.7K

$89.4K

$149.9K

How much do model risk management jobs pay per year?

As of Sep 9, 2026, the average yearly pay for model risk management in Boston, MA is $89,443.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,900.00 and $98,300.00 per year, depending on experience, location, and employer.

What is a model risk management?

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 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 are the key skills and qualifications needed to thrive in model risk management, 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 does a model risk management do?

A model risk management professional oversees the identification, assessment, and mitigation of risks associated with financial and operational models. They ensure models are accurate, reliable, and compliant with regulations, often using validation tools and statistical analysis. This role helps prevent financial loss and supports decision-making processes within organizations.

What are popular job titles related to Model Risk Management jobs in Boston, MA?

For Model Risk Management jobs in Boston, MA, the most frequently searched job titles are:

What job categories do people searching Model Risk Management jobs in Boston, MA look for?

The top searched job categories for Model Risk Management jobs in Boston, MA are:

Infographic showing various Model Risk Management job openings in Boston, MA as of September 2026, with employment types broken down into 73% Full Time, 9% Part Time, and 18% Contract. Highlights an 100% In-person job distribution, with an average salary of $89,443 per year, or $43 per hour.

Cyber AI Governance and Privacy Consultant

Boston, MA • On-site

Deloitte
Finance and Insurance • 10K+ employees

Full-time

Posted 24 days ago


Key responsibilities

  • Designs and implements AI governance operating models, workflows, risk assessments, and audit-ready evidence processes for AI deployments.

  • Builds and maintains inventories of models, agents, tools, data sources, and integrations with defined ownership, use, risk classification, and change-control requirements.

  • Establishes technical control guidance for AI solutions, including human-in-the-loop patterns, access controls, logging, monitoring, and incident response playbooks.


Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 93 frontline employees who took The Breakroom Quiz

48th of 154 rated financial services


Job description

We are seeking an AI Governance and Privacy Consultant who can operationalize responsible AI in real systems-especially agentic AI and LLM-enabled applications. This role blends governance and privacy expertise with enough software development fluency to create developer-ready guidance, implement controls-as-code patterns, and stand up measurable evaluation and monitoring workflows.

As a Senior Consultant, you will help clients and internal delivery teams move from AI principles to practices: risk tiering, model and agent inventories, technical guardrails, governance workflows integrated into the SDLC, and evidence artifacts suitable for audits and regulators.

Recruiting for this role ends on 12/31/2026.

Work you'll do

As a Consultant, Strategy, Growth and Transformation on the Cyber team, you will be responsible for:

  • Designing and implementing AI governance operating models, intake workflows, risk tiering, approvals, documentation standards, exception handling, and audit-ready evidence processes for generative AI and agentic AI deployments.
  • Building and maintaining inventories for models, agents, tools, data sources, and integrations, with defined ownership, intended use, risk classification, and change-control requirements.
  • Conducting risk assessments across privacy, security, model risk, and misuse scenarios, including prompt injection, sensitive data exposure, excessive agency, and overreliance, and translating findings into implementable mitigations.
  • Establishing technical control guidance for teams building agentic AI solutions, including human-in-the-loop patterns, tool access controls, retrieval and grounding practices, logging, monitoring, token and data minimization, and incident response playbooks.
  • Integrating governance checkpoints into product and engineering delivery through architecture reviews, release gates, evaluation requirements, documentation automation, evidence capture, dashboards, and cross-functional collaboration with Cybersecurity, Privacy, Legal, Risk, Engineering, and Data Science teams.

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

You will join a cross-functional group working at the intersection of cyber, privacy, governance, and emerging AI delivery. The team helps organizations scale AI responsibly by combining governance and engineering patterns so teams can innovate faster without compromising trust.

Qualifications

Required:

  • Bachelor's degree or equivalent practical experience.
  • 2+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk management, or technology risk consulting.
  • Experience translating policies and regulatory expectations into operational workflows and artifacts, including intake processes, inventories, decision logs, risk registers, responsibility assignment matrices, playbooks, privacy impact assessments, and data protection impact assessments.
  • Experience assessing AI, machine learning, and LLM deployment patterns, including training, retrieval-augmented generation, fine-tuning, tool use, data dependencies, and integration patterns, and defining mitigations for privacy, security, model risk, and misuse.
  • Experience prototyping or automating governance workflows using Python or Structured Query Language and working with continuous integration and continuous deployment pipelines and cloud deployment basics.
  • Ability to travel 0-50%, on average, based on the work you do and the clients and industries/sectors you serve.
  • Limited immigration sponsorship may be available.

Preferred:

  • Experience in consulting or a Big 4 environment.
  • Experience operationalizing AI governance aligned to the National Institute of Standards and Technology AI Risk Management Framework or ISO/IEC 42001.
  • Experience with generative AI safety and evaluation practices, including prompt injection testing, jailbreak resilience, hallucination measurement, toxicity scoring, harm scoring, and grounding effectiveness.
  • Experience with governance, workflow, or ticketing platforms, including OneTrust and governance, risk, and compliance systems, and integrating those platforms into engineering delivery processes.
  • Certifications such as Certified Information Privacy Professional/United States, Certified Information Privacy Manager, International Association of Privacy Professionals AI Governance Professional, Certified Information Security Manager, or Certified Information Systems Security Professional.
  • Experience in cyber or enterprise security environments, including data security, identity, audit logging, secure software development lifecycle practices, human-in-the-loop escalation pathways, exception handling, and automated safety protocols for autonomous systems.

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $82,600-$162,800.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

#CyberDTP27

Qualifications:

We are seeking an AI Governance and Privacy Consultant who can operationalize responsible AI in real systems-especially agentic AI and LLM-enabled applications. This role blends governance and privacy expertise with enough software development fluency to create developer-ready guidance, implement controls-as-code patterns, and stand up measurable evaluation and monitoring workflows.

As a Senior Consultant, you will help clients and internal delivery teams move from AI principles to practices: risk tiering, model and agent inventories, technical guardrails, governance workflows integrated into the SDLC, and evidence artifacts suitable for audits and regulators.

Recruiting for this role ends on 12/31/2026.

Work you'll do

As a Consultant, Strategy, Growth and Transformation on the Cyber team, you will be responsible for:

  • Designing and implementing AI governance operating models, intake workflows, risk tiering, approvals, documentation standards, exception handling, and audit-ready evidence processes for generative AI and agentic AI deployments.
  • Building and maintaining inventories for models, agents, tools, data sources, and integrations, with defined ownership, intended use, risk classification, and change-control requirements.
  • Conducting risk assessments across privacy, security, model risk, and misuse scenarios, including prompt injection, sensitive data exposure, excessive agency, and overreliance, and translating findings into implementable mitigations.
  • Establishing technical control guidance for teams building agentic AI solutions, including human-in-the-loop patterns, tool access controls, retrieval and grounding practices, logging, monitoring, token and data minimization, and incident response playbooks.
  • Integrating governance checkpoints into product and engineering delivery through architecture reviews, release gates, evaluation requirements, documentation automation, evidence capture, dashboards, and cross-functional collaboration with Cybersecurity, Privacy, Legal, Risk, Engineering, and Data Science teams.

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

You will join a cross-functional group working at the intersection of cyber, privacy, governance, and emerging AI delivery. The team helps organizations scale AI responsibly by combining governance and engineering patterns so teams can innovate faster without compromising trust.

Qualifications

Required:

  • Bachelor's degree or equivalent practical experience.
  • 2+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk management, or technology risk consulting.
  • Experience translating policies and regulatory expectations into operational workflows and artifacts, including intake processes, inventories, decision logs, risk registers, responsibility assignment matrices, playbooks, privacy impact assessments, and data protection impact assessments.
  • Experience assessing AI, machine learning, and LLM deployment patterns, including training, retrieval-augmented generation, fine-tuning, tool use, data dependencies, and integration patterns, and defining mitigations for privacy, security, model risk, and misuse.
  • Experience prototyping or automating governance workflows using Python or Structured Query Language and working with continuous integration and continuous deployment pipelines and cloud deployment basics.
  • Ability to travel 0-50%, on average, based on the work you do and the clients and industries/sectors you serve.
  • Limited immigration sponsorship may be available.

Preferred:

  • Experience in consulting or a Big 4 environment.
  • Experience operationalizing AI governance aligned to the National Institute of Standards and Technology AI Risk Management Framework or ISO/IEC 42001.
  • Experience with generative AI safety and evaluation practices, including prompt injection testing, jailbreak resilience, hallucination measurement, toxicity scoring, harm scoring, and grounding effectiveness.
  • Experience with governance, workflow, or ticketing platforms, including OneTrust and governance, risk, and compliance systems, and integrating those platforms into engineering delivery processes.
  • Certifications such as Certified Information Privacy Professional/United States, Certified Information Privacy Manager, International Association of Privacy Professionals AI Governance Professional, Certified Information Security Manager, or Certified Information Systems Security Professional.
  • Experience in cyber or enterprise security environments, including data security, identity, audit logging, secure software development lifecycle practices, human-in-the-loop escalation pathways, exception handling, and automated safety protocols for autonomous systems.

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $82,600-$162,800.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

#CyberDTP27

Education:Bachelor's DegreeEmployment Type:

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