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Model Risk Manager Jobs in New York (NOW HIRING)

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that ... Job Title: Context Engineer (Model Risk Focus) Location: NYC, NY, 10003 Duration: 6 months Rate ...

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$56.3K

$122K

$186K

How much do model risk manager jobs pay per year?

As of Jun 7, 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 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 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:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in New York as of May 2026, with employment types broken down into 61% Full Time, 36% Part Time, and 3% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $122,046 per year, or $58.7 per hour.
Context Engineer (Model Risk Focus)

Context Engineer (Model Risk Focus)

Merican

New York, NY • On-site

$50 - $53/hr

Other

Posted 4 days ago

Job description

Overview:
TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a global professional services firm specializing in digital transformation, business process management (BPM), analytics, and AI-driven solutions. The company partners with organizations to improve efficiency, transform operations, and drive business outcomes through a combination of process expertise, technology, and data insight.
Job Title: Context Engineer (Model Risk Focus)
Location: NYC, NY, 10003
Duration: 6 months
Rate: $50/hr. - $53/hr.
Job Type: Temporary Assignment
Work Type: Onsite
Job Summary:
We are seeking a Context Engineer focused on optimizing LLM and Agentic AI behavior through advanced context, prompt, and knowledge design techniques. This role supports model lifecycle and risk governance through domain aware context engineering.
Key Responsibilities
  • Design and optimize prompting and contextual structures to shape model behavior.
  • Encode escalation rules, risk boundaries, and guardrails directly into agent context.
  • Leverage domain expertise in Model Risk Management and model lifecycle workflows.
  • Work with vector databases and embedding techniques to enable retrieval augmented context.
  • Partner with AI engineers and architects to integrate context layers into agentic systems.

Required Skills
  • Domain knowledge in Model Risk Management.
  • Experience with prompt/context design and AI behavior optimization.
  • Hands on experience with vector databases and retrieval frameworks.

TekWissen® Group is an equal opportunity employer supporting workforce diversity.
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About Merican

Sourced by ZipRecruiter

Merican is a IT Service consulting firm, specialized in Digital adoption and Business automation. With our diverse collection of skilled and committed consultants, technology companies, businesses and digital experts, we provide our subject expertise and our unique client service approach, a best-in-class global model of delivery suited to the business demands of our clients. We ensure that we implement future-oriented solutions for our clients via investments in people, solutions, technologies, competencies and infrastructure.

Industry

It services

Company size

51 - 200 Employees

Headquarters location

Columbia , MD, US

Year founded

2020

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