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

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 ...

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 ...

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 ...

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 ...

Lead Forward Deployed Engineer - AWS

Sacramento, CA · On-site

$109K - $144K/yr

Apply architecture decisions that balance quality, safety, latency, cost, and model risk. * Deliver ... prompt management * Experience with SageMaker fine-tuning (SFT and RFT) for domain SLMs

Showing results 41-60

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.

What are popular job titles related to Model Risk Manager jobs in Sacramento, CA?

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:

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 ADJUSTMENT FACTOR SPECIALIST (2566)

Vivant Health

Sacramento, CA • On-site

$70 - $100/hr

Other

Re-posted 22 days ago


Job description

Job Summary

The Risk Adjustment Factor (RAF) Specialist supports Vivant’s risk adjustment initiatives within the IPA’s Medicare Advantage line of business. This role ensures accurate and complete documentation and coding of diagnoses to optimize member Risk Adjustment Factor (RAF) scores, supporting quality patient care and accurate reimbursement under CMS guidelines. The RAF Specialist collaborates closely with providers, coders, and care management teams to identify opportunities for RAF improvement through education, chart reviews, and data analysis.

Responsibilities
  • Review and analyze clinical documentation and diagnosis coding to ensure compliance with CMS-HCC (Hierarchical Condition Category) guidelines.
  • Monitor and report RAF score trends across assigned providers, physician groups, and Medicare populations.
  • Conduct retrospective and prospective chart reviews to identify coding gaps, suspected conditions, and missed opportunities.
  • Partner with provider offices to ensure accurate submission of encounter data and supplemental claims.
  • Work collaboratively with health plan and IPA coding teams to reconcile risk score discrepancies and validate data accuracy.
  • Support provider education programs on compliant documentation and coding practices (HCC, ICD‑10, and CMS Risk Adjustment methodology).
  • Compile RAF performance dashboards and support audit and reconciliation processes related to Medicare risk adjustment.
  • Participate in outreach campaigns to ensure timely completion of annual wellness visits and other risk‑capture opportunities.
  • Stay current with CMS updates, HCC model changes, and risk adjustment regulatory requirements.
  • Assist in developing workflow improvements for documentation, coding, and data submission.
  • Perform related duties consistent with the scope and intent of the position.
  • Regular attendance.
Other Functions
  • Enforces Company policies and safety procedures.
  • Regularly updates job knowledge by participating in educational opportunities, reading professional publications, maintaining professional networks, and participating in professional organizations.
  • Maintain IPA, Health Plan compliance standards.
Competencies
  • Minimum of 2–3 years of experience in Risk Adjustment, HCC coding, or Medicare Advantage operations.
  • 2-3 years of Independent Physician Association (IPA) or health plan environment preferred.
  • Cozeva experience preferred.
  • Strong knowledge of ICD-10, HCC risk adjustment models, CMS guidelines, and Medicare Advantage programs.
  • Proficiency in EMR/EHR systems, risk adjustment analytics platforms, and Microsoft Office Suite (Excel, Power BI preferred).
  • Ability to analyze data, identify trends, and develop actionable insights.
  • Excellent communication, both oral and written, and interpersonal skills for provider education and collaboration.
  • Excellent attention to detail and ability to document information accurately.
  • Excellent active listening skills.
  • Ability to solve mid-level problems with minimal supervision.
  • Ability to multi-task, exercise excellent time management, and meet multiple deadlines.
  • Ability to provide and receive constructive job and/or industry‑related feedback.
  • Ability to maintain confidentiality and appropriately share information on a need‑to‑know basis.
  • Ability to exercise sound discretion and strict maintenance of confidentiality of all confidential and sensitive communications and information.
  • Ability to consistently deliver excellent customer service.
  • Self‑motivated with strong organizational, multi‑tasking, planning, and follow‑up skills.
  • Ability to work independently as well as in a team environment.
  • Ability to present self in a professional manner and represent the Company image.
  • Ability to effectively and positively work in a dynamic, fast‑paced team environment and achieve objectives.
  • Demonstrate commitment to the organization’s mission.
  • Typing speed of 40 wpm or more is a plus.
  • Must have the ability to quickly learn and use new software tools.
  • Must have mid‑level skills using e‑mail applications.
Education and Certification
  • High School Diploma or GED required.
  • Associate’s or Bachelor’s degree in Health Information Management, Health Administration, Nursing, or related field preferred.
  • Certified Professional Coder (CPC), Certified Risk Adjustment Coder (CRC), or equivalent credential required.
  • Must have an active and unrestricted California Driver’s license.
  • Must have auto insurance and reliable transportation.
Travel

Incumbent may travel up to 25% of time.

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