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

PNC Bank

Technology Risk Advisor

Strongsville, OH · On-site

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

Fairygodboss

Technology Risk Advisor

Strongsville, OH · On-site

Operational Risk Management Standards * OCC Heightened Standards * Regulatory expectations for model governance and risk measurement * Industry frameworks (NIST, FAIR, CIS, COBIT) * Supports ...

New

PNC Bank

Home Lending Credit Director

Cleveland, OH · On-site

Partner with Product, Credit Policy, Capital Markets, Servicing, Default Management, Legal, Compliance, Finance, Model Risk, Enterprise Risk Management, and Asset Management to ensure comprehensive ...

RSM

Temporary AML IT Audit Consultant

Cleveland, OH · Remote

$82/hr

Model Risk Management or model governance frameworks. * Regulatory environments involving OCC, Federal Reserve, FDIC, or similar regulatory bodies. At RSM, we offer a competitive benefits and ...

RSM

Temporary AML IT Audit Consultant

Cleveland, OH · Remote

$80/hr

Model Risk Management or model governance frameworks. * Regulatory environments involving OCC, Federal Reserve, FDIC, or similar regulatory bodies. At RSM, we offer a competitive benefits and ...

RSM

Temporary AML IT Audit Consultant

Cleveland, OH · Remote

$89/hr

Model Risk Management or model governance frameworks. * Regulatory environments involving OCC, Federal Reserve, FDIC, or similar regulatory bodies. At RSM, we offer a competitive benefits and ...

RSM

Temporary AML IT Audit Consultant

Cleveland, OH · Remote

$89/hr

Model Risk Management or model governance frameworks. * Regulatory environments involving OCC, Federal Reserve, FDIC, or similar regulatory bodies. At RSM, we offer a competitive benefits and ...

RSM

Temporary AML IT Audit Consultant

Cleveland, OH · Remote

$89/hr

Model Risk Management or model governance frameworks. * Regulatory environments involving OCC, Federal Reserve, FDIC, or similar regulatory bodies. At RSM, we offer a competitive benefits and ...

AVI Foodsystems, Inc

Head of IT Security

Akron, OH · Hybrid

Establish a security posture for the AI lifecycle, including model risk management, data privacy for LLMs, and protection against emerging AI-specific threats. * Data-Centric Defense: Architect a ...

AVI Foodsystems, Inc.

Head of IT Security

Akron, OH · On-site

Establish a security posture for the AI lifecycle, including model risk management, data privacy for LLMs, and protection against emerging AI-specific threats. * Data-Centric Defense: Architect a ...

Oswald Companies

Client Manager - Project Risk

Akron, OH

$78K - $100K/yr

What You'll Need: 5-10+ years of experience in wrapup insurance, construction risk management, or ... Demonstrates a positive attitude and serves as a professional role model in client and team ...

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

Model Risk Manager information

See Cleveland, OH salary details

$49.9K

$108K

$164.6K

How much do model risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for model risk manager in Cleveland, OH is $108,025.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $124,900.00 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 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.

LOB Risk Expert - Corporate & Institutional Banking (C&IB) Risk Oversight & Strategy

Cleveland, OH • On-site

PNC Bank
Banking and Credit Intermediation • 10K+ employees
Learn more about PNC Bankexternal

$112K - $249K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 23 days ago

PNC Bank rating

7.7

Company rating: 7.7 out of 10

Based on 348 frontline employees who took The Breakroom Quiz

Job description

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a LOB Risk Expert within PNC's Corporate & Institutional Banking Risk Oversight & Strategy organization, you will be based Cleveland, OH, Pittsburgh, PA or one of our corporate office locations.
As part of C&IB Risk Office Risk Oversight & Strategy Team, you will be leading end-to-end business risk oversight and strategic risk advisory for the C&IB COO organization. You will be responsible for risk identification, assessment, treatment and monitoring, as well as facilitation of strategic changes and transformation. This role will primarily support the Enterprise Data, Analytics and Modeling business segments.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
  • Responsible for the establishment and oversight of Line of Business risk strategies and program execution. Serves as a senior risk advocate for the risk management program, process owner and/or regulatory relationship liaison.
  • Establishes the line of business risk management strategies and programs, maintains and enhances existing programs to support the business(es) in managing risk while meeting business and regulatory expectations.
  • Oversees the timely and proper execution of the risk management program within and/or across the lines of business. Owns process and/or regulatory relationship liason.
  • Provides risk expertise while working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Monitors changes in internal and external factors and identifies emerging risks.
  • Leads and engages cross functional teams and develops internal capabilities.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred SkillsChange Management, Conflict Management, Crisis Management, Emerging Risks, Influencing Change, Operations Management, Risk Management Programs, Strategic PlanningCompetenciesCollaborating, Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Industry Knowledge, Internal Controls, Operational Risk, Organizational Governance, Process Management, Regulatory Environment - Financial Services, Standard Operating ProceduresWork ExperienceRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry relevant experience is typically 8+ years. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Language AssessmentsNo Required or Preferred Language AssessmentsPay TransparencyBase Salary: $112,000.00 - $249,600.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education.Application WindowGenerally, this opening is expected to be posted for two business days from 05/21/2026, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visitpncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

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