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Model Risk Management Jobs in Minneapolis, MN (NOW HIRING)

Risk Manager

Maple Grove, MN · On-site

$150K/yr

... model insurance Required Education and Experience: - Bachelors degree in Risk Management, Finance, Accounting, or related field desired. - 7+ years of experience in risk management, security ...

... models, PaaS/IaaS service patterns, and cloud-native control tooling (e.g., CSPM, config management ... Risk and control frameworks and regulatory standards relevant to U.S. financial services - NIST CSF ...

Cybersecurity Risk Manager

Minnetonka, MN · On-site +1

$70K - $140K/yr

Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...

Cybersecurity Risk Manager

Minnetonka, MN · On-site +1

$70K - $140K/yr

Bachelor's degree in cybersecurity, risk management, or similar field * Minimum of 5 years of ... modeling * 2 + years' experience with cybersecurity related policy, procedures, or standards ...

Manages cycle to reassess accepted risks, obtain sign-off, and provide reporting. * Assists ... Collaborates with senior and lead risk analysts on activities related to risk modeling ...

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Model Risk Management information

See Minneapolis, MN salary details

$38.1K

$85.9K

$144.1K

How much do model risk management jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk management in Minneapolis, MN is $85,945.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,200.00 and $94,500.00 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 Minneapolis, MN? For Model Risk Management jobs in Minneapolis, MN, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Minneapolis, MN look for? The top searched job categories for Model Risk Management jobs in Minneapolis, MN are:
Risk Manager

Risk Manager

Beacon Mobility

Maple Grove, MN • On-site

$150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted yesterday


Beacon Mobility rating

6.0

Company rating: 6.0 out of 10

Based on 24 frontline employees who took The Breakroom Quiz

67th of 76 rated public transport


Job description

Beacon Mobility Corp.
With immense executive level sponsorship, Beacon approaches its Insurance and Risk Management programs as an opportunity for long-term enterprise value. The successful candidate will demonstrate an ability to adapt quickly and provide actionable insights to the wider organization around its insurance programs and related financial instruments.
Position Responsibilities / Abilities
- Oversee the organization's dynamic insurance programs - including current and historical programs (excluding all health and benefits)
- Manage critical relationships with Brokers, Underwriters, Actuaries, consultants, and internal operations and corporate partners
- Manage insurance program renewals, administration, and document repositories
- Facilitate annual loss run collection across organization's various historical acquisitions
- Lead cross-functional teams of internal and external stakeholders to initiate and execute insurance / risk-related projects
Specific Competencies
- Collaboration, relationship-building and a desire to understand how risk management strategies impact the organization
- Implement solutions without creating unnecessary friction for the internal customers it serves
- Strong project management skills with the ability to navigate complex, cross-functional projects at scale
- Ability to manage multiple priorities and deadline
- Thorough understanding of large deductible insurance policies
- Self-Insurance
- Wholly owned captives
- Collateral negotiation
- Actuarial analysis (does not need to BE an actuary)
- Internal accounting
- Experience negotiating and running RFPs for vendor services
- Acquisition / Integration activity related to insurance consolidation
- TNC / Broker model insurance
Required Education and Experience:
- Bachelors degree in Risk Management, Finance, Accounting, or related field desired.
- 7+ years of experience in risk management, security operations, or a related field
- Intermediate Microsoft Suite expertise, specifically focused on financial modeling and reporting
- Must be 18 years of age or older
Job Location / Type
- Remote, but must be in Eastern or Central time zone; proximity to a major airport suggested
- Domestic travel as required (1-3x per year)
- Full-Time/Regular
Salary Range
Starting at $150K annually depending on experience.
Benefits
Beacon Mobility offers competitive pay and benefits to all full-time employees. Beacon is also pleased to offer a full benefit package that includes health, dental, vision, and life insurance as well as a 401(k)-retirement savings plan.
Beacon Mobility requires that none of its employees are excluded from doing business with the Federal government. All newly hired individuals are promptly screened through the E-Verify electronic employment authorization program run by the U.S. Citizenship and Immigration Service.
• Drug-free workplace.
Beacon Mobility is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Beacon Mobility makes hiring decisions based solely on qualifications, merit, and business needs at the time
Beacon Mobility is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Beacon Mobility makes hiring decisions based solely on qualifications, merit, and business needs at the time.
Beacon Mobility is a growing family of companies committed to serving the diverse needs of our customers. Experienced, compassionate, and inspired, we take pride in our ability to create customized, mobility-based solutions that empower people to get where they need to go. Our purpose is simple - MOBILITY WITHOUT LIMITS: Transporting people to live, learn, and achieve. We are dedicated to providing those we serve with the opportunities, resources, and support to confidently move ahead. We support safe, compassionate, and inclusive environments that provide our communities with the mobility solutions they need to flourish and succeed. Backed by nearly 70 years of experience, Beacon Mobility operations can be found in Massachusetts, New York, Pennsylvania, Illinois and Minnesota providing support to over 10,000 employees in over 1,300 communities through the delivery of Paratransit and School Bus services leveraging a fleet of over 6,500 vehicles.

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