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Model Risk Manager Jobs in Dripping Springs, TX (NOW HIRING)

Configure and maintain workflows, questionnaires, risk models, and dashboards * Ensure alignment with TPRM operating model and policy requirements * Manage releases, testing, and production ...

Ensure responsible and compliant AI adoption, aligned with AI governance, model risk management, data privacy, and security controls . * Guide the integration of AI/ML capabilities into analytics ...

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Model Risk Manager information

See Dripping Springs, TX salary details

$54.7K

$118.4K

$180.4K

How much do model risk manager jobs pay per year?

As of Sep 4, 2026, the average yearly pay for model risk manager in Dripping Springs, TX is $118,397.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,500.00 and $136,900.00 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 Dripping Springs, TX look for?

The top searched job categories for Model Risk Manager jobs in Dripping Springs, TX are:

What cities near Dripping Springs, TX are hiring for Model Risk Manager jobs?

Cities near Dripping Springs, TX with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in Dripping Springs, TX as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $118,397 per year, or $56.9 per hour.

Product Mgr, Third-Party Risk Management

Applied Materials

Austin, TX • On-site

$108K - $148K/yr

Full-time

Re-posted 1 hour ago


Applied Materials rating

8.7

Company rating: 8.7 out of 10

Based on 58 frontline employees who took The Breakroom Quiz

14th of 545 rated manufacturers


Job description

Who We Are
Applied Materials is a global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. We design, build and service cutting-edge equipment that helps our customers manufacture display and semiconductor chips - the brains of devices we use every day. As the foundation of the global electronics industry, Applied enables the exciting technologies that literally connect our world - like AI and IoT. If you want to push the boundaries of materials science and engineering to create next generation technology, join us to deliver material innovation that changes the world.
What We Offer
Salary:
$108,000.00 - $148,500.00
Location:
Austin,TX, Santa Clara,CA
You'll benefit from a supportive work culture that encourages you to learn, develop, and grow your career as you take on challenges and drive innovative solutions for our customers. We empower our team to push the boundaries of what is possible-while learning every day in a supportive leading global company. Visit our Careers website to learn more.
At Applied Materials, we care about the health and wellbeing of our employees. We're committed to providing programs and support that encourage personal and professional growth and care for you at work, at home, or wherever you may go. Learn more about our benefits.
Role Summary
The TPRM Product Manager - owns the enterprise TPRM technology product strategy and ensures the platform supports scalable, automated, and compliant third-party risk management processes.
This role serves as the bridge between Procurement, Risk Functions, and Technology teams, translating program requirements into effective workflows, reporting, required API's & integrations, and user experiences that improve risk transparency and operational efficiency.
Key Responsibilities
TPRM Technology Product Ownership & Strategy
  • Own the TPRM product vision, roadmap, and backlog aligned to risk program objectives
  • Prioritize enhancements based on business value, risk reduction, and efficiency
  • Drive continuous improvement across the TPRM lifecycle
  • Translate policy, governance, and risk frameworks into system capabilities
  • Balance short-term delivery with long-term scalability and usability

Platform Configuration & Release Management
  • Serve as the business owner of the OneTrust platform
  • Configure and maintain workflows, questionnaires, risk models, and dashboards
  • Ensure alignment with TPRM operating model and policy requirements
  • Manage releases, testing, and production deployments
  • Provide user support, training, and ongoing optimization

Integration & Data Ecosystem
  • Monitor the integrations with external providers (e.g., D&B, Rapid Ratings, Sayari) and internal systems (e.g., ServiceNow)
  • Define integration and data requirements to ensure accuracy, consistency, and auditability
  • Partner with suppliers and IT teams on APIs and data orchestration
  • Enable a unified third-party record and system-of-record alignment

Stakeholder Engagement & Cross-Functional Alignment
  • Partner with Risk domains (InfoSec, Privacy, Legal, Compliance, Finance, etc.) to incorporate requirements into the platform
  • Act as the primary interface between business stakeholders and technical teams
  • Facilitate working sessions to define requirements, prioritize enhancements, and resolve issues
  • Support governance forums and SteerCo updates with product insights and roadmap status

Operational Support & Governance
  • Establish and manage the TPRM tool support model (intake, triage, issue resolution, SLAs)
  • Monitor system performance, adoption, support trends, and data quality
  • Maintain documentation, user guides, and training materials
  • Ensure audit readiness through strong controls, traceability, and reporting capabilities

Analytics, Reporting & Insights
  • Enable leadership reporting on KRIs, KPIs, compliance metrics, and program performance
  • Partner with analytics teams to build dashboards and actionable insights
  • Use data to drive prioritization of enhancements and operational improvements

Qualifications
  • Bachelor's degree with 3-5+ years in Product Management, Procurement Technology, or Risk/Compliance systems
  • Experience with OneTrust or similar GRC platforms (e.g., ServiceNow IRM, Archer, MetricStream)
  • Strong knowledge of TPRM lifecycle, procurement processes, and compliance frameworks
  • Experience configuring enterprise SaaS platforms (workflows, forms, scoring models) and managing integrations/APIs
  • Proven ability to translate business needs into scalable technology solutions and reporting insights
  • Experience operating in a global enterprise environment preferred

Key Competencies
  • Product mindset (roadmap, backlog prioritization, value delivery)
  • Systems thinking with strong process orientation
  • Stakeholder influence and executive communication
  • Data-driven decision making
  • Change management and adoption leadership

Success Measures
  • Increased adoption and improved user experience across the TPRM platform
  • Reduced manual effort, duplicate workflows, and process variation
  • Improved cycle time for onboarding, due diligence, and risk assessments
  • Data accuracy and completeness across third-party records
  • Improved audit readiness, control traceability, and compliance outcomes
  • Scalable governance model that supports enterprise risk objectives

Why This Role Matters
This role is critical to scaling the TPRM program through technology-ensuring a consistent, automated, and defensible approach to managing third-party risk across the enterprise. The Product Manager enables the shift from fragmented, manual processes to a data-driven, integrated risk platform aligned to enterprise governance and procurement strategy.
Additional Information
Time Type:
Full time
Employee Type:
Assignee / Regular
Travel:
Yes, 20% of the Time
Relocation Eligible:
No
The salary offered to a selected candidate will be based on multiple factors including location, hire grade, job-related knowledge, skills, experience, and with consideration of internal equity of our current team members. In addition to a comprehensive benefits package, candidates may be eligible for other forms of compensation such as participation in a bonus and a stock award program, as applicable.
For all sales roles, the posted salary range is the Target Total Cash (TTC) range for the role, which is the sum of base salary and target bonus amount at 100% goal achievement.
Applied Materials is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, national origin, citizenship, ancestry, religion, creed, sex, sexual orientation, gender identity, age, disability, veteran or military status, or any other basis prohibited by law.
In addition, Applied endeavors to make our careers site accessible to all users. If you would like to contact us regarding accessibility of our website or need assistance completing the application process, please contact us via e-mail at Accommodations_Program@amat.com, or by calling our HR Direct Help Line at 877-612-7547, option 1, and following the prompts to speak to an HR Advisor. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

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About Applied Materials

Sourced by ZipRecruiter

Applied Materials is the global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. We're the brain (and the brawn) behind every new technology development--whether it's building semiconductor chips for smartphones and computers, or the underpinnings for robotics, AI and even smart TV display screens. With 27,000 employees in 19 countries, we offer an exciting place to grow and learn alongside some of the best people you'll ever meet. We take deep pride in our Culture of Inclusion, and we celebrate the diverse backgrounds, perspectives and experiences that help us build stronger, more resilient teams. Join us as we innovate to Make Possible a Better Future!

Industry

Manufacturing

Company size

10,000+ Employees

Headquarters location

Santa Clara, CA, US

Year founded

1967