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Model Risk Manager Jobs in Massachusetts (NOW HIRING)

Maintain inventories of AI systems, models, datasets, and third-party AI tools, including risk ... Required Qualifications: * 5 - 8 years of governance or risk management type experience * 1 - 2 ...

Actuary - Risk Management

Boston, MA · On-site

$120K - $150K/yr

Join us as a Actuary - Risk Management to take on key responsibilities within a world-class ... Build benchmark reserving models and design statistical tests to review and challenge reserving ...

... Risk Manager, you will play a pivotal role within our Risk & Regulatory practice, focusing on ... You will utilize skills in data manipulation, visualization, and statistical modeling to support ...

Quantitative Risk

Boston, MA · Hybrid

$104K - $180K/yr

This role will be part of the CMAO team focused on delivering modeling and analytics solutions to assess counterparty credit risk and market risk managed by State Street Global Markets ("SSGM"). The ...

Quantitative Risk

Boston, MA · On-site

$104K - $180K/yr

This role will be part of the CMAO team focused on delivering modeling and analytics solutions to assess counterparty credit risk and market risk managed by State Street Global Markets ("SSGM"). The ...

Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...

New

Associate Actuary - Risk Management At AIG, we are reimagining the way we help customers to manage ... Build benchmark reserving models and design statistical tests to review and challenge reserving ...

Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...

Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...

Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...

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Model Risk Manager information

See Massachusetts salary details

$56.2K

$121.8K

$185.7K

How much do model risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for model risk manager in Massachusetts is $121,833.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,300.00 and $140,900.00 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 Massachusetts? For Model Risk Manager jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Massachusetts look for? The top searched job categories for Model Risk Manager jobs in Massachusetts are:
What cities in Massachusetts are hiring for Model Risk Manager jobs? Cities in Massachusetts with the most Model Risk Manager job openings:
Technology Risk Advisory - AI Risk Senior Associate

Technology Risk Advisory - AI Risk Senior Associate

RSM

Boston, MA • On-site

Full-time

Re-posted 3 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

Role Overview

The Technology Risk Advisory - AI Risk Senior Associate will play a key role in helping clients strengthen their technology, AI, and cybersecurity risk capabilities. You'll support the design, assessment, and governance of AI and GenAI systems, evaluate cloud and data controls, and contribute to emerging risk frameworks that keep pace with rapid innovation.

This role blends handson technical exposure with structured risk thinking-ideal for someone who can navigate both model development concepts and regulatory expectations.

Key Responsibilities

  • AI/ML Risk Assessments - Support and execute risk and compliance assessments for AI/ML and GenAI systems, including model lifecycle controls, data governance, and responsible AI considerations.
  • Technology & Cloud Compliance - Evaluate IT, cloud, and data environment controls (IAM, encryption, logging, monitoring, network segmentation).
  • Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems.
  • Emerging Technology Risk - Support assessments related to GenAI, automation, cloud-native architectures, and digital transformation initiatives.
  • Software & Data Engineering Fundamentals - Apply understanding of APIs, data pipelines, testing, and version control to evaluate technical risk.
  • CrossFunctional Collaboration - Work with engineering, data science, cybersecurity, model risk, and audit teams across the 1st and 2nd lines of defense.
  • Client Delivery - Support workplans, manage assigned tasks, gather requirements, and contribute to highquality client deliverables.
  • Risk Translation - Translate technical design elements (data flows, model behavior, system architecture) into clear risk considerations.
  • Communication & Reporting - Prepare documentation, assessment outputs, and stakeholderready reporting that simplifies complex AI and technology concepts.

Required Experience & Qualifications

  • Bachelor's or Master's degree in Computer Science, Engineering, Data Science, Information Systems, Risk, or related field.
  • 2-5 years supporting delivery of technology solutions, with exposure to AI/ML or GenAI and experience in risk, compliance, audit, or regulated environments.
  • Working knowledge of modern ML/GenAI stacks (Python, model development frameworks, embeddings, RAG concepts).
  • Handson contribution to model development, evaluation, or implementation.
  • Experience assessing or implementing AI systems on cloud platforms (IAM, encryption, data governance, environment controls).
  • Solid understanding of software engineering fundamentals: APIs, data pipelines, testing, version control, CI/CD exposure.
  • Ability to translate technical design into risk and control implications with guidance.
  • Experience supporting AI governance and model risk documentation.
  • Strong analytical and problemsolving skills with the ability to structure ambiguous problems.
  • Consulting fundamentals: requirement gathering, task management, coordination across teams.
  • Effective communicator able to translate technical concepts into clear business and risk language.

Preferred Qualifications

  • Certifications such as AAIA, AAISM, AIGP, CISA, CISSP, CCSP, CRISC, or AIfocused credentials.
  • Experience with AI risk frameworks, responsible AI principles, or cloud compliance programs.

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $77,700 - $146,900

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.