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Model Risk Manager Jobs in Ohio (NOW HIRING)

Deloitte

Financial Risk Manager

Cincinnati, OH · 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 ...

KeyBank

Quant Analytics Assoc - Model Risk

Cleveland, OH · On-site

$68K - $103K/yr

... risk models. This role is intended to ensure that models are functioning properly, comply with ... management. Specifically, you will be performing in-depth validations and reviews of new and ...

Keybank

Quant Analytics Assoc - Model Risk

Cleveland, OH · Hybrid

$68K - $103K/yr

... risk models. This role is intended to ensure that models are functioning properly, comply with ... management. Specifically, you will be performing in-depth validations and reviews of new and ...

Medpace, Inc.

Credit and Risk Manager

Cincinnati, OH · On-site

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

Medpace, Inc.

Credit and Risk Manager

Cincinnati, OH

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

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Showing results 1-20

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Ohio

Model Risk Manager information

See Ohio salary details

$49K

$106.1K

$161.6K

How much do model risk manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for model risk manager in Ohio is $106,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,600.00 and $122,600.00 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 popular job titles related to Model Risk Manager jobs in Ohio? For Model Risk Manager jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Ohio look for? The top searched job categories for Model Risk Manager jobs in Ohio are:
What cities in Ohio are hiring for Model Risk Manager jobs? Cities in Ohio with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Ohio as of June 2026, with employment types broken down into 94% Full Time, 5% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $106,056 per year, or $51 per hour.
Senior Manager, Technology Compliance

Senior Manager, Technology Compliance

KeyBank

Brooklyn, OH • On-site

Full-time

Posted 29 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 89 frontline employees who took The Breakroom Quiz

38th of 141 rated banks

Job description

Location:
4910 Tiedeman Road, Brooklyn Ohio
About the Job
The Senior Manager, Technology Compliance is a strategic leader responsible for overseeing KeyBank's compliance with applicable state and federal banking laws, regulations, and supervisory expectations as they relate to technology, digital platforms, and emerging innovations. This role partners closely with Risk, Technology, Legal, Operations, Product, Internal Audit, and Regulatory Relations to ensure KeyBank's technology initiatives-including AI/ML use cases, automation, cloud-enabled services, digital channels, and blockchain/crypto-adjacent capabilities-operate within Key's risk appetite and regulatory framework.
The ideal candidate brings strong regulatory compliance and enterprise risk management expertise, deep understanding of technology governance, and proven experience building and maturing compliance programs in a large, regulated financial institution. This leader will shape the technology compliance strategy, develop a growing team, and provide oversight of emerging technology risks, all while demonstrating a growth mindset, strong emotional intelligence, and a highly collaborative approach.
Essential Job Functions
Regulatory & Compliance Oversight
  • Provide second-line oversight of technology initiatives to ensure compliance with federal and state banking regulations, including but not limited to OCC, Federal Reserve, FDIC, CFPB, FFIEC guidance, GLBA (non-security provisions), UDAAP, E-SIGN, Model Risk Management (SR 11-7), and emerging regulatory expectations for AI and digital innovations.
  • Monitor and interpret regulatory developments affecting technology, digital banking, automation, AI/ML, and distributed ledger/crypto-adjacent activities; translate regulatory expectations into actionable guidance for Technology and Product partners.
  • Support preparation for, and response to, regulatory exams, supervisory engagements, and internal audits related to technology governance and compliance.

Technology Compliance Program & Governance
  • Lead the strategy and ongoing maturity of KeyBank's technology compliance program, ensuring alignment with enterprise risk management (ERM) frameworks, risk appetite, and operational risk standards.
  • Establish governance routines (e.g., review committees, advisory boards) to evaluate and oversee compliance considerations for emerging technology initiatives.
  • Review and challenge first-line risk assessments, technology change proposals, model documentation, AI/ML implementations, automation solutions, and digital product enhancements.
  • Partner with Legal and Technology to ensure compliance requirements are incorporated into technology planning, vendor evaluations, contract language, and business decisions.

Emerging Technology Risk Oversight
  • Provide expertise and oversight of risks associated with:
    • AI/ML and algorithmic decisioning (fair lending, model transparency, explainability, governance).
    • Digital assets, crypto, and blockchain-adjacent use cases, including regulatory expectations from OCC, SEC, FinCEN, and state regulatory bodies.
    • Automation, digital channel operations, cloud-native technology workflows, and end-user computing.
  • Work with Model Risk Management (MRM) on compliance considerations for AI/ML models, including alignment with SR 11-7 and responsible AI principles.

Team Leadership & Collaboration
  • Build, mentor, and develop a high-performing technology compliance team; establish scalable processes, documentation standards, and reporting mechanisms.
  • Foster strong working relationships across Technology, Risk, Legal, Product, Internal Audit, and Regulatory Relations to ensure transparency and timely issue resolution.
  • Exert influence without authority; facilitate compliance awareness and provide practical, risk-based guidance to stakeholders at all levels.
  • Promote a culture that values innovation while maintaining disciplined risk management.

Risk Identification, Monitoring & Reporting
  • Identify, evaluate, and escalate technology-related compliance risks in accordance with enterprise policies.
  • Monitor metrics, KRIs, and emerging themes related to technology compliance, reporting regular updates to senior leadership and applicable risk committees.
  • Provide challenge to issue remediation plans and ensure timely, sustainable corrective actions.

Required Qualifications
  • Bachelor's degree or equivalent experience in business, risk management, law, technology, or related fields.
  • Minimum 8 years of experience in compliance, operational risk, technology risk, or related functions within a
  • Strong working knowledge of federal and state regulated financial institution. banking regulations, including OCC, FRB, FDIC, CFPB, FFIEC guidance, UDAAP, and regulatory expectations for technology and model risk.
  • Proven expertise overseeing technology governance, digital banking compliance, AI/ML or emerging technology risk, or similar areas.
  • Demonstrated experience providing credible challenge, writing regulatory-quality documentation, and interacting with examiners or internal audit teams.
  • People leadership experience, with ability to build and develop high-performing teams.
  • Strong emotional intelligence, collaborative approach, and ability to influence cross-functional teams.
  • Self-starter with a growth mindset, proactive problem-solving skills, and comfort working in fast-moving environments.

Preferred Qualifications
  • Advanced degree (JD, MBA, MS Risk, or similar).
  • Experience in financial services compliance involving AI/ML governance, digital assets, or innovative financial technologies.
  • Understanding of risk management disciplines including operational risk, issue management, RCSA processes, vendor/third-party risk (non-security focus), and business continuity.
  • Experience working with or overseeing technology-driven initiatives (e.g., automation, cloud workflows, digital platform enhancements).
  • Professional certifications such as CRCM, CAMS, CRISC, or similar compliance/risk credentials.
  • Ability to translate complex regulatory requirements into practical, actionable guidance for non-compliance partners.

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $116,000.00 - $216,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 06/20/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

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Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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