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Model Risk Manager Jobs in Nevada (NOW HIRING)

Risk Management Specialist

Reno, NV · On-site

$34.40 - $48.16/hr

These leadership skills include role modeling, coaching, and monitoring to develop staff. This ... Experience: Risk Management/Quality Improvement experience preferred. Demonstrate proficient ...

Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... Modeling and reinforcing professional and technical standards, including the Firm's code of conduct ...

Description Position Summary This position is a part of the Risk Management department. Our risk ... Must be proficient in financial modeling procedures. * Strong knowledge of Microsoft tool suite ...

Manage projects under tight deadlines. * Perform tracking, reporting, and prepare presentations on ... Must be proficient in data mining and financial modeling procedures. * Self-starter, who can work ...

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Model Risk Manager information

See Nevada salary details

$52.4K

$113.6K

$173.1K

How much do model risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for model risk manager in Nevada is $113,598.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,600.00 and $131,400.00 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 Nevada? For Model Risk Manager jobs in Nevada, the most frequently searched job titles are:
Risk Management Specialist

Risk Management Specialist

Renown Health

Reno, NV • On-site

$34.40 - $48.16/hr

Full-time

Re-posted 19 days ago


Renown Health rating

7.5

Company rating: 7.5 out of 10

Based on 97 frontline employees who took The Breakroom Quiz

228th of 880 rated healthcare providers


Job description

Position Purpose
This position proactively identifies areas of liability exposure regarding patient safety and quality concerns and coordinates the reporting of such information to appropriate entities for analysis and action to reduce the likelihood of loss and improve patient outcomes. This position is part of the Risk Management Department and interfaces with multiple departments. This position maintains systems within the organization to detect, monitor, prevent, organize, measure, investigate, report, and manage patient adverse events, malpractice claims, incident reports, and other indicators of potential patient harm. This position will coordinate the response to occurrences, including complaints, demands, never events, near misses, and sentinel events and will facilitate Root Cause Analyses to identify opportunities for improvement as well as to minimize potential liability from identified occurrences. The position provides education and coaching on a variety of topics intended to reduce clinical risk, i.e. legal holds, consent, Just Culture, Universal Protocol and many others.
Nature and Scope
This position facilitates Root Cause Analysis, collaborates with multiple departments in identifying performance improvement opportunities, and is responsible to ensure adequate follow through of issues identified in RCAs and claims. Monitors incidents and facilitates claims reporting as appropriate. The incumbent must demonstrate the knowledge and skills necessary to assists in the investigation of claims; chart reviews and supports internal and external defense efforts.
This position is responsible for the tracking, trending, and investigation of occurrences, potentially compensable events and preventable adverse events. This position works with clinical and medical staff on issues related to concerns of liability. This position requires advanced leadership skills. These leadership skills include role modeling, coaching, and monitoring to develop staff. This position also requires ongoing assessment, planning, implementation, and evaluation of quality improvement methods for the health system.
It is common to encounter potential hazards in the healthcare environment. Some of these hazards could include, but are not limited to: Radiation, Toxic Chemicals, Biological Hazards, Heat, Noise, Dust and Stress. Renown Health has a Safety Management Program in place addressing these issues.
This position does not provide patient care.
Disclaimer
The foregoing description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills and efforts or work conditions associated with the job. It is intended to be an accurate reflection of the general nature and level of the job.
Minimum Qualifications
Requirements - Required and/or Preferred
Name
Description
Education:
Must have working-level knowledge of the English language, including reading, writing and speaking English. Bachelor's degree in a healthcare related field is required. Clinical background and/or healthcare experience preferred.
Experience:
Risk Management/Quality Improvement experience preferred. Demonstrate proficient computer skills including expertise in Microsoft Excel, with compilation of spread sheets, and accompanying charts/graphs.
License(s):
None
Certification(s):
CPHRM or CPHQ preferred.
Computer / Typing:
Must be proficient with Microsoft Office Suite, including Outlook, PowerPoint, Excel, Visio, and Word and have the ability to use the computer to complete online learning requirements for job-specific competencies, access online forms and policies, complete online benefits enrollment, etc.

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About Renown Health

Sourced by ZipRecruiter

Renown Health is a leading and respected player in the healthcare industry, based in Reno, NV, US. Established in 1862, the company has a deep-rooted history in providing high-quality healthcare services to the community. Renown Health offers a wide array of services including urgent care centers, lab services, x-ray and imaging services, primary care doctors and specialists. Its central values include excellence in quality and service, caring for people first, being proactive in the community, fiscal responsibility, integrity, and respecting every person.

Industry

Health care and social assistance

Company size

5,001 - 10,000 Employees

Headquarters location

Reno, NV, US

Year founded

1862

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