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Model Risk Manager Jobs in Charlottesville, VA (NOW HIRING)

Wells Fargo

Branch Manager - Skyline District

Louisa, VA · On-site

Demonstrate ownership by balancing growth, operational soundness, and talent decisions while proactively managing risk, resolving issues, and modeling behaviors that protect customers, employees, and ...

Wells Fargo

Branch Manager - Skyline District

Orange, VA · On-site

Demonstrate ownership by balancing growth, operational soundness, and talent decisions while proactively managing risk, resolving issues, and modeling behaviors that protect customers, employees, and ...

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Showing results 1-20

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Charlottesville, VA

Model Risk Manager information

See Charlottesville, VA salary details

$51.1K

$110.6K

$168.6K

How much do model risk manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for model risk manager in Charlottesville, VA is $110,627.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,200.00 and $127,900.00 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 Charlottesville, VA look for? The top searched job categories for Model Risk Manager jobs in Charlottesville, VA are:
What cities near Charlottesville, VA are hiring for Model Risk Manager jobs? Cities near Charlottesville, VA with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Data Analyst, Investment Operations and Risk Management

Data Analyst, Investment Operations and Risk Management

CornerStone Partners

Charlottesville, VA • On-site

$75K - $85K/yr

Full-time

Medical, Life, Retirement

Posted 15 days ago

Job description

Job Summary
As a member of the Investment Operations and Risk Management team, the Data Analyst will be central to building and maintaining CornerStone’s investment data operating model in support of institutional-grade analytics, transparency, and scalability. This position works directly with industry-leading technology solutions and AI-assisted workflows to automate the full life cycle of investment data - from ingestion and validation through reconciliation and reporting. The successful candidate is accountable, highly attentive to detail, is naturally curious, and has a strong problem-solving orientation.
The Analyst will report to the Director of Investment Operations and Risk Management and work closely with colleagues across client accounting and reporting, manager selection, and portfolio management teams to deliver high-quality investment data and analytics for nonprofit clients who rely on their investment portfolios to fund their missions.
This is a full-time position with a starting base salary range of $75,000 - $85,000. Benefits include an annual bonus, generous benefits package, including group health insurance, short- and long-term disability insurance, life insurance, and employer retirement plan contribution. This position requires the candidate to spend a minimum of 2 days per week with team members in CornerStone’s Charlottesville office, with additional time in the office during the initial training period.
Core Responsibilities
Upon joining the team, the Analyst will have a broad range of responsibilities, including:
Data Ingestion & Validation
  • Oversee extraction of alternative investment data, including NAVs and transaction details, from investment documents using internal tools and AI-assisted workflows
  • Interpret, classify, and validate extracted data for accuracy and completeness
  • Identify and resolve exceptions / edge cases in coordination with vendors and internal teams
  • Support continuous improvement of data workflows, reducing manual effort and increasing reliability over time

Data Quality & System Integration
  • Maintain mapping and delivery mechanisms for investment documents and data across systems
  • Perform reconciliations across systems and lead timely investigation and resolution of discrepancies in NAVs, transactions, performance, and related data
  • Develop expertise in performance analytics for alternative investments, especially private markets, through ongoing exposure to investment reporting

Data Operations & Reporting
  • Maintain liquidity models for alternative investments and support liquidity waterfalls at the asset class and portfolio levels
  • Evaluate prospective data providers to enrich investment data and improve portfolio monitoring capabilities
  • Collaborate across teams to ensure data usability, scalability, and accuracy for reporting and portfolio monitoring needs

Required Skills/Abilities
  • Exceptional attention to detail and a strong commitment to data quality
  • Basic knowledge of alternative investment data and interest in private markets, financial data, and analytics
  • Experience working with large datasets and multiple technology platforms or systems
  • Ability to work both independently and collaboratively in a team environment
  • Positive attitude, team-oriented mindset, and willingness to contribute to process improvement
  Preferred Skills/Abilities
  • Experience with accounting and performance reporting for alternative investments
  • Familiarity with alternative investment data points such as NAV, capital calls, distributions, and liquidity terms
  • Experience with platforms such as Caissa, Solovis, or Burgiss
  • Comfort working with technology and tools such as Excel; familiarity with database and business intelligence tools such as Power BI or SQL is a plus
  • Interest in workflow, automation, and data process improvement
Experience & Education
  • 1-4+ years of relevant experience in investment operations, investment accounting, data operations, performance reporting, or a related field
  • Experience in an institutional investment office preferred, such as an OCIO, endowment, foundation, or investment consultant
  • Minimum BA, BS, or equivalent required

CornerStone Partners
CornerStone Partners, based in Charlottesville, Virginia, serves as the outsourced investment manager (OCIO) for nonprofit organizations. Our clients rely on the returns generated by their investment portfolios to fund their missions in areas such as health and education. The firm manages approximately $29 billion (as of 12/31/2025) and is committed to maintaining a collaborative, growth-oriented, and mission-driven culture.
To Apply
Submit a resume and cover letter via our Careers page at www.cstonellc.com/careers. CornerStone is not able to sponsor employees who would require a visa to work in the U.S. Contact Susan Holtzman, HR Manager, with any questions about the position at careers@cstonellc.com.
 

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