Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Quantitative Model Risk Analyst
$59K - $106K/yr
Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external. * Prepares written model validation reports and ...
New
Quantitative Model Risk Analyst
$59K - $106K/yr
Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external. * Prepares written model validation reports and ...
New
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Risk Management - Model Risk Program Associate
Jersey City, NJ · On-site
$135K - $150K/yr
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Risk Management - Model Risk Program Associate
Jersey City, NJ · On-site
$135K - $150K/yr
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
This position requires strong risk management mindset, proven subject matter expertise in commodities pricing models development and validation, and excellent technical, leadership, and ...
This position requires strong risk management mindset, proven subject matter expertise in commodities pricing models development and validation, and excellent technical, leadership, and ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
This position requires strong risk management mindset, proven subject matter expertise in commodities pricing models development and validation, and excellent technical, leadership, and ...
This position requires strong risk management mindset, proven subject matter expertise in commodities pricing models development and validation, and excellent technical, leadership, and ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Risk Management - Quant Model Risk Associate
Manhattan, NY · On-site
$135K - $150K/yr
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Risk Management - Quant Model Risk Associate
Manhattan, NY · On-site
$135K - $150K/yr
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Associate, Model Risk
Jersey City, NJ · Hybrid
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Associate, Model Risk
Jersey City, NJ · Hybrid
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Associate, Model Risk
Jersey City, NJ · On-site
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Associate, Model Risk
Jersey City, NJ · On-site
$112K - $135K/yr
... senior management, and provide feasible and adequate recommendations. * Develop and maintain ... model risk management frameworks, including regulatory guidance such as SR 11 7, and the ability to ...
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. As a Quant Model Risk Associate in the Model Risk ...
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Department of Labor Group Details Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk ...
Model Risk Manager information
See New York, NY salary details
$56.3K - $68.1K
4% of jobs
$68.1K - $79.9K
6% of jobs
$79.9K - $91.7K
11% of jobs
$96.1K is the 25th percentile. Wages below this are outliers.
$91.7K - $103.5K
11% of jobs
The median wage is $112.9K / yr.
$103.5K - $115.3K
23% of jobs
$115.3K - $127.1K
13% of jobs
$134.8K is the 75th percentile. Wages above this are outliers.
$127.1K - $138.8K
12% of jobs
$138.8K - $150.6K
8% of jobs
$150.6K - $162.4K
6% of jobs
$162.4K - $174.2K
4% of jobs
$174.2K - $186K
2% of jobs
$56.3K
$122K
$186K
How much do model risk manager jobs pay per year?
As of Aug 8, 2026, the average yearly pay for model risk manager in New York, NY is $122,046.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $141,100.00 per year, depending on experience, location, and employer.
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?
| Aspect | Model Risk Manager | Quantitative Analyst |
|---|---|---|
| Required Credentials | Advanced degrees in finance, statistics, or mathematics; certifications like FRM or CFA | Degree in finance, economics, mathematics, or related fields; often CFA or CQF |
| Work Environment | Focus on risk management teams within financial institutions; regulatory compliance | Analytical roles within trading, investment, or banking divisions; model development |
| Employer & Industry Usage | Financial institutions, banks, asset managers | Investment 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 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 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 are the most commonly searched types of Model Risk jobs in New York, NY? The most popular types of Model Risk jobs in New York, NY are:
What are popular job titles related to Model Risk Manager jobs in New York, NY? For Model Risk Manager jobs in New York, NY, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in New York, NY look for? The top searched job categories for Model Risk Manager jobs in New York, NY are:
What cities near New York, NY are hiring for Model Risk Manager jobs? Cities near New York, NY with the most Model Risk Manager job openings:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 20 days ago
BNY Mellon rating
7.3
Based on 52 frontline employees who took The Breakroom Quiz
125th of 150 rated financial services
Job description
We're seeking a future team member for the role of Senior Vice President, Model Risk Governance to join our Risk and Compliance organization. This role is located in New York City.
In this role, you'll make an impact in the following ways:
- Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed.
- Support governance and reporting processes by contributing to key stakeholder meetings, forums, and committees, ensuring transparent and effective oversight of the MRM framework.
- Partner with platforms, businesses, and functional teams across BNY to support the model identification process and help ensure the completeness and integrity of the model inventory.
- Strengthen model risk culture across the firm by supporting model risk communications and training for MRM and key stakeholders, while helping align practices with regulatory expectations and industry best practices.
- Anticipate and respond to stakeholder requests and emerging governance needs, enhancing the effectiveness of model risk management practices across the organization.
- Build, lead, and develop a high-performing Model Risk Management organization by attracting and retaining talent, setting clear expectations, and fostering a culture of independent thinking and constructive challenge.
To be successful in this role, we're seeking the following:
- Bachelor's degree in a quantitative or business discipline such as Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, Accounting, Risk Management, or Law, or an equivalent combination of education and directly relevant experience in risk, compliance, audit, or model governance.
- 12+ years of relevant experience in model risk management, quantitative risk management, governance, compliance, audit, or a related field.
- Demonstrated proficiency in governance, risk, and control frameworks, including the ability to translate regulatory expectations into practical business control requirements.
- Proven record of thought leadership in model risk, quantitative risk management, or related domains, with strong strategic leadership, stakeholder management, and influencing skills.
- People leadership experience with the ability to build, lead, and develop high-performing teams, while fostering a culture of accountability, effective challenge, and continuous development.
About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
- America's Most Innovative Companies, Fortune, 2025
- World's Most Admired Companies, Fortune 2025
- "Most Just Companies", Just Capital and CNBC, 2025
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
What BNY Mellon employees say
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About BNY Mellon
Sourced by ZipRecruiter
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
New York, NY, US
Year founded
1784