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Model Risk Management Jobs in Portland, OR (NOW HIRING)

Senior IT Auditor

Hillsboro, OR · On-site +1

$102K - $134K/yr

Enterprise Risk Management, Credit risk, Market risk, Operational risk, Model risk, Liquidity risk, and/or Sarbanes-Oxley. Broad, general knowledge of the banking and financial services industry and ...

Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... Modeling and reinforcing professional and technical standards, including the Firm's code of conduct ...

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Model Risk Management information

See Portland, OR salary details

$38.7K

$87.3K

$146.3K

How much do model risk management jobs pay per year?

As of Jul 10, 2026, the average yearly pay for model risk management in Portland, OR is $87,311.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,300.00 and $96,000.00 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 the most commonly searched types of Model Risk Management jobs in Portland, OR? The most popular types of Model Risk Management jobs in Portland, OR are:
What are popular job titles related to Model Risk Management jobs in Portland, OR? For Model Risk Management jobs in Portland, OR, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Portland, OR look for? The top searched job categories for Model Risk Management jobs in Portland, OR are:
Director, Internal Audit and Risk Management

Director, Internal Audit and Risk Management

PacifiCorp

Portland, OR

$155K - $213K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago


PacifiCorp rating

8.8

Company rating: 8.8 out of 10

Based on 19 frontline employees who took The Breakroom Quiz


Job description

Power Your Greatness

PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability, inclusion and belonging.

General Purpose
 
As Director of Audit, you will lead PacifiCorp's internal audit function shaping a forward-looking, risk-based audit strategy and partnering closely with senior leadership to ensure the effectiveness and integrity of our internal controls. In this highly visible role, you'll guide complex audit initiatives, collaborate with external auditors, and engage regularly with the Berkshire Hathaway Audit Committee, offering a unique opportunity to make a meaningful impact on governance, transparency, and long-term business success.
Responsibilities

Internal Audit:

 

  • Act as the principal internal audit leader, accountable for the overall management and strategic leadership for PacifiCorp's internal audit function.
  • Establish and maintain Audit department standards and policies, consistent with corporate policy, to guide the technical and administrative performance of audit activities. Ensure compliance with those policies.
  • Conduct annual risk and fraud assessments based on input from PacifiCorp and Berkshire Hathaway management, external auditors, and external factors to develop a dynamic audit plan.
  • Develop Audit goals, objectives, and key performance indicators (KPI) to execute the dynamic audit plan. Monitor progress against the audit plan and KPIs.
  • Coordinate SOX Internal Audit testing to evaluate the design and operating effectiveness of internal controls over financial reporting.
  • Collaborate across business and IT to identify risks and drive process improvement.
  • Maintain ongoing communication with external auditors on SOX planning, walkthroughs and testing, audit requests, and any deficiency evaluation.
  • Communicate audit findings/recommendations to promote constructive change; collaborate with management to establish and validate timely, appropriate remediation plans and monitor those plans.
  • Interface regularly with the Berkshire Hathaway Audit Committee.

Leadership and Team Management:

 

  • Lead, mentor, and develop the audit team.
  • Foster a culture of integrity, accountability, and financial transparency.
Requirements
  • Bachelor's degree in accounting, Finance, Business Administration, or a related field. Relevant advanced degree preferred.
  • Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or other relevant certification required.
  • Minimum of 10 years of experience in audit, risk management, compliance, or related fields, with at least 5 years of management or equivalent experience.
  • In-depth knowledge of auditing standards, regulatory compliance requirements, financial modeling, and risk assessment/management frameworks is essential.
  • Strong understanding of regulatory requirements and industry standards for electric utility companies.
  • Excellent analytical, problem-solving, communication, and presentation skills.
  • Must operate with and foster a culture of objective, sound judgment, integrity, and transparency.
  • Ability to influence and work effectively across all levels of the organization.
  • Strong leadership with proven ability to lead and develop high-performing teams.
  • Experience working with Boards of Directors and Audit Committees is desirable.
Additional Information

Req Id: 114740 
Company Code: PACIFICORP #PM25
Primary Location: PORTLAND, OR
Department: CFO 
Schedule: Full Time, 100% onsite
Hiring Range: $155,300 - $213,510  

This position is eligible for an annual discretionary performance incentive bonus of up to 20.00% of salary.   

BENEFITS:

At PacifiCorp, we understand that living a healthy lifestyle isn't just about your physical health - your mental, financial, and social wellbeing also play an important role. That's why we offer a wide range of benefits designed to help you live a more balanced lifestyle


Our Benefits include: 

  • Medical, dental, and vision insurance
  • 401k with match fixed contributions, including a Roth and saving option. For union employees, matching contributions vary by union. For nonunion, PacifiCorp makes a fixed contribution equal to 4% of your eligible pay each year for new hires. In addition, PacifiCorp matches 100% of the first 6% you contribute. 
  • Life insurance
  • Additional voluntary benefits, including pet insurance
  • Tuition Assistance
  • Mass Transit Pass for employees in our Portland and Salt Lake City Offices.

 

Work Life Balance:

  • Generous Paid Time Off (PTO) - Time off varies by employee type (Union or Non-Union)
  • Paid short-term disability leave and long-term disability insurance
  • Paid Parental Leave
  • Paid Bereavement Leave 
  • Employee Assistance Program supporting mental and emotional wellbeing

For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US

Employees must be able to perform the essential functions of the position with or without accommodation.

PacifiCorp is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, medical condition, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.

Unless otherwise required by law, all offers of employment are contingent upon the successful completion of a background check and drug screening including for marijuana. While marijuana is legal in several states, including Oregon, a positive test for positions in Oregon may disqualify a candidate. The company complies with the laws of Washington and California and only obtains and considers positive tests for marijuana in safety-sensitive positions or those covered by U.S. Department of Transportation regulations.


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