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Model Risk Manager Jobs in Doral, FL (NOW HIRING)

Position: Senior Manager, Risk Department: Risk Management Reports To: Chief Risk Officer ... Participate in the oversight of model governance including the validation of model assumptions and ...

Position: Senior Manager, Risk Department: Risk Management Reports To: Chief Risk Officer ... Participate in the oversight of model governance including the validation of model assumptions and ...

Position: Senior Manager, Risk Department: Risk Management Reports To: Chief Risk Officer ... Participate in the oversight of model governance including the validation of model assumptions and ...

Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...

... 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 Doral, FL salary details

$47.6K

$103.2K

$157.3K

How much do model risk manager jobs pay per year?

As of Jul 20, 2026, the average yearly pay for model risk manager in Doral, FL is $103,209.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,300.00 and $119,300.00 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 job categories do people searching Model Risk Manager jobs in Doral, FL look for? The top searched job categories for Model Risk Manager jobs in Doral, FL are:
What cities near Doral, FL are hiring for Model Risk Manager jobs? Cities near Doral, FL with the most Model Risk Manager job openings:
Senior Risk Manager

Other

Posted 28 days ago


Job description

Position:                               Senior Manager, Risk

Department:                      Risk Management

Reports To:                         Chief Risk Officer              

Employment Status:    Full-Time, Exempt

Office Location:                Miami

 

Job Summary

Reporting to the Chief Risk Officer (CRO), the Senior Manager plays a pivotal role in the advancement and maturation of the Enterprise Risk Management (ERM) function at Emigrant.  The Senior Manager will assist the CRO in establishing various programs in support of an expanded risk management function. Initially, the individual will be heavily involved in risk management programs designed to identify and report risks associated with third party relationships. Over time, the role is expected to expand to all or most areas of the ERM program.

Essential Responsibilities and Duties:

  • Assist in developing policies and programs
  • Assist in designing key risk indicator (KRI) framework along with the calibration of thresholds across all risk dimensions
  • Perform fundamental/basic project management tasks in support of complex, multidisciplinary projects
  • Participate in the oversight of model governance including the validation of model assumptions and results
  • Assist in formation of risk appetite statements and monitoring of compliance
  • Identify and analyze industry and regulatory developments, threats, changes in technology and market risk issue
  • Provide an objective analysis to ensure business risks are properly considered, including macro corporate strategy and the risk-based evaluation of business lines, products and processes
  • Maintain excellent relationships with Business Heads to understand risks pertinent to the unit and its control environment

  General Responsibilities:

  • Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources
  • Participate in proactive team efforts to achieve departmental and company goals
  • Perform other duties as assigned
  • Provide leadership to others through example and sharing of knowledge/skill
  • Receive very general guidance with respect to overall objectives; work is usually quite independent of others; operate within specific policy guidelines
  • Prioritize, and organize assignments
  • Handle multiple tasks simultaneously

 

Qualifications:

  • 8-10+ years relevant experience with banks or other financial institutions, with particular preference for experience with third party relationship programs and associated regulatory guidance
  • Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls
  • Bachelor's Degree in a relevant discipline required. Advanced degree preferred. Professional certifications in Risk Management, Audit, Project Management or Investment Management highly appreciated

 

Additional Requirements:

  • Superior verbal and written communication skills
  • Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel
  • Ability to communicate complex concepts with a diverse audience
  • Superior Microsoft Office skills required, with particular emphasis on outstanding Powerpoint presentation and Excel skills
  • Strong organizational and project management skills needed to handle the coordination of multiple priorities
  • Independent judgment with strong analytical and risk assessment skills
  • A wide degree of creativity and latitude

The job description outlined above is considered a core list of job duties/requirements.  This document should not be considered a complete or comprehensive list.  The incumbent assigned to this position is required to perform the duties listed above.  The incumbent is also expected to adapt to changes and/or additions as needed.  Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Bank and its Subsidiaries.  Emigrant Savings Bank and its Subsidiaries retain and reserve any and all rights to change, modify, amend, add to or delete from any section of this document as it deems, in its judgment, to be proper. Emigrant Savings Bank and its subsidiaries and affiliates are Equal Opportunity and Affirmative Action employers.