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Model Risk Manager Jobs in Texas (NOW HIRING)

Lincoln Property Company

Risk Manager

Dallas, TX

The Risk Manager supports executive leadership by developing and implementing insurance solutions ... Successful solutions are based on a deep understanding of the business model of the organization ...

Lincoln Property Company

Risk Manager

Dallas, TX · On-site

The Risk Manager supports executive leadership by developing and implementing insurance solutions ... Successful solutions are based on a deep understanding of the business model of the organization ...

Finastra

Enterprise Risk Manager

Austin, TX · Hybrid

Familiarity with AI/ML platforms, predictive modeling, and data visualization tools. * Strong ... Bachelor's degree in Risk Management, Data Science, Finance, or related field; advanced degree ...

Deloitte

Financial Risk Manager

Dallas, TX

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

Deloitte

Financial Risk Manager

Houston, TX

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

DTCC

Market Risk Manager

Coppell, TX · Hybrid

DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays ... Market Risk Manager is responsible for the monitoring of daily margin calculation and managing ...

DCS Corporation

Devise systems and processes to monitor validity of risk modeling outputs. Evaluate the risks and ... Maintain input or data quality of risk management systems. Develop contingency plans to deal with ...

Talen Energy

Market Risk Manager

Houston, TX · On-site

Maintain and update modeling inputs (e.g., PTC inputs) and related documentation. * Prepare and ... risk management, portfolio analytics, trading support, FP&A, or a related role with strong ...

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Model Risk Manager information

See Texas salary details

$48K

$103.9K

$158.4K

How much do model risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk manager in Texas is $103,932.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,800.00 and $120,200.00 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 are popular job titles related to Model Risk Manager jobs in Texas? For Model Risk Manager jobs in Texas, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Texas look for? The top searched job categories for Model Risk Manager jobs in Texas are:
What cities in Texas are hiring for Model Risk Manager jobs? Cities in Texas with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Texas as of May 2026, with employment types broken down into 1% As Needed, 95% Full Time, 3% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $103,932 per year, or $50 per hour.

College Intern - Model Risk Management

Frost Bank

San Antonio, TX

Part-time

Posted 14 days ago

Job description

Job Description

It's about finding a job that feels like home.

Are you a natural go-getter who loves a challenge? Do you have a thirst for knowledge inside and outside the classroom? Are you ready to put theory into practical application? Does exploring numerous career possibilities excite you? If so, our internship program might be a great fit!

At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost, we're committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you'll become part of Frost's over 150-year legacy of providing unparalleled financial services.

Who you are:

As our College Intern - Model Risk Management, you'll be exposed to various executives and lines of business throughout the organization. By building relationships and tackling numerous projects you will gain various skills and connections to add to your resume. Here, you'll have the freedom and flexibility to experience life in the corporate world while continuing your education.

What you'll do:

  • Analyze varying financial, statistical, and behavioral models to assist model validations and annual reviews

  • Monitor the risk of models to determine if it is in line with Frost's risk strategy

  • Participate model governance activities, such as reviewing controls, risk assessments and documentations, to ensure the bank's compliance with all regulations, especially SR 11-7

  • Gain experience with a corporation that provides a full range of services in banking, brokerage and investments to acquire a deeper understanding of the financial industry

  • Perform meaningful work to get valuable experience and further Frost as an organization

  • Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you'll need:

  • Currently pursuing an Undergraduate or Masters degree in a quantitative field

  • Ability to work in a part-time capacity year-round

  • Minimum GPA of 3.0 confirmed by transcript

  • Strong organizational skills

  • Time management skills

  • Strong written and verbal communication skills

Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it's about being part of something bigger. If this sounds like you, we encourage you to apply and see what's possible at Frost.

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