1

Model Risk Manager Jobs in Oklahoma (NOW HIRING)

Risk Management; Business/Technical Analysis; Data; Enterprise Data; Finance Pay Transparency ... As a Model Risk Governance Officer, you'll work across the bank to evaluate models, provide ...

Minimum of 5 years of relevant experience in Risk Management, Model Risk, Operational Risk, IT Audit, or other similar risk consulting / internal control functions (e.g. internal audit, compliance ...

Models our Culture of Honesty by providing transparent risk assessments and clear communication ... High Risk Management : Leverages detailed contract analysis and industry experience to identify and ...

next page

Showing results 1-20

Model Risk Manager information

See Oklahoma salary details

$47.6K

$103K

$157K

How much do model risk manager jobs pay per year?

As of Jun 20, 2026, the average yearly pay for model risk manager in Oklahoma is $103,003.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,100.00 and $119,100.00 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 popular job titles related to Model Risk Manager jobs in Oklahoma? For Model Risk Manager jobs in Oklahoma, the most frequently searched job titles are:
What cities in Oklahoma are hiring for Model Risk Manager jobs? Cities in Oklahoma with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Oklahoma 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 $103,003 per year, or $49.5 per hour.
Model Risk Governance Officer

Model Risk Governance Officer

BOK Financial

Tulsa, OK

Other

Posted 7 days ago


Job description

Req ID: 78167 

Location: Tulsa -TUL, Dallas -DAL, Fort Worth -FTWT, Oklahoma City -OKC 

Areas of Interest: Risk Management; Business/Technical Analysis; Data; Enterprise Data; Finance 

Pay Transparency Salary Range: Not Available 

Application Deadline: 07/02/2026

BOK Financial Corporation Group includes BOKF, NA; BOK Financial Securities, Inc. and BOK Financial Private Wealth, Inc. BOKF, NA operates TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial.

Bonus Type
Discretionary
Summary

This role sits within BOK Financial's Enterprise Risk Management team, where the focus is on identifying and assessing model risk across the organization and ensuring models are used effectively to support sound business decisions. As a Model Risk Governance Officer, you'll work across the bank to evaluate models, provide independent challenge, and deliver insights that help leaders operate within the organization's risk tolerance. This is a strong opportunity for someone who enjoys applying technical concepts in a real-world environment, partnering across teams, and influencing outcomes through thoughtful analysis and communication.

Job Description

In this role, you'll lead model validation and governance efforts, providing independent review and effective challenge to models used across the bank. You'll partner closely with model owners, developers, and business leaders to assess model design, performance, and controls-identifying risks, recommending practical enhancements, and supporting issue resolution. You'll also oversee third-party validations, manage aspects of the model inventory and reporting, and contribute to the ongoing maturation of the model risk framework. Success in this role requires strong judgment, the ability to balance ideal vs. practical outcomes, and confidence navigating complex stakeholder conversations.

This is an ideal opportunity for someone who can balance technical rigor with practical application and is comfortable challenging stakeholders while building strong working relationships.

Team Culture

This is a collaborative, team-oriented group within ERM that values accountability, curiosity, and strong partnership across the organization. The team operates with a high level of autonomy-individuals are trusted to own their work, manage their portfolio, and engage directly with stakeholders, including in situations that require thoughtful challenge or redirection. There's an emphasis on continuous improvement, practical problem-solving, and maintaining a balanced, supportive environment while working through complex and sometimes ambiguous situations.

How You'll Spend Your Time
  • Lead model validation and annual review activities, identifying risks and documenting findings
  • Provide effective challenge to model design, performance, and controls, recommending practical enhancements
  • Partner with model owners, developers, and business leaders to support governance and issue resolution
  • Oversee third-party validation engagements, ensuring quality, scope alignment, and timely delivery
  • Maintain model inventory and support reporting, documentation, and regulatory expectations
  • Communicate insights, risks, and recommendations to stakeholders and oversight committees
  • Manage your own portfolio of models while identifying opportunities to strengthen governance and improve processes
Education & Experience Requirements

The required level of knowledge is normally acquired through a Bachelor's degree in Finance, Business, Engineering or Mathematics and 3-4 years related model validation, risk management, audit, or compliance in a financial institution or an equivalent combination of education/experience.

  • Demonstrated capabilities pertaining to policy review, model reviews/monitoring, certification standards, inventory management, and issues management.
  • Extensive experience in report compilation and distribution
  • Advanced Word, Excel and PowerPoint skills
  • Self-motivation, discipline, task focus, and a proven record of delivering high quality results within strict deadlines.
  • Intellectual curiosity; solid problem-solving abilities and attention to detail; and prompt follow-through
  • Strong oral and written communication skills to effectively represent self and BOKF, as well as ability to translate complex findings and issues in a clear and concise manner to model owners
  • General knowledge of financial theory, statistics, numerical analysis, principals of corporate finance and their applicability to financial institutions 
  • General knowledge of model risk management

BOK Financial Corporation Group is a stable and financially strong organization that provides excellent training and development to support building the long term careers of employees. With passion, skill and partnership you can make an impact on the success of the bank, customers and your own career!  
Apply today and take the first step towards your next career opportunity!
The companies in BOK Financial Corporation Group are equal opportunity employers.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, pregnancy status, sexual orientation, genetic information or veteran status.

Please contact recruiting_coordinators@bokf.com with any questions.