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Model Risk Manager Jobs in Philadelphia, PA (NOW HIRING)

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Model Risk Manager information

See Philadelphia, PA salary details

$49.2K

$106.6K

$162.5K

How much do model risk manager jobs pay per year?

As of Jun 23, 2026, the average yearly pay for model risk manager in Philadelphia, PA is $106,617.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,000.00 and $123,300.00 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 Philadelphia, PA look for? The top searched job categories for Model Risk Manager jobs in Philadelphia, PA are:
What cities near Philadelphia, PA are hiring for Model Risk Manager jobs? Cities near Philadelphia, PA with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Philadelphia, PA as of June 2026, with employment types broken down into 93% Full Time, 6% Part Time, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $106,617 per year, or $51.3 per hour.
Risk Management - Risk Decisions Product Lead - Vice President

Risk Management - Risk Decisions Product Lead - Vice President

JPMorgan Chase & Co.

Wilmington, DE • On-site

Full-time

Medical, Retirement

This job post has expired today. Applications are no longer accepted.


JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 470 frontline employees who took The Breakroom Quiz

46th of 141 rated banks


Job description


Bring your Expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. 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 leader in Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. 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.
The Risk Decision Product team provides real-time and batch decisioning across the Risk life cycle from Offer Generation, Acquisitions, Account Management through Collections utilizing Internal data, 3rd Party/External Data, Customer information and Models to maximize profit, manage risk and provide shareholder value through rapid deployment of Risk strategies in a controlled environment.
The Risk Decision product team is seeking a highly effective, motivated and innovative individual to lead initiatives which deliver a customer-centric Risk service to improve customer experience, enhance risk management capabilities, and maximize profit within the risk appetite The desired candidate will partner across the business to execute on an ever-evolving roadmap to drive business objectives forward by leading cross-functional teams to deliver comprehensive features and experiences to market with an agile mindset that fosters teamwork and collaboration.
Job Responsibilities
  • Guide complex initiatives that enhance Risk Management Capabilities and Modernization efforts.
  • Partner across Risk to help lead the continual build-out of the product roadmap.
  • Define product initiatives for new features and enhancements.
  • Collaborate with the business, architecture, and technology to ensure a unified product landscape.
  • Provide clear vision and scope documentation, workflows, detailed epics/features, use cases, and other materials as needed to support design, development, and infrastructure.
  • Track and manage business case metrics, ensuring that initiative/feature delivery stays on track and on budget.
  • Prepare executive-level product updates inclusive of production metrics, new feature delivery planning, and financial forecasting.
  • Create and maintain dashboards/reports and track initiative metrics.
  • Prepare and present updates to senior leadership and stakeholders.
  • Provide support for team SharePoint and Confluence site responsibilities, including maintaining lists and libraries, developing skills in Power Apps and Power Automate, managing forms and workflows (including intake forms), overseeing permission management and recertification, conducting site certification, and handling documentation management.

Required qualifications, skills and capabilities
  • 7+ years of experience in financial services
  • Experience managing complex initiatives across multiple work streams with varying timelines, priorities and complexities.
  • Strong understanding of, or experience working in an Agile development framework.
  • Experience authoring business requirements, defining user stories and execution, including bringing together cross-functional teams within an Agile development framework.
  • Must be a structured thinker and effective communicator with excellent written and verbal communication skills.
  • Highly self-motivated, excel at building relationships, and are adept at influencing peers with diverse points of view and building consensus.
  • Remain composed under pressure and excel during periods of ambiguity.
  • Experienced in stakeholder management at a senior level and presenting metrics & progress accordingly.
  • Adept at using tools like Jira to manage the backlog and documentation.

Preferred qualifications, skills and capabilities
  • Experience with SharePoint and Confluence is a plus.
  • 7+ years of experience in financial services, preferably with experience in Risk Management.
  • Experience with Power Apps and Power Automate is a plus.

About Us
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Equal Opportunity Employer/Disability/Veterans
About the Team
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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