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Model Risk Management Jobs in San Ramon, CA (NOW HIRING)

Mercury

IRRBB Manager

San Francisco, CA · On-site +1

Partner with Finance and Risk teams to ensure alignment of modeling assumptions and outputs * Perform scenario analysis and sensitivity testing to support balance sheet strategy and risk management

Asana

Security Risk Manager

San Francisco, CA · On-site

$194K - $220K/yr

Own Asana's security risk management program: Design and continuously mature a quantitative risk framework - including risk scoring methodologies, likelihood and impact modeling, and risk appetite ...

PayPal

Sr Machine Learning Engineer

San Jose, CA · On-site

$65.25 - $86.50/hr

Familiarity with model governance, model risk management, or AI regulatory compliance frameworks (e.g., SR 11-7, OCC 2011-12, EU AI Act) is a plus. Subsidiary: PayPal Travel Percent: 0 - The base pay ...

Wsgr

Senior AI Risk Advisor

San Francisco, CA · On-site +1

The Senior AI Risk Advisor, under the direction of the Manager of Risk Operations, sits at the ... Lead AI risk assessments across the full model lifecycle - evaluating third-party AI vendors ...

Wsgr

Senior AI Risk Advisor

Palo Alto, CA · On-site +1

The Senior AI Risk Advisor, under the direction of the Manager of Risk Operations, sits at the ... Lead AI risk assessments across the full model lifecycle - evaluating third-party AI vendors ...

Thunes

Fraud Risk Manager

San Francisco, CA

... Treasury Management Platform and Fortress Compliance Infrastructure, ensuring Members of the ... Implement and refine fraud detection models using transaction data, user behavior, device ...

Thunes

Fraud Risk Manager

San Francisco, CA · On-site

... Treasury Management Platform and Fortress Compliance Infrastructure, ensuring Members of the ... Implement and refine fraud detection models using transaction data, user behavior, device ...

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All JobsModel Risk Management JobsModel Risk Management Jobs in San Ramon, CA

Model Risk Management information

See San Ramon, CA salary details

$40.8K

$92K

$154.2K

How much do model risk management jobs pay per year?

As of Jul 9, 2026, the average yearly pay for model risk management in San Ramon, CA is $92,005.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,800.00 and $101,100.00 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 job categories do people searching Model Risk Management jobs in San Ramon, CA look for? The top searched job categories for Model Risk Management jobs in San Ramon, CA are:
What cities near San Ramon, CA are hiring for Model Risk Management jobs? Cities near San Ramon, CA with the most Model Risk Management job openings:
Model Risk Management jobs near you
IRRBB Manager

IRRBB Manager

Mercury

San Francisco, CA • On-site, Remote

Full-time

Re-posted 3 days ago

Job description

Role Overview
We are seeking an analytical and technically skilled professional to lead the implementation, management, and ongoing enhancement of our cash flow engine. This role will be responsible for modeling balance sheet cash flows, supporting interest rate risk (IRR) analytics, and ensuring the integrity of key metrics such as Net Interest Income (NII) and Economic Value of Equity (EVE).
The ideal candidate brings a strong understanding of asset-liability management (ALM), behavioral modeling, and financial modeling frameworks, along with the ability to translate complex assumptions into actionable insights.
Key Responsibilities
  • Support the vendor selection and system implementation of the firm's cash flow engine / ALM system
  • Develop, maintain, and enhance cash flow models for assets and liabilities that will be used for risk monitoring and balance sheet forecasting
  • Produce and analyze interest rate risk metrics, including NII and EVE under various scenarios
  • Design, document, and support behavioral assumptions (e.g., prepayments, deposit decay, betas, non-maturity deposit modeling)
  • Partner with Finance and Risk teams to ensure alignment of modeling assumptions and outputs
  • Perform scenario analysis and sensitivity testing to support balance sheet strategy and risk management
  • Ensure data integrity, model accuracy, and compliance with internal policies and regulatory expectations
  • Support model validation, audit, and regulatory review processes
  • Identify opportunities to improve automation, efficiency, and model sophistication
Qualifications
  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related field (advanced degree preferred)
  • 5+ years of experience in bank ALM, bank Treasury, IRR modeling, or quantitative finance
  • Strong understanding of:
    • Bank balance sheets, products, and cash flow drivers
    • Net Interest Income (NII) modeling
    • Economic Value of Equity (EVE)
    • Interest rate risk frameworks
    • Cash flow hedging
  • Experience developing and supporting behavioral models and assumptions (e.g., deposits, loans, prepayments)
  • Hands-on experience with ALM or cash flow engine platforms (e.g., QRM, Empyrean, BancWare, or similar)
  • Strong quantitative and analytical skills; proficiency in Excel and/or programming tools (Python, SQL, R a plus)
  • Ability to communicate complex modeling concepts to non-technical stakeholders
Preferred Skills
  • Experience in banking* or financial services
  • Familiarity with regulatory expectations for IRRBB and model risk management
  • Experience with model validation or governance frameworks
  • Strong problem-solving mindset with attention to detail
What Success Looks Like
  • A fully implemented and reliable cash flow engine supporting accurate NII and EVE projections with up to monthly production runs
  • Well-documented and defensible behavioral assumptions
  • Supporting a cross functional operating model for balance sheet forecasting
  • Clear, actionable insights that inform balance sheet and risk management decisions
  • Scalable modeling infrastructure that evolves with the business
Compensation
The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits. Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate's experience, expertise, geographic location, and internal pay equity relative to peers.
Our target new hire base salary ranges for this role are the following:
  • US employees in New York City, Seattle, Los Angeles or San Francisco: $207,800 - $259,800
  • US employees outside of New York City, Seattle, Los Angeles or San Francisco: $187,000 - $233,800
  • Canadian employees (any location): CAD 196,400 - 245,500

Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, or any other legally protected characteristic. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role.
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