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Model Risk Manager Jobs in Norman, OK (NOW HIRING)

Minimum of 5 years of relevant experience in Risk Management, Model Risk, Operational Risk, IT Audit, or other similar risk consulting / internal control functions (e.g. internal audit, compliance ...

Demonstrate advanced risk management: maintain a living risk register, develop mitigation ... Maintains composure and clear thinking under pressure; models calm, decisive execution and healthy ...

Demonstrate advanced risk management: maintain a living risk register, develop mitigation ... Maintains composure and clear thinking under pressure; models calm, decisive execution and healthy ...

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Model Risk Manager information

See Norman, OK salary details

$45K

$97.5K

$148.5K

How much do model risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk manager in Norman, OK is $97,453.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,600.00 and $112,700.00 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 Norman, OK look for? The top searched job categories for Model Risk Manager jobs in Norman, OK are:
What cities near Norman, OK are hiring for Model Risk Manager jobs? Cities near Norman, OK with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Norman, OK as of May 2026, with employment types broken down into 1% As Needed, 94% Full Time, 4% Part Time, and 1% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $97,453 per year, or $46.9 per hour.

Enterprise Risk Manager (d/f/m)

Novartis

Prague, OK

Full-time

Retirement, PTO

Posted 7 days ago


Novartis rating

7.4

Company rating: 7.4 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

53rd of 70 rated pharmaceutical


Job description

Job Description Summary

As the Enterprise Risk Manager at Sandoz, you will play a crucial role in helping Sandoz navigate the complexities of the rapidly evolving global biosimilar and generic pharmaceutical landscape. This dynamic role goes beyond traditional risk management, offering an unparalleled opportunity to contribute to strategic initiatives that fortify Sandoz's growth trajectory while ensuring compliance with ever-changing regulatory frameworks.
Joining our team means stepping into a role with vast potential for professional growth and development. You'll gain invaluable exposure to diverse operational facets of the business and cultivate meaningful connections across the organization. This is more than a job—it's an opportunity to leave your mark on a company that's redefining the pharmaceutical industry.
This role reports directly to the Head of Enterprise Risk Management at Sandoz, positioning you at the epicentre of strategic risk management efforts.


Job Description

Sandoz is going through an exciting and transformative period as a global leader and pioneering provider of sustainable Generic and Biosimilar medicines.

Now as an independently listed company, Sandoz aims to increase its strategic focus, operate with greater agility, set clearer business objectives, enhance shareholder returns, and strengthen its culture for us, the Sandoz associates. This is an exciting time in our history, and by creating a new and ambitious path, it will provide a unique opportunity for us all, both professionally and personally.

Join us as a Founder of our ‘new’ Sandoz!

Your Key Responsibilities:

Your responsibilities include, but not limited to:

  • Spearhead the enhancement and maturity of the enterprise-wide risk assessment framework, ensuring robust procedures for risk identification and a consistent evaluation methodology

  • Synthesize complex risk data into actionable insights, empowering senior management and key committees to make informed, strategic decisions

  • Serve as a trusted advisor, fostering proactive risk management and resilience by facilitating discussions on risk exposure, treatment choices and action plans evaluations during the annual Enterprise Risk Management Cycle

  • Coordinating ad hoc risk assessments with business units, crafting effective responses to mitigate risks or capitalize on opportunities for sustainable growth

  • Enhancing the configuration requirements for the Governance, Risk & Compliance (GRC) tool, defining requirements for harmonized risk register, ensuring efficient workflows, notifications, reporting and access control mechanisms

  • Leading the ongoing updates and refinement of the enterprise risk dashboard, ensuring timely delivery of critical insights to senior management and relevant decision-makers

  • Developing uniform risk reporting practices across the organization, preparing detailed reports for quarterly meetings with executive leadership

  • Supporting risk training and education initiatives regarding the enterprise risk framework, working with other risk areas, and assisting in the development and rollout of content

  • Promoting a strong risk culture rooted in integrity, transparency, accountability, collaboration, and continuous improvement, ensuring these values permeate throughout the organization

  • Promoting the exchange of ideas and experience among stakeholders with responsibility for risks

What you’ll bring to the role:

Essential Requirements:

  • Bachelor's degree in Risk Management, Business, Finance, or a related field; advanced degree (e.g., MBA, Master's) is a plus

  • Minimum of 5 years of relevant experience in Risk Management, Model Risk, Operational Risk, IT Audit, or other similar risk consulting / internal control functions (e.g. internal audit, compliance, fraud mitigation, etc.) in a complex institution and/or highly matrixed environment

  • Over 10 years of experience in a highly regulated industry with a dynamic regulatory framework and cross-functional experience is a strong plus

  • Strong persuasive communication skills and the ability to empathize with stakeholders, enabling effective communication, collaboration, and positive influence

  • Adaptable communication style, capable of adjusting the level of detail based on the audience

  • Proven track record of working across diverse cultures and multi-functional teams

  • An entrepreneurial mindset with a focus on continuous process improvement, advisory skills, and a commitment to lifelong learning

  • Ability to maintain a relentless can-do attitude, fostering a proactive and solution-oriented approach to challenges and conflicts where differing points of view are common

  • Fluent in English, both spoken and written; proficiency in additional languages is an advantage

Desirable Requirements:

  • Experience with Governance, Risk, and Compliance (GRC) tools is a plus

  • Professional certifications in Risk Management is a plus

You’ll receive:

Sandoz has an employee-first approach and that’s why your personal growth is so important to us. You will have access to Coursera and other learning platforms with more than 200,000 learning videos and 5000+ courses.

In addition to the various learning opportunities, we offer company benefits, such as:

  • 30 days of annual leave

  • Holiday allowance

  • Additional rewards for special occasions (e.g. service length awards, marriage celebration, etc.)

  • Company pension schemes and capital formation benefits

  • Parental leave

  • Other offerings, such as bike leasing

Why Sandoz?

Generic and Biosimilar medicines are the backbone of the global medicines industry. Sandoz, a leader in this sector, touched the lives of almost 500 million patients last year and while we are proud of this achievement, we have an ambition to do more!

With investments in new development capabilities, state-of-the-art production sites, new acquisitions, and partnerships, we have the opportunity to shape the future of Sandoz and help more patients gain access to low-cost, high-quality medicines, sustainably.

Our momentum and entrepreneurial spirit is powered by an open, collaborative culture driven by our talented and ambitious colleagues, who, in return for applying their skills experience an agile and collegiate environment with impactful, flexible-hybrid careers, where diversity is welcomed and where personal growth is encouraged!

The future is ours to shape!

Commitment to Diversity & Inclusion:

We are committed to building an outstanding, inclusive work environment and diverse teams representative of the patients and communities we serve.

Hiring decisions are only based on the qualification for the position, regardless of gender, ethnicity, religion, sexual orientation, age and disability.

The law provides for severely disabled / equal applicants the opportunity to involve the local representative body for disabled employees (SBV) in the application process. If you would like to request this, please let us know in advance as a note on your CV.

Join our Sandoz Network:

If this role is not suitable to your experience or career goals but you wish to stay connected to learn more about Sandoz and our career opportunities, join the Sandoz Network here: https://talentnetwork.novartis.com/hiringgermany

#Sandoz


Skills Desired