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Model Risk Manager Jobs in Memphis, TN (NOW HIRING)

First Horizon

Risk Rating Manager

Memphis, TN · On-site

It includes ownership of the bank's scorecard models, development and maintenance of risk grading ... The Risk Rating Manager will build and maintain relationships with partners and stakeholders across ...

First Horizon Bank

Risk Rating Manager

Memphis, TN

It includes ownership of the bank's scorecard models, development and maintenance of risk grading ... The Risk Rating Manager will build and maintain relationships with partners and stakeholders across ...

Sonsoft Inc

Sr. Data Scientist

Memphis, TN · On-site

Understanding of regulatory guidelines (CCAR, Basel) around Model Risk Management * Working knowledge of various Fixed Income and Equities products, for example Derivatives, FX and Cash Equities

Deloitte

Manager - ServiceNow

Memphis, TN · On-site +1

... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...

Deloitte

AI Security Engineer Senior Manager

Memphis, TN

$111K - $152K/yr

Lead AI Risk & Governance Establish frameworks to manage AI-specific risks (e.g., model integrity, data leakage, adversarial threats, misuse). Partner with risk and legal to operationalize ...

Deloitte

Cyber Data Protection/PKI Manager

Memphis, TN · On-site

$107K - $145K/yr

Designing, implementing, and operating technology and process solutions to reduce data risk ... Deep expertise in PKI architecture and enterprise trust models * 5+ years leading CLM strategy ...

First Horizon

Banking Center Manager

Arlington, TN · On-site

Model and demonstrate First Horizon Bank (Firstpower) culture. Promote a positive work culture by ... Compliance and risk management * Collaborate with market operations and sales leadership to ensure ...

First Horizon

Banking Center Manager Float

Bartlett, TN · On-site

Model and demonstrate First Horizon Bank (Firstpower) culture. Promote a positive work culture by ... Compliance and risk management * Collaborate with market operations and sales leadership to ensure ...

AppleOne

Commercial Credit Manager

Memphis, TN · On-site

$90K/yr

Job Summary We are seeking a hands-on Commercial Credit Manager to lead credit risk management and ... risk assessments using financial modeling and quantitative analysis - Partner with sales teams ...

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Model Risk Manager information

See Memphis, TN salary details

$50K

$108.4K

$165.2K

How much do model risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for model risk manager in Memphis, TN is $108,373.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,400.00 and $125,300.00 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 Memphis, TN look for? The top searched job categories for Model Risk Manager jobs in Memphis, TN are:
What cities near Memphis, TN are hiring for Model Risk Manager jobs? Cities near Memphis, TN with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Risk Rating Manager

Risk Rating Manager

First Horizon

Memphis, TN • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 20 days ago

First Horizon Bank rating

8.3

Company rating: 8.3 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

34th of 149 rated banks

Job description

Location: On site in location listed in job posting
SUMMARY
The Risk Rating Manager reports to the Commercial Credit Policy and Governance Manager and is responsible for the management and maintenance of First Horizon's Commercial Risk Rating framework. It includes ownership of the bank's scorecard models, development and maintenance of risk grading guidance, working with line of business and Credit partners on design and revision to models, and being the point of contact for all inquiries related to Commercial risk ratings.
The Risk Rating Manager will build and maintain relationships with partners and stakeholders across the bank, including Lines of Business, Credit, Risk, Technology, Treasury, Finance, and Audit. This role requires high interpersonal skills and the ability to communicate clearly and succinctly with executives, senior management, peers, analysts, regulators, and auditors.
The Risk Rating Manager is expected to work independently with minimal direction from management, lead projects, and manage cross-functional project teams. A broad understanding of Commercial Credit and the use of risk ratings throughout all the activities of a bank is a must.
ESSENTIAL DUTIES AND RESPONSIBILITIES
This position is primarily expected to own the bank's Commercial Credit Risk Rating framework, including its scorecard models. This responsibility includes several facets, including, but not limited to the following.
  • Oversee the lifecycle of commercial rating models from design and development to system implementation and governance
  • Manage risk grading guidance in conjunction with policy, system constraints, and scorecard design.
  • Fulfill current and evolving governance requirements with respect to risk ratings, including reporting on operational and statistical performance
  • Provide input into credit policy as it relates to risk ratings and grading
  • Manage controls associated with risk grading and communicate with appropriate groups on issues and resolution
  • Communicate with several constituents across the bank in each line of defense as well as auditors and regulators about risk rating policy and practice
  • Manage the inventory of scorecard models, including in-use, in-development, and in-pipeline scorecards
  • Monitor and manage scorecard usage, including periodic revisions to existing scorecards, adapting to new products or structures, etc.
  • Monitor scorecard performance from an accuracy and operational perspective. Track and report on scorecard usage, override rates, system integrity, past due scorecards, etc.
  • Be the primary point of contact for oversight groups-regulators, Credit, Credit Assurance, Model Risk Management, and auditors
  • Effectively challenge first line requests for changes to scorecard models, guidance, or policy
  • Lead initiatives for development of or revisions to scorecard models
    • Work with LOB and Credit to define requirements and potential attributes for consideration
    • Lead the project team for new scorecard development or major recalibrations
    • Work with Credit Modeling Team on development, monitoring, testing, and implementation
    • Work with Enterprise Technology on system implementation
    • Design and lead user acceptance testing to ensure a correct implementation
    • Guide changes through governance and business unit acceptance

ADDITIONAL RESPONSIBILITIES
  • Respond to frequent enquiries from constituents-LOB, Credit, Credit Assurance, Internal Audit, etc.-on interpretation of scorecard guidance, rating particular deals, and other questions regarding scorecards
  • Collaborate with Credit Policy and Credit Risk on revisions, updates, or modifications to policies that affect risk grading
  • Collaborate with downstream users of ratings, such as in pricing, CECL, CCAR, and portfolio management
  • Advise the executive management on strategic initiatives, emerging risks or opportunities, and industry best practices in the space of Commercial risk ratings

SUPERVISORY RESPONSIBILITIES
  • At this time, there are no supervisory responsibilities

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Minimum Experience:
  • 10 years of Commercial/Wholesale Credit rating experience, including Commercial and Industrial lending, Commercial Real Estate, Small Business, and specialty lines of business
  • Demonstrable experience working with credit rating models and understanding their use, performance metrics, technology requirements, and governance
  • Strong analytical and critical thinking skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills

Preferred Experience:
  • 15 or more years of Commercial/Wholesale credit rating experience with at least 5 years of owning or leading a risk rating practice

COMPUTER AND OFFICE EQUIPMENT SKILLS
  • Proficiency with Microsoft Office
  • Familiarity with common 3rd party rating platforms such as Moody's CreditLens, Commercial front office systems such as nCino, and core systems such as ACBS

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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