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Model Risk Manager Jobs in Raleigh, NC (NOW HIRING)

Support model risk management processes, including documentation, validation, and lifecycle monitoring. * Recommend mitigation strategies and track remediation progress 3. CrossFunctional ...

Own and support model risk management governance for AI products and internal AI tools, ensuring consistent oversight, documentation, and reporting. * Provide regular updates and insights to senior ...

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Model Risk Manager information

See Raleigh, NC salary details

$44.2K

$95.8K

$146K

How much do model risk manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for model risk manager in Raleigh, NC is $95,804.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $110,800.00 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 are popular job titles related to Model Risk Manager jobs in Raleigh, NC? For Model Risk Manager jobs in Raleigh, NC, the most frequently searched job titles are:
What cities near Raleigh, NC are hiring for Model Risk Manager jobs? Cities near Raleigh, NC with the most Model Risk Manager job openings:

(Senior) Management Consultant in Finance and Risk

Implement Consulting Group

Raleigh, NC

$113K/yr

Full-time

Re-posted 13 days ago


Job description

Job Description

Are you driven by strengthening finance and risk functions that enable organizations to perform and transform?

As we expand our U.S. presence, Implement Consulting Group is looking for a Senior Management Consultant with prior experience at a reputable management consultancy to help grow our Finance & Risk practice in Raleigh.

This role combines strategic advisory, transformation leadership, and entrepreneurial influence in a collaborative, non-hierarchical environment.

Your Impact

You will lead and deliver high-impact Finance & Risk engagements, advising CFOs, CROs, and senior leaders across industries.

Your focus areas may include:

  • Finance transformation and target operating models

  • Risk management frameworks and governance structures

  • Performance management and controlling concepts

  • Regulatory and compliance initiatives

  • Financial planning, cost optimization, and capital management

  • Finance systems and reporting transformation

Beyond delivery, you will:

  • Build trusted senior client relationships

  • Contribute to business development and practice growth

  • Coach and develop consultants

  • Facilitate executive workshops and steer complex stakeholder landscapes

We work from strategy through implementation - ensuring lasting results.

What You Bring

  • Several years of experience from a reputable management consultancy

  • Expertise in Finance, Risk, or Regulatory Transformation

  • A proven track record of leading complex programs

  • Experience advising senior finance and risk stakeholders

  • An entrepreneurial mindset and appetite to help build a growing practice

Requirements:

  • Master's degree (preferred) or bachelor's degree with outstanding academic results

  • Authorization to work in the U.S.

  • Willingness to complete a comprehensive background check

What We Offer

At Implement, culture is how we create results. We operate with freedom and ownership, collaborate without hierarchy, and focus on long-term impact over short-term gains.

You can expect:

  • High autonomy and meaningful influence

  • Direct exposure to C-level decision-makers

  • Strong professional development

  • A collaborative, down-to-earth culture

  • An opportunity to shape our continued U.S. growth journey

If you are motivated by combining financial rigor with real transformation impact, we would love to hear from you.

All information will be kept confidential in accordance with EEO guidelines.