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Model Risk Manager Jobs in Connecticut (NOW HIRING)

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

Support administration and adherence of enterprise risk management programs, including vendor risk, information security risk, and model risk. * Track, manage, monitor, and report on risk issues and ...

TecTammina

OFSAA data modeler

Norwalk, CT · On-site

$55 - $71.25/hr

... like Model risk management, Liquidity Risk, Basel etc. OFSAA Data Model overview Knowledge of technical tool stack: Informatica, Exadata, OBIEE etc. Good exposure to Data level testing, Data ...

TecTammina

OFSAA data modeler

Norwalk, CT

$55 - $71.25/hr

... like Model risk management, Liquidity Risk, Basel etc. OFSAA Data Model overview Knowledge of technical tool stack: Informatica, Exadata, OBIEE etc. Good exposure to Data level testing, Data ...

Swiss Re

Clinical Risk Manager

Windsor, CT · On-site

$84K - $140K/yr

Swiss Re uses a hybrid work model requiring at least three days in the office each week. This ... A background in a Clinical Risk Management position is encouraged but will consider qualified ...

Swiss Re

Clinical Risk Manager

Windsor, CT · Hybrid

$84K - $140K/yr

Swiss Re uses a hybrid work model requiring at least three days in the office each week. This ... A background in a Clinical Risk Management position is encouraged but will consider qualified ...

State Street Global Advisors

Quantitative Risk, AVP

Stamford, CT

$90K - $157K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

BACKGROUND The Centralized Modeling & Analytics and Operations(CMAO) team within State Street's Enterprise Risk Management (ERM) organization is looking for an experienced quantitative analyst to ...

State Street Global Advisors

Quantitative Risk, VP

Stamford, CT

$120K - $202K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Who we are looking for The Centralized Modeling & Analytics and Operations(CMAO) team within State Street's Enterprise Risk Management (ERM) organization is looking for an experienced quantitative ...

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Showing results 21-40

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Connecticut

Model Risk Manager information

See Connecticut salary details

$49K

$106.1K

$161.7K

How much do model risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for model risk manager in Connecticut is $106,122.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,600.00 and $122,700.00 per year, depending on experience, location, and employer.

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 skills and qualifications are needed to be a model risk manager?

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 are 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 popular job titles related to Model Risk Manager jobs in Connecticut?

For Model Risk Manager jobs in Connecticut, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Connecticut look for?

The top searched job categories for Model Risk Manager jobs in Connecticut are:

What cities in Connecticut are hiring for Model Risk Manager jobs?

Cities in Connecticut with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Connecticut as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $106,122 per year, or $51 per hour.

RISK ANALYST

Northwest Community Bank

Canton, CT • On-site

Full-time

Re-posted 6 days ago

Job description


Risk Analyst

Enterprise Risk Management | Banking

—————————————————————————

This position does not offer remote access. It is an in-office position located in Canton, CT.

Summary of the Role

The Risk Analyst is a detail-oriented and analytical position that supports and enhances the Enterprise Risk Management (ERM) program. The role will help identify, assess, and monitor risks across the organization that could impact financial performance, operations, and strategic initiatives. The Risk Analyst will collaborate with business partners to strengthen risk awareness and ensure compliance with internal policies, regulatory expectations and audit activities.

Key Responsibilities

  • Partner with business units to perform Risk and Control Self-Assessments (RCSAs), identifying risks, evaluating controls, and recommending mitigation strategies.
  • Support administration and adherence of enterprise risk management programs, including vendor risk, information security risk, and model risk.
  • Track, manage, monitor, and report on risk issues and corrective action plans to ensure timely resolution.
  • Analyze and report Key Risk Indicators (KRIs) and Risk Appetite Statement (RAS) metrics.
  • Prepare reports, dashboards, summaries and presentations for senior management to support informed decision-making.
  • Perform data analysis to identify trends, emerging risks, and potential vulnerabilities.
  • Assist in the preparation for internal audits and regulatory examinations, including documentation, supporting planning activities, and follow-ups.
  • Support delivery of risk training and awareness initiatives across the organization
  • Collaborate cross-functionally to promote a strong risk management culture and ensure alignment with risk management practices.
  • Contribute to enhancements in risk tools, systems, and reporting processes and presentations.

Skills

Risk Control Self Assessments

Risk Management Programs & Policy

Risk Appetite Statement Metrics

Key Risk Indicators

Training

Issue Management

Data Analysis

Reporting

Collaboration

Educating Business Partners

Qualifications

  • Bachelor’s degree in Business, Finance, Accounting, or related field (or equivalent experience)
  • 2–5 years of experience in risk management, banking, finance, or compliance
  • Working knowledge of enterprise risk management frameworks and principles
  • Familiarity with Governance, Risk, and Compliance (GRC) systems preferred
  • Professional certifications such as CERP, CRCM, or similar are a plus
  • Advanced Microsoft Excel and overall proficiency in Microsoft Office applications
  • Strong analytical, problem-solving, and organizational skills
  • Excellent written and verbal communication skills
  • Ability to work independently, manage multiple priorities and meet deadlines

Why Join Us

  • Opportunity to play a meaningful role in strengthening enterprise risk management practices
  • Exposure to senior leadership and cross-functional collaboration
  • Supportive and professional team environment
  • Career growth within a regulated financial institution

Work Environment & Physical Requirements

  • Primarily office-based role requiring prolonged sitting and computer use
  • Use of standard office equipment
  • Occasional standing, walking, and light lifting (up to 10 pounds)
  • Ability to travel locally as needed

Equal Opportunity Employer

We are committed to creating an inclusive and diverse workplace. Employment decisions are based on qualifications, merit, and business needs, without regard to race, color, religion, sex, national origin, veteran status, or any other protected status.