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Model Risk Manager Jobs in Fairhaven, MA (NOW HIRING)

Serves as a role model for internal and external communication. Addresses customer complaints with ... Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ...

Serves as a role model for internal and external communication. Addresses customer complaints with ... Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ...

Serves as a role model for internal and external communication. Addresses customer complaints with ... Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ...

Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ... Model effective sales process. * Ownership for sales lifecycle and branch business development ...

Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ... Model effective sales process. * Ownership for sales lifecycle and branch business development ...

Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market ... Model effective sales process. * Ownership for sales lifecycle and branch business development ...

... modeling, forecasting, and analytical skills with the ability to translate data into actionable ... Understanding of enterprise financial controls, governance, and risk management frameworks Other:

Experience leading cultural transformation initiatives related to safety and risk management. * Familiarity with global EHS management systems and corporate governance models. * Prior experience ...

Experience leading cultural transformation initiatives related to safety and risk management. * Familiarity with global EHS management systems and corporate governance models. * Prior experience ...

... risk management, and cross-functional leadership as automation reduces manual data entry activities ... service models, and account segmentation. QUALIFICATIONS • 5 years of experience in account ...

... risk management, and cross-functional leadership as automation reduces manual data entry activities ... service models, and account segmentation. QUALIFICATIONS • 5 years of experience in account ...

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Model Risk Manager information

See Fairhaven, MA salary details

$52.1K

$112.9K

$172K

How much do model risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for model risk manager in Fairhaven, MA is $112,883.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,100.00 and $130,500.00 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 Fairhaven, MA look for? The top searched job categories for Model Risk Manager jobs in Fairhaven, MA are:
What cities near Fairhaven, MA are hiring for Model Risk Manager jobs? Cities near Fairhaven, MA with the most Model Risk Manager job openings:
FS/ Principal - Business Consulting (Risk and Compliance) - CCAR, CECL - Reg Reporting

FS/ Principal - Business Consulting (Risk and Compliance) - CCAR, CECL - Reg Reporting

Infosys Limited

Bridgewater, MA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Infosys rating

7.4

Company rating: 7.4 out of 10

Based on 60 frontline employees who took The Breakroom Quiz

107th of 210 rated it services


Job description

FS/ Principal – Business Consulting (Risk and Compliance) - CCAR, CECL - Reg Reporting

Domain|Capital Markets - Domain|Capital Markets - Corporate Action Processing

Domain

Consulting

Interest Group

Company

ITL USA

Requisition ID

149662BR

Salary min

154375

Salary max

193125

Compliance & Risk, Infosys Consulting The Role – What You’ll Do

We are hiring at all levels including Consultant/ Senior Consultant and Principal, Business Consulting - Compliance & Risk. You will be part of a cross‑cultural global team working on a variety of business consulting engagements such as Risk & Finance digital transformation, regulatory change management.

You will take up a range of roles in the areas of process consulting, experience design, business analysis, applied AI, tech strategy, program and change management. You will analyze problems and come up with solutions, often creative and out‑of‑the‑box, apply business consulting frameworks and methodologies to address business problems, collaborate with client stakeholders and be responsible for the delivery of business results to clients.

You will also lead / contribute to sales pursuits, consulting offerings and internal initiatives, and participate in a variety of Firm building events.

Work You'll do

Responsibilities will be determined based on role, level, and specific business or client needs. As part of the IC family, individuals may be expected to take on some or additional responsibilities listed below.

  • End‑to‑end GRC delivery: Own end‑to‑end delivery of GRC engagements across banks, financial institutions, payments, and card issuers—from current‑state assessment through target operating model, roadmap, and implementing the change.
  • Program leadership: Lead multi‑workstream initiatives across operational risk, compliance, third‑party risk, data and model risk, and business resilience.
  • Risk & control execution: Drive risk and control frameworks including policy standardization, RCSA, KRI/KCI design, issue management, and continuous monitoring.
  • GRC solutioning: Translate regulatory and business requirements into scalable process, data, and technology solutions using GRC platforms and cloud‑native controls.
Our Key Work Areas
  • Financial Crime: KYC, Customer Due Diligence, Fraud, Sanctions screening, Transaction Monitoring, Trade Surveillance.
  • Compliance: Regulatory impact assessment, policy governance, testing & monitoring, reporting, regulatory interactions.
  • Operational Risk: CRA/ RCSA, Credit Risk, Scenario analysis, KRI framework, Issue Remediation, Reg Change.
  • Third-Party Risk: Due diligence, segmentation, control testing, contract clauses, continuous monitoring.
  • Regulatory Reporting: Regulatory directives issued by financial oversight bodies with an ability to identify and interpret key areas / processes impacted by a specific regulation within the financial services organization.
  • Liquidity Risk Reporting: Reports like LCR, NSFR, FR2052a Reports.
Consulting Skills Expected
  • Work on business consulting engagements as part of a cross‑cultural team across regions; align product vision and strategy with business objectives and stakeholder needs.
  • Take up a range of roles in the areas of process/functional consulting, tech strategy, program/change management and agile product ownership (roadmap, backlog, release planning).
  • Analyze problems and craft solutions; translate strategic objectives into clear user stories and acceptance criteria, prioritized by value, urgency and feasibility.
  • Ability to create target operating models, process designs, data models, and governance structures; comfortable with policy/standard/control design and mapping.
  • Exceptional communication, stakeholder management, and executive storytelling; deliver concise updates on progress, risks, and trade‑offs; influence decision‑making.
  • Lead workshops to collaborate with client stakeholders, elicit requirements, resolve ambiguities, align priorities, and drive UAT readiness and user enablement.
  • Lead / contribute to sales pursuits, consulting offerings and internal initiatives; champion data‑driven decision‑making and continuous improvement.
  • Participate in a variety of Firm building events and the consultant referral programs; responsibly leverage AI‑assisted tools to accelerate analysis, documentation, testing.
Experience/ Qualification
  • 10+ years total experience in product management/business analysis within financial services, with hands‑on GRC delivery (consulting preferred) and a proven agile track record delivering complex platforms.
  • 5+ years working on regulatory stress testing and loss forecasting (e.g., CCAR/DFAST/CECL) in production environments.
  • Strong knowledge of retail credit products (e.g., credit cards, mortgages) and risk drivers; familiarity with PD/LGD/EAD methodologies.
  • Experience with AI‑assisted tools and automation to accelerate analysis, documentation, testing, and delivery.
  • Proficiency with analytics/visualization (Power BI, Tableau); exposure to risk management and data warehousing platforms.
  • Strong command of regulatory and control frameworks relevant to US FIs: NIST CSF/800‑53, ISO 27001, SOC 2, SOX 404, GLBA, NYDFS 500, FFIEC, PCI DSS, and SWIFT CSCF; understanding of model risk management and data governance.
  • Exceptional communication and stakeholder management; ability to articulate complex concepts, influence cross‑functional teams and drive consensus.
  • Analytical, detail‑oriented problem solver; proactive self‑starter who thrives in fast‑paced, cross‑functional settings.
  • Willingness to travel to different locations based on project requirements.
  • Bachelor’s in finance/economics/computer science/engineering or related quantitative field; Master’s/MBA preferred.
  • Certification in Financial and Risk Domain from globally accredited bodies preferred.
  • Program Management and Product owner certifications preferred.

The job entails sitting as well as working at a computer for extended periods of time. Should be able to communicate by telephone, email, or face‑to‑face. Travel may be required as per the job requirements.

The Target Annual Compensation Range for this Role is $116,875 to 148,125.

Benefits
  • Medical/Dental/Vision/Life Insurance
  • Long‑term/Short‑term Disability
  • Health and Dependent Care Reimbursement Accounts
  • Insurance (Accident, Critical Illness, Hospital Indemnity, Legal)
  • 401(k) plan and contributions dependent on salary level
  • Paid holidays plus Paid Time Off

Candidates authorized to work for any employer in the United States without employer‑based visa sponsorship are welcome to apply. Infosys is unable to provide immigration sponsorship for this role at this time.

EEO

Infosys provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability.

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