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Model Risk Manager Jobs in Clermont, FL (NOW HIRING)

BNY

Senior Vice President, Credit Risk

Lake Mary, FL · On-site

$143K - $190K/yr

Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models. Contribute to development of risk management systems. Develop or implement risk-assessment ...

BNY

Senior Vice President, Credit Risk

Lake Mary, FL · On-site +1

$143K - $190K/yr

Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models. Contribute to development of risk management systems. Develop or implement risk-assessment ...

Modulr

VP, Payments Risk & Compliance

Orlando, FL · On-site

$117K - $157K/yr

Implement and manage the US risk and compliance framework aligned to sponsor bank requirements * Translate UK and EU regulatory center of excellence practices into a US-ready operating model

Modulr

VP, Payments Risk & Compliance

Orlando, FL · On-site

$117K - $157K/yr

Implement and manage the US risk and compliance framework aligned to sponsor bank requirements * Translate UK and EU regulatory center of excellence practices into a US-ready operating model

Deloitte

Manager - ServiceNow

Lake Mary, FL · On-site +1

... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...

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Model Risk Manager information

See Clermont, FL salary details

$45.9K

$99.5K

$151.7K

How much do model risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk manager in Clermont, FL is $99,522.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,300.00 and $115,100.00 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 cities near Clermont, FL are hiring for Model Risk Manager jobs? Cities near Clermont, FL with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Risk Coordinator - Longwood, FL

Risk Coordinator - Longwood, FL

Trustco Bank

Longwood, FL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago

Trustco Bank rating

4.4

Company rating: 4.4 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

147th of 149 rated banks

Job description

Risk Management Coordinator

Reports to: Senior Officer

FLSA Status: Non-Exempt | Supervisory Role: No

Why Join Us?

At Trustco Bank, we’re committed to fostering a supportive and inclusive workplace where our employees can grow their careers. We believe that our people are our greatest asset and consider our employees as family. We value each team member’s contribution and offer a supportive, collaborative work environment. Join Trustco Bank’s esteemed team and play a vital role in shaping our future by attracting the brightest minds. We look forward to welcoming a strategic partner passionate about talent and growth.

We believe that investing in our employees means investing in the future of our company. As a valued team member, you will be eligible for a generous compensation and benefits package that includes: medical, dental and vision insurance, a health savings account with an annual employer contribution, a 401(k)-retirement plan with generous employer match, paid time off plus 11 paid federal holidays, training and professional development programs, tuition reimbursement, reduced fees and rates on certain loan products, and much more!

About the Risk Management Role

The Risk Management Coordinator is responsible for implementing the Enterprise Risk Management (ERM) Program. Responsible for monitoring, reporting, and controlling risk within the Bank. The coordinator reviews products and services on an ongoing basis to ensure an effective risk management process is in place. This position also reviews Third Party Relationship Risk Management, Model Risk Management, and Business Continuity Plans.


Key Responsibilities

  • Administering processes for accurately measuring, monitoring, and controlling enterprise wide risk management.
  • Prepares reports for monthly Risk Committee review including board approved limits dashboard, enterprise risk management dashboard, trending reports, risk assessment summary, etc.
  • Performs risk assessment annually and on new banking products and services.
  • Reviews business continuity planning, model risk management, and third party relationship, management.
  • Model risk management validations.
  • Quarterly risk assessment summary.

This job description is not exhaustive; duties and responsibilities may change at any time with or without notice.

Qualifications & Experience

Required

  • An associate's degree in a business related field or equivalent level of education and experience.
  • Effective verbal and written communication skills.
  • Efficiently organized with the ability to manage multiple tasks and work to time sensitive deadlines.
  • Ability to work well independently and in groups.
  • Working knowledge with Microsoft Office Programs; Excel and Word.

Preferred

  • Bachelor's Degree or equivalent work experience

Schedule

Full-time position:

Monday - Friday, 8:30 am – 5:00 pm; flexibility for evenings and weekends as needed.

Travel: Occasional travel to events; valid driver’s license required.

Equal Employment Opportunity Statement:


Trustco Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, marital status, genetic information, disability, or protected veteran status. This includes, but is not limited to, the following:

• Hiring, placement, upgrading, transfer, demotion or promotion

• Recruitment, advertising or solicitation for employment

• Treatment during employment

• Rates of pay or other forms of compensation

• Selection for training, including apprenticeship

• Layoff or termination


It is the policy of Trustco Bank to cooperate to the fullest extent with the applicable regulations of the Civil Rights Act and any legislation on Equal Employment Opportunity.


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