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Model Risk Manager Jobs in New York (NOW HIRING)

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Model Risk Manager information

See New York salary details

$56.3K

$122K

$186K

How much do model risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for model risk manager in New York is $122,046.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $141,100.00 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 the most commonly searched types of Model Risk jobs in New York?

The most popular types of Model Risk jobs in New York are:

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

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

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

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

What cities in New York are hiring for Model Risk Manager jobs?

Cities in New York with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in New York as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $122,046 per year, or $58.7 per hour.

Manager - Model Validation / Model Risk Audit Consulting

Rsm Us Llp

Manhattan, NY • On-site

$101 - $203/hr

Other

Posted 7 days ago


RSM US rating

8.0

Company rating: 8.0 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

12th of 22 rated bookkeepers and accountants


Job description

## Manager – Model Validation / Model Risk Audit ConsultingApplylocations: Chicago: Charlotte: New Yorktime type: Full timeposted on: Posted Todayjob requisition id: JR120536We 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.# RSM is seeking a dynamic and experienced Manager to join our Risk Consulting practice and lead model validation and/or internal audit engagements for Financial Services clients. The ideal candidate combines hands-on model validation capabilities with a strong audit, internal controls, or second-line risk management background. This individual will lead independent model validations procedures, assess model methodology, implementation, performance, governance, and controls as well as direct internal audit engagements in which model risk is a significant component.## Key Responsibilities:* Lead and manage independent model validation or model risk internal audit engagements for banks, asset managers, and other financial institutions.* Perform technical model validation procedures, including assessment of conceptual soundness, model assumptions, development methodology, data, implementation, model inputs and, outputs, controls, performance monitoring, limitations, and ongoing use and evidence supporting model effectiveness.* Assess model governance, control design, documentation, change management, and operating effectiveness across complex model environments.* Understand and challenge model logic and implementation details; design and execute targeted input/output, data transformation, rule, calculation, replication, and outcome testing using SQL, SAS, Python, R, Alteryx, or similar tools.* Evaluate whether model validation and audit evidence is sufficient, reliable, and appropriately designed to support conclusions regarding model performance, implementation, and control effectiveness.* Coach and mentor junior staff, reviewing work and providing structured feedback to develop technical and soft skills.* Manage multiple projects concurrently, including planning, scoping, budgeting, execution, and reporting, ensuring delivery meets RSM’s quality standards.* Communicate findings and recommendations clearly in both written reports and client presentations.* Work collaboratively with internal teams and clients to mitigate risk and improve operational effectiveness.* Participate in business development efforts, including proposal writing and client presentations when appropriate.## Required Qualifications:* Bachelor's or Master’s degree in Accounting, Finance, Statistics, Economics, or a related field.* 6+ years of relevant experience in model validation and/or internal audit, risk management, or internal controls within the financial services industry.* Strong understanding of model risk management principles and supervisory expectations, risk-based internal audit methodology, internal controls, and governance frameworks.* Demonstrated experience leading or performing model validations and/or internal audit involving complex testing, control testing, or substantive testing over complex models, systems, or data-driven processes.* Ability to understand and challenge model logic, design testing strategies, evaluate evidence and determine whether testing sufficiently supports model performance or operating effectiveness conclusions.* Proficiency in Python, Alteryx, R or other analytics tools; experience with SQL, or SAS is a plus.* Ability to manage teams, lead engagements, and mentor junior professionals.* Strong written and verbal communication skills.* Ability to travel as needed (estimated <30%).## Preferred:* Professional certification relevant to audit, model risk, financial risk, analytics, or financial crimes, such as CPA, CIA, CISA, FRM, CFA, or CAMS.* Prior experience at a public accounting or professional services/consulting firm, or in an internal audit function or independent model validation or model risk management function.* Experience presenting to stakeholders, including risk committees or audit committees.* Experience with AML, sanctions, transaction monitoring, customer risk rating, or other financial crimes models.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: $101,000 - $203,000Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance. #J-18808-Ljbffr

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About RSM US

Sourced by ZipRecruiter

RSM US LLP is a leading provider of audit, tax, and consulting services focused on the middle market in the United States, and a member of the global accounting network RSM International. The company was founded in 1926 in Chicago, Illinois, under the name Irvings, Seligman & Co., and after several iterations, it adopted the name RSM US in 2015. Committed to understanding the clients' industry and providing focused insights, RSM has grown as a trusted advisor to more than 9,000 middle market leaders nationwide.

Industry

Accounting services

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

Year founded

1926

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