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Model Risk Manager Jobs in Washington (NOW HIRING)

Risk Manager, Senior Category: Leadership and Management Roles Main location: United States ... This position is located in USA VA Arlington, however, a hybrid working model is acceptable. Your ...

... models Experience working with cross-functional stakeholders such as Human Resources, Legal ... Work you'll do As an Insider Risk Manager on the Cyber team, you will be responsible for:

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Model Risk Manager information

See Washington salary details

$58.3K

$126.3K

$192.5K

How much do model risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for model risk manager in Washington is $126,348.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,900.00 and $146,100.00 per year, depending on experience, location, and employer.

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 skills and qualifications are needed to be a model risk manager?

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 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 popular job titles related to Model Risk Manager jobs in Washington?

For Model Risk Manager jobs in Washington, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Washington look for?

The top searched job categories for Model Risk Manager jobs in Washington are:

What cities in Washington are hiring for Model Risk Manager jobs?

Cities in Washington with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in Washington as of August 2026, with employment types broken down into 84% Full Time, 9% Part Time, 2% Temporary, and 5% Contract. Highlights an 77% Physical, 2% Hybrid, and 21% Remote job distribution, with an average salary of $126,348 per year, or $60.7 per hour.

Risk Manager, Senior

CGI Inc.

Arlington, VA • On-site

Full-time

Retirement, PTO

Re-posted 25 days ago


CGI rating

7.1

Company rating: 7.1 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

149th of 224 rated it services


Job description

Risk Manager, Senior
Category: Leadership and Management Roles
Main location: United States, Virginia, Arlington
Position ID:J0925-2133
Employment Type: Full Time
Position Description:
CGI Federal has an exciting opportunity for a Risk Manager within our Intel sector advancing the national security mission through cutting edge technology. You must have a passion for keeping pace with rapidly evolving technology advancements and leveraging your knowledge on a highly collaborative team to deliver state-of-the-art capabilities.
The Risk Manager identifies, assesses, and mitigates potential threats to an organization's assets, operations, finances, and reputation by developing and implementing risk management strategies, policies, and procedures. Key duties include conducting risk assessments, developing mitigation and contingency plans, monitoring and reporting risks to management, ensuring regulatory compliance, and promoting risk awareness throughout the organization. This role requires strong analytical, communication, and problem-solving skills.
CGI Federal is growing its high-performance team whose members share a passion for building high-quality, scalable, advanced IT solutions in a collaborative, fast-paced, outcome-driven mission.
This position is located in USA VA Arlington, however, a hybrid working model is acceptable.
Your future duties and responsibilities:
• Risk Identification & Assessment: Conduct in-depth risk evaluations to identify potential financial, operational, compliance, safety, and security risks facing the organization.
• Strategy Development: Create and implement comprehensive risk management policies, procedures, and strategies to mitigate identified threats.
• Risk Mitigation: Develop and oversee the implementation of contingency plans, business continuity plans, and internal controls to reduce potential negative impacts.
• Compliance: Ensure the organization adheres to all relevant legal, regulatory, and industry standards.
• Reporting & Communication: Prepare detailed reports and presentations on risk assessments, mitigation strategies, and compliance issues for management and stakeholders.
• Monitoring & Evaluation: Continuously monitor and review the effectiveness of risk management strategies and adapt them as needed.
• Training & Awareness: Promote a strong risk-aware culture by training employees and stakeholders on safety procedures and risk management best practices.
Required qualifications to be successful in this role:
• Education and/or Experience: Bachelor's degree and/or 5 to 8 years of experience
• Security Clearance: TS/SCI required with the ability to obtain a TS/SCI with Poly highly desired
• Analytical & Strategic Thinking: Ability to analyze complex data, identify potential risks, and develop foresightful strategies.
• Communication: Clear and concise verbal and written communication skills to effectively present findings and strategies to various levels of the organization.
• Problem-Solving: Strong ability to find solutions for complex and unexpected challenges.
• Industry Knowledge: In-depth understanding of the company's industry, operations, and legal obligations to accurately assess risks.
• PMI-RMP highly desired.
CGI is required by law in some jurisdictions to include a reasonable estimate of the compensation range for this role. The determination of this range includes various factors not limited to skill set, level, experience, relevant training, and licensure and certifications. To support the ability to reward for merit-based performance, CGI typically does not hire individuals at or near the top of the range for their role. Compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for this role in the U.S. is $100,000.00 - $200000.00.
CGI Federal's benefits are offered to eligible professionals on their first day of employment to include:
• Competitive compensation
• Comprehensive insurance options
• Matching contributions through the 401(k) plan and the share purchase plan
• Paid time off for vacation, holidays, and sick time
• Paid parental leave
• Learning opportunities and tuition assistance
• Wellness and Well-being programs
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What you can expect from us:
Together, as owners, let's turn meaningful insights into action.
Life at CGI is rooted in ownership, teamwork, respect and belonging. Here, you'll reach your full potential because...
You are invited to be an owner from day 1 as we work together to bring our Dream to life. That's why we call ourselves CGI Partners rather than employees. We benefit from our collective success and actively shape our company's strategy and direction.
Your work creates value. You'll develop innovative solutions and build relationships with teammates and clients while accessing global capabilities to scale your ideas, embrace new opportunities, and benefit from expansive industry and technology expertise.
You'll shape your career by joining a company built to grow and last. You'll be supported by leaders who care about your health and well-being and provide you with opportunities to deepen your skills and broaden your horizons.
Come join our team-one of the largest IT and business consulting services firms in the world.
Qualified applicants will receive consideration for employment without regard to their race, ethnicity, ancestry, color, sex, religion, creed, age, national origin, citizenship status, disability, pregnancy, medical condition, military and veteran status, marital status, sexual orientation or perceived sexual orientation, gender, gender identity, and gender expression, familial status or responsibilities, reproductive health decisions, political affiliation, genetic information, height, weight, or any other legally protected status or characteristics to the extent required by applicable federal, state, and/or local laws where we do business.
CGI provides reasonable accommodations to qualified individuals with disabilities. If you need an accommodation to apply for a job in the U.S., please email the CGI U.S. Employment Compliance mailbox at US_Employment_Compliance@cgi.com. You will need to reference the Position ID of the position in which you are interested. Your message will be routed to the appropriate recruiter who will assist you. Please note, this email address is only to be used for those individuals who need an accommodation to apply for a job. Emails for any other reason or those that do not include a Position ID will not be returned.
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All CGI offers of employment in the U.S. are contingent upon the ability to successfully complete a background investigation. Background investigation components can vary dependent upon specific assignment and/or level of US government security clearance held. Dependent upon role and/or federal government security clearance requirements, and in accordance with applicable laws, some background investigations may include a credit check. CGI will consider for employment qualified applicants with arrests and conviction records in accordance with all local regulations and ordinances.
CGI will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with CGI's legal duty to furnish information.

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