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Model Risk Manager Jobs in Columbia, MD (NOW HIRING)

CGI Inc.

Risk Manager, Senior

Arlington, VA · On-site

Risk Manager, Senior Category: Leadership and Management Roles Main location: United States ... This position is located in USA VA Arlington, however, a hybrid working model is acceptable. Your ...

Deloitte

Cyber Insider Risk Manager

Mclean, VA · On-site

... models Experience working with cross-functional stakeholders such as Human Resources, Legal ... Work you'll do As an Insider Risk Manager on the Cyber team, you will be responsible for:

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Model Risk Manager information

See Columbia, MD salary details

$50.7K

$109.8K

$167.3K

How much do model risk manager jobs pay per year?

As of Aug 22, 2026, the average yearly pay for model risk manager in Columbia, MD is $109,809.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,600.00 and $127,000.00 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 Columbia, MD?

For Model Risk Manager jobs in Columbia, MD, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Columbia, MD look for?

The top searched job categories for Model Risk Manager jobs in Columbia, MD are:

What cities near Columbia, MD are hiring for Model Risk Manager jobs?

Cities near Columbia, MD with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Columbia, MD as of July 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $110,708 per year, or $53.2 per hour.

Senior Director, Business Management (Credit Risk Management)

Freddie Mac

Mclean, VA • On-site

Full-time

Posted 13 days ago

Freddie Mac rating

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Freddie Mac's Single-Family Credit Risk Management (CRM) division is seeking a Business Management Senior Director, reporting to the Chief Credit Officer to serve as the strategic integrator and operational backbone for a 250+ person organization. This leader will own the department's operating rhythm, drive a portfolio of high-impact initiatives, and ensure alignment between executive priorities and day-to-day execution across CRM.
The role blends executive-level partnership with operational leadership and program execution - setting direction, establishing governance, aligning stakeholders, and ensuring measurable outcomes across complex, interdependent workstreams in a highly regulated environment.
Our Impact:
Single-Family Credit Risk Management safeguards Freddie Mac's mission by governing credit policy, underwriting standards, and model oversight that enable safe, sound, and affordable lending across the U.S. housing market. The Business Management function accelerates this mission by providing the operating backbone for the department - running the operating rhythm (planning, governance, prioritization, performance management, and executive communications), leading cross-functional initiatives, and ensuring CRM's voice is represented effectively with senior Freddie Mac leadership, FHFA, and the Board.
Your Impact:
  • Lead department operations (business management): Own the operating rhythm for CRM - strategic planning, prioritization, performance management, budget and resource coordination, training, communications, and executive reporting.
  • Serve as Primary Business Management strategy and execution for the Chief Credit Officer: Translate executive priorities into coordinated execution, represent the CCO in key forums, and enable clarity and alignment across the department.
  • Oversee the policy development lifecycle: Manage the Guide Bulletin process, Terms of Business updates, and FHFA submissions - driving consistency and operational effectiveness from intake through publication.
  • Drive a portfolio of transformation initiatives: Lead and coordinate major programs and the department-wide Project Management capability, including model portfolio oversight across 20+ models.
  • Engage senior stakeholders: Represent CRM with Freddie Mac executive leadership, FHFA, the Board, and internal control functions (audit, compliance, model risk, legal).

Qualifications:
  • 12+ years of experience in business management, chief of staff, strategy, operations, or program leadership roles within financial services, housing finance, fintech, or a highly regulated environment
  • Proven success leading complex, cross-functional portfolios with multiple stakeholders and interdependent workstreams.
  • Demonstrated ability to lead division operations (planning, governance, metrics, executive reporting, budget and resource coordination)
  • Strong executive presence with the ability to advise, influence, and represent senior leaders
  • Exceptional communication skills - able to translate complex topics into clear narratives for executives and broad stakeholder groups
  • Strong risk and control mindset; comfort operating in regulated environments with audit, compliance, and model risk considerations
  • Familiarity with mortgage industry concepts (credit policy, underwriting, loan delivery, model risk, investor guidelines) or adjacent capital markets domains preferred
  • PMP, AMP, ADKAR (or equivalent change management) certifications preferred
  • MBA or advanced degree in business, public policy, analytics, or a related field (or equivalent experience) preferred

Keys to Success in this Role:
  • Operate as the "integrator" for the department: Connect strategy, execution, and day-to-day operations so the CCO and leadership team have clarity, momentum, and control
  • Build trusted partnerships: Earn credibility with policy, product, technology, risk, legal/compliance, FHFA, and enterprise teams to unblock decisions quickly
  • Create a scalable operating model: Standardize governance, intake, prioritization, and communications so business management becomes repeatable and sustainable
  • Lead through change: Drive adoption with strong change management - stakeholder engagement, training, communications, and feedback loops

Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Mac's business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $212,000 - $318,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

What Freddie Mac employees say

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Hours and flexibility

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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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