ZipRecruiter

Log In

1

Model Risk Manager Jobs in San Diego, CA (NOW HIRING)

Calpine

Risk Analyst

San Diego, CA · On-site

$70K - $88K/yr

Basic understanding of commodity trading and economic modeling along with power and gas physical deal valuations * Some experience with Energy Trading and Risk Management Systems such as Allegro ...

Calpine

Risk Analyst

San Diego, CA · On-site

$70K - $88K/yr

Basic understanding of commodity trading and economic modeling along with power and gas physical deal valuations * Some experience with Energy Trading and Risk Management Systems such as Allegro ...

AppFolio

Director, Enterprise Risk

San Diego, CA · On-site

$184K - $230K/yr

... model and OKRs. Qualifications * Extensive experience in enterprise risk management, GRC, internal audit, or a closely related second-line function, including maturing or scaling an ERM program. * A ...

AppFolio

Director, Enterprise Risk

San Diego, CA · On-site

... model and OKRs. Qualifications * Extensive experience in enterprise risk management, GRC, internal audit, or a closely related second-line function, including maturing or scaling an ERM program. * A ...

AppFolio, Inc.

Director, Enterprise Risk

San Diego, CA

$184K - $230K/yr

... model and OKRs. Qualifications * Extensive experience in enterprise risk management, GRC, internal audit, or a closely related second-line function, including maturing or scaling an ERM program. * A ...

AppFolio, Inc

Director, Enterprise Risk

San Diego, CA · On-site

$184 - $230/hr

... model and OKRs. Qualifications Extensive experience in enterprise risk management, GRC, internal audit, or a closely related second-line function, including maturing or scaling an ERM program. A ...

Vuori, Inc

Risk & Insurance Analyst

Carlsbad, CA · On-site

The Risk and Insurance Analyst support Vuori's risk management function by combining hands-on ... modeling, data visualization) * Excellent organizational skills with the ability to manage multiple ...

previous pagenext page

Showing results 21-40

All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in San Diego, CA

Model Risk Manager information

See San Diego, CA salary details

$54.7K

$118.4K

$180.5K

How much do model risk manager jobs pay per year?

As of Sep 2, 2026, the average yearly pay for model risk manager in San Diego, CA is $118,436.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,600.00 and $137,000.00 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 San Diego, CA?

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

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

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

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

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

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in San Diego, CA as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $118,440 per year, or $56.9 per hour.

Risk Analyst

Calpine

San Diego, CA • On-site

$70K - $88K/yr

Full-time

Re-posted 23 days ago

Calpine rating

8.7

Company rating: 8.7 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

Job description

Calpine, a business unit of Constellation Energy Corporation (Nasdaq: CEG), is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately 27,000 MW of electricity - enough to power approximately 27 million homes. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Job Summary (includes but is not limited to the following, other duties may be assigned)
The Risk Analyst plays a critical role within Calpine Energy Solutions' risk management functions. This position provides independent oversight of commodity exposures, valuation, and P&L while partnering closely with front, middle, and back office teams. The role emphasizes strong analytic discipline, system expertise, and continuous improvement through process automation and enhancing business transparency.
This position supports power and gas retail and wholesale activities by ensuring accurate deal capture, valuation, exposure reporting, and management information to enable informed commercial and risk decisions.
Job Responsibilities
  • Perform daily reporting to portfolio managers and management summarizing positions and MtM P&L.
  • Provide independent analysis and reporting of commodity positions and market price exposures to ensure compliance with company policy/guidelines and alignment with management risk appetite.
  • Identify market/reporting/operational risks and proactively escalate issues with clear analysis and recommended actions.
  • Perform daily reconciliation, verification and validation of all trading and pricing activities, as represented in the Energy Trading Risk Management Systems (ETRM).
  • Research and understand the portfolio's risks.
  • Evaluate structured deals to ensure accurate deal capture and compare valuations from ETRM systems with front office expectations (risk summaries).
  • Serve as a key risk partner on structured and non standard transactions, ensuring all economic components are properly captured, valued, and reported.
  • Prepare structured deal reconciliations between initial deal evaluations, and accounting outcomes to confirm reporting accuracy.
  • Involvement in development of new reports.
  • Coordinate P&L actualization with settlement and operations groups.
  • Ensure integrity of P&L by coordinating with trading, settlements, scheduling, and operations teams across the transaction lifecycle.
  • Prepare detailed monthly reporting to facilitate accounting processes.
  • Act as a subject matter expert (superuser) for Calpine's trading and risk management systems (e.g., Allegro), supporting accurate deal capture, valuation, and reporting.

Job Requirements
  • Bachelor's degree is required; preferably in Finance, Economics, Business, Risk Management, or a related quantitative field.
  • Ability to learn and become proficient with Microsoft Dynamics CRM
  • Minimum of 2 years' experience; preferably in energy industry.
  • Highly desirable to have some experience with commodity or financial transaction valuation and forward reporting
  • Ability to communicate effectively in both written and verbal communications
  • Strong attention to detail, analytical rigor, and problem solving skills
  • Strong desktop computer skills with the most important being Excel then Word and to a lesser extent PowerPoint and Visio
  • Understanding of mark to market concepts
  • Some experience with data analysis and reporting tools such as Power BI, VBA, SQL, Python, Power Automate, or similar is highly desirable
  • Basic knowledge of Gas Storage and Transportation
  • Basic knowledge of renewable energy
  • Basic understanding of commodity trading and economic modeling along with power and gas physical deal valuations
  • Some experience with Energy Trading and Risk Management Systems such as Allegro, Endur, etc.
  • Ability to work both independently and in a team environment

Salary Range
$70,304 - $88,400
Additional Calpine Information:
  • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
  • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
    Please view Equal Employment Opportunity Posters provided by OFCCP here

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

What Calpine employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply