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Model Risk Manager Jobs in Norwalk, CT (NOW HIRING)

ING Group

Director, Model Risk Management

New York, NY · On-site

$217K - $273K/yr

Model Risk Management | Model Risk Management Lead, Director | NYC About ING: In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services to ...

ING Group

Director, Model Risk Management

New York, NY · Hybrid

$217K - $273K/yr

Model Risk Management | Model Risk Management Lead, Director | NYC About ING: In the Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services to ...

Customers Bank

Model Risk Management Intern

New York, NY · On-site

$16.50 - $22/hr

Build meaningful relationships across the bank through networking and team activities What you'll do - Model Risk Management: In addition to participating in the broader internship program, you'll ...

Merican

Context Engineer (Model Risk Focus)

New York, NY · On-site

$50 - $53/hr

TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that ... Job Title: Context Engineer (Model Risk Focus) Location: NYC, NY, 10003 Duration: 6 months Rate ...

Td

FCRM Model Risk Governance Strategy

New York, NY · On-site

$96.13K - $155.95K/yr

The Financial Crime Risk Management (FCRM) Modeling & Advanced Analytics team is part of the FCRM organization and is responsible for developing, maintaining/enhancing, and governing the Enterprise ...

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Model Risk Manager information

See Norwalk, CT salary details

$51.7K

$112K

$170.6K

How much do model risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for model risk manager in Norwalk, CT is $111,977.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,300.00 and $129,500.00 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 are popular job titles related to Model Risk Manager jobs in Norwalk, CT? For Model Risk Manager jobs in Norwalk, CT, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Norwalk, CT look for? The top searched job categories for Model Risk Manager jobs in Norwalk, CT are:
What cities near Norwalk, CT are hiring for Model Risk Manager jobs? Cities near Norwalk, CT with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Norwalk, CT 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 $111,977 per year, or $53.8 per hour.
Model Risk Analyst

Model Risk Analyst

NEW YORK POWER AUTHORITY

White Plains, NY • On-site

$74K - $102.30K/yr

Full-time

Posted 15 days ago

Job description

Summary
Perform quantitative and qualitative analysis on models and assessments of their risks, coordinate with the business units to conduct testing of critical models and document results. Manage the model inventory in the company's governance solution, ensure timely updates of forms and questionnaires, maintain ongoing contact with model owners and reviewers, and oversee adherence to model and other risk policies and procedures. Supports the development of tools and techniques to facilitate ongoing model enhancement for the organization. #LI-CJ1
Responsibilities
  • Perform quantitative and qualitative analysis on model risk and other types of risk inventories to identify underlying relationships and assist in the risk roll-up/alignment process
  • Work with the Enterprise and/or Operational Risk team, NYPA management, and staff to facilitate the Model Risk Management and broader risk management process for risk identification, definition, assessment, analysis, mitigation, and monitoring throughout NYPA
  • Generate risk reports for various levels of the organization including the Executive Risk Management and Resilience Committee (ERRMC)
  • Work with Enterprise and Operational Risk leadership to ensure effective alignment of the enterprise and operational processes with Internal Audit, Internal Business Controls, and Compliance
  • Assist Enterprise and Operational Risk Management team (EORM) in the development of training materials and assist in conducting enterprise and/or operational education/training to various levels of NYPA Business Units management and staff
  • Update, maintain and ensure compliance with NYPA's model and other risk frameworks, policies, procedures, and other associated risk management documentation
  • Provide support on the implementation and on-going operation of the Governance, Risk, and Compliance (GRC) software module specific to the model risk programs
  • Coordinate the resolution of risk software problems with the vendor or the NYPA IT department as needed Perform regular updates to the model risk and other risk repositories and perform risk assessments using reporting tools to ensure integrity of the repository database
  • Create and maintain up-to-date meeting minutes, reports and related materials for the Enterprise and Operational Risk website
  • Work with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk task level schedule to ensure timely delivery of assigned work products

Knowledge, Skills and Abilities
  • Working knowledge of various types of risk including Model, Operational, Asset, Project and Enterprise level risks
  • General knowledge of Enterprise-wide risk management program development and implementation; including best practices, frameworks, and associated software systems
  • General knowledge of Internal Audit and Internal Business Controls practices
  • General understanding of the fundamentals of probabilistic scenario analysis and analysis techniques the associated application to risk management
  • Proficient in spreadsheet and/or statistical analysis packages. Working knowledge of Access, Word, PowerPoint, statistical software, and MS Project.
  • Understanding of enterprise risk management best practices as they apply to the energy/utility industry
  • Ability to prepare and deliver clear and concise summaries and insights with assistance from senior specialists and director

Education, Experience and Certifications
  • Bachelor's degree in Business Administration, Finance, Accounting, or Economics
  • A minimum of 2 years directly relevant experience with risk analysis, integration of business processes and development/implementation of enterprise risk programs is preferred

Physical Requirements
The New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The estimated salary range for this position is: $74,000-$102,300. The salary offered will be determined based on the successful candidates' relevant experience, knowledge, skills, and abilities.
The New York Power Authority and Canal Corporation believes that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across New York and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record or any other category protected by law.
NYPA/Canals will also provide reasonable accommodations during the hiring process related to candidates' disabilities, pregnancy-related conditions, religious observances/practices and/or domestic violence concerns. To request an accommodation, please email accessibility@nypa.gov.

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