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

Centene

Senior Manager, Medical Loss Ratio

Florissant, MO · On-site +1

... risk, and sponsors continuous improvement initiatives that strengthen data quality, consistency ... Provides oversight of the MLR reporting calendar and delivery model for assigned lines of business ...

BofA Securities

Portfolio Manager

Saint Louis, MO · On-site

Manages and drives success around line of business performance in key operational and high risk ... Models an inclusive environment for employees and clients, aligned to company Great Place to Work ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in St Louis, MO

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 Sep 12, 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 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 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:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in St Louis, MO as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $108,458 per year, or $52.1 per hour.

Risk Management Support Task Lead

Scott Air Force Base, IL • On-site

NexGen Data Systems, Inc.
IT Services • 11 - 50 employees
Learn more about NexGen Data Systems, Inc.external

Other

Medical, Dental, Vision, Retirement, PTO

Posted 2 days ago

New

Job description

NexGen Data Systems is seeking a highly experienced Risk Management Support Task Lead to direct and execute comprehensive cybersecurity engineering and risk management operations for the United States Transportation Command (USTRANSCOM). The scope of this project is to provide comprehensive lifecycle implementation and assessment support for all phases of the DoD Risk Management Program (DoDI 8510.01) and NIST SP 800-37 Risk Management Framework (RMF) across internal enclaves, service networks, and commercial cloud environments.

The Risk Management Support Task Leads functions as a top-level technical contributor and supervisor providing expert support, advanced research, and risk analysis into exceptionally complex problems and system architectures. The Task Lead is responsible for managing on-site deliverables, leading a team of specialized compliance and engineering professionals, and serving as the primary technical interface to the Cybersecurity Assessment Program to deliver highly innovative risk reduction solutions.

Roles & Responsibilities:

  • ·       Manage complex on-site contract deliverables and coordinate directly with the Government functional lead to align team activities with combatant command priorities.
  • ·       Lead the technical execution of the RMF lifecycle across approximately 40 enterprise systems, independently evaluating security controls, tracking categorizations, and finalizing ATO packages.
  • ·       Reconstruct and recommend advanced cybersecurity software tools and assist in the development of tool requirements and product-specific STIGs derived from applicable DISA SRGs.
  • ·       Provide expert Information Systems Security Engineering (ISSE) lifecycle alignment in strict accordance with NIST SP 800-160 Volume I and Volume II trust and cyber resiliency models.
  • ·       Supervise the execution of weekly automated network vulnerability scanning (ACAS), continuous risk dashboard monitoring, and verification against DISA STIG/SRG baselines.
  • ·       Oversee the command’s Information Assurance Vulnerability Management (IAVM) program, managing the distribution of security alerts, tracking macro compliance trends, and processing complex POA&Ms.
  • ·       Serve as the lead technical expert for Software Assurance (SwA) code diagnostics, utilizing automated application scanning tools (such as Fortify) to evaluate source code, tune configurations to eliminate false positives, and publish annual summary analysis logs.
  • ·       Manage Security Control Assessor Representative (SCAR) workflows, performing rapid triage of all RMF-related submissions within strict 7-business-day service level thresholds.
  • ·       Coordinate across the Joint Deployment and Distribution Enterprise (JDDE) to facilitate technical data-sharing, evaluate system reciprocity, and manage DoD Ports, Protocols, and Services Management (PPSM) registries.
  • ·       Provide technical engineering oversight for the deployment of the Cybersecurity Readiness Framework (CRF), executing complex ETL data pipelines and analytics workloads using Databricks, Python, SQL, and Qlik.
  • Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Desired/Required Skills:

NexGen Data Systems is seeking a highly experienced Risk Management Support Task Lead to direct and execute comprehensive cybersecurity engineering and risk management operations for the United States Transportation Command (USTRANSCOM). The scope of this project is to provide comprehensive lifecycle implementation and assessment support for all phases of the DoD Risk Management Program (DoDI 8510.01) and NIST SP 800-37 Risk Management Framework (RMF) across internal enclaves, service networks, and commercial cloud environments.

The Risk Management Support Task Leads functions as a top-level technical contributor and supervisor providing expert support, advanced research, and risk analysis into exceptionally complex problems and system architectures. The Task Lead is responsible for managing on-site deliverables, leading a team of specialized compliance and engineering professionals, and serving as the primary technical interface to the Cybersecurity Assessment Program to deliver highly innovative risk reduction solutions.

Roles & Responsibilities:

  • ·       Manage complex on-site contract deliverables and coordinate directly with the Government functional lead to align team activities with combatant command priorities.
  • ·       Lead the technical execution of the RMF lifecycle across approximately 40 enterprise systems, independently evaluating security controls, tracking categorizations, and finalizing ATO packages.
  • ·       Reconstruct and recommend advanced cybersecurity software tools and assist in the development of tool requirements and product-specific STIGs derived from applicable DISA SRGs.
  • ·       Provide expert Information Systems Security Engineering (ISSE) lifecycle alignment in strict accordance with NIST SP 800-160 Volume I and Volume II trust and cyber resiliency models.
  • ·       Supervise the execution of weekly automated network vulnerability scanning (ACAS), continuous risk dashboard monitoring, and verification against DISA STIG/SRG baselines.
  • ·       Oversee the command’s Information Assurance Vulnerability Management (IAVM) program, managing the distribution of security alerts, tracking macro compliance trends, and processing complex POA&Ms.
  • ·       Serve as the lead technical expert for Software Assurance (SwA) code diagnostics, utilizing automated application scanning tools (such as Fortify) to evaluate source code, tune configurations to eliminate false positives, and publish annual summary analysis logs.
  • ·       Manage Security Control Assessor Representative (SCAR) workflows, performing rapid triage of all RMF-related submissions within strict 7-business-day service level thresholds.
  • ·       Coordinate across the Joint Deployment and Distribution Enterprise (JDDE) to facilitate technical data-sharing, evaluate system reciprocity, and manage DoD Ports, Protocols, and Services Management (PPSM) registries.
  • ·       Provide technical engineering oversight for the deployment of the Cybersecurity Readiness Framework (CRF), executing complex ETL data pipelines and analytics workloads using Databricks, Python, SQL, and Qlik.
  • ·       Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

 

About the Company:

NexGen Data Systems is an emerging technologies focused company providing expert systems and network engineering solutions to the Department of Defense. NexGen Data Systems promotes a culture of knowledge and career advancement through continued learning, keeping our team current on the latest advances in systems and networking, and enabling our team to provide the best available solutions to our clients.

Benefits:

·   Company covers 100% of premiums for the employee’s medical, dental, and vision insurance and subsidizes premiums for spouse and dependents.

·       Company provides short and long term disability plans.

·       401(k) match up to 10% of the employee’s salary contributions to 401(K) plan.

·       Comprehensive training and development program.

·       11 paid holidays and paid time off (PTO) accrual level starts at 15 days annually.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

NOTE: s and those authorized to work in the US are encouraged to apply. In order to be qualified for this position, you must be able to obtain and maintain a United States Department of Defense (DoD) security clearance. We are unable to sponsor Visas at this time. NexGen Data Systems provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws.

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