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Model Risk Management Jobs in Fort Mill, SC (NOW HIRING)

WinMax Systems Corporation

Lead AI Engineer

Charlotte, NC · On-site

$80 - $85/hr

Apply and promote best practices for responsible AI, including model risk management, data protection, and compliance with enterprise and regulatory requirements. * Contribute to the development of ...

Sentinel

Director, Risk Engineering

Charlotte, NC · On-site

... management to better assist clients with emerging technology and risk mitigation resources. Be able to share and communicate those findings back to the team. * Work towards creating a model for ...

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Model Risk Management information

See Fort Mill, SC salary details

$32.1K

$72.3K

$121.3K

How much do model risk management jobs pay per year?

As of Jul 17, 2026, the average yearly pay for model risk management in Fort Mill, SC is $72,347.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,900.00 and $79,500.00 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 are popular job titles related to Model Risk Management jobs in Fort Mill, SC? For Model Risk Management jobs in Fort Mill, SC, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Fort Mill, SC look for? The top searched job categories for Model Risk Management jobs in Fort Mill, SC are:
Model Risk Management jobs near you
Quantitative Operations Associate - Volume & Capacity Modeler-Global Operations

Quantitative Operations Associate - Volume & Capacity Modeler-Global Operations

Bank of America

Charlotte, NC • On-site

Full-time

PTO

Posted 4 days ago

Bank Of America rating

8.2

Company rating: 8.2 out of 10

Based on 520 frontline employees who took The Breakroom Quiz

44th of 149 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physics, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations Manager
Job Summary
Global Operations Management Reporting & Analytics is looking for a motivated individual with strong quantitative skills and experience with time-series forecasting, capacity planning, simulation modeling, and/or operations research. This individual will be responsible for developing and maintaining strategic volume forecasting and capacity planning models with the goal of maintaining optimal staffing levels across Global Operations. In addition, the position will assist with efforts to ensure models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills. Responsibilities include:
  • Develop and maintain volume forecasting, capacity planning, and resource optimization models
  • Help modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniques
  • Assist in driving volume and capacity modeling consistency and innovation across the team
  • Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes
  • Conduct routine model production and performance presentations with executive leadership
  • Evaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputs
  • Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Required Skills:
  • Bachelor's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Analytics, Finance or other STEM field
  • 2+ years of experience in quantitative roles modeling complex systems
  • Fundamental understanding of linear regression and time-series modeling, discrete event simulation, and optimization techniques, through education or professional experience
  • Proficient in MS Office, particularly Excel
  • Experience with SAS, Python, R, or similar statistical software
  • Experience with Arena or similar discrete event simulation software
  • Experience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software
  • Ability to work in a team-oriented environment with strong aptitude for problem solving and collaboration
  • Strong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders
  • Natural curiosity and drive to answer important business questions
  • High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment

Desired Skills:
  • Master's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Analytics, Finance or other STEM field
  • Prior operational volume forecasting, capacity planning, or financial planning experience
  • Experience with Tableau or other data visualization software
  • Data mining experience using SQL/SAS querying
  • Prior Banking industry analytics and modeling experience, specifically with models that adhere to standards set by a risk management governing body

Skills:
  • Analytical Thinking
  • Business Intelligence
  • Data Modeling
  • Data Visualization
  • Data and Trend Analysis
  • Attention to Detail
  • Collaboration
  • Data Management
  • Data Mining
  • Presentation Skills
  • Consulting
  • Problem Solving
  • Risk Management
  • Stakeholder Management
  • Technical Documentation

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay and benefits information
Pay range
$84,600.00 - $132,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What Bank Of America employees say

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1998

Social media

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