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Model Risk Manager Jobs in Buffalo, NY (NOW HIRING)

Partner with platform engineers to embed controls (audit logs, content filters, explainability) into the Azure AI stack Must-Have Skills * SR 11-7 Model Risk Management -- deep, applied knowledge ...

AI Governance Lead

Buffalo, NY · On-site

$123K - $206K/yr

Establish model risk management practices: validation, documentation, versioning, approval gates * Define requirements for model cards, testing evidence, bias/fairness checks, and performance ...

AI Governance Lead

Buffalo, NY · On-site

$123K - $206K/yr

Establish model risk management practices: validation, documentation, versioning, approval gates * Define requirements for model cards, testing evidence, bias/fairness checks, and performance ...

AI Governance Lead

Buffalo, NY · On-site

$123K - $206K/yr

Model GovernanceEstablish model risk management practices: validation, documentation, versioning, approval gates * Define requirements for model cards, testing evidence, bias/fairness checks, and ...

Showing results 21-40

Model Risk Manager information

See Buffalo, NY salary details

$49.9K

$108.1K

$164.7K

How much do model risk manager jobs pay per year?

As of Sep 14, 2026, the average yearly pay for model risk manager in Buffalo, NY is $108,060.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 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 job categories do people searching Model Risk Manager jobs in Buffalo, NY look for?

The top searched job categories for Model Risk Manager jobs in Buffalo, NY are:

What cities near Buffalo, NY are hiring for Model Risk Manager jobs?

Cities near Buffalo, NY with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in Buffalo, NY as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, 1% Contract, and 1% Nights. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $108,060 per year, or $52 per hour.

Functions - Risk Management, Summer Analyst, Buffalo - USA, 2027

Getzville, NY • On-site

Citigroup, Inc.
Banking and Credit Intermediation • 5 - 10K employees

$60K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Citibank rating

8.4

Company rating: 8.4 out of 10

Based on 179 frontline employees who took The Breakroom Quiz


Job description

Citi is looking for Summer Analysts to join the Risk Management team in our Buffalo office. Your work, as part of the Risk summer program, can have an immediate impact. Citi Risk Management is a strategic business partner and works closely with global management teams across the firm.
You're the brains behind our work.
You are ready to bring your knowledge from the classroom to the boardroom, and Citi wants to help you get there. Whether it is honing your skills or building your network, we know that success cannot come without growth. Our Early Career programs equip you with the knowledge and training you need to play a valuable role on your team and establish a long-term career here at Citi; where we value internal mobility, and career growth is not a question of if, but when.
We provide you with the knowledge and skills you need to succeed.
The Risk Summer Analyst program will provide a fundamental understanding of risk management, risk governance and risk best practices. You will learn about Citi's business operations and the risks it manages. The program assigns interns to teams across the risk organization, such as; Enterprise Risk Management, Market Risk, Model Risk Management, Operational Risk Management, US Personal Banking or Wealth Management.
The program begins with a series of foundational training sessions, designed to promote professional development and effective work habits during our Analysts' time here at Citi. Summer Analysts will undergo an orientation to Citi, including business overviews from seasoned professionals within the various Risk disciplines. The program will offer learning and development opportunities in technical skills as well as building communication and presentation skills. Summer Analysts are paired with a junior and a senior mentor who will guide, support, and advise throughout the program.
Your time here will look something like this...
The Risk Management Summer Analyst Program is a 10-week summer internship that introduces college students to Citi and Risk Management. Through placement on one of our Risk teams, you will have the opportunity to work on challenging and impactful projects, assess risk, develop business acumen, build upon leadership skills, and deepen your knowledge in risk and financial services. Summer Analysts work closely with management teams, receive mentorship from senior leaders and peers, and are given the opportunity to add value to the risk organization and the firm through responsibilities structured to respond to the increasing regulatory, quantitative, and technical demands of the financial world. The Risk Management Summer Analyst Program is a significant feeder pool for the Full-Time Analyst Program. This program is aligned with Citi Risk objectives and structured for completion within a two-month period.
We want to hear from you if...
  • You are currently pursuing a bachelor's degree in a STEM or quantitative related major (graduating in December 2027 through June 2028)
  • You currently maintain a GPA of 3.3 or above
  • You have an interest in Risk Management
  • You are creative in solving problems and are intellectually curious
  • You have a strategic and analytical mindset; possess strong data analytical skills
  • You are proficient in MS Office applications
  • You will not require sponsorship for U.S. work authorization now or anytime in the future

Who we think will be a great fit...
  • You enjoy statistical analysis for projects and data/modeling validation.
  • You solve problems through statistical and non-statistical data exploration and can identify data quality issues
  • You are willing to reinforce the firm's Risk Management goals and objectives, ensure Citi's safety and soundness, enhance capabilities in focus segment, and continue to make Citi a great place to work
  • You take initiative, ask questions, eager to learn, have a growth mindset, and want to build leadership skills

Salary=$60,000
Job Family Group:
Management Development Programs
Job Family:
Intern
Time Type:
Full time
Primary Location:
Getzville New York United States
Primary Location Full Time Salary Range:
$60,000.00 - $110,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
Oct 16, 2026
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents - AI Notice and Right
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

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About Citigroup Inc

Sourced by ZipRecruiter

We live in an increasingly complex world. Companies these days are either born global or are going global at record speed. Business and geopolitics are forging an entirely new dynamic and consumers now expect financial services to be a seamless part of their digital lives. Citi is a bank that’s uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We have set expectations for how we must act to bring our mission to life. These expectations are at the heart of our Leadership Principles – we take ownership, we deliver with pride and we succeed together.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

New York City, NY, US