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

Morgan Stanley

VP, AI Compliance Officer

Baltimore, MD

$108K - $185K/yr

... model risk management stakeholders. > Strong analytical, organizational, and attention-to-detail skills, with the ability to manage multiple priorities in a fast-paced environment. > Demonstrate ...

T Rowe Price

Enterprise AI Architect

Baltimore, MD · On-site

$68.50 - $88.50/hr

A Governance & Risk: * Design and operationalize the AI governance framework, covering model risk management, explainability standards, bias monitoring, data lineage, and regulatory compliance ...

T12 TECHNOLOGIES LLC

AI Solutions Architect

Baltimore, MD · On-site

$140K - $165K/yr

Familiarity with AI governance, model risk management, and compliance frameworks. Prior consulting or client-facing delivery experience. Working Conditions Remote position with approximately one on ...

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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

Analyst, Power Market Risk

Constellation Energy Generation, LLC.

Baltimore, MD • On-site

$79K - $88K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Who We Are
As the largest private-sector power producer in the world and the nation's largest producer of clean and reliable energy, Constellation is focused on our purpose: lighting the way to a brilliant tomorrow for all. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Now integrated with Calpine, our portfolio includes 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities, with the generating capacity to power the equivalent of 27 million homes.
Our culture and employee experience make it clear: We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things. Join us in meeting the country's energy needs today and tomorrow.
Total Rewards
Constellation offers an extensive selection of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and a wide-range of benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, eligible employees are offered a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including robust wellbeing programs; disability and life insurance benefits; paid time off for vacation, holidays, and sick days; and much more.
Expected salary range of $79,200 to $88,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k).
Primary Purpose of Position
The successful candidate will be an integral part of the risk management function of Constellation. The company's wholesale power marketing and trading organization is responsible for optimizing the profitability of a growing portfolio of assets and load obligations as well as the implementation of risk management objectives. The Market Risk function is responsible for the oversight of market risk dynamics and their impacts on Constellation's total portfolio. As a key contributor to the regional Power Portfolio, this role supports the desk manager in monitoring market risks by identifying key risk drivers, analyzing exposures, and assessing PNL impacts from price movements, position changes, and market dynamics. It involves helping to develop and enforce risk limits, tracking portfolio sensitivities and option Greeks, and collaborating on strategies to mitigate downside risk while enhancing profitability. Acting as the primary liaison between the Market Risk Group and the trading desk, the individual becomes a subject matter expert on the portfolio, ensuring objective daily risk oversight. Responsibilities also include flagging and communicating risk concentrations, limit breaches, and significant exposures to both Commercial and Risk teams, while building deep expertise in the energy industry• covering regional market rules, physical operations, generation assets, customer agreements, and structured transactions.
Primary Duties and Accountabilities
  • Provide daily update of risks and positions for specified region(s) • including significant changes.
  • Use quantitative methods to develop new frameworks and perform ad-hoc analyses for risk limits and guidelines as required by business activity, market events, or changes in risk appetite
  • Raise potential issues to Market Risk Management
  • Enforces compliance with trading limits as well as market risk policies and procedures.
  • Calculates, streamlines, and automates risk metric processes to improve efficiency and maintain high quality standards.
  • Establishes and strengthens active dialogue with portfolio managers to understand and quantify emerging market risks and hedge strategies.
  • Prepare analysis for Risk Management Committee meetings and provides special or ad hoc analysis to support various management meetings.

Minimum Qualifications
  • Bachelor's Degree in a related field
  • 2-years of related experience including at least 1-year in energy or financial product risk management
  • Experience with PowerBI
  • Demonstrated proficiency in statistics, financial modeling, and options theory
  • Demonstrated ability to work effectively and independently in a fast-paced and rapidly changing environment
  • Demonstrated ability to challenge the status quo while engaging constructively when challenged
  • Excellent academic background
  • Experience in energy markets
  • Strong organizational, time management, and problem-solving skills
  • Strong organizational skills with high work standards; takes initiative, adapts quickly to change, and exercises excellent judgment to solve problems and implement effective solutions
  • Advanced proficiency with Microsoft Office applications (e.g. Microsoft Excel, PowerPoint, etc.)
  • Excellent interpersonal and communication skills, including verbal and written
  • Ability to effectively collaborate and present to other professionals and/or senior leadership in a concise and confident manner
  • Demonstrated experience working independently and managing assigned responsibilities with minimal supervision
  • Proven ability to work effectively both independently and collaboratively in team environments
  • Has acquired a high level understanding of the group's overall processes, with process improvement in mind. (Challenge the status quo)
  • Ability to work effectively under high stress situations in dynamic, fast paced environments
  • Knowledge of business practices and processes related to role
  • Exhibit strong problem-solving, analytical, and critical thinking skills

Preferred Qualifications
  • Master's degree in Finance, Economics, Business Administration or Engineering
  • Experience with VBA, PowerBI, Python, Matlab, or SQL
  • Proven understanding of price and volumetric risk and their application to hedging load and generation positions
  • Demonstrated understanding of energy related contracts

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