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Model Risk Manager Jobs in Citrus Heights, CA (NOW HIRING)

Anaplan Level 2 Model Builder or higher; OneStream or Oracle EPM certifications * 5+ years ... Managing project activities, deliverables, timelines, and stakeholder expectations across ...

Models PNC values by cultivating and supporting an inclusive workplace. * Manages operational, human capital, reputational and business risk. Exercises leadership, authority and sound decision making ...

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Model Risk Manager information

See Citrus Heights, CA salary details

$53.4K

$115.7K

$176.4K

How much do model risk manager jobs pay per year?

As of Aug 11, 2026, the average yearly pay for model risk manager in Citrus Heights, CA is $115,727.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,400.00 and $133,800.00 per year, depending on experience, location, and employer.

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 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 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 Citrus Heights, CA? For Model Risk Manager jobs in Citrus Heights, CA, the most frequently searched job titles are:
What cities near Citrus Heights, CA are hiring for Model Risk Manager jobs? Cities near Citrus Heights, CA with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Citrus Heights, CA as of July 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $115,727 per year, or $55.6 per hour.

Risk Cost Analyst- Construction

Turner & Townsend

Sacramento, CA

Full-time

Re-posted 6 days ago


Job description

Company Description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. 

Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Working in partnership makes it possible to deliver the world’s most impactful projects and programmes as we turn challenge into opportunity and complexity into success. 

Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions. 

We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.

Job Description

Turner & Townsend is seeking a Risk Cost Analyst to join our Project Controls team in support of a major, complex rail infrastructure program. This role offers an opportunity to contribute to the effective management of cost and risk on large-scale construction projects, working alongside experienced project controls professionals and client stakeholders.

The Risk Cost Analyst will support the identification, analysis, and management of project risks and cost uncertainties throughout the project lifecycle. 

Position Responsibilities

  • Assist in gathering data for risk and cost assessments across project processes.
  • Support the monitoring of project cost drivers, market factors, and external conditions that may affect budgets and risk exposure.
  • Perform preliminary analyses using established qualitative and quantitative methods, including cost modeling and scenario analysis.
  • Assist in integrating risk findings into cost estimates, forecasts, and contingency planning efforts
  • Support the development and tracking of risk mitigation strategies in collaboration with project controls, estimating, and scheduling teams.
  • Prepare draft reports, presentations, and summaries for review by senior risk and cost analysts
  • Maintain organized and up-to-date records of risk registers, cost assessments, and supporting documentation.
  • Provide general administrative and analytical support to ensure consistency and accuracy in the risk and cost management processes.
  • Turner & Townsend are seeking a Risk Analyst to identify, assess, and manage risks associated with construction projects.
  • This position involves working closely with project teams, contractors, clients, and stakeholders to ensure that potential risks are mitigated and managed effectively throughout the lifecycle of construction projects.  
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable. 
Qualifications
  • Bachelor’s degree in Finance, Business, Construction Management, Engineering, or related field plus.
  • 5+ years of experience in risk, cost, or project support roles.
  • Familiarity with risk management and cost analysis concepts.
  • Strong organizational, communication, and analytical skills.
  • Ability to work collaboratively with cross-functional teams and follow established procedures.
  • Experience supporting large-scale projects or infrastructure programs.
  • Familiarity with risk and cost management tools (e.g., Excel, @Risk, Primavera Risk Analysis).
  • Ability to manage multiple tasks, prioritize work, and meet deadlines.

Additional Information

The salary range for this full-time role is $120K - $175K per year. Ranges are determined by role and level and represent a good faith effort to provide a fair and equitable salary. This range is a reflection of base salary only, not of a total compensation package. 

Qualified candidates with arrest or conviction records will be considered for employment in accordance with LA County ordinance and CA law.   

*On site presence may change due to client needs*

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. 

We want our people to succeed both in work and life. To support this, we promote a healthy, productive, and flexible working environment that respects work-life balance.  

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community. 

Please find out more about us at www.turnerandtownsend.com/ and https://www.heery.com/ 

All your information will be kept confidential according to EEO guidelines. 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review.