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Model Risk Manager Jobs in North Carolina (NOW HIRING)

US Bank

Quantitative Modeler Manager - AML

Charlotte, NC

$53.50 - $69.25/hr

S. Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address ... Management, internal audit and quality assurance functions, business partners, and regulators.

Jobtailor

Director of EUC Risk Oversight

Winston Salem, NC · On-site

$130 - $180/hr

... risk management requirements. * Provide strategic leadership and oversight of the EUC Risk Oversight. * Oversee Classification and Risk Tiering of candidate EUCs in partnership with Model Risk ...

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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 Aug 14, 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 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 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 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 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.

Quantitative Modeler Manager - AML

US Bank

Charlotte, NC

$53.50 - $69.25/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

NOTE: This position is not eligible for visa sponsorship.

This individual will work with a team of Financial Intelligence Unit (FIU) analysts responsible for supporting the development, production, and ongoing maintenance (including tuning and performance monitoring) of the Bank's Anti-Money Laundering (AML) Transaction Monitoring systems. These systems include the Actimize SAM Security Blanket model as well as a portfolio of targeted monitoring models developed internally via SAS/SQL/Python.

The ideal candidate for this position will have prior experience developing BSA/AML monitoring applications and related professional documentation (development documents, procedure manuals, PowerPoint presentations, etc.). The candidate must be highly motivated, organized, and an effective manager of time with the ability to handle multiple priorities simultaneously. This individual will have proven capabilities driving analytical projects that require communication and coordination with team members and stakeholders.

Additionally, this candidate will play a key role in advancing the AML monitoring program at U.S. Bank into more sophisticated anomaly detection systems. The candidate must be able to demonstrate expertise in true machine learning modeling approaches. The role is highly technical and requires significant interaction with both internal and external review and validation functions, along with the ability to explain complex concepts in a manner appropriate for various levels of audiences.

Essential functions include:

  • Partnering with team members in Enterprise Financial Crimes Compliance (EFCC) and the FIU to become familiar with various transaction monitoring applications, approaches and processes.

  • Supporting/owning/enhancing existing models

  • Driving the full model-development lifecycle, from data exploration to pilot to production level models.

  • Creating robust model development documentation specific to U.S. Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program.

  • Ongoing model monitoring in partnership with another FIU team, requiring research and analysis as appropriate based on performance metrics and Below the Line testing efforts.

  • Defending modeling approaches/methodologies/design decisions to both internal and external examiners.

Professional communication skills are crucial as this individual (and their work product) will represent the FIU team to EFCC senior leadership, Model Risk Management, internal audit and quality assurance functions, business partners, and regulators.

Basic Qualifications
- Bachelor's degree in a quantitative field, and 10 or more years of relevant experience
OR
- MA/MS in a quantitative field, and six or more years of related experience
OR
- PhD in a quantitative field, and five or more years of related experience

Preferred Skills/Experience
- Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, Python, or similar package
- Advanced data compilation, programming skills and qualitative analysis skills
- Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
- Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
- In depth knowledge of Bank products and services
- Demonstrated independence, teamwork and leadership skills
- Strong analytical, organizational, problem-solving, negotiation, and project management skills
- Excellent interpersonal, verbal and written communication skills

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for visa sponsorship.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $126,820.00 - $149,200.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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