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Model Risk Manager Jobs in Brookline, MA (NOW HIRING)

Wsgr

Senior AI Risk Advisor

Boston, MA · On-site +1

The Senior AI Risk Advisor, under the direction of the Manager of Risk Operations, sits at the ... Lead AI risk assessments across the full model lifecycle - evaluating third-party AI vendors ...

Pwc

R&I Cybersecurity & AI Risk Senior Manager

Boston, MA · On-site

$91K - $321.50K/yr

Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit ... As a Senior Manager you will support the firm's AI Governance Program development and manage risk ...

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Model Risk Manager information

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$55.7K

$120.7K

$183.9K

How much do model risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for model risk manager in Brookline, MA is $120,694.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,400.00 and $139,600.00 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 Brookline, MA look for? The top searched job categories for Model Risk Manager jobs in Brookline, MA are:
What cities near Brookline, MA are hiring for Model Risk Manager jobs? Cities near Brookline, MA with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Senior Risk Management Specialist

Senior Risk Management Specialist

Boston Medical Center

Boston, MA • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 19 days ago

Boston Medical Center rating

7.0

Company rating: 7.0 out of 10

Based on 105 frontline employees who took The Breakroom Quiz

476th of 990 rated hospitals

Job description

POSITION SUMMARY:
The Senior Risk Management Specialist provides leadership in risk management by promoting the highest level of quality care to the patients, ensuring regulatory compliance and mitigating malpractice risk through loss prevention.
The Senior Risk Management Specialist is responsible for participating in the development, implementation, and coordination of a highly visible, proactive institution-wide program to maximize the safety of services delivered to BMC patients. As a leader in Quality and Patient Safety, this individual serves as a departmental and organization-wide role model displaying behaviors that support a strong culture of safety.
This hybrid position requires onsite presence 3 days a week and on-call coverage each month.
Position: Senior Risk Management Specialist
Department: Risk Management
Schedule: Full Time
ESSENTIAL RESPONSIBILITIES / DUTIES:
  • Collaborates with QPS leadership, the Chief Quality Officer, Director of Risk Management and the Director of Patient Safety to support the Quality and Patient Safety Program by being a resource for areas such as error detection and prevention, and facilitating Root Cause Analysis (RCA) projects.
  • Collaborates in ongoing regulatory readiness activities and functions as a member of the onsite survey management team during regulatory surveys by the Department of Public Health (DPH) and the Centers for Medicare and Medicaid Services (CMS).
  • Demonstrates expertise in investigating and analyzing actual and potential patient/visitor safety events (near-misses) for improvement opportunities and for the potential for legal action.
  • Activities include, but are not limited to: chart review, staff/provider interviews, policy review, best practice research, and observation activities.
  • Coordinates risk and safety management training for providers, management, and staff to enhance awareness of their role in patient safety, risk reduction, and safety event reporting.
  • Participates in the "on call" system to provide immediate consultation, recommendations and mitigation to hospital staff in responding to adverse events.
  • Utilizes an electronic database for tracking patient safety events.
  • Participates in activities to use this database to identify trends and opportunities to improve patient safety.
  • Facilitates case management of the incident reporting system.
  • Actively collaborates with Quality and Patient Safety staff to identify and mitigate local and organizational trends that impact patient safety and to support implementation of safer processes and systems of care.
  • Actively collaborates with Claims Department to assist BMC efforts to minimize legal/financial liability.
  • Interacts with wide variety of personnel throughout BMC including administration, clinicians, staff, senior management and Department Chairpersons.
  • Actively participates in clinical case review and case learning committees.
  • Facilitates committee operations as assigned.
  • Demonstrates expertise in drafting reports for regulatory agencies.
  • Mentors Risk Management Specialists in all aspects of work responsibilities.
  • Help to ensures compliance with various codes, laws, rules and regulations concerning patient care, including those mandated by state, federal agencies and compliance with the Joint Commission risk management standards.
  • Demonstrates current knowledge of legislative and regulatory activities related to patient safety and health care risk management.
  • Assists in the development, maintenance and revision of policies and procedures to improve patient safety and minimize loss exposure.
  • Ensures policies and procedures meet all regulatory and accreditation requirements.
  • Develops and presents educational sessions on patient safety and professional liability risk reduction to physicians and management.
  • Assists clinical chairs and department chiefs to design patient safety and risk management programs specific to their individual areas.
  • Periodically reports on risk management matters and prepare reports for various quality committees and boards.
  • Responsible for ensuring that all information necessary to prepare for the defense of claims is collected and properly maintained in a timely manner, including the preparation of reports of investigation.
  • Helps to meet the needs of the Director of Claims in his/her efforts to manage claims and potential claims.
  • Provides consultation to Patient/Family Relations (PFR) to mitigate risk associated with patient/family complaints.
  • Supports Manager, Risk Management in all regulatory activities associated with operations of the Patient Care Assessment Plan and Serious Reportable Events for DPH and Board of Registration in Medicine (BORM).
  • Other duties as assigned by Manager, Risk Management or Executive leadership, Quality and Patient Safety.

JOB REQUIREMENTS
EDUCATION:
  • Bachelor's Degree required.
  • Advanced degree (i.e.,JD, master's) preferred.
  • Concentration in nursing, science or other healthcare related field required

CERTIFICATES, LICENSES, REGISTRATIONS:
  • CPHRM preferred at hire; required within 2 years, CPPS and/or CPHQ preferred.
  • RN Preferred

EXPERIENCE:
  • With CPHRM or RN certification - Requires 7 years of clinical care/healthcare experience.
  • Minimum of 3 years in risk management/patient safety/quality improvement.
  • Without certification - Requires 10 years of clinical care/healthcare experience, and in risk management/patient safety.
  • Minimum of 7 years' relevant work experience in risk management required in lieu of degree/license.

KNOWLEDGE, SKILLS & ABILITIES (KSA):
  • Risk management or related experience in a healthcare setting required; knowledge of medical malpractice, healthcare law, healthcare terminology.
  • Must have interpersonal skills necessary to deal effectively with a administrative and clinical leadership, staff, clinical chairpersons, and other healthcare professionals
  • Ability to effectively interview individuals and groups from diverse professional backgrounds
  • Ability to maintain confidentiality and handle matters of sensitive nature
  • Ability to collect event information and organize into a coherent narrative
  • Highly self-motivated. Ability to manage multiple projects simultaneously and adhere to work deadlines
  • Ability to inspire trust and be seen as someone who provides support and assistance
  • Excellent verbal and written communication skills
  • Excellent presentation skill including ability to speak before large audiences and prepare and provide presentations
  • Excellent computer skills including Microsoft Office; ability to learn new computer applications such as adverse event reporting software (RL Solutions).
  • Occasionally needed to work irregular hours or additional hours for on-call purposes
  • Demonstrates flexibility and adaptability as role may evolve in a changing environment

Compensation Range:
$97,500.00- $141,500.00
This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensures as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market-competitiveness. In addition, BMCHS offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), discretionary annual bonuses and merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family well-being.
NOTE: This range is based on Boston-area data, and is subject to modification based on geographic location.
Equal Opportunity Employer/Disabled/Veterans
According to the FTC, there has been a rise in employment offer scams. Our current job openings are listed on our website and applications are received only through our website. We do not ask or require downloads of any applications, or "apps" job offers are not extended over text messages or social media platforms. We do not ask individuals to purchase equipment for or prior to employment.

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About Boston Medical Center

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Boston Medical Center (BMC) is more than a hospital. It's a network of support and care that touches the lives of hundreds of thousands of people in need each year. It is the largest and busiest provider of trauma and emergency services in New England. Emphasizing community-based care, BMC is committed to providing consistently excellent and accessible health services to all-and is the largest safety-net hospital in New England. The hospital is also the primary teaching affiliate of the nationally ranked Boston University School of Medicine (BUSM) and a founding partner of Boston HealthNet - an integrated health care delivery systems that includes many community health centers. Join BMC today and help us achieve our Vision 2030 which is a long-term goal to make Boston the healthiest urban population in the world.

Industry

Hospitals

Company size

1,001 - 5,000 Employees

Headquarters location

Boston, MA, US

Year founded

1996

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