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Model Risk Manager Jobs in North Carolina (NOW HIRING)

Live Oak Bank

Model Risk Analyst

Wilmington, NC · On-site

Knowledge of banking products, financial services, and model risk management practices. * Experience evaluating AI, machine learning, or agentic/LLM-based systems and their governance considerations.

LiveOak Bank

Model Risk Analyst

Wilmington, NC · On-site

Knowledge of banking products, financial services, and model risk management practices. * Experience evaluating AI, machine learning, or agentic/LLM-based systems and their governance considerations.

Martello Re

Model Risk Actuary

Charlotte, NC · On-site

$113K - $133K/yr

The Model Risk Actuary will support the identification, assessment, and management of model risk across the organization. This role ensures that models and assumptions used for pricing, reserving ...

Live Oak Bank

Model Risk Analyst

Wilmington, NC · On-site

Knowledge of banking products, financial services, and model risk management practices. * Experience evaluating AI, machine learning, or agentic/LLM-based systems and their governance considerations.

Talcott Financial Group

Risk Manager

Charlotte, NC · On-site

$120K - $155K/yr

This position will report into the Head of Model, Insurance, and Retail Risk in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA charter holders, and risk professionals ...

Rite-Hite

Financial Risk Manager

Concord, NC · On-site

Build and maintain financial models to quantify exposures and run scenario and stress analyses. * Manage insurance and risk financing programs (domestic, global, and captive), including oversight of ...

Deloitte

Financial Risk Manager

Raleigh, NC · On-site

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

Deloitte

Financial Risk Manager

Charlotte, NC · On-site

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

Bank of America

EFR Capital Risk Manager

Charlotte, NC · On-site

Manages risk requests, breach remediations and provides risk-effective challenges for front-line ... Enhance the Risk landscape by ensuring our balance sheet and business model is appropriately ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in North Carolina

Model Risk Manager information

See North Carolina salary details

$46.8K

$101.4K

$154.5K

How much do model risk manager jobs pay per year?

As of Sep 11, 2026, the average yearly pay for model risk manager in North Carolina is $101,382.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,800.00 and $117,200.00 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 North Carolina?

The most popular types of Model Risk jobs in North Carolina are:

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

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

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

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

What cities in North Carolina are hiring for Model Risk Manager jobs?

Cities in North Carolina with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in North Carolina as of August 2026, with employment types broken down into 75% Full Time, and 25% Contract. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $101,382 per year, or $48.7 per hour.

Model Risk Analyst

Wilmington, NC • On-site

Live Oak Bank
Commercial Banking • 501 - 1,000 employees
Learn more about Live Oak Bankexternal

Full-time

Posted 8 days ago

Job description

About Us
Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America's Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.
How This Role Impacts Live Oak and Its People
As a Model Risk Analyst, you help ensure Live Oak's models and AI-enabled solutions are sound, well-governed, and aligned with business objectives and regulatory expectations. Working within the second line of defense, you provide independent review, effective challenge, and ongoing oversight across the full model and AI lifecycle. Your work supports safe and sound operations and informed decision-making across the model and AI lifecycle.
Location: Required to be location in North Carolina market. Work Sponsorship is not supported now or in the future.
What You'll Do at Live Oak
Model Validation & Effective Challenge
  • Conduct quantitative and qualitative validations of internally developed and vendor-provided models, assessing conceptual soundness, data, assumptions, methodology, outcomes, and limitations.
  • Review and challenge ongoing monitoring results to confirm models continue to perform as intended, and escalate emerging risks.
  • Assess model change requests, including methodology changes, data updates, and enhancements, and help determine the appropriate level of review.
  • Provide effective challenge to model owners and developers by identifying risks, limitations, and control gaps, and recommending remediation.
  • Document findings, assign criticality, and track remediation through to closure.

AI Governance & Emerging Technology
  • Test, evaluate, and independently review AI-enabled tools, agents, and skills to confirm alignment with governance standards, regulatory expectations, and business objectives.
  • Assess key AI-specific risks such as bias, data privacy, and reliability, and support monitoring practices for AI-enabled tools and systems.
  • Monitor emerging AI tools and industry trends to help flag governance and risk considerations early as new use cases are adopted.

Analysis & Reporting
  • Analyze quantitative and qualitative data to identify trends, anomalies, performance concerns, and emerging risks affecting model effectiveness and decision-making.
  • Produce clear, well-structured validation, monitoring, and analytical documentation that communicates technical findings to technical and non-technical audiences.
  • Support development of risk dashboards, key risk indicators, and executive reporting.

Governance, Framework & Stakeholder Support
  • Support the model and AI governance framework by handling intake reviews, risk tiering, validation scheduling, and findings tracking, and by maintaining the model and AI inventory.
  • Contribute to governance materials and reporting for committees such as the Model Risk Committee and AI Governance Forum.
  • Maintain a current understanding of model risk governance, policies, procedures, and regulatory guidance, including SR 26-2 and emerging AI/ML governance expectations.

Required Experience
  • Bachelor's degree in Statistics, Mathematics, Economics, Finance, Engineering, Data Analytics, Computer Science, or a related quantitative field.
  • 2-4 years of experience in model risk management, model validation, model development, quantitative analytics, or a related risk management function within financial services.
  • Experience reviewing or validating quantitative and/or qualitative models, such as credit risk, allowance, forecasting, pricing, BSA/AML, or operational models.
  • Ability to analyze model documentation, data, assumptions, methodologies, and results, and to apply independent judgment and effective challenge.
  • Baseline familiarity with AI or machine learning concepts and related governance considerations.
  • Proficiency with Python and SQL, and hands-on experience with version-control and analytical platforms such as GitHub and Databricks.
  • Strong written and verbal communication skills, able to convey complex concepts to varied audiences.
  • Well-organized and self-directed, with intellectual curiosity and a proactive, collaborative approach to managing competing priorities.

Preferred Experience
  • Advanced degree (Master's) in a quantitative discipline.
  • Knowledge of banking products, financial services, and model risk management practices.
  • Experience evaluating AI, machine learning, or agentic/LLM-based systems and their governance considerations.
  • Familiarity with AI governance frameworks such as the NIST AI Risk Management Framework or emerging interagency guidance.
  • Experience with additional analytical tools such as R or SAS.
  • Experience developing risk dashboards, key risk indicators, and executive reporting.

Our Values
  • Dedication: Possess a deep commitment to Live Oak Bank's mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.
  • Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
  • Respect: Treat everyone with courtesy, politeness, and kindness.
  • Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
  • Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more

For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/
Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at HumanResources@liveoak.bank.
EEO is the Law
The base pay range for this position is $82,240.00 - $133,640.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate's salary is determined by several factors including travel, relevant work experience or skills and expertise.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.

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