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Model Risk Manager Jobs in Arnold, MD (NOW HIRING)

SC&H Group

Risk Senior Manager

Columbia, MD · On-site +1

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... Prior practice-building responsibilities (offerings, pricing models, partner alliances)

SC&H Group

Risk Senior Manager

Columbia, MD · On-site

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... Prior practice-building responsibilities (offerings, pricing models, partner alliances)

SC&H Group

Risk Senior Manager

Baltimore, MD · On-site

SC&H's Risk Practice is seeking a Senior Manager to lead and grow our service line with a strong ... Prior practice-building responsibilities (offerings, pricing models, partner alliances)

Crisis24

Senior Business Risk Analyst

Annapolis, MD · On-site

About Crisis24 Crisis24 is a global, AI-enhanced provider of travel risk management, mass ... model exposure, and communicate complex findings to a senior, non-specialist audience. Location:

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Arnold, MD

Model Risk Manager information

See Arnold, MD salary details

$50.2K

$108.8K

$165.8K

How much do model risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk manager in Arnold, MD is $108,810.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,800.00 and $125,800.00 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 job categories do people searching Model Risk Manager jobs in Arnold, MD look for? The top searched job categories for Model Risk Manager jobs in Arnold, MD are:
What cities near Arnold, MD are hiring for Model Risk Manager jobs? Cities near Arnold, MD with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
AVP, Enterprise and Operational Risk Management

AVP, Enterprise and Operational Risk Management

SECU Credit Union

Linthicum, MD

Other

Medical, Dental, Vision, Retirement, PTO

Posted 2 days ago

Job description

The AVP, Enterprise and Operational Risk Management will need to come into our Linthicum, Maryland headquarters 1-2 days per week.
Who we are:
At SECU, we put our employees first, recognizing that their well-being and professional development are vital to our success. By fostering a supportive and empowering work environment, our employees are committed to helping members achieve long-term financial security. They are also inspired to give back to the communities we serve by volunteering and spreading kindness, which reflects our core values and who we are as an organization.
Every employee at SECU contributes to our members financial well-being, and well always do whats right for our members, employees, and communities.
Feel good about what you do. Belong to a place where you matter and can make a difference.
What you will do:
The Assistant Vice President (AVP), Enterprise and Operational Risk Management (EORM) will support the VP, EORM with the daily operation and administration of the SECU enterprise risk management program. This includes responsibilities for key operational risk functions such as Business Continuity, Third-Party Risk Management, and Corporate Insurance. This position, through specialized knowledge and skill, provides support to the organization on all matters relating to EORM policies, procedures, processes, and reporting.
The AVP adheres to regulations and organizational policies, maintaining awareness and knowledge required to perform the duties of the position, including all aspects of the Bank Secrecy Act and related regulations, such as OFAC, and the USA Patriot Act, Fair Lending, and Information Security.
A day in your life might include:
Enterprise Risk Management Program
Identifies key emerging risks, assesses their potential impact on SECU, and discusses risk mitigation with appropriate business units.
Ensures that SECUs various planning processes consider the risks of key products, processes, and strategies.
Develops and maintains organizational EORM playbooks, policies, procedures, process-flows and reference material to ensure all processes are documented, organized, and scaled to current and future state.
Develops comprehensive risk analytics, reporting, and presentations for all EORM program areas, including risk appetite metrics development.
Coordinates and facilitates training to all levels of the organization on the EORM program, ensures program documentation is accurate and up to date.
Supports remediation efforts of audit, exam, compliance, and issues management findings.
Business Continuity Program
Evaluates and recommends various business continuity strategies, plans, and programs.
Identifies key emerging risks, assesses their potential impact on SECU, and discusses risk mitigation with appropriate business units.
Ensures that SECUs various business continuity planning processes consider the risks of key products, processes, and strategies.
Coordinates and facilitates business continuity meetings and tabletop exercises.
Presents tabletop exercise and risk assessment results to senior leadership.
Leads updates to business continuity risk assessments.
Coordinates and facilitates annual training, program reviews and ensures program documentation is accurate and up to date.
Third-Party Risk Management
Develop and maintain a comprehensive Third-Party Risk Management (TPRM) framework.
Ensure third-party compliance with legal, regulatory, and internal policy requirements.
Establish governance models, policies, and procedures for vendor oversight.
Provides support to initial and ongoing vendor due diligence reviews, documents collection/retention and risk rating of vendors.
Implement and monitor controls and testing programs to validate vendor compliance and performance, drive continuous improvement.
Identify and mitigate third-party risks, establish enhanced oversight for critical and high-risk vendors.
Lead Third-Party Risk Management Reporting.
Corporate Insurance
Establish and maintain a framework to manage and evaluate corporate insurance programs.
Oversee end-to-end insurance claims management, serving a central liaison between insurers, brokers and SECU.
Lead all aspects of annual corporate insurance renewal cycles.
Assess emerging risks and coverage needs, monitor and evaluate performance and recommendations to risk transfer strategies.
Additional Responsibilities may include:
Interact and support CUSO partners and credit union partners
Serves on various projects and performs other duties as assigned
Education Requirements
Bachelors degree required.
Advanced Degree in Business Administration, Banking, Finance, and/or Law preferred.
Experience and Business Acumen Requirements
6-9 years experience in governance, risk, or compliance roles in a financial institution or regulatory oversight, bank examiner roles within a regulatory agency.
Experience with risk analytics and reporting platforms preferred, developing and running reports, incorporating them into dashboards and executive-level reporting.
Must have seasoned experience with Microsoft programs including Word, Excel, Powerpoint, and Outlook.
Must be experienced in financial institution risk management practices, preferably in a credit union.
Prioritizes tasks effectively to support team goals and organizational timelines.
Applies critical thinking to troubleshoot issues and escalate concerns when appropriate.
Understands the importance of confidentiality, compliance, and ethical behavior in daily responsibilities.
Takes personal responsibility for decisions, actions, failures and overall deliverable.
Utilizes oral and written communication to enhance relationships across the organization.
Clearly communicates information, thoughts and ideas in a clear, concise and organized manner.
Relates comfortably with people across levels, functions, culture, and geography.
Possesses a clear understanding of strengths, limitations, emotions, beliefs, and motivations of self and others.
Maintains composure and effectiveness when experiencing major changes in work tasks or the work environment.
Adjusts effectively to work within new work structures, processes, requirements, or cultures.
Maintains professionalism in communication, behavior, and representation of SECU.
Demonstrates an understanding of SECUs culture, core values, mission and strategic priorities as it relates to ones work and overall performance.
Physical Requirements
Must be able to remain in a stationary position, often standing or sitting for prolonged periods
Must be able to lift up to 25 pounds
Compensation Information: Offers will be commensurate with experience and education.
Salary: Min. $142,000 Max. $200,000

Other Compensation Includes:
Annual corporate-wide incentive

We provide comprehensive benefits, with a focus on total well-being:
Medical, vision, dental benefits
401k plan with company matching
Generous sick, vacation and personal leave
And more...2026 SECU Benefits Guide

SECU is committed to fostering a diverse, equitable, and inclusive workforce where all individuals are valued and respected. We take pride in providing equal opportunities for all qualified applicants regardless of race, ethnicity, national origin, gender, sexual orientation, gender identity or expression, religion, military or veteran status, or any other characteristics protected by law.

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