Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Compliance Risk Analyst
Framingham, MA · On-site
$44/hr
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 ...
Compliance Risk Analyst
Framingham, MA · On-site
$44/hr
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 ...
1st LOD Risk Manager - Data & Analytics
Westwood, MA · Hybrid
$83K - $111K/yr
As the First Line Risk Manager , you will represent the first line of defense and play a key role ... model development and validation, and advanced analytics initiatives, including GenAI and Machine ...
1st LOD Risk Manager - Data & Analytics
Westwood, MA · Hybrid
$83K - $111K/yr
As the First Line Risk Manager , you will represent the first line of defense and play a key role ... model development and validation, and advanced analytics initiatives, including GenAI and Machine ...
1st LOD Risk Manager - Data & Analytics
Westwood, MA · Hybrid
$83K - $111K/yr
As the First Line Risk Manager , you will represent the first line of defense and play a key role ... model development and validation, and advanced analytics initiatives, including GenAI and Machine ...
1st LOD Risk Manager - Data & Analytics
Westwood, MA · Hybrid
$83K - $111K/yr
As the First Line Risk Manager , you will represent the first line of defense and play a key role ... model development and validation, and advanced analytics initiatives, including GenAI and Machine ...
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 * Bachelor ...
Quick apply
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 * Bachelor ...
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 ...
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 ...
Data Validation Risk - Manager
Boston, MA · On-site
$99K - $232K/yr
... 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 ...
Data Validation Risk - Manager
Boston, MA · On-site
$99K - $232K/yr
... 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 ...
Lead the transition of risk management from a cyber-centric model to an enterprise-wide framework -- expanding scope beyond cybersecurity to operational, financial, regulatory, and third-party risk ...
Lead the transition of risk management from a cyber-centric model to an enterprise-wide framework -- expanding scope beyond cybersecurity to operational, financial, regulatory, and third-party risk ...
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 · 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 ...
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 ...
Head of Balance Sheet Risk
Boston, MA · On-site
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
Head of Balance Sheet Risk
Boston, MA · On-site
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
New
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
New
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
New
Modeling process evolution: Collaborate with the Chief Actuary, Treasurer, Investment Management ... Present risk analysis, insights, and recommendations to the Investment Oversight Committee ...
New
Responsibilities : • Lead the transition of risk management from a cyber-centric model to an enterprise-wide framework -- expanding scope beyond cybersecurity to operational, financial, regulatory ...
Responsibilities : • Lead the transition of risk management from a cyber-centric model to an enterprise-wide framework -- expanding scope beyond cybersecurity to operational, financial, regulatory ...
Associate Actuary - Risk Management
$115K - $145K/yr
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 ...
Associate Actuary - Risk Management
$115K - $145K/yr
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 ...
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Senior Consultant - Digital Assets Enterprise Strategy, Risk and Operating Model Design
Boston, MA · On-site
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Senior Consultant - Digital Assets Enterprise Strategy, Risk and Operating Model Design
Boston, MA · On-site
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Sr Data Scientist Treasury Modeling
Boston, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Sr Data Scientist Treasury Modeling
Boston, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Sr Data Scientist Treasury Modeling
Westwood, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Sr Data Scientist Treasury Modeling
Westwood, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Sr Data Scientist Treasury Modeling
Boston, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Sr Data Scientist Treasury Modeling
Boston, MA · On-site
$124K - $165K/yr
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews * Monitor model performance and recommend enhancements including overlays, recalibration, or ...
Model Risk Manager information
See Massachusetts salary details
$56.2K - $68K
4% of jobs
$68K - $79.8K
6% of jobs
$79.8K - $91.5K
11% of jobs
$96K is the 25th percentile. Wages below this are outliers.
$91.5K - $103.3K
11% of jobs
The median wage is $112.7K / yr.
$103.3K - $115.1K
23% of jobs
$115.1K - $126.8K
13% of jobs
$134.6K is the 75th percentile. Wages above this are outliers.
$126.8K - $138.6K
12% of jobs
$138.6K - $150.4K
8% of jobs
$150.4K - $162.1K
6% of jobs
$162.1K - $173.9K
4% of jobs
$173.9K - $185.7K
2% of jobs
$56.2K
$121.8K
$185.7K
How much do model risk manager jobs pay per year?
What are some common challenges a Model Risk Manager faces when validating complex financial models?
What is the difference between Model Risk Manager vs Quantitative Analyst?
| Aspect | Model Risk Manager | Quantitative Analyst |
|---|---|---|
| Required Credentials | Advanced degrees in finance, statistics, or mathematics; certifications like FRM or CFA | Degree in finance, economics, mathematics, or related fields; often CFA or CQF |
| Work Environment | Focus on risk management teams within financial institutions; regulatory compliance | Analytical roles within trading, investment, or banking divisions; model development |
| Employer & Industry Usage | Financial institutions, banks, asset managers | Investment 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?
What does a Model Risk Manager do?
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 - $146,900Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.