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Model Risk Manager Jobs in Portland, OR (NOW HIRING)

Columbia Banking System, Inc.

Senior IT Auditor

Hillsboro, OR · On-site +1

$102K - $134K/yr

Enterprise Risk Management, Credit risk, Market risk, Operational risk, Model risk, Liquidity risk, and/or Sarbanes-Oxley. Broad, general knowledge of the banking and financial services industry and ...

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Showing results 21-40

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Portland, OR

Model Risk Manager information

See Portland, OR salary details

$54.6K

$118.3K

$180.3K

How much do model risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for model risk manager in Portland, OR is $118,306.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,400.00 and $136,800.00 per year, depending on experience, location, and employer.

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 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 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?

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 Portland, OR?

For Model Risk Manager jobs in Portland, OR, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Portland, OR look for?

The top searched job categories for Model Risk Manager jobs in Portland, OR are:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Portland, OR as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $118,306 per year, or $56.9 per hour.

Operational Risk & Controls Advisor (Energy Supply Management)

PacifiCorp

Portland, OR • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 hours ago

PacifiCorp rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

POWER YOUR GREATNESS
PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability inclusion & belonging.
General Purpose
Lead the operational risk and controls program for PacifiCorp's Energy Supply Management organization, partnering across trading, market operations, transmission, settlements, forecasting, and support functions to strengthen governance, improve business processes, and support participation in CAISO's Extended Day-Ahead Market (EDAM).
Responsibilities
  • Develop, maintain, and continuously improve the ESM operational controls framework to identify, assess, mitigate, and monitor operational risk across ESM activities.
  • Partner with ESM leadership, subject matter experts, process owners, and consultants to understand business processes, systems, and decision-making workflows, and collaboratively design practical solutions that strengthen controls, improve efficiency, and reduce operational risk.
  • Lead cross-functional initiatives, working with Grid Operations, Transmission Services, Settlements, Metering, and other functions to identify control gaps, process inefficiencies, key-person dependencies, and operational vulnerabilities, implementing sustainable improvements and corrective actions that enhance organizational resilience.
  • Build trusted relationships across ESM and related organizations, facilitating constructive dialogue, shared ownership, and stakeholder engagement to successfully implement process and control enhancements in a complex operational environment.
  • Lead change management activities associated with process, technology, and control improvements, helping teams adopt and sustain new ways of working while balancing operational, regulatory, and business objectives.
  • Establish and maintain metrics, monitoring, and reporting to assess process performance, evaluate control effectiveness, identify emerging risks, and provide meaningful insight to ESM leadership and audit and governance functions.
  • Collaborate with Risk Management, Compliance, Finance, Internal Audit, Information Technology, and operational teams to support governance requirements, regulatory compliance, and operational excellence.
  • Document and maintain ESM processes, controls, and procedures; support regulatory proceedings through testimony, filings, and subject matter expertise.
  • Serve as a trusted advisor on operational risk, governance, and process effectiveness.

Requirements
  • Bachelor's degree in Accounting, Operations Management, Business Management, Engineering, Business Finance or a related field; or the equivalent combination of education and experience.
  • A minimum of 8 years of experience with process and operation control with a preference for utility and/or regulatory experience.
  • Proficient with the use of personal computers including spreadsheet, database, word processing, and presentation applications to gather, analyze, and model information.
  • Teamwork skills to negotiate with and influence peers and management on policy and strategic issues.
  • Excellent written and verbal communication and interpersonal skills
  • Ability to work with all levels of an organization including people with different styles and backgrounds.
  • Proven problem-solving skills.
  • Demonstrated ability to quickly and independently learn complex concepts. and systems

Preferences
  • Experience in a trading, transmission or market operations, or settlements role at an electric utility.
  • Experience with Power Costs, Inc. ("PCI") software and system implementations.
  • Experience with Endur energy trading and risk management software and system implementations.
  • Experience with MCG Energy Software ("MCG") interchange management software and system implementations.
  • Experience with OATI transmission management software.
  • Experience with YesEnergy SettleCore settlements software.
  • Experience with transforming manual processes through automation and creating automated alerts, monitoring, or dashboards for increased operational visibility.

Benefits
At PacifiCorp, we understand that living a healthy lifestyle isn't just about your physical health - your mental, financial, and social wellbeing also play an important role. That's why we offer a wide range of benefits designed to help you live a more balanced lifestyle.
Our benefits include:
  • Medical, dental, and vision insurance
  • 401k with match fixed contributions, including a Roth and saving option. For union employees, matching contributions vary by union. For nonunion, PacifiCorp makes a fixed contribution equal to 4% of your eligible pay each year for new hires. In addition, PacifiCorp matches 100% of the first 6% you contribute.
  • Life insurance
  • Additional voluntary benefits, including pet insurance
  • Tuition Assistance
  • Mass Transit Pass for employees in our Portland and Salt Lake City Offices.

Work Life Balance
  • Generous Paid Time Off (PTO) - Time off varies by employee type (Union or Non-Union)
  • Paid short-term disability leave and long-term disability insurance
  • Paid Parental Leave
  • Paid Bereavement Leave
  • Employee Assistance Program supporting mental and emotional wellbeing

For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US
Additional Information
Req Id: 114766
Company Code: PACIFICORP #PM25
Primary Location: PORTLAND 100% ONSITE
Department: CFO
Schedule: Full Time
Personnel Subarea: Exempt
Hiring Range: 117,400 - 161,370
Employees must be able to perform the essential functions of the position with or without an accommodation.
PacifiCorp is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, medical condition, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.
Unless otherwise required by law, all offers of employment are contingent upon the successful completion of a background check and drug screening including for marijuana. While marijuana is legal in several states, including Oregon, a positive test for positions in Oregon may disqualify a candidate. The company complies with the laws of Washington and California and only obtains and considers positive tests for marijuana in safety-sensitive positions or those covered by U.S. Department of Transportation regulations.

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