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Model Risk Manager Jobs in Riverside, CA (NOW HIRING)

Qcells

Director, Compliance Risk

Irvine, CA · On-site

$145K - $195K/yr

Regulatory Risk Management * Oversee enterprise-wide regulatory risk assessments, including ... models and 5+ years of progressive leadership experience with direct people/team management. * Deep ...

Qcells

Director, Compliance Risk

Irvine, CA · On-site +1

$145K - $195K/yr

Regulatory Risk Management * Oversee enterprise-wide regulatory risk assessments, including ... models and 5+ years of progressive leadership experience with direct people/team management. * Deep ...

Hyundai Capital

Sr. Portfolio Risk Associate

Irvine, CA · On-site

$88K - $132K/yr

An in-depth understanding of statistics with some application of modeling and scoring techniques. * A thorough understanding of credit risk principles, portfolio management, FASB accounting standards ...

Hyundai Capital

Sr. Portfolio Risk Associate

Irvine, CA · Hybrid

An in-depth understanding of statistics with some application of modeling and scoring techniques. * A thorough understanding of credit risk principles, portfolio management, FASB accounting standards ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Riverside, CA

Model Risk Manager information

See Riverside, CA salary details

$53.7K

$116.4K

$177.4K

How much do model risk manager jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk manager in Riverside, CA is $116,383.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,900.00 and $134,600.00 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 Riverside, CA? For Model Risk Manager jobs in Riverside, CA, the most frequently searched job titles are:
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Model Risk Manager jobs near you
Risk Management - Credit Officer - Senior Associate

Risk Management - Credit Officer - Senior Associate

JPMorgan Chase & Co

Irvine, CA

Full-time

Medical, Retirement

Posted 11 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 491 frontline employees who took The Breakroom Quiz

58th of 149 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 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. 

As a Senior Associate Credit Officer within the Credit Risk team, you will evaluate and identify risks and interpret data to support management in making well-informed credit decisions on multifamily commercial real estate loan requests. You will operate in a dynamic, high-volume, and fast-paced environment, analyzing loans ranging from $1 million to $25 million+. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship. 

Job Responsibilities: 

  •  Oversee all aspects of credit analysis on loans secured by multifamily and other types of commercial real estate 
  • Evaluate and manage risks in each transaction 
  • Build and maintain strong relationships with internal business stakeholders including sales, processing, closing, and legal 
  • Apply relevant policies, standards, procedures, and regulatory requirements to all credit analysis activities 
  • Apply data analysis techniques to interpret results and provide insights and recommendations to management 
  • Serve as a technical expert in addressing inquiries and resolving system-related issues specific to credit risk analysis and management tools 
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge 
     

Requiredqualifications,capabilities,andskills: 

  • Bachelor's degree in a business or finance concentration 
  • 3 years of experience in commercial real estate lending or 5 years of other banking or finance experience 
  • Thorough understanding of multifamily real estate property valuations and cash flow analysis 
  • Strong financial analysis skills, including evaluating property cash flows, property valuation, and personal financial statements 
  • Ability to manage competing priorities effectively in a collaborative, high volume environment while maintaining  attention to detail 
  • Excellent verbal and written communication and problem-solving skills 
  • Ability to prioritize, plan, and manage processes to complete credit analysis and other assignments as needed 
  • Familiarity with regional commercial real estate markets and municipal regulations 
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems 

Preferred qualifications, capabilities, and skills: 

  • Advanced degree in a related field or real estate coursework 
  • Experience as a loan underwriter in commercial real estate and agency lending (e.g. Fannie Mae or Freddie Mac) 
  • Experience with proprietary credit risk management tools. 
  • Experience with large language model tools

FEDERAL DEPOSIT INSURANCE ACT: This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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