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Model Risk Manager Jobs in Cincinnati, OH (NOW HIRING)

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

Escalates highest risk customers to Executive management * Perform ad-hoc analysis of customer ... Develop and/or evaluate various models used for setting credit ratings/scores * Ability to access ...

Fraud Risk Analytics Manager

Mason, OH · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Model evaluation and performance monitoring Preferred Qualifications * Experience with fraud ...

Fraud Risk Analytics Manager

Mason, OH · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Model evaluation and performance monitoring Preferred Qualifications * Experience with fraud ...

Fraud Risk Analytics Manager

Mason, OH · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Model evaluation and performance monitoring Preferred Qualifications * Experience with fraud ...

Fraud Risk Analytics Manager

Mason, OH · Hybrid

$106K - $130K/yr

... risk management, and product experiences. The ideal candidate brings deep fraud domain expertise ... Model evaluation and performance monitoring Preferred Qualifications * Experience with fraud ...

Primary responsibilities include managing execution of the enterprise-wide Risk Appetite Statement ... Maintain RAS governance documentation and controls (e.g., non-model tool inventory/documentation ...

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Model Risk Manager information

See Cincinnati, OH salary details

$49.4K

$107K

$163.1K

How much do model risk manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for model risk manager in Cincinnati, OH is $107,035.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,400.00 and $123,800.00 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 Cincinnati, OH? For Model Risk Manager jobs in Cincinnati, OH, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Cincinnati, OH look for? The top searched job categories for Model Risk Manager jobs in Cincinnati, OH are:
What cities near Cincinnati, OH are hiring for Model Risk Manager jobs? Cities near Cincinnati, OH with the most Model Risk Manager job openings:

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Posted 23 days ago


Job description

General Summary:
Independentlyleads and assists activities related to managing and mitigating model risks, byindependently performing validations, monitoring governance, and providingguidance and expertise related to models used by the Bank. The Senior Analystcollaborates with various stakeholders to ensure the accuracy, reliability, andregulatory compliance of models used for pricing, risk measurement, anddecision-making processes.
Principal Duties andResponsibilities:

  • Model Validation and Governance: Independently perform validation and governance efforts related to Bank models. Conduct comprehensive assessments of model accuracy, reliability, and robustness. Independently perform model validation activities, including reviewing model assumptions, methodologies, and implementation. Identify limitations, weaknesses, or gaps in models and propose enhancements or alternative approaches.
  • Model Risk Management Framework: Contribute to the development and enhancement of the bank's model risk management framework, policies, and procedures. Support the implementation and management of model risk management processes, including model inventory, model change management, and ongoing model monitoring.
  • Regulatory Compliance: Coordinate with key stakeholders to ensure compliance with regulatory model risk requirements (FHFA AB 2013-07; FHFA AB 2022-03).
  • Risk Identification and Measurement: Identify and assess the risks associated with financial models, including model errors, biases, and limitations.
  • Model Documentation and Reporting: Prepare comprehensive model validation reports, documenting the validation process, findings, and recommendations.
  • Collaboration and Leadership: Collaborate with key stakeholders to provide guidance and expertise in support of a sound model risk management environment at the Bank. Provide guidance and mentorship to junior members of the model risk management team.
  • Continuous Improvement and Innovation: Stay abreast of emerging trends, industry best practices, and technological advancements in model risk management. Identify opportunities for process optimization, automation, and efficiency gains within the model risk management function and ERM department.
  • Performs additional duties as requested by management.