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Model Risk Manager Jobs in Cypress, TX (NOW HIRING)

Support regulatory, audit, model risk, and enterprise risk management activities related to AI and advanced analytics environments. * Translate governance policies into repeatable operational ...

Build, enhance or localize model risk management programs including coverage assessments, change management, access management procedures, internal controls, and transaction monitoring and watchlist ...

Contribute to the development and upkeep of risk management models and tools tailored for market risk evaluation. * Engage in discussions to furnish insights into market risk factors and their ...

Hanover owns, develops, constructs, and manages high-quality multifamily communities throughout ... Our vertically integrated business model creates a complex and dynamic risk environment that ...

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Model Risk Manager information

See Cypress, TX salary details

$44.4K

$96.1K

$146.4K

How much do model risk manager jobs pay per year?

As of Jun 14, 2026, the average yearly pay for model risk manager in Cypress, TX is $96,090.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,500.00 and $111,100.00 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 are popular job titles related to Model Risk Manager jobs in Cypress, TX? For Model Risk Manager jobs in Cypress, TX, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Cypress, TX look for? The top searched job categories for Model Risk Manager jobs in Cypress, TX are:
What cities near Cypress, TX are hiring for Model Risk Manager jobs? Cities near Cypress, TX with the most Model Risk Manager job openings:

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Posted 10 days ago


Job description

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. 

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

East West Bank is seeking a highly experienced AI Governance to lead the design, implementation, and operationalization of the bank’s enterprise AI governance framework. This role is designed for a hands-on governance leader with deep expertise in AI governance, data governance, risk management, and regulatory compliance within highly regulated industries. The ideal candidate combines practical implementation experience with strong understanding of AI/ML technologies, enterprise controls, data risk, model risk, operational governance, and responsible AI practices. The role will partner across business, technology, data, legal, risk, compliance, audit, and operations teams to establish scalable governance processes supporting AI use cases from intake through production monitoring and enterprise adoption. This position is part of East West Bank’s Enterprise AI Strategy & Transformation organization, focused on scaling AI initiatives into governed, measurable, compliant, and enterprise-ready capabilities.

Responsibilities
  • Lead the design and implementation of the enterprise AI governance framework, operating model, standards, controls, and governance processes.
  • Establish and operationalize governance processes for AI intake, inventory management, prioritization, risk assessment, technology gating, approval workflows, monitoring, issue remediation, and value realization tracking.
  • Drive governance activities across the full AI lifecycle including ideation, proof of concept, pilot, production deployment, monitoring, model review, and retirement.
  • Partner with business, technology, data, legal, risk, compliance, cybersecurity, and audit teams to ensure AI initiatives align with enterprise governance standards and regulatory expectations.
  • Define governance controls for AI-enabled solutions including data quality, lineage, privacy, explainability, human oversight, auditability, retention, access governance, and operational resiliency.
  • Establish AI governance reporting, dashboards, metrics, and executive-level transparency related to AI adoption, business value, risk exposure, control effectiveness, and remediation progress.
  • Lead governance processes related to LLM, Generative AI, RAG, intelligent automation, and advanced analytics solutions.
  • Evaluate AI technologies, platforms, and vendors to ensure alignment with enterprise architecture, security, compliance, operational, and risk standards.
  • Support regulatory, audit, model risk, and enterprise risk management activities related to AI and advanced analytics environments.
  • Translate governance policies into repeatable operational procedures, evidence requirements, controls, checklists, and implementation standards.
  • Promote enterprise AI governance awareness, adoption, and responsible AI practices across business and technology organizations.
  • Perform other duties as assigned.
Qualifications
  • 8+ years of experience in AI governance, data governance, model risk, enterprise risk, compliance, data management, or related governance disciplines within financial services, fintech, insurance, or other highly regulated industries.
  • Strong hands-on experience designing and implementing enterprise AI governance frameworks and operational governance processes in production environments.
  • Demonstrated experience operationalizing AI governance across AI intake, inventory management, prioritization, technology assessment/gating, risk assessment, approvals, monitoring, remediation, and value/metrics reporting.
  • Deep understanding of AI risk, model risk, data risk, operational risk, privacy, explainability, bias, human oversight, and responsible AI principles.
  • Strong understanding of regulatory, compliance, audit, and governance expectations related to AI, model governance, data governance, and enterprise controls.
  • Hands-on experience governing AI/ML, LLM, Generative AI, RAG, and advanced analytics solutions within enterprise environments.
  • Strong familiarity with enterprise governance tooling including Microsoft Purview, Collibra, Alation, Informatica, MLflow, model registries, monitoring platforms, and AI observability solutions.
  • Practical understanding of cloud data and AI ecosystems including Azure, Databricks, Snowflake, AWS, GCP, and modern data platforms.
  • Strong understanding of metadata management, data lineage, access governance, data lifecycle management, retention, and enterprise data quality controls.
  • Experience partnering across business, technology, risk, compliance, legal, cybersecurity, audit, and operations teams to operationalize governance at scale.
  • Strong analytical, executive communication, and stakeholder management skills with the ability to translate complex AI and governance risks into actionable business decisions.
  • Bachelor’s degree in Information Systems, Computer Science, Data Management, Risk Management, Business Analytics, or related discipline.

Highly Preferred

  • Direct experience governing enterprise AI/GenAI programs within banking or highly regulated industries.
  • Strong familiarity with banking regulatory frameworks and governance expectations including SR 11-7, BCBS 239, CCAR, CECL, AML/BSA, privacy, and enterprise risk management standards.
  • Experience governing LLM platforms including OpenAI, Azure OpenAI, Anthropic Claude, Gemini, Bedrock, or open-source models.
  • Hands-on experience with AI governance related to RAG architectures, vector databases, AI monitoring, prompt governance, and model evaluation frameworks.
  • Experience implementing governance controls supporting AI explainability, fairness, auditability, monitoring, and evidence management.
  • Strong understanding of AI/ML lifecycle management, MLOps, model registries, and production monitoring frameworks.
  • Professional certifications such as CDMP, DAMA, Collibra, Microsoft Purview, risk management, or AI governance certifications.
  • Master’s degree or advanced degree in Data Management, AI, Risk Management, Computer Science, or related quantitative discipline.

Applicants must have legal authorization to work in the United States.  We do not offer visa sponsorship at this time.  

Compensation The base pay range for this position is USD $130,000.00/Yr. - USD $185,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.