Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Associate, Model Risk
Jersey City, NJ · On-site
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Associate, Model Risk
Jersey City, NJ · On-site
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
VP, L&A Risk
Jersey City, NJ · Hybrid
This role supports the Life & Annuity Risk and Model Risk Management Teams in second line risk oversight of a $100bn long-term reinsurance business and the ALM models that at the intersection of ...
VP, L&A Risk
Jersey City, NJ · Hybrid
This role supports the Life & Annuity Risk and Model Risk Management Teams in second line risk oversight of a $100bn long-term reinsurance business and the ALM models that at the intersection of ...
Associate, Model Risk
Jersey City, NJ · Hybrid
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Associate, Model Risk
Jersey City, NJ · Hybrid
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
VP, US Equity Derivatives & Structured Products Risk Manager
Manhattan, NY · On-site
$175K - $200K/yr
... Model Risk, Credit Risk, Legal, Compliance, Audit, and other control functions. Key ... Oversee and risk management of relevant US Equity Derivatives portfolios in accordance with Group ...
VP, US Equity Derivatives & Structured Products Risk Manager
Manhattan, NY · On-site
$175K - $200K/yr
... Model Risk, Credit Risk, Legal, Compliance, Audit, and other control functions. Key ... Oversee and risk management of relevant US Equity Derivatives portfolios in accordance with Group ...
VP, US Equity Derivatives & Structured Products Risk Manager
Manhattan, NY · On-site
$175K - $200K/yr
... Model Risk, Credit Risk, Legal, Compliance, Audit, and other control functions. Key ... Oversee and risk management of relevant US Equity Derivatives portfolios in accordance with Group ...
VP, US Equity Derivatives & Structured Products Risk Manager
Manhattan, NY · On-site
$175K - $200K/yr
... Model Risk, Credit Risk, Legal, Compliance, Audit, and other control functions. Key ... Oversee and risk management of relevant US Equity Derivatives portfolios in accordance with Group ...
... model risk management framework. This position is responsible for performing independent ... validations of complex and high-impact models across various business units, including evaluating ...
... model risk management framework. This position is responsible for performing independent ... validations of complex and high-impact models across various business units, including evaluating ...
... model risk management framework. This position is responsible for performing independent ... validations of complex and high-impact models across various business units, including evaluating ...
... model risk management framework. This position is responsible for performing independent ... validations of complex and high-impact models across various business units, including evaluating ...
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
Risk Management - Program Management - Senior Associate
Manhattan, NY · On-site
$92K - $134K/yr
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
Risk Management - Program Management - Senior Associate
Manhattan, NY · On-site
$92K - $134K/yr
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
As a Model Risk Management - Program Management - Associate, you'll support the management of model risk, governance activities are conducted to identify, measure, and mitigate model risk in the firm.
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Model Risk Management Intern [2027 Internship Program]
Jersey City, NJ · On-site
$27 - $40/hr
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Model Risk Management Intern [2027 Internship Program]
Jersey City, NJ · On-site
$27 - $40/hr
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Manager support, mentorship, peer connection, and opportunities to build your network ... manages model risk across the enterprise. * Prepare, clean, and analyze data used in model ...
Senior Market Risk Manager
Manhattan, NY · On-site
This individual will provide hands‑on support for risk identification, risk analytics, model performance monitoring, limit oversight, regulatory reporting, and senior management governance ...
Senior Market Risk Manager
Manhattan, NY · On-site
This individual will provide hands‑on support for risk identification, risk analytics, model performance monitoring, limit oversight, regulatory reporting, and senior management governance ...
As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in ...
As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in ...
Risk Management-Quant Model Director-Executive Director
Jersey City, NJ · On-site
$204K - $285K/yr
As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in ...
Risk Management-Quant Model Director-Executive Director
Jersey City, NJ · On-site
$204K - $285K/yr
As a Risk Management Quant Modeling Director-Executive Director in Model Risk and Governance Review (MRGR), you play a key role in ensuring robust model risk management. You will provide direction in ...
Model Risk Manager information
See New York salary details
$56.3K - $68.1K
4% of jobs
$68.1K - $79.9K
6% of jobs
$79.9K - $91.7K
11% of jobs
$96.1K is the 25th percentile. Wages below this are outliers.
$91.7K - $103.5K
11% of jobs
The median wage is $112.9K / yr.
$103.5K - $115.3K
23% of jobs
$115.3K - $127.1K
13% of jobs
$134.8K is the 75th percentile. Wages above this are outliers.
$127.1K - $138.8K
12% of jobs
$138.8K - $150.6K
8% of jobs
$150.6K - $162.4K
6% of jobs
$162.4K - $174.2K
4% of jobs
$174.2K - $186K
2% of jobs
$56.3K
$122K
$186K
How much do model risk manager jobs pay per year?
As of Sep 10, 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?
| 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 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:
SVP - Model Risk Management AI, Wealth and Investments
Manhattan, NY • On-site
BNY Mellon
• Finance and Insurance • 10K+ employees10,000+ employees
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Re-posted 15 days ago
BNY Mellon rating
7.5
Based on 53 frontline employees who took The Breakroom Quiz
Job description
We're seeking a future team member for the role of SVP - Model Risk Management AI, Wealth and Investment to join our Model Risk team. This role is located in New York City, New York.
In this role, you'll make an impact in the following ways:
- Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk identification, assessment, validation and governance, and by ensuring consistent application across businesses and legal entities.
- Oversee and review independent model validations and ongoing performance monitoring by demonstrating deep quantitative expertise, providing effective challenge to model design, data, assumptions and implementation, and ensuring that model risk is appropriately quantified, documented and mitigated.
- Establish and chair or actively contribute to model risk governance forums by defining decision-making processes, setting model approval thresholds and ensuring that model risk topics are escalated, debated and resolved in line with internal policies and regulatory expectations.
- Advise senior business, risk and Engineering stakeholders on model risk issues and emerging quantitative methodologies by translating complex analytical concepts into clear risk insights and recommendations that support sound business decisions and responsible innovation.
- Drive continuous enhancement of the firm's model risk policies, standards, tools and methodologies by monitoring external regulatory developments, industry good practice and advances in quantitative methods, and by embedding these into practical, risk-sensitive processes.
- Manage, develop and coach a team of model risk professionals by setting clear objectives, providing technical and behavioral guidance, promoting a culture of rigorous challenge and collaboration, and ensuring appropriate capacity and capabilities to meet current and emerging model risk demands.
- This role will be focused on GenAI and Wealth Models.
To be successful in this role, we're seeking the following:
- Advanced degree (Master's or PhD preferred) in a quantitative field such as mathematics, statistics, econometrics, physics, engineering, quantitative finance or computer science, or equivalent experience.
- Professional certifications in risk, quantitative finance or related areas (e.g., FRM, PRM, CQF) are advantageous.
- Strong knowledge of financial markets, products and risk management practices, including experience with complex mathematical/statistical modeling techniques.
- Typically, 8-12 years of experience
- Advanced quantitative and analytical skills, including deep knowledge of model development, validation and performance measurement techniques, and the ability to provide credible effective challenge.
- Strong leadership, communication and stakeholder management skills, with the ability to influence senior leaders, shape governance decisions and translate complex quantitative issues into clear risk insights.
- Proven people management capabilities, including building and leading high-performing quantitative teams, coaching technical staff and fostering a culture of integrity, accountability and continuous improvement in risk management.
About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
- America's Most Innovative Companies, Fortune, 2025
- World's Most Admired Companies, Fortune 2025
- "Most Just Companies", Just Capital and CNBC, 2025
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
What BNY Mellon employees say
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About BNY Mellon
Sourced by ZipRecruiter
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
New York, NY, US