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

Cordoba Corporation

Risk Cost Analyst

Sacramento, CA · On-site

$70K - $110K/yr

... cost modeling and scenario analysis * Assist in integrating risk findings into cost estimates ... Familiarity with risk management and cost analysis concepts * Strong organizational, communication ...

Cordoba Corporation

Risk Cost Analyst

Sacramento, CA · Hybrid

$70K - $110K/yr

... cost modeling and scenario analysis * Assist in integrating risk findings into cost estimates ... Familiarity with risk management and cost analysis concepts * Strong organizational, communication ...

Cordoba Corporation

Risk Cost Analyst

Sacramento, CA · Hybrid

$70K - $110K/yr

... cost modeling and scenario analysis * Assist in integrating risk findings into cost estimates ... Familiarity with risk management and cost analysis concepts * Strong organizational, communication ...

Munich Re

Sr. Solution Architect

Elk Grove, CA · On-site

Ensure responsible and compliant AI adoption, aligned with AI governance, model risk management, data privacy, and security controls . * Guide the integration of AI/ML capabilities into analytics ...

Luster National

Cost Analyst (w/Risk Focus)

Sacramento, CA · On-site

$43 - $60/hr

You'll sit inside the owner's risk and cost management function, pulling data from contractors and consultants, building cost and scenario models, and turning that work into the risk and contingency ...

Luster National

Cost Analyst (w/Risk Focus)

Sacramento, CA · On-site

$43 - $60/hr

You'll sit inside the owner's risk and cost management function, pulling data from contractors and consultants, building cost and scenario models, and turning that work into the risk and contingency ...

WellSpace Health

Be Seen First

Performance and Compliance Auditor

Sacramento, CA · On-site

$95K - $108K/yr

Compliance and Operational Risk Manager Secondary: VP of Compliance and Risk Management Status ... As the region's largest Community Health System, WellSpace utilizes a Confluence Model to integrate ...

Deloitte

Anaplan Senior Manager

Sacramento, CA · On-site

Anaplan Level 2 Model Builder or higher; OneStream or Oracle EPM certifications * 5+ years ... Managing project activities, deliverables, timelines, and stakeholder expectations across ...

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

Model Risk Manager information

See Sacramento, CA salary details

$54.9K

$119K

$181.3K

How much do model risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for model risk manager in Sacramento, CA is $118,954.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,000.00 and $137,600.00 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.

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For Model Risk Manager jobs in Sacramento, CA, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Sacramento, CA look for?

The top searched job categories for Model Risk Manager jobs in Sacramento, CA are:

What cities near Sacramento, CA are hiring for Model Risk Manager jobs?

Cities near Sacramento, CA with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Sacramento, CA as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $121,509 per year, or $58.4 per hour.

Risk Cost Analyst

Cordoba Corporation

Sacramento, CA • On-site

$70K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 13 days ago

Job description

Overview
Cordoba Corporation is a leading engineering and design firm based in California. We are seeking a Risk Cost Analyst to join our Transportation Sector. The Risk Cost Analyst role is part of the Project Controls and Project Financial team, supporting the program's risk and cost management activities. This position is responsible for gathering data, conducting risk and cost analyses, preparing reports, and maintaining documentation to help ensure risks and related costs are effectively tracked, evaluated, and managed.
Responsibilities
  • Assist in gathering data for risk and cost assessments across project processes
  • Support the monitoring of project cost drivers, market factors, and external conditions that may affect budgets and risk exposure
  • Perform preliminary analyses using established qualitative and quantitative methods, including cost modeling and scenario analysis
  • Assist in integrating risk findings into cost estimates, forecasts, and contingency planning efforts
  • Support the development and tracking of risk mitigation strategies in collaboration with project controls, estimating, and scheduling teams
  • Prepare draft reports, presentations, and summaries for review by senior risk and cost analysts
  • Maintain organized and up-to-date records of risk registers, cost assessments, and supporting documentation
  • Provide general administrative and analytical support to ensure consistency and accuracy in the risk and cost management processes

Qualifications
  • Bachelor's degree in Finance, Business, Construction Management, Engineering, or related field plus 3-5 years of experience in risk, cost, or project support roles
  • Familiarity with risk management and cost analysis concepts
  • Strong organizational, communication, and analytical skills
  • Ability to work collaboratively with cross-functional teams and follow established procedures

Preferred Qualification/Certifications/Licensures:
  • Experience supporting large-scale projects or infrastructure programs
  • Familiarity with risk and cost management tools (e.g., Excel, @Risk, Primavera Risk Analysis)
  • Ability to manage multiple tasks, prioritize work, and meet deadlines

Salary Range: $70,000 to $110,000 per year
Location: Sacramento, CA
Work Environment: Hybrid (75% onsite / 25% hybrid)
Our Company
Cordoba Corporation, Making a Difference
Cordoba Corporation is a leading civil engineering, construction management, program management, and planning firm. Our expertise spans diverse sectors, including education and facilities, transportation, water, and energy. Collaborating closely with our clients, we have successfully delivered complex and high-impact infrastructure projects across California.
National Recognition - Cordoba's efforts have garnered national acclaim. Engineering News-Record (ENR) has consistently ranked us as a "top 100 construction management firm" and a "top 50 program management firm." Additionally, ENR recognized Cordoba as a "top 100 design firm" in California in 2018. Our business model emphasizes efficiency, fostering a dynamic work environment. We approach projects with multifaceted strategies, ensuring successful outcomes.
Statewide Presence - With headquarters in Los Angeles, Cordoba maintains a strong statewide presence. Our offices extend to San Francisco, Sacramento, San Ramon, Chatsworth, Santa Ana, Ontario, and San Diego.
Enhancing Employee Well-Being
Benefits and Perks: We offer multiple medical and dental insurance plans, as well as vision insurance. Plans are subsidized for both employees and dependents with coverage effective the first month after hire. Additionally, Cordoba provides employees with paid AD&D and life insurance, a 401k with an industry leading employer match, generous vacation and sick leave accruals, 9 paid holidays, and other forms of paid time off. We also offer flexible spending accounts (FSA's) including medical care reimbursement, dependent care reimbursement, and commuter benefit plans. Employees are also eligible for our employee assistance program and well-being benefits that include stress management, nutrition, and financial well-being.
Cordoba Corporation provides equal employment opportunities, promoting diversity and inclusion. We welcome applicants regardless of race, color, religion, sex, national origin, age, disability, or genetics.
Harassment-Free Workplace: We strictly prohibit workplace harassment based on any factor, including race, gender, sexual orientation, or disability. Cordoba is committed to fostering a healthy and happy lifestyle for our employees, both within and beyond the workplace.
For inquiries or accommodations, please contact our HR Department at: (213) 895-0224.
Join Cordoba Corporation and be part of shaping California's future!
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