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

M&T Bank

GenAI Program Manager

Buffalo, NY · On-site

Drives the establishment of governance, operating models, risk management frameworks, adoption strategies, and execution disciplines necessary to embed Generative AI capabilities across the ...

M&T Bank

GenAI Program Manager

Buffalo, NY · On-site

Drives the establishment of governance, operating models, risk management frameworks, adoption strategies, and execution disciplines necessary to embed Generative AI capabilities across the ...

Keybank

Quantitative Analytics Lead Associate

Buffalo, NY · On-site

$71K - $125K/yr

Model Risk Management process and foundations * Testing for deterioration and model health * Scale and fundamental concepts of Machine Learning * How statistical measurements are used * Advanced data ...

Keybank

Quant Analytics Lead Assoc

Amherst, NY · On-site

$71K - $125K/yr

Model Risk Management process and foundations * Testing for deterioration and model health * Scale and fundamental concepts of Machine Learning * How statistical measurements are used * Advanced data ...

Keybank

Lead Quantitative Analytics Associate

Buffalo, NY · On-site

$71K - $125K/yr

Model Risk Management process and foundations * Testing for deterioration and model health * Scale and fundamental concepts of Machine Learning * How statistical measurements are used * Advanced data ...

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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 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:

Model Risk Manager jobs near you
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.

Indirect Lending Quantitative Risk Analyst Lead

Buffalo, NY • On-site

M&T Bank
Finance and Insurance • 10K+ employees
Learn more about M&T Bankexternal

$103K - $171K/yr

Full-time

Re-posted 23 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 189 frontline employees who took The Breakroom Quiz

Job description

Overview:
Perform advanced data and credit risk analysis to identify and quantify risks in M&T's $19B Indirect lending portfolios. Support unit (dept.) in data analysis, portfolio deep dives, and loss estimation activities. Provide oversight and credit risk expertise during effective challenge efforts.
Primary Responsibilities:
  • Lead Retail Quantitative Analysts in performing portfolio deep dives, asset quality monitoring, and interpreting data with a risk management focus with an understanding of business strategy.
  • Mentor and supervise the work of junior team members and assist in the development of their analytics acumen in areas such as segmentation analysis, logistic regression, decision trees and data visualization.
  • Demonstrated working knowledge of Credit Risk databases to provide data and analytical support to Senior Management.
  • Perform data manipulation and analysis using SQL, SAS and Microsoft Excel and present results and recommendations to Credit Risk Management.
  • Track portfolio performance and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.

Education and Experience Required:
Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 5 years relevant experience.
-OR-
Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 3 years relevant experience,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 3 years relevant experience
Minimum of 5 years relevant 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:
Credit Analysis experience
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Buffalo, New York, United States of America

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