1

Model Risk Manager Jobs in Tewksbury, MA (NOW HIRING)

Quantitative Risk, VP

Boston, MA · On-site

$120K - $202K/yr

Who we are looking for The Centralized Modeling & Analytics and Operations(CMAO) team within State Street's Enterprise Risk Management (ERM) organization is looking for an experienced quantitative ...

Quantitative Risk, VP

Boston, MA · On-site

$120 - $203/hr

Who we are looking for The Centralized Modeling & Analytics and Operations(CMAO) team within State Street's Enterprise Risk Management (ERM) organization is looking for an experienced quantitative ...

Showing results 41-60

Model Risk Manager information

See Tewksbury, MA salary details

$55.5K

$120.2K

$183.2K

How much do model risk manager jobs pay per year?

As of Aug 11, 2026, the average yearly pay for model risk manager in Tewksbury, MA is $120,210.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,000.00 and $139,000.00 per year, depending on experience, location, and employer.

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 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 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 cities near Tewksbury, MA are hiring for Model Risk Manager jobs? Cities near Tewksbury, MA with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Tewksbury, MA as of July 2026, with employment types broken down into 83% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $120,210 per year, or $57.8 per hour.

IT Security Manager - Third-Party IT Risk Manager

Wolters Kluwer

Waltham, MA

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago


Wolters Kluwer rating

9.0

Company rating: 9.0 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

33rd of 242 rated software companies


Job description

ThirdParty IT Risk Manager is responsible for leading and modernizing Wolters Kluwer's global thirdparty cyber risk management capability across a highly distributed, marketdriven technology and supplier landscape. This role ensures third-party engagements align with the organization's risk appetite, security standards, and regulatory expectations and lead the execution of a scalable, intelligenceled TPRM program that delivers meaningful and defensible assurance over thirdparty cyber risk-moving beyond traditional, questionnairecentric models.

The role partners closely with Global Supply Chain, Procurement, Legal, and Privacy teams to reduce fragmentation across markets by translating diverse, marketspecific approaches into standardized enterprise agreements, security configurations, and control expectations. A core focus of this position is innovation: designing and implementing differentiated thirdparty assurance approaches that leverage automation, technical validation, and continuous monitoring to provide realtime insight into supplier risk rather than relying solely on static assessments.
Responsibilities:

Program Leadership & Modernization
Lead and evolve Wolters Kluwer's global Third Party Risk Management (TPRM) program and operating model, ensuring it is scalable, risk based, and aligned with enterprise cyber risk governance.
Modernize TPITRM by shifting from a primarily questionnaire driven approach to a data driven program that incorporates technical validation, continuous monitoring, AI, and risk quantification.
Lead, whether functionally or formally - junior team members as a manager level leader across the TPRM function to drive successful outcomes across the entire TPRM unit.

Continuous Monitoring, Automation & Innovation
Implement continuous monitoring capabilities to deliver near real time visibility into third party cyber posture, control performance, and emerging risk indicators.
Design and deploy innovative approaches-including automation and AI assisted techniques-for evidence collection, risk scoring, and exception management.
Continuously assess emerging tools, data sources, and assurance models to improve risk coverage, reduce assessment friction, and enhance signal quality beyond traditional questionnaires.

Contract Review:
Strong skills in the development, review, and analysis of third party contracts to ensure Company requirements, principles, and assets are sufficiently protected in accordance with internal expectations.
Strong business acumen and ability to identify technical and functional requirements that do not align or meet Company needs, suggest enhancements, and have them accepted and implemented by the supplier.

Governance, Reporting & Escalation
Maintain a centralized, enterprise wide inventory of third party relationships, risk tiers, and risk treatment decisions.
Provide clear, concise reporting on third party cyber risk posture, trends, and concentration risk to senior leadership.

Leadership & Collaboration
Build, lead, and develop a high performing team of third party risk professionals and technical reviewers.
Foster a culture of accountability, innovation, and constructive challenge consistent with Wolters Kluwer values and operating principles.
Job Qualifications

Bachelors degree in computer science, information security, management information systems or similar.
12+ years of experience in cybersecurity, technology risk, or information security, including significant ownership of third party or supplier cyber risk management in large, complex enterprises.
5+ years of leadership (direct managerial experience or functional delivery leading teams).
Proven experience designing and leading a global TPRM program across the full third party risk lifecycle.
Demonstrated success modernizing TPRM by implementing risk based approaches that integrate technical validation, automation, and continuous monitoring.
Demonstrated success owning decisions and outcomes at a senior level independently without formal authority.
Strong technical fluency across cloud platforms, APIs, identity, data flows, and integration architectures, with the ability to partner credibly with security architects and technical SMEs.
Experience overseeing advanced technical assessments for high risk or critical third parties, such as architecture reviews, vulnerability assessments, penetration testing, and threat modeling.
Ability to operate effectively in highly distributed, market driven environments.
Demonstrated leadership experience, including building high performing teams and influencing senior stakeholders across Technology, Procurement, Legal, Privacy, and Enterprise Risk Management.
Strong executive communication skills, with experience reporting third party cyber risk posture and trends to senior leadership.
Preferred qualification

Familiarity with systemic, concentration, and fourthparty risk.
Working knowledge of NIST CSF, ISO 27001, GDPR, and CCPA.
Relevant certifications (e.g., CISSP, CISM, CTPRP, CRISC, CISA)
#LI-Hybrid

Our Interview Practices

To maintain a fair and genuine hiring process, we kindly ask that all candidates participate in interviews without the assistance of AI tools or external prompts. Our interview process is designed to assess your individual skills, experiences, and communication style. We value authenticity and want to ensure we're getting to know you-not a digital assistant. To help maintain this integrity, we ask to remove virtual backgrounds and include in-person interviews in our hiring process. Please note that use of AI-generated responses or third-party support during interviews will be grounds for disqualification from the recruitment process.

Applicants may be required to appear onsite at a Wolters Kluwer office as part of the recruitment process.

Compensation:

$118,300.00 - $207,400.00 USDThis role is eligible for Bonus.

Compensation range listed is based on primary location of the position. Actual base salary offer is influenced by a wide array of factors including but not limited to skills, experience and actual hiring location. Your recruiter can share more information about the specific offer for the job location during the hiring process.

Additional Information:

Wolters Kluwer offers a wide variety of competitive benefits and programs to help meet your needs and balance your work and personal life, including but not limited to: Medical, Dental, & Vision Plans, 401(k), FSA/HSA, Commuter Benefits, Tuition Assistance Plan, Vacation and Sick Time, and Paid Parental Leave. Full details of our benefits are available upon request.


What Wolters Kluwer employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom