ZipRecruiter

Log In

1

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

Citigroup, Inc.

Credit Risk Officer

Getzville, NY · On-site

Managing and maintaining portfolio and conducting credit assessment for counterparties; Knowledge of risk and return models, and independent assessment for evaluating acquisition financing, and ...

Akoya External

Head of Risk & Security

Boston, NY · On-site +1

Secure SDLC * Threat modeling * Vulnerability management * Incident response * Demonstrated ... Regulated financial institutions (bank-side risk expectations) * Fintechs or API-based SaaS ...

Akoya

Head of Risk & Security

Boston, NY · On-site +1

Secure SDLC * Threat modeling * Vulnerability management * Incident response * Demonstrated ... Regulated financial institutions (bank-side risk expectations) * Fintechs or API-based SaaS ...

next page

Showing results 1-20

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Buffalo, NY

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 Jul 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 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 are popular job titles related to Model Risk Manager jobs in Buffalo, NY? For Model Risk Manager jobs in Buffalo, NY, the most frequently searched job titles are:
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:
Model Risk Manager jobs near you
Senior Quantitative Risk Manager - BSA/AML

Senior Quantitative Risk Manager - BSA/AML

M&T Bank

Buffalo, NY

$148K - $247K/yr

Full-time

Posted 25 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 183 frontline employees who took The Breakroom Quiz

76th of 149 rated banks

Job description

Overview:

This position requiresexpertisein statistical and machine learning model development within a regulated environment. The role manages the full model development lifecycle-including requirements gathering, development, testing/validation, implementation, and ongoing monitoring-and partners closely with business and compliance stakeholders to deliver analytically sound, well-documented solutions. Development work is performed using both Python and SAS.

Primary Responsibilities:

  • Design, develop, test/validate, implement, andmonitorstatistical and machine learning models across the full model development lifecycle.

  • Partner with internal business stakeholders to define modeling requirements and translate them into scalable analytical solutions.

  • Analyze large, complex datasets (e.g., transaction data, customer/entity attributes, behavioral and demographic data) and present insights to senior management.

  • Produce clear, defensible model documentation and support governance, validation, and regulatory activities (MRM, audit, regulatory review).

  • Develop andmaintainproduction-quality analytics using Python and SAS.

  • Collaborate with internal and external partners tooptimizethe risk/reward equation and maximize profitability.

  • Serve as a liaison for Quantitative Risk Management initiatives across business areas, consultants, vendors, and peer banks.

  • Manage and develop Quantitative Analysts and Modelers, including performance and skills development.

  • Ensure adherence to risk management frameworks, regulatory standards, and internal controls.

  • Exercise managerial authority related to staffing, performance, and compensation decisions.

  • Promote an inclusive environment that reflects the M&T Bank brand.

Education and Experience Required:

Bachelors' degree,
OR in lieu of a degree,
A combined minimum of 14 years' higher education and/or work experience, including a minimum of 10 years' related experience (inclusive of 4 years supervisory/management experience)
-OR-
Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline and a minimum of 8 years' related experience (inclusive of 4 years supervisory/management experience),
OR in lieu of a degree,
A combined minimum of 14 years' higher education and/or work experience, including a minimum of 8 years' related experience and/or (inclusive of 4 years supervisory/management experience).
Minimum of 10 years' related experience (inclusive of 4 years supervisory/management experience)
Banking or Financial Services experience.
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.

Education and Experience Preferred:

  • Extensive experience with statistical and machinelearningmodel development and ongoing monitoring.

  • Demonstrated experience leading models from concept through production.

  • Strongproficiencyin both Python and SAS.

#LI-RS1

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $148,300.00 - $247,100.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America

What M&T Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply