ZipRecruiter

Log In

1

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

PNC Bank

LOB Risk Lead

Strongsville, OH

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Enterprise Risk Management Framework Operational Risk Management Standards OCC Heightened Standards Regulatory expectations for model governance and risk measurement Industry frameworks (NIST, FAIR ...

Keybank

Agentic AI Lead

Cleveland, OH · Remote

$116K - $216K/yr

Partner with Model Risk Management, Compliance, and Legal to ensure adherence to regulatory standards * Establish human oversight models , auditability, and fallback procedures for AI-driven actions ...

Pwc

R&I Managed Services Deals Desk Senior Manager

Cleveland, OH · On-site

$91K - $321K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... project success - Modeling and reinforcing professional and technical standards, including ...

Huntington

Credit Review Team Leader - Consumer

Cleveland, OH · On-site +1

$93K - $189K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The ideal candidate is a proven credit risk manager with an exceptional delivery track record ... models within a scored originations environment Working knowledge of MS Access, Excel, Word and ...

Huntington

Credit Review Team Leader - Consumer

Cleveland, OH · On-site +1

$93K - $189K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The ideal candidate is a proven credit risk manager with an exceptional delivery track record ... Understanding of application of credit and behavioral models within a scored originations ...

Huntington

Credit Review Team Leader - Consumer

Cleveland, OH · On-site +1

$93K - $189K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The ideal candidate is a proven credit risk manager with an exceptional delivery track record ... Understanding of application of credit and behavioral models within a scored originations ...

previous pagenext page

Showing results 21-40

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Cleveland, OH

Model Risk Manager information

See Cleveland, OH salary details

$49.9K

$108.2K

$164.9K

How much do model risk manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for model risk manager in Cleveland, OH is $108,190.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,300.00 and $125,100.00 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 are popular job titles related to Model Risk Manager jobs in Cleveland, OH?

For Model Risk Manager jobs in Cleveland, OH, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Cleveland, OH look for?

The top searched job categories for Model Risk Manager jobs in Cleveland, OH are:

What cities near Cleveland, OH are hiring for Model Risk Manager jobs?

Cities near Cleveland, OH with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Cleveland, OH as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, and 3% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $108,190 per year, or $52 per hour.

Risk Governance Manager- Credit & Lending

KeyBank

Cleveland, OH • On-site

Full-time

Re-posted 28 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Location:
127 Public Square, Cleveland Ohio
Location: Cleveland, OH or Buffalo NY preferred.
  • Hybrid Requirement (if within specific cities): Selected candidate resides in Key Bank footprint are expected to work on-site 3 days per week at the nearest KeyBank office (non-branch location).
  • Remote Option: If the selected candidate lives outside of KeyBank's geographic footprint, the position will be considered fully remote.

JOB BRIEF (PURPOSE)
The Governance Manager - Credit & Lending serves as a key member of the first line Risk team within the Commercial Bank, with responsibility for executing and overseeing governance activities related to the Commercial lending portfolio, including Middle Market and Financial Sponsor relationships.
The role is accountable for establishing, managing, and enhancing governance processes that support sound credit risk management, regulatory readiness, and effective portfolio oversight. This includes partnering closely with business, risk, and control functions to support delinquency oversight, risk assessments, regulatory examinations, internal audits, portfolio reviews, and executive-level reporting.
The position requires a strong ability to translate data and risk insights into clear narratives, manage complex cross-functional initiatives, and provide credible challenge and oversight while enabling disciplined growth. The ideal candidate brings experience operating in a highly regulated lending environment, with strong project management, communication, and analytical capabilities.
ESSENTIAL JOB FUNCTIONS
  • Support governance activities tied to the Commercial lending portfolio, including oversight of delinquency trends, forecasting, and emerging credit risk themes
  • Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting
  • Review and assess risk acceptance requests related to Middle Market and other Commercial lending activities, ensuring alignment with risk appetite, policy requirements, and governance expectations
  • Manage the Middle Market Financial Sponsor review process, including:
    • Developing and maintaining review documentation
    • Facilitating sponsor review forums and governance discussions
    • Preparing summary materials and outcomes for leadership
  • Design and implement an annual Financial Sponsor portfolio review process, leveraging internal data and partnering with stakeholders to:
    • Build dashboards and reporting
    • Identify risk themes, concentrations, and trends
    • Deliver clear, executive-ready insights
  • Assist in the preparation and management of monthly and periodic business reviews for the Commercial loan portfolio
  • Synthesize large volumes of information into clear narratives, key takeaways, and actionable recommendations for senior leadership
  • Serve as a first-line liaison for regulatory exams, internal audits, and independent risk reviews related to credit and lending activities
  • Coordinate collection of documentation, responses, and evidence from business partners
  • Track and support remediation of findings, issues, and action plans related to governance or portfolio oversight
  • Partner effectively with business leaders, second line risk management, compliance, operations, and finance to enhance governance processes
  • Identify opportunities to improve oversight frameworks, reporting, and governance efficiency
  • Maintain strong awareness of regulatory expectations, internal policies, and industry trends impacting Commercial credit and lending activities

REQUIRED QUALIFICATIONS
  • Bachelor's degree required; industry experience preferred
  • Experience in risk management, first line of risk, governance, or risk oversight
  • Credit or lending knowledge within a Commercial or Banking environment
  • Experience working in a highly regulated industry, preferably Banking or Financial Services
  • Project management experience, including managing multiple workstreams and stakeholders
  • Experience supporting or interacting with regulatory exams, internal audits, or control reviews
  • Demonstrated ability to present to senior leadership and executives
  • Advanced proficiency in Excel and PowerPoint; experience with Salesforce and Tableau preferred
  • Proven track record of creating, implementing, and sustaining governance or oversight processes
  • Strong ability to analyze data, synthesize insights, and develop clear, concise narratives
  • Excellent communication skills
  • Strong organizational skills with the ability to manage competing priorities
  • Demonstrated ability to partner effectively, build networks, and influence across functions

PREFERRED QUALIFICATIONS
  • Prior experience supporting Commercial Bank or Middle Market portfolios
  • Familiarity with Financial Sponsor business models and portfolio monitoring
  • Experience with portfolio dashboards, risk metrics, or credit analytics
  • Exposure to risk governance forums, business risk committees, or portfolio review processes
  • Professional certifications related to risk, credit, audit, or project management (preferred, not required)

PHYSICAL DEMANDS
  • This role requires standard office-based physical activities such as sitting, standing, and working at a computer for extended periods.

TRAVEL/ DRIVING REQUIREMENTS
  • Minimal to no travel expected

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be mobile or home based, which means you may work either at a home office or in a Key facility to perform your job duties.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 08/31/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
#LI-Hybrid

What KeyBank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

KeyBank logo

About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

View All KeyBank Jobs

Apply