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Model Risk Manager Jobs in Rhode Island (NOW HIRING)

Job Summary The Technology Risk Assessor is responsible for managing and assessing a portfolio of ... Experience building and improving vendor management processes and governance models

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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 May 30, 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 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 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 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 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 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:

Digital Assets Risk Manager - Crypto & Blockchain

Fidelity Investments

East Providence, RI

$80K - $153K/yr

Other

Medical, Retirement, PTO

Posted 29 days ago


Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 264 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services


Job description

Job Description:

Manager, Asset Management Risk (Crypto)

Note: Fidelity is not providing immigration sponsorship for this position.

The Role

The Manager, Asset Management Risk (Crypto) is responsible for delivering operational risk oversight for Fidelity Digital Asset Management and its related businesses. In this role, you will work across business, technology, product, legal, compliance, and operations to assess operational readiness for launching innovative crypto and blockchain products. You will evaluate, communicate, and manage operational risks associated with digital-asset initiatives and emerging regulatory developments, while developing tools and analytics to monitor operational risks across Fidelity’s digital‑assets ecosystem.

The ideal candidate brings experience shaping end‑to‑end product operating models, identifying control gaps early, and partnering closely with product teams to embed strong risk and control practices throughout the product lifecycle. They possess deep technical and business expertise across blockchains, token standards, cryptocurrency products and services, and the broader DeFi ecosystem, paired with exceptional communication, presentation, and writing skills. We are seeking a strategic problem solver with a consulting mindset, creativity, analytical rigor, outstanding organizational skills, and meticulous attention to detail. The candidate should also demonstrate an entrepreneurial mindset—proactively seeking answers, driving resolution in ambiguous environments, and navigating novel blockchain‑related risk concepts with confidence. They must be comfortable operating amid uncertainty, independently exploring solutions, and shaping frameworks where established guidance may not yet exist.

  • Support the development and launch of innovative new products involving crypto and blockchain technology in a risk-managed way

  • Perform proactive and targeted data analysis and risk assessments to identify risks for management.

  • Protect Fidelity by demonstrating and furthering standards related to process/risk/control frameworks and risk assessments as they relate to crypto products.

The Expertise and Skills You Bring

  • 5+ years of relevant work experience, ideally building crypto/blockchain products and services

  • Deep understanding of blockchain features and capabilities, including but not limited to:
    - Blockchain transactions and the ability to conduct blockchain analysis, with experience in trade execution, settlement, and reconciliation processes for crypto assets
    - Blockchain Architecture (L1s, L2s, cross-bridges, and oracles)
    - Crypto market structure (trade execution venues, derivatives market, regulatory frameworks, and liquidity providers)
    - Tokenization (on-chain asset creation, token standards, use cases, operational considerations)
    - Smart Contracts (vulnerabilities, permission structure, interpreting audit reports)
    - Staking (e.g., delegation models)
    - Crypto custody (hot/cold wallets, private key management, and working knowledge of multi-signature vs multi-party computation arrangements)

  • Strong interpersonal skills, with a demonstrated ability to partner and influence across the organization and collaborate in an interdisciplinary fashion

  • Dexterity in cultivating close working relationships with business, technology, operations, legal, and compliance teams

  • Comfort navigating ambiguity and working in a high-growth, fast-paced environment

  • Demonstrated ability to operate autonomously to achieve results in a dynamic organization where priorities shift to meet evolving business needs

  • Executive level presentation skills

  • Natural intellectual curiosity, initiative, and love for learning new skills and capabilities, with a desire to stay abreast of the latest innovations across the industry

  • Financial services experience, in combination with the skills mentioned above, is preferred

  • Project management experience a plus

  • Experience with data analysis techniques and visualization tools (e.g., Tableau), a plus

  • Experience with common data science tools & programming languages, a plus

  • CFA and/or FRM certifications a plus

  • Bachelor’s degree required

The Team

Asset Management Risk, part of Fidelity’s Risk organization and aligned with Asset Management’s Compliance Risk and Business Operations Group (CRBO), provides guidance to management and business units by proactively identifying and monitoring risks to protect the interests of the firm, its clients, and associates. To execute this goal, Asset Management Risk is responsible for identifying, analyzing, aggregating, and reporting on significant and emerging risks to assist management in strengthening their controls and processes.

The base salary range for this position is $80,000-$153,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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