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Model Risk Manager Jobs in Missouri (NOW HIRING)

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Model Risk Manager information

See Missouri salary details

$48.3K

$104.6K

$159.5K

How much do model risk manager jobs pay per year?

As of Sep 12, 2026, the average yearly pay for model risk manager in Missouri is $104,640.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,400.00 and $121,000.00 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 differβ€”risk management versus model development and analysis.

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

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

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

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

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

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

Infographic showing various Model Risk Manager job openings in Missouri as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $104,640 per year, or $50.3 per hour.

Contract Services Financial Risk Manager

Perryville, MO β€’ On-site, Remote

The Bank of Missouri
Commercial BankingΒ β€’Β 201 - 500 employees

$86K - $113K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago


Job description

Working at The Bank of Missouri
At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.
About our Company
Staying in business for more than 125 years is hard. Really hard. If you think about it, we've endured many events, like the Great Depression and two World Wars. We've survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation!
We've built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.
Here are some of the great benefits you will enjoy as a member of our team:
  • Competitive Salary
  • Personal paid time off, as eligible and paid holidays
  • 401K and Employee Stock Option Plan, as eligible
  • Generous medical, dental, vision, life and disability insurance
  • Fitness reimbursement
  • Learning, development and growth opportunities

Summary
Responsible for analysis of financial statements provided by Contract Services existing Fintech Relationships and new prospects. Will assist Relationship Managers in spreading quarter and year-end financial statements for Risk Assessments, while providing assistance in understanding the trending, risks and opportunities of the financial statements for increased understanding of the long-term viability of the organization to fulfill their financial obligations to The Bank of Missouri. Position will also have the following duties.
Essential Duties and Job Responsibilities include the following:
  • Works on data intensive projects, including analytics, governance, and manipulation, to support a variety of financial risk initiatives
  • Work directly with senior professionals to execute various financial institution advisory projects related to financial risk management including credit risk, valuation, capital planning, and stress-testing, liquidity, resolution planning, and model risk management.
  • Complete all financial analysis reviews assigned, reporting results to the appropriate Relationship Manager, SVP of Contract Services and SVP Contract Services Risk and Compliance Officer
  • Follow-up with Relationship Managers and others as assigned, to ensure all financial reporting due is received on time per contract agreements and required timelines
  • Provide feedback to the Relationship Managers, others as assigned, regarding any findings, trends, recommendations and/or actions necessary to ensure complete understanding of the results recorded
  • Complete quarterly and annual Financial Reporting for all Risk Assessments and ongoing monitoring of the financial viability of any Relationship/Prospect
  • Complete all financial reviews for any new identified Contract Services prospect using most recent audited financials, as well as, interim statements, as required per the due diligence procedures in the Contract Services policy
  • Work with both the bank Credit Analyst team, as needed, and the Bank financial spreading software to create consistency in reporting, reviews and feedback to the appropriate team members
  • Develop analyses and financial models using transactional data and/or financial data
  • Prepare written analysis or summary on financial findings for each Relationship on a quarterly basis
  • Assist in preparing financial reviews, as requested, for any examinations or regulatory requests

Supervisory Responsibilities:
There are no supervisory responsibilities in this position.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience:
Bachelor's degree (B.A.) from four-year college or university, preferably finance or accounting; and minimum 3 years related experience and/or training as a financial analyst; or equivalent of education and experience.
Language Skills:
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customer and the general public.
Mathematical Skills:
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume. Ability to apply concepts of basic algebra and geometry.
Reasoning Ability:
Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
Other Skills and Abilities:
Must have the ability to operate a PC, printer, copy machine, fax machine and telephone. Good working knowledge of word processing and spreadsheet software. Previous experience with Securitizations; Warehouse Lines of Credit and Master Trusts helpful but not required.
Key Contacts--Internal and External:
Has frequent contact with all managerial personnel regarding their function's compliance with established financial oversight and operating procedures within Contract Services.
Has moderate contact with external auditors and regulatory authorities regarding required reports and examinations.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Comments:
  • Position sometimes requires the ability to work before or after normal business hours to meet deadlines and attend various meetings.
  • Position may at times require travel, usually on a monthly basis, but sometimes more frequent, depending on the circumstances. The majority of the travel will either be to the Bank's headquarters in Perryville, Missouri or across the United States to visit with various Relationships.
  • Knowledge or experience working with financial institution credit underwriting software/platforms a plus.
  • Knowledge or experience working with Salesforce and/or Tableau, also a plus.

The Bank of Missouri is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please contact us or call toll-free 888-547-6541.