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Model Risk Manager Jobs in Alabama (NOW HIRING)

IronMountain Solutions

Risk Manager

Huntsville, AL · Hybrid

Hands-on experience with ARM/Power BI , including dashboard creation, data modeling, and visualization for risk tracking * Demonstrated ability to solve complex problems. * Ability to manage multiple ...

IronMountain Solutions

Risk Manager

Huntsville, AL · On-site

Hands-on experience with ARM/Power BI , including dashboard creation, data modeling, and visualization for risk tracking * Demonstrated ability to solve complex problems. * Ability to manage multiple ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Alabama

Model Risk Manager information

See Alabama salary details

$46.7K

$101.1K

$154.1K

How much do model risk manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for model risk manager in Alabama is $101,113.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,600.00 and $116,900.00 per year, depending on experience, location, and employer.

What are some common challenges a Model Risk Manager faces when validating complex financial models?

Model Risk Managers often encounter challenges such as limited or incomplete data, evolving regulatory requirements, and the need to validate highly complex or proprietary models. They must work closely with model developers, quantitative analysts, and compliance teams to ensure all assumptions and methodologies are sound. Staying up to date with industry best practices and maintaining clear documentation are also crucial, as is effectively communicating findings to both technical and non-technical stakeholders.

What is the difference between Model Risk Manager vs Quantitative Analyst?

AspectModel Risk ManagerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or mathematics; certifications like FRM or CFADegree in finance, economics, mathematics, or related fields; often CFA or CQF
Work EnvironmentFocus on risk management teams within financial institutions; regulatory complianceAnalytical roles within trading, investment, or banking divisions; model development
Employer & Industry UsageFinancial institutions, banks, asset managersInvestment firms, hedge funds, banks, financial services

The Model Risk Manager primarily oversees and mitigates risks associated with financial models, ensuring compliance and accuracy. In contrast, Quantitative Analysts develop and implement models to support trading, investment, or risk strategies. While both roles require strong quantitative skills and similar credentials, their focus areas differ—risk management versus model development and analysis.

What are the key skills and qualifications needed to thrive as a Model Risk Manager, and why are they important?

To thrive as a Model Risk Manager, you need a solid background in quantitative finance, statistics, or mathematics, often supported by an advanced degree and experience in model development or validation. Familiarity with programming languages such as Python or R, risk management frameworks, and regulatory requirements like SR 11-7 or ECB guidelines is typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for articulating complex model risks to stakeholders. These competencies are vital for ensuring the accuracy, compliance, and reliability of financial models within an organization.

What does a Model Risk Manager do?

A Model Risk Manager is responsible for identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. They ensure that models are accurate, reliable, and compliant with regulatory standards by overseeing validation processes and monitoring model performance. Their role often includes collaborating with model developers, conducting independent reviews, and implementing model governance frameworks to minimize potential losses or errors stemming from model misuse or inaccuracies.
What are popular job titles related to Model Risk Manager jobs in Alabama? For Model Risk Manager jobs in Alabama, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Alabama look for? The top searched job categories for Model Risk Manager jobs in Alabama are:
What cities in Alabama are hiring for Model Risk Manager jobs? Cities in Alabama with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Alabama as of June 2026, with employment types broken down into 94% Full Time, 5% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $101,113 per year, or $48.6 per hour.
Risk Quantitative Model Validation Analyst

Risk Quantitative Model Validation Analyst

Regions Financial Corporation

Birmingham, AL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Regions Bank rating

8.0

Company rating: 8.0 out of 10

Based on 153 frontline employees who took The Breakroom Quiz

53rd of 141 rated banks

Job description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Risk Quantitative Model Validation Analyst serves as a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities. The associate will test data products, including models and analytical tools, in the areas of fraud monitoring, cybersecurity, credit scoring, marketing, BSA/AML/OFAC compliance, market risk, capital markets, operational risk, finance and accounting, loan pricing, deposit pricing, loan valuation, and economic capital.
In Model Risk Management and Validation (MRMV), the Risk Quantitative Model Validation Analyst works with multiple teams of validation analysts, governance analysts, as well as automation specialists to validate highly complex quantitative models, including Artificial Intelligence (AI) and Machine Learning (ML) approaches. The ideal candidate has knowledge in data management, visualization, automation, quantitative modeling methods and programming skills.
Primary Responsibilities
  • Performs quantitative validation test work under guidance from validation manager and/or senior validation analyst and summarizes test results, conclusions, and issues in model validation report
  • Works with large, structured, and unstructured datasets
  • Uses quantitative and analytical techniques to validate models focused on accelerating profitable growth and customer engagement, unlocking value across all functional areas of business
  • Communicates model issues and limitations to key stakeholders and represents Regions with regulators as needed
  • Validates Machine Learning and Artificial Intelligence models
  • Demonstrates ability to continuously learn and provide value in a dynamic environment
  • Fosters interest in MRMV among internal Regions associates when MRMV has postings

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
  • Bachelor's degree and five (5) years of experience in a quantitative/analytical/STEM field
  • OR Master's degree and three (3) years of experience in a quantitative/analytical/STEM field
  • OR Ph.D.

Preferences
  • Background in banking and/or other financial services
  • Experience in Agile Software Development
  • Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other relevant certifications
  • One (1) year of working experience in Machine Learning, Deep Learning, or Artificial Intelligence
  • One (1) year of working programming experience in Python, R, Matlab, SAS or Java
  • One (1) year of hands-on experience with Big Data technologies

Skills and Competencies
  • A control-focused mind-set with strong process improvement capabilities
  • A proven track record of working in teams and of leading projects
  • Ability to manage multiple tasks and work effectively under pressure in a rapidly changing environment
  • Advanced Structure Query Language (SQL) skills
  • Attention to detail, initiative, and ability to work under tight deadlines
  • Comfortable with both relational databases and Hadoop-based data mining frameworks
  • Current knowledge of financial regulations
  • Excellent written and oral communication skills, especially clearly explaining quantitative concepts to non-quantitative audiences
  • Expertise in analyzing large, complex, multi-dimensional datasets using a variety of tools like Python or R.
  • Motivated, organized, and team-oriented
  • Proficient in visualization tools like Power Business Intelligencer (BI)
  • Strong business acumen with the ability to communicate with both business and Information Technology (IT) leaders
  • Understanding of statistical and predictive modeling concepts, machine learning approaches, clustering and classification techniques, and recommendation and optimization algorithms

Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$80,625.05 USD
Median:
$108,710.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Regions Center
Location:
Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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