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

Cesna Group

Risk Analyst

Irvine, CA · On-site

$50K - $100K/yr

... for managing the book of business, for the month/year-end closing. * - Sorting claim data and ... modeling to analyze claim trends. * - Perform additional duties as assigned by the company ...

PNC Bank

Branch Manager

Menifee, CA · On-site

Models PNC values by cultivating and supporting an inclusive workplace. * Manages operational, human capital, reputational and business risk. Exercises leadership, authority and sound decision making ...

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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 May 30, 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 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 Riverside, CA? For Model Risk Manager jobs in Riverside, CA, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Riverside, CA look for? The top searched job categories for Model Risk Manager jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Model Risk Manager jobs? Cities near Riverside, CA with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Risk Management - Key Relationship Group - Lead Credit Officer

Risk Management - Key Relationship Group - Lead Credit Officer

JP Morgan Chase

Irvine, CA • On-site

Full-time

Medical, Retirement

Posted 10 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 467 frontline employees who took The Breakroom Quiz

45th 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 Risk Management - Key Relationship Group - Lead Credit Officer in Risk Management, you will be part of a team that performs independent technical and specialized analysis of Commercial Real Estate relationships, involving complex and larger size portfolios of $35MM+ of debt collateralized primarily by stabilized apartment complexes. 

Job Responsibilities

  • Perform complex real estate based financial analysis, identifying risks, and interpreting data for management's use in rendering sound credit decisions.  Analysis is based on property operating statements, rent rolls, client's financial balance sheet, schedule of real estate owned and verification of deposit statements and understanding of current market conditions and the implication on overall portfolio.
  • Complete credit actions (annual family credit reviews) which summarizes the financial analysis completed on a client's portfolio, including recommendations for future business.
  • Analyze troubled loans, including quarterly reporting to top management.
  • Actively contribute to special assignments, including the evaluation of income property loan portfolios, training less experienced credit officer/analyst or division employees, and updating credit policies.
  • Formulate new analytical processes and enhancing existing reports to improve the quality of information available to top management.
  • Establish and maintain effective relationships with internal and external clients.
     

Required Qualifications, Capabilities and Skills

  • Bachelor's Degree or equivalent experience.
  • Previous 7+ experience in credit analysis and review of commercial real estate loans, risk assessment, real estate lending in financing, credit review and analysis loan review and/or loan workouts.
  • Deep understanding of Commercial Real Estate valuation concepts and methodologies. Extensive working experience with historical property cash flow analysis.
  • Strong organizational and timemanagement skills - ability to multitask, prioritize, and work with others in an integrated way to achieve individual objectives and team results.
  • Excellent written and verbal communication skills.
  • Proficiency in Microsoft desktop tools including Word, Excel, Power Point and the ability to quickly acclimate 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 or 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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