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

B-Paid LLC

Credit Risk Lead

Columbus, OH · On-site

Experience with credit risk modeling tools and/or enterprise risk management systems * Prior experience in [industry, e.g., banking, commercial lending, fintech] * Experience building, managing, and ...

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Model Risk Manager information

See Columbus, OH salary details

$49.8K

$107.9K

$164.4K

How much do model risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for model risk manager in Columbus, OH is $107,899.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,000.00 and $124,800.00 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 Columbus, OH?

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

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

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

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

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

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Columbus, OH as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $105,015 per year, or $50.5 per hour.

Credit Risk Lead

Columbus, OH • On-site

B-Paid LLC
See more jobs at B-Paid LLCexternal

Full-time

Posted 13 days ago

Job description

Description:


The Credit Risk Lead is responsible for evaluating, monitoring, and managing the organization's exposure to credit risk, particularly around building and growing our future credit and lending programs. This role develops and implements credit risk policies, oversees credit analysis processes, and ensures lending and counterparty decisions align with the organization's risk appetite and regulatory requirements. 


Key Responsibilities 

  • Develop, implement, and maintain credit risk policies, procedures, and frameworks 
  • Develop Risk Assessment Framework 
  • Assess creditworthiness of individual and/or corporate borrowers/counterparties through financial statement analysis, credit scoring models, and industry research 
  • Monitor and report on the credit portfolio's performance, including delinquency rates, concentration risk, and early warning indicators 
  • Set and manage credit limits, terms, and approval authorities 
  • Conduct stress testing and scenario analysis to evaluate portfolio resilience under adverse conditions 
  • Collaborate with sales, payments, and finance teams to balance growth objectives with risk tolerance 
  • Ensure compliance with regulatory requirements 
  • Prepare risk reports and presentations for senior management, credit committees, and the board 
  • Review and approve credit applications above defined thresholds 
  • Manage relationships with credit rating agencies, auditors, and regulators as needed 
  • Lead or support remediation of past-due accounts and workout strategies for distressed credits 
  • Mentor and manage credit analysts or junior risk staff, if applicable 
  • Stay current on macroeconomic trends, industry developments, and regulatory changes affecting credit risk 
Requirements:

Required Qualifications 

  • Bachelor's degree in Finance, Economics, Accounting, or a related field (MBA or relevant master's degree a plus) or equivalent experience. 
  • 8+ years of experience in credit risk management, commercial/consumer lending, or related financial analysis roles 
  • Strong understanding of credit risk modeling, financial statement analysis, and risk rating systems 
  • Familiarity with relevant regulatory frameworks (e.g., Basel III, Dodd-Frank, IFRS 9, CECL)  
  • Proficiency in risk management software and data analysis tools (e.g., Excel, SQL, SAS, Python, or similar) 
  • Strong analytical, quantitative, and problem-solving skills 
  • Excellent written and verbal communication skills, with the ability to present complex information clearly 
  • High attention to detail and sound judgment under pressure 

Preferred Qualifications 

  • Experience building a credit program is preferred 
  • Professional certification such as CFA, FRM, or PRM 
  • Experience with credit risk modeling tools and/or enterprise risk management systems 
  • Prior experience in [industry, e.g., banking, commercial lending, fintech] 
  • Experience building, managing, and mentoring a team a plus 
  • Start up experience is a plus 

Key Competencies 

  • Analytical thinking and data-driven decision-making 
  • Risk assessment and mitigation 
  • Regulatory and compliance knowledge 
  • Stakeholder management and cross-functional collaboration 
  • Leadership and communication