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

Aurora Innovation

Assistant Risk Manager

San Francisco, CA · On-site

$147K - $236K/yr

Quantitative Risk Modeling: Oversee the development and validation of sophisticated risk models ... Claims Management & Advocacy: Direct the investigation and management of high-exposure insurance ...

Thunes

Fraud Risk Manager

San Francisco, CA

Role Context We are seeking an experienced Fraud Risk Manager to lead the development and execution ... Implement and refine fraud detection models using transaction data, user behavior, device ...

Asana

Security Risk Manager

San Francisco, CA · Hybrid

$194K - $220K/yr

As the Security Risk Manager, you will own Asana's internal security risk management program end-to ... Hands-on experience with quantitative risk methodologies such as FAIR, risk scoring models, or ...

Thunes

Fraud Risk Manager

San Francisco, CA · On-site

Role Context We are seeking an experienced Fraud Risk Manager to lead the development and execution ... Implement and refine fraud detection models using transaction data, user behavior, device ...

Asana

Security Risk Manager

San Francisco, CA · On-site

$194K - $220K/yr

As the Security Risk Manager, you will own Asana's internal security risk management program end-to ... Hands-on experience with quantitative risk methodologies such as FAIR, risk scoring models, or ...

Intuit

Manager 3, Credit Risk

Mountain View, CA · On-site

Partner with Data Science to prioritize and shape credit models and decision systems * Translate ... Establish best practices in credit risk management, experimentation, and governance * Foster a ...

Intuit

Manager 3, Credit Risk

Mountain View, CA

Partner with Data Science to prioritize and shape credit models and decision systems * Translate ... Establish best practices in credit risk management, experimentation, and governance * Foster a ...

Intuit

Manager 3, Credit Risk

Mountain View, CA

Partner with Data Science to prioritize and shape credit models and decision systems * Translate ... Establish best practices in credit risk management, experimentation, and governance * Foster a ...

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

Model Risk Manager information

See San Jose, CA salary details

$60.5K

$131K

$199.7K

How much do model risk manager jobs pay per year?

As of Jul 27, 2026, the average yearly pay for model risk manager in San Jose, CA is $131,014.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,700.00 and $151,500.00 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 San Jose, CA? For Model Risk Manager jobs in San Jose, CA, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in San Jose, CA look for? The top searched job categories for Model Risk Manager jobs in San Jose, CA are:
What cities near San Jose, CA are hiring for Model Risk Manager jobs? Cities near San Jose, CA with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Assistant Risk Manager

Assistant Risk Manager

Aurora Innovation

San Francisco, CA

$147K - $236K/yr

Other

Posted 10 days ago

Job description

What we are looking for

Aurora hires talented people with diverse backgrounds who are ready to help build a transportation ecosystem that will make our roads safer, get crucial goods where they need to go, and make mobility more efficient and accessible for all. We're searching for a Assistant Risk Manager. Reporting to the Sr. Director, Business Risk & Insurance, the Assistant Risk Manager (Insurance Focus) is responsible for the strategic oversight and tactical execution of Aurora's corporate insurance programs. This role serves as a critical lead in identifying, assessing, and mitigating operational and financial risk exposures to safeguard company assets and ensure long-term stability. The Manager will drive the policy renewal process, manage complex claims portfolios, and leverage advanced quantitative models to optimize risk financing strategies.

In this role, you will

  • Insurance Strategy & Program Management: Lead the comprehensive life cycle of corporate insurance placements (e.g., General Liability, Property, Auto, Workers' Compensation, and D&O), including strategy development, broker management, and premium negotiation.
  • Quantitative Risk Modeling: Oversee the development and validation of sophisticated risk models-including exposure analysis, catastrophe modeling, and loss data statistics-to drive data-backed decisions on risk retention and transfer.
  • Risk Assessment & Identification: Conduct regular enterprise-wide operational audits to identify emerging risks, performing detailed financial projections to recommend optimized risk control solutions.
  • Claims Management & Advocacy: Direct the investigation and management of high-exposure insurance claims, acting as the primary advocate for the company in negotiations with brokers and carriers to ensure favorable settlements.
  • Corporate Compliance & Governance: Develop, maintain, and audit the corporate Risk Management Manual, ensuring all procedures comply with evolving safety regulations and internal governance standards.
  • Strategic Stakeholder Collaboration: Partner with executive leadership across Legal, Finance, and Operations to align risk strategies with commercial milestones and promote enterprise-wide loss prevention initiatives.
  • AI Integration for Risk: Pioneer the use of AI-driven tools and agentic workflows to accelerate claims processing, automate routine risk reporting, and improve the accuracy of predictive cost modeling.

Required Qualifications

  • Bachelor's degree in Risk Management, Finance, Business, or a related quantitative field.
  • Minimum 8+ years of progressive experience in corporate risk management, insurance brokerage, or underwriting. 
  • Advanced mastery of insurance principles, complex policy language, and alternative risk financing structures (e.g., captives or large deductible programs).
  • Expert proficiency in Risk Management Information Systems (RMIS) and advanced data visualization tools. Demonstrable ability to create and interpret complex financial models. 
  • Strong track record of successfully negotiating with major global insurers and communicating high-level risk concepts to executive stakeholders.

Desirable Qualifications 

  • Knowledge of Python, SQL, or AI-powered analytical platforms. 
  • Professional designations such as CRM (Certified Risk Manager), ARM (Associate in Risk Management), or CPCU (Chartered Property Casualty Underwriter).
  • Prior experience in the Autonomous Vehicle (AV), technology, or logistics/trucking sectors is highly preferred.

The base salary range for this position is $147,000-$236,000 per year.  Aurora's pay ranges are determined by role, level, and location. Within the range, the successful candidate's starting base pay will be determined based on factors including job-related skills, experience, qualifications, relevant education or training, and market conditions. These ranges may be modified in the future. The successful candidate will also be eligible for an annual bonus, equity compensation, and benefits.

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