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Model Risk Manager Jobs in Enfield, CT (NOW HIRING)

Strong governance and responsible AI grounding: model risk management, fairness/safety, explainability, monitoring, and compliance-by-design. * Applied understanding of unstructured data and ...

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Document data models, risk/control structures, taxonomies, scoring, and reporting requirements ... Integrated Risk Management (IRM) * Security Operations (SecOps) * Third-Party Risk Management (TPRM)

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Cyber Data Protection/PKI Manager

Hartford, CT · Hybrid

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Model Risk Manager information

See Enfield, CT salary details

$52.2K

$113.2K

$172.5K

How much do model risk manager jobs pay per year?

As of May 31, 2026, the average yearly pay for model risk manager in Enfield, CT is $113,173.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,300.00 and $130,900.00 per year, depending on experience, location, and employer.

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 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 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 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 cities near Enfield, CT are hiring for Model Risk Manager jobs? Cities near Enfield, CT with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Enfield, CT as of May 2026, with employment types broken down into 1% As Needed, 94% Full Time, 4% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $113,173 per year, or $54.4 per hour.
AVP Applied AI, Claims

AVP Applied AI, Claims

The Hartford

Hartford, CT • Hybrid

Full-time

Posted 2 days ago


The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 103 frontline employees who took The Breakroom Quiz

53rd of 259 rated insurance


Job description

AVP Data Science - GD05AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

The Hartford is hiring an AVP leading Applied AI for the Claims organization. This leader will play a pivotal role in transforming the end-to-end Claims process by developing and embedding AI capabilities to enhance outcomes, process and experience.

This role will have aHybrid work schedule,with the expectation of working in an office (Columbus, OH, Chicago, IL, Hartford, CT or Charlotte, NC) 3 days a week. Candidates must be eligible to work in the US without company sponsorship.

Primary Job Responsibilities

  • Own delivery, performance, and risk outcomes for a large, complex Claims Applied AI portfolio spanning multiple teams, domains, and value streams; translate Claims and enterprise AI priorities into a multi-year roadmap and investment plan.
  • Drive measurable business value across the end-to-end claims journey by developing, testing, deploying, and scaling Predictive, Generative, and Agentic AI solutions (e.g., forecasting, triage, recommendations, anomaly/fraud detection, RAG/assistants, and agentic workflow orchestration).
  • Be the senior business partner for Claims leaders: proactively understand short- and long-term goals, shape the problem statements, define success measures, and ensure solutions are adopted and embedded into core claim processes and colleague experiences.
  • Build deep partnerships within portfolio and value stream frameworks; promote agile, iterative delivery through cross-functional teams to ensure fit-for-purpose solutions and rapid learning cycles.
  • Lead and develop senior leaders and teams (e.g., asset owners, data engineers, data scientists, ML engineers), building bench strength through succession planning, coaching, and capability development while creating an engaged and inclusive culture
  • Provide portfolio-level technical direction and oversight, partnering with Principal Individual Contributors, Architecture, AI Platform, and Centers of Excellence to drive consistent adoption of approved standards, patterns, and guardrails
  • Ensure disciplined architecture and delivery trade-offs across quality, grounding, latency, cost, scalability, and regulatory risk-especially for GenAI and agentic solutions operating in claims environments.
  • Establish and enforce evaluation, monitoring, and production readiness across solution types (classification, regression, retrieval/RAG/chat, forecasting), including metric taxonomies, thresholds, validation evidence, gold/synthetic test sets, A/B testing, drift detection, failure mode analysis, and incident response expectations.
  • Set governance expectations for unstructured data and retrieval across Claims (document ingestion, parsing/OCR, layout-aware extraction, metadata/lineage, access controls, PII detection/redaction, auditability), including embedding/retrieval strategies and grounding validation aligned to enterprise standards.
  • Accountable for AI governance and compliance-by-design across the Claims portfolio, partnering with Legal, Compliance, Model Risk, Privacy, Security, and Audit; maintain audit readiness with clear controls, artifacts, escalation paths, and operational evidence.
  • Influence technology integration and platform strategy by partnering with Technology, Data, AI Platform, AI/MLOps, and Architecture teams on tooling, standard work, reusable capabilities, and scalable patterns for Predictive, Generative, and Agentic AI.
  • Champion reuse and scalability by partnering with AI platform owners and peers to develop and integrate reusable Claims AI capabilities within The Hartford's AI platform.
  • Provide thought leadership and change leadership: educate stakeholders, identify new AI opportunities, advance a data-driven culture, and drive change to core Claims processes through innovative quantitative/AI techniques.
  • Oversee portfolio planning, dependencies, resourcing, and financial stewardship, adapting to changing priorities, capacity constraints, technical risks, and regulatory needs while driving continuous improvement in delivery effectiveness and value realization.
  • Maintain strong knowledge of business processes and data sources and stay current on advancements in Machine Learning, GenAI/agentic frameworks, evaluation/guardrails, MLOps, cloud engineering, and emerging technologies.

Skills & Leadership Capabilities

  • Demonstrated experience leading large, complex Applied AI portfolios in regulated enterprise environments with consistent delivery discipline and risk management.
  • Strong business partnership and influence skills-able to translate Claims objectives into AI product strategy/roadmaps and drive adoption through operating model alignment and stakeholder engagement.
  • Deep technical fluency across Predictive ML + Generative + Agentic AI, including prompt engineering, RAG, agentic frameworks, evaluation methods, guardrail management, and AI/MLOps/model lifecycle management.
  • Strong governance and responsible AI grounding: model risk management, fairness/safety, explainability, monitoring, and compliance-by-design.
  • Applied understanding of unstructured data and retrieval systems (document ingestion pipelines, OCR, layout-aware extraction, embeddings, hybrid/dense retrieval, reranking, metadata/lineage, PII controls).
  • Proven ability to build and grow high-performing technical teams and establish operating rhythms across multiple teams/value streams.
  • Exceptional communication skills-able to communicate effectively at all levels and convert complex technical trade-offs into clear business implications and decisions.
  • Strong strategic thinking, analytical capability, negotiation/influence, conflict resolution, and ability to work autonomously across multiple priorities.

Education & Experience

  • 12+ years of applicable experience in Data Science, Applied AI, Analytics, Machine Learning Engineering, or related fields, including building and scaling AI solutions in production.
  • 7+ years of formal people leadership experience (leading leaders and/or multi-team organizations.
  • Insurance and/or Claims domain experience strongly preferred, with demonstrated success driving AI-enabled process transformation.
  • Bachelor's degree required; Master's or Ph.D. preferred in Machine Learning, Data Science, Computer Science, Applied Mathematics, or similar analytical field.
  • Proficiency with cloud platforms (preferably AWS or GCP) and their AI/ML ecosystems.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$182,400 - $273,600

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us|Our Culture|What It's Like to Work Here|Perks & Benefits


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About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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