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Model Risk Manager Jobs in St Louis, MO (NOW HIRING)

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Model Risk Manager information

See St Louis, MO salary details

$50.1K

$108.5K

$165.3K

How much do model risk manager jobs pay per year?

As of Jun 16, 2026, the average yearly pay for model risk manager in St Louis, MO is $108,458.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,500.00 and $125,400.00 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 St Louis, MO? For Model Risk Manager jobs in St Louis, MO, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in St Louis, MO look for? The top searched job categories for Model Risk Manager jobs in St Louis, MO are:
What cities near St Louis, MO are hiring for Model Risk Manager jobs? Cities near St Louis, MO with the most Model Risk Manager job openings:
Contract and Risk Manager

Contract and Risk Manager

Guarantee Electrical

Saint Louis, MO • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Job description

We are seeking a Contract and Risk Manager that serves as a critical member of the Risk and External Affairs team, reporting directly to the Chief Legal and Risk Officer. This role is responsible for comprehensive contract analysis, risk assessment, and mitigation strategies to protect the organization's interests while supporting business growth objectives. The position combines legal acumen with construction industry knowledge to ensure all contractual commitments align with our risk tolerance and operational capabilities.

*We are seeking to fill either the Contracts Counsel or Contract & Risk Manager role.

Why Guarantee?

Benefits, Compensation, Community Involvement and Employee Appreciation

Each member of the Guarantee team is essential to building our successful future. Guarantee offers a rewarding career path, a competitive salary, and excellent benefits package.

This includes an Employee Stock Ownership Plan (ESOP), which is 100% company funded and employee owned. We own it! As employee-owners, we work with and for each other. We share a commitment to excellence and know that our efforts deliver exceptional results.

We offer robust benefits with salary based on knowledge and experience. Employees are also eligible for annual discretionary bonuses.

We offer a benefits package including medical, dental, vision, accidental, critical illness, life and disability insurances, PTO, and a matching 401K plan.

Our GECO Gives program highlights our mission to give back to our communities through community outreach, philanthropy and volunteering. Some of our favorites being Pedal the Cause, KIDstruction, Big Brothers Big Sisters and more!

Key Responsibilities

Contract Analysis and Review

  • Conduct thorough review of identified construction contracts, subcontracts, and related agreements
  • Identify and analyze contractual risks including liability exposure, payment terms, insurance requirements, and performance obligations
  • Review contract language for compliance with company standards, insurance requirements, and risk management policies
  • Assess indemnification clauses, limitation of liability provisions, and dispute resolution mechanisms
  • Evaluate change order procedures, payment schedules, and completion requirements
  • Collaborate with legal counsel on complex contract terms and non-standard provisions

Risk Assessment and Documentation

  • Prepare detailed risk analysis reports for contracts identified for review
  • Quantify potential financial exposure and recommend appropriate risk mitigation strategies
  • Document risk findings and recommendations in standardized reporting formats
  • Maintain comprehensive database of contract terms, risk assessments, and approval decisions
  • Track contract amendments, modifications, and their impact on risk profile
  • Prepare contract playbooks for project management
  • Monitor industry trends in contract language and risk allocation practices

Stakeholder Collaboration

  • Work closely with preconstruction, project management, and operations teams during contract negotiations as needed
  • Provide risk guidance to project teams throughout the contract lifecycle
  • Support the CLRO in developing contract risk management policies and procedures
  • Collaborate with insurance and legal teams to ensure proper risk transfer mechanisms
  • Communicate risk findings clearly to both technical and non-technical stakeholders

Process Improvement and Training

  • Develop and maintain contract review templates, checklists, and standard operating procedures
  • Create training materials on contract risk identification for project teams
  • Recommend improvements to contract negotiation strategies based on risk analysis findings
  • Support development of company standard contract language and preferred terms
  • Assist in creating risk management training programs for field personnel and project managers

Modeling Our Guarantees

As a member of the Risk and External Affairs team, the Risk Analyst exemplifies our organizational guarantees through:

Lessons Learned: Continuously analyzes contract outcomes and risk events to improve future contract negotiation strategies. Models our Culture of Honesty by providing transparent risk assessments and clear communication about potential contractual challenges.

Integration: Coordinates closely with legal, operations, business development, and project management teams to ensure seamless contract review processes. Builds our Culture of Collaboration by breaking down silos between risk management and operational execution.

High Risk Management: Leverages detailed contract analysis and industry experience to identify and mitigate potential risks before they impact projects. Demonstrates our Culture of Wisdom by applying lessons learned from previous contracts to current risk assessments.

Data Driven Decisions: Utilizes comprehensive contract databases, risk metrics, and analytical tools to inform contract recommendations. Instills our Culture of Intelligence by ensuring all contract decisions are supported by thorough analysis and documentation.

Leadership Development: Grows professional capabilities through exposure to complex contract negotiations and risk scenarios. Cultivates our Culture of Leadership by taking ownership of contract risk outcomes and developing expertise that benefits the entire organization.

Required Qualifications

  • Bachelor's degree in Business, Risk Management, Construction Management, Legal Studies, or related field
  • 2-5 years of experience in contract administration, risk management, or construction industry
  • Strong analytical and problem-solving skills with attention to detail
  • Excellent written and verbal communication skills
  • Proficiency in Microsoft Office Suite, particularly Excel and database management
  • Understanding of construction industry practices, terminology, and project delivery methods
  • Knowledge of insurance principles and risk transfer mechanisms
  • Ability to read and interpret complex legal and technical documents

Preferred Qualifications

  • Paralegal certificate or legal studies background
  • Experience with construction contracts
  • Familiarity with electrical contracting or specialty trades
  • Risk management or insurance industry experience
  • Professional certifications in contract management (CCCM, CFCM) or risk management
  • Experience with contract management software systems
  • Knowledge of construction law and common industry legal issues

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. For more information about Guarantee Electrical Company, please visit www.geco.com