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Model Risk Manager Jobs in Rhode Island (NOW HIRING)

Citizens

Asset & Liability Sr. Analyst

Johnston, RI · Hybrid

$109K - $141K/yr

Conduct complex ad hoc analyses to support executive decision-making related to balance sheet modeling, scenario analysis, forecasting, and interest rate risk management. Qualifications, Education ...

Citizens

Asset & Liability Sr. Analyst

Johnston, RI · Hybrid

$109K - $141K/yr

Conduct complex ad hoc analyses to support executive decision-making related to balance sheet modeling, scenario analysis, forecasting, and interest rate risk management. Qualifications, Education ...

Citizens

Staff Auditor

Johnston, RI · On-site

$73K - $97K/yr

This role offers broad exposure to how a large financial institution manages risk, evaluates ... You will also conduct audit work over second line functions such as Market Risk and Model Risk. If ...

Citizens Bank

Staff Auditor

Johnston, RI · On-site

$73K - $97K/yr

This role offers broad exposure to how a large financial institution manages risk, evaluates ... You will also conduct audit work over second line functions such as Market Risk and Model Risk. If ...

Citizens

Staff Auditor

Johnston, RI

$73K - $97K/yr

This role offers broad exposure to how a large financial institution manages risk, evaluates ... You will also conduct audit work over second line functions such as Market Risk and Model Risk. If ...

Citizens

Staff Auditor

Johnston, RI

$73K - $97K/yr

This role offers broad exposure to how a large financial institution manages risk, evaluates ... You will also conduct audit work over second line functions such as Market Risk and Model Risk. If ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Rhode Island

Model Risk Manager information

See Rhode Island salary details

$50.4K

$109.2K

$166.5K

How much do model risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for model risk manager in Rhode Island is $109,248.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,100.00 and $126,300.00 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 Rhode Island? For Model Risk Manager jobs in Rhode Island, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Rhode Island look for? The top searched job categories for Model Risk Manager jobs in Rhode Island are:
What cities in Rhode Island are hiring for Model Risk Manager jobs? Cities in Rhode Island with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Brightstar Lottery - Head of Enterprise Risk Management (19218)

Brightstar Lottery - Head of Enterprise Risk Management (19218)

The City of Providence

Providence, RI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 20 days ago

Job description

Brightstar is an innovative, forward-thinking global leader in lottery that builds on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, fulfill player needs and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.
Overview
We are seeking a Head of Enterprise Risk Management to lead the continued evolution of our enterprise risk management capability across a global, regulated, technology-enabled business. This role is responsible not only for maintaining and enhancing the ERM framework, but also for improving risk maturity across the enterprise by helping leaders translate high level risks into clear ownership, practical mitigating actions, and strong decision making.
This is a highly visible role for a senior individual contributor who combines executive presence with operational pragmatism. The successful candidate will be equally comfortable advising senior leadership and the Board, facilitating risk discussions with leaders who may be less risk-articulate, and personally driving core ERM activities such as assessments, reporting, governance and follow-though on mitigation planning.
The role will initially operate as an individual contributor and will be expected to help shape the future ERM operating model, including recommendations for processes, systems, governance and potential resourcing as the program matures.
This role reports to the VP of Corporate Strategy and is based on Providence, RI, with a hybrid working environment.
Responsibilities
Key Responsibilities:
  • ERM Strategy & Framework
    • Lead the continued evolution of the global ERM framework ensuring alignment with company strategy, business priorities and regulatory expectations.
    • Partner with executive leadership to clarify risk appetite, tolerance, governance expectations and escalation protocols.
    • Assess the maturity of the ERM program and implement practical improvements to governance, reporting, risk ownership and supporting processes
    • Recommend how the ERM capability should scale over time including opportunities to implement new technologies that create efficiencies in the program
  • Risk Identification & Assessment
    • Lead enterprise-wide, cross functional risk assessments, covering strategic, operational, financial, compliance, cybersecurity, and reputational risks.
    • Facilitate risk workshops with leaders and teams to move from top-down risk themes to specific risk drivers, scenarios, ownership, controls and mitigating actions.
    • Support business leaders to articulate risk in practical business terms and develop credible mitigation plans, accountabilities and follow-up actions
    • Challenges where needed, but also coach and guide leaders so risk management becomes embedded in day-to-day decision making.
  • Risk Monitoring & Reporting
    • Develop and maintain risk reporting dashboards, heat-maps, key risk indicators (KRIs) and mitigation tracking to support executive and board level discussions.
    • Prepare concise decision-oriented risk insights and mitigation strategies to the Board of Directors, Audit Committee, and senior leadership.
  • Cross-Functional Collaboration
    • Serve as a trusted advisor to Legal, Finance, IT, Security, Product, HR, and other teams to embed risk management into decision-making processes.
    • Bring gravitas and communication skills to engage constructively with senior stakeholders, including those without a formal risk background
    • Mentor and coach leaders, risk owners and contributors to improve the ability to identify, assess, manage and report risks within the business
    • Support internal audit and compliance functions with risk-based planning and execution.
  • Technology , Innovation, and Resilience
    • Facilitate discussions with senior leaders to evaluate risks associated with emerging technologies, AI/ML, cloud infrastructure, data privacy, and global product launches.
    • Support business continuity, crisis management, and resilience planning as part of the broader enterprise risk capability
    • Stay ahead of regulatory developments and industry trends impacting the tech sector.
    • Oversee other special projects and strategic initiatives that ERM becomes involved with
Qualifications
  • Bachelor's degree in risk management, Business, Finance, or related field; Master's or MBA preferred.
  • Typically requires a minimum of 15 years of related experience with a Bachelor's degree; or 12 years and a Master's degree; or a PhD with 8 years experience; or equivalent experience.
  • Experience in enterprise risk management, preferably in a global technology or innovation-driven company.
  • Strong understanding of regulatory environments (e.g., GDPR, SOX, ISO 31000, NIST).
  • Proven ability to influence and collaborate with senior executives and cross-functional teams.
  • Excellent analytical, communication, and leadership skills.
  • Proven ability to synthesize key messages and takeaways into concise and well-crafted presentations directed to a senior audience
  • Certifications such as CRM, FRM, or CERA are a plus.

Key Skills:
  • Experience with risk management software and data analytics tools
  • Global mindset and experience working across multiple geographies and cultures.
  • Ability to thrive in ambiguity and drive change in complex environments.
  • Ability to work autonomously and drive own work deliverables
  • Ability to operate as both a strategist and hands-on practitioner: comfortable building frameworks, facilitating workshops, drafting board materials, and following through in detail personally
  • Skilled at translating abstract risks into specific actionable business responses
  • Strong communication skills, including the ability to produce concise, senior-ready materials and work effectively with leaders across functions and geographies
  • Experience helping organizations improve risk maturity, governance and accountability over time: prior consulting experience preferred.
Success Profile
• Leading Complexity
• Leading People
• Leading the Business
• Leading Self
#LI-KM1 #LI-HYBRID
At Brightstar, we consider a wide range of factors in determining compensation, including background, skills, experience, and work location. These factors can cause your compensation to vary. The estimated starting compensation range is $117,880 - $240,000. The actual pay offered may end up being higher or lower. The Company will comply with all local pay requirements and collective bargaining agreements, where applicable.
Base pay is only one part of our Total Rewards program. Sales roles may be eligible for commission payments, while other roles are eligible for discretionary bonuses. In addition, we offer employees a 401(k) Savings Plan with Company contributions, health, dental, and vision insurance, life, accident, and disability insurance, tuition reimbursement, paid time off, wellness programs, and identity theft insurance. Note: programs are subject to eligibility requirements.
All Brightstar employees have a role in information security. Annual training will be assigned and required as appropriate

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