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

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- from ...

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- from ...

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- from ...

... 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 ...

Case Manager

Fall River, MA

$20.50 - $26.50/hr

Integrates the Prism Model for effective treatment of serious and persistent mental illness into ... risk, manage symptoms, and maintain safety * Documents client progress, activities, and outreaches ...

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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 May 29, 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 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 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:
Infographic showing various Model Risk Manager job openings in Fairhaven, MA as of May 2026, with employment types broken down into 1% As Needed, 95% Full Time, 3% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $112,883 per year, or $54.3 per hour.
Risk Specialist - Temporary Position

$107.20K/yr

Temporary

Posted 14 days ago


Job description

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.

This is a temporary position need for coverage during expected leave of absence.
Under the direction of the Risk Manager, the Risk Specialist will assist with overseeing and managing hospital-wide patient safety initiatives and risk mitigation. This role will focus on carrying out daily activities while fostering Equity Informed High Reliability Concepts.

Job Description:

Duties/Responsibilities:

•    Responsible for the day-to-day coordination of adverse event management.
•    Receives and reviews all safety event reports received via formal and informal data sources.
•    Reviews all safety event reports to ensure timely and appropriate analysis and follow up.
•    Identifies sentinel events, coordinates, and conducts sentinel event analyses in collaboration with the Risk Manager.
•    Participates in the review, investigation and analysis of adverse events, clinical and operational processes and peer review using site visits, interviews, conducting literature searches and conducting root cause analysis/Collaborative Case Review for high level safety events as deemed appropriate by the Risk manager and BID-P Director of Quality and Patient Safety/ Patient Safety Officer within a Just Culture model.
•    Collaborates with the Patient Relations Manager in addressing patient/family/visitor complaints and grievances, escalating high level concerns. Generates a response to Health Plan grievances in collaboration with providers and Practice Managers. 
•    Works closely with the Patient/Family Relations department on risk and patient safety issues. Generates a response to Health Plan grievances in collaboration with providers and Practice Managers. 
•    Refers cases as directed by the Risk Manager to the CRICO for monitoring, investigation or defense and assists with the production of materials for defense.
•    Ensures the institution is current with Joint Commission National Patient Safety Goals, identifies emerging trends in Patient Safety, and supporting improvement teams related to patient safety initiatives.
•    Under the supervision of the Risk Manager, manages reporting of appropriate adverse events to regulatory agencies, including DPH, DMH, and BRM QPS division, and coordinates/supports unannounced hospital surveys by DPH/DMH/Joint Commission for cause visits, etc.
•    Assists with on-site visits by regulatory agencies, including the DPH.
•    Identification and development of information related to product/equipment recalls to ensure patient safety and risk mitigation.
•    Continually evaluates hospital safety event reporting system for potential improvement opportunities.
•    Participates in the development and implementation of clinical, operational and organizational policies and procedures that affect liability exposures across domains and/or improves patient safety.
•    Assists in review and development of hospital policies and procedures that affect liability exposure across domains and / or improves patient safety.
•    Participates in hospital patient safety initiatives and activities.
•    In collaboration with the Risk Manager and clinical leadership, initiates improvement activities related to safety and quality vulnerabilities, the Joint Commission National Patient Safety Goals and develops innovative methods to monitor improvement.
•    Performs as the content expert on improvement methodologies, including proactive risk assessments and imparts knowledge of improvement process to various safety projects. 
•    Develops the analytic and measurement strategy for all projects undertaken including development of key metrics, identification of data sources, and collection of baseline data.
•    Provides staff education to nurses, physicians, and committees regarding patient safety, non-punitive reporting, and error prevention.
•    Works with Risk Manager and clinical leaders to prepare regular presentations to patient safety & grievance committee, patient care assessment committee, and other clinical groups, as needed.
•    Collaborates with the Risk Manager and as directed, the BILH Office of the General Counsel (OGC) to act as an organizational resource and consultant on issues related to managing risk, professional, general, & other insurable risk/liability & patient safety.
•    Conducts and/or collaborates on office practice risk assessments to identify opportunities for risk avoidance, prevention, transfer, reduction, and/or mitigation using various assessment tools.  
•    Support membership in the Academic Medical Center Patient Safety Organization (AMC PSO) as part of BID-P goals to improve quality and patient safety and maintain applicable peer review process and privilege.  Submit documents to the Patient Safety Evaluation System at the direction of the Risk manager and BID-P Director of Quality and Patient Safety/ Patient Safety Officer. 
•    Develops, coordinates, and/or provides risk management and patient safety educational material for orientation programs.
•    Presents risk management data to selected groups, identifying trends/patterns and areas requiring focused review.
•    May participate in various quality, safety and risk management work groups, and committees for program development, implementation and measurement of effectiveness.

It is understood that this is a summary of key job functions and does not include every detail of the job that may reasonably be required.


Education/Experience Required:

•    Bachelor’s Degree with a Clinical Healthcare Major
•    Master’s Degree preferred
•    Minimum two years of experience in risk management and/or patient safety.
•    Minimum of (2) years clinical (acute care/ambulatory/office practice) experience 


Registration/Certification:

•    Certified Professional in Healthcare Risk Management (CPHRM) or Certified Professional In-Patient Safety (CPPS) required or obtained within one year of hire
•    Current Nursing or other healthcare licensure preferred


Physical/Environmental Requirements:
This job requires frequent bending, carrying, pulling, pushing, reaching, standing, stooping, walking and lifting over 10 lbs. There will be occasional need for climbing stairs, lifting in excess of 50 – 100 lbs and sitting. Constant use of hearing, sight and speech. Frequent use of smell and touch. Frequent keyboard and telephone use. Constant concentration and problem solving.

Pay Range:

$100,006.00 USD - $140,005.00 USD

The pay range listed for this position is the annual base salary range the organization reasonably and in good faith expects to pay for this position at this time. Actual compensation is determined based on several factors, that may include seniority, education, training, relevant experience, relevant certifications, geography of work location, job responsibilities, or other applicable factors permissible by law. 

As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment.More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.Equal Opportunity Employer/Veterans/Disabled