Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...
Financial Services Manager - Financial Risk Our Deloitte Regulatory, Risk & Forensic team helps ... Knowledge of financial services business models, products, and services * Experience in banking ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Governance Support -- Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk -- Support assessments related to ...
Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Model Governance Support - Contribute to model documentation, testing artifacts, lineage tracking, and change management for AI systems. * Emerging Technology Risk - Support assessments related to ...
Quantitative Risk Analyst
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Quantitative Risk Analyst
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Quantitative Risk Analyst
Philadelphia, PA · On-site
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Quantitative Risk Analyst
Philadelphia, PA · On-site
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Quantitative Risk Analyst
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Quantitative Risk Analyst
$64K - $105K/yr
Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling ...
Assess enterprise-wide AI impacts across cybersecurity, privacy, model risk management (MRM), third-party risk, and compliance-producing actionable remediation plans and control implementation ...
Assess enterprise-wide AI impacts across cybersecurity, privacy, model risk management (MRM), third-party risk, and compliance-producing actionable remediation plans and control implementation ...
Risk Management Specialist
$86K - $98K/yr
Perform cost and schedule uncertainty modeling, including Monte Carlo simulations, to evaluate ... Establish standardized risk management processes and frameworks to protect client interests
Risk Management Specialist
$86K - $98K/yr
Perform cost and schedule uncertainty modeling, including Monte Carlo simulations, to evaluate ... Establish standardized risk management processes and frameworks to protect client interests
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Quick apply
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Head of Risk & Trading
Philadelphia, PA · On-site +1
$100K - $150K/yr
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Head of Risk & Trading
Philadelphia, PA · On-site +1
$100K - $150K/yr
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Head of Risk & Trading
Philadelphia, PA · On-site +1
$100K - $150K/yr
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Head of Risk & Trading
Philadelphia, PA · On-site +1
$100K - $150K/yr
Familiarity with sports data and analytics tools, such as sports data feeds and statistical models * Experience with risk management techniques and tools, such as exposure limits, hedging, and ...
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Your work will blend risk management, technology, and strategic thinking to deliver integrated ... Educate clients and internal teams on digital assets and operating model leading practices.
Bachelor's degree or equivalent practical experience. * 4+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk ...
Bachelor's degree or equivalent practical experience. * 4+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk ...
Bachelor's degree or equivalent practical experience. * 4+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk ...
Bachelor's degree or equivalent practical experience. * 4+ years of experience in AI governance, data privacy, security risk management, compliance and controls, AI product risk, model risk ...
The Opportunity As a Risk Management - Contract Specialist - Managed Services - Senior Manager, you will lead initiatives in enterprise risk management, focusing on business continuity, risk model ...
The Opportunity As a Risk Management - Contract Specialist - Managed Services - Senior Manager, you will lead initiatives in enterprise risk management, focusing on business continuity, risk model ...
The Senior Manager, Risk Governance & Reporting supports the execution of the Quality & Compliance ... Solid understanding of ERM concepts, governance models, and risk reporting practices * Experience ...
The Senior Manager, Risk Governance & Reporting supports the execution of the Quality & Compliance ... Solid understanding of ERM concepts, governance models, and risk reporting practices * Experience ...
... model oversight, stress testing, and executive reporting to support informed decision-making across NRG's commercial and risk management activities. The leader serves as a strategic partner to senior ...
... model oversight, stress testing, and executive reporting to support informed decision-making across NRG's commercial and risk management activities. The leader serves as a strategic partner to senior ...
The Senior Manager, Risk Governance & Reporting supports the execution of the Quality & Compliance ... Solid understanding of ERM concepts, governance models, and risk reporting practices * Experience ...
The Senior Manager, Risk Governance & Reporting supports the execution of the Quality & Compliance ... Solid understanding of ERM concepts, governance models, and risk reporting practices * Experience ...
Model Risk Manager information
See Trenton, NJ salary details
$51.6K - $62.4K
4% of jobs
$62.4K - $73.2K
6% of jobs
$73.2K - $84K
11% of jobs
$88.1K is the 25th percentile. Wages below this are outliers.
$84K - $94.9K
11% of jobs
The median wage is $103.4K / yr.
$94.9K - $105.7K
23% of jobs
$105.7K - $116.5K
13% of jobs
$123.6K is the 75th percentile. Wages above this are outliers.
$116.5K - $127.3K
12% of jobs
$127.3K - $138.1K
8% of jobs
$138.1K - $148.9K
6% of jobs
$148.9K - $159.7K
4% of jobs
$159.7K - $170.5K
2% of jobs
$51.6K
$111.9K
$170.5K
How much do model risk manager jobs pay per year?
What are some common challenges a Model Risk Manager faces when validating complex financial models?
What is the difference between Model Risk Manager vs Quantitative Analyst?
| Aspect | Model Risk Manager | Quantitative Analyst |
|---|---|---|
| Required Credentials | Advanced degrees in finance, statistics, or mathematics; certifications like FRM or CFA | Degree in finance, economics, mathematics, or related fields; often CFA or CQF |
| Work Environment | Focus on risk management teams within financial institutions; regulatory compliance | Analytical roles within trading, investment, or banking divisions; model development |
| Employer & Industry Usage | Financial institutions, banks, asset managers | Investment 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?
What does a Model Risk Manager do?
Deloitte rating
8.0
Based on 89 frontline employees who took The Breakroom Quiz
71st of 146 rated financial services
Job description
Financial Services Manager - Financial Risk
Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment into defensible actions that strengthen, protect, and transform their organizations. Join our team and use advanced data, AI, and emerging technologies with industry insights to help clients bring clarity from complexity and accelerate their path to value creation.
Recruiting for this role ends on 9/1/2026.
Work You'll Do
As a Manager, you will have opportunities to:
- Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology risks as well as risk mitigation strategies for our clients
- Understand the impact of key technology trends and workforce changes impacting our clients through engagement with innovative and emergent technologies, including cloud computing, big data and analytics, process automation, artificial intelligence / machine learning, and other digital strategies
- Manage the development of client deliverables or for internal business needs
- Serve on workstreams for complex projects, liaise with client counterparts, and actively participate in discussions on project management and work delivery needs
- Manage project teams in providing recommendations to improve or transform processes to gain efficiencies or scale or reduce risk for our clients
- Manage internal business development initiatives and sales opportunities, including the creation of external-facing industry perspectives, lead generation materials, or sales proposals
- Produce quality work products independently and collectively with team members throughout development lifecycle from initial conception to implementation
- Engage with industry participants on market trends, competitive activities, and topic-specific discussions impacting the industry, potentially including with clients, industry consortiums, or trade groups or committees
The successful candidate would possess these skills
- Ability to work independently and collaborate as part of a team
- Effective written and verbal communication skills
- Meticulous attention to detail and quality of work product
- Ability to build and sustain professional relationships
- Ability to lead projects or workstreams
- Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
- Strong interpersonal skills and professional demeanor
- Ability to meet deadlines
- Ability to mentor and provide clear guidance to others
The Team
Our Regulatory & Financial Risk offering supports clients' regulatory and compliance needs, balancing risk and regulatory requirements with enhancing business value and optimizing outcomes. We deliver enhanced value through strategic transformation, end-to-end implementation, and a focus on business-as-usual sustainability across processes, controls, and data & analytic infrastructures.
Qualifications
Candidates will have exceptional records of professional achievement, experience working in a relevant financial services industry sector, and a demonstrated capacity and enthusiasm for self-paced development. Candidates will be expected to motivate others, build constructive relationships with clients and colleagues, and work both independently and as part of a team. Successful candidates will demonstrate an aptitude for complex problem-solving and analytical skills and the ability to communicate complex ideas clearly and persuasively across a variety of strategic, operational, technological, and risk management matters.
Required Qualifications
- Bachelor's degree in Finance, Economics, Business, Statistics, Mathematics, or related field
- 7+ years of experience in the financial services or consulting industry, supporting one or more of financial risk/related areas: Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing
- Knowledge of financial services business models, products, and services
- Experience in banking, digital assets, or capital markets is desirable
- Strong relationship management skills, particularly the ability to build constructive and productive working relationships with clients and among Deloitte practitioners
- Experience with business transformation, regulatory remediation or change management initiatives as a result of strategic, regulatory, risk-related, technological, or operational evolutions
- Understanding of business processes, regulatory requirements, technology and governance for financial institutions
- Strong project / program management skills, particularly possessing a strong work ethic, a commitment to excellence in work product delivery, and the ability to independently manage multiple priorities and deadlines
- Strong oral and written communication skills, including the ability to lead business proposal development and sales presentations
- Ability to travel up to 50%, based on the work you do and the clients and industries/sectors you serve
- Limited immigration sponsorship may be available
Preferred Qualifications
- Advanced degree and/or certification (e.g., Quant MS, MBA, FRM, CFA, CRCM, CPA, PMP).
- Expertise in one or more Financial Risk domains:
- Credit Risk: Underwriting and portfolio credit risk across products (e.g., PD/LGD/EAD modeling support, credit policy/scorecards, risk rating systems, credit review/QA, allowance/CECL support, concentration/limit monitoring, early warning & remediation).
- Liquidity Risk: Treasury liquidity risk management and reporting (e.g., liquidity stress testing (LST), Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), FR 2052a, contingency funding plans, intraday liquidity, collateral & cash management, asset-liability management (ALM)).
- Market Risk: Market and interest rate risk management practices (e.g., interest rate risk in the banking book (IRRBB) measurement, sensitivities/scenario analysis, model validation support, limit frameworks, capital markets product exposure understanding, controls and governance).
- Capital Management / Stress Testing: Capital planning and enterprise stress testing execution (e.g., scenario design support, model methodology governance, results aggregation, capital actions analysis, documentation and control testing, linkage to balance sheet and risk appetite, climate stress testing considerations).
- Strong understanding of end-to-end banking products/operations (deposits, cards, lending, underwriting; credit products and servicing).
- Subject matter expertise in one or more financial services areas (Retail, Commercial, Transaction, Wholesale, Cards & Payments, Wealth/Investment Mgmt, Capital Markets, Real Estate, FinTech/PE).
- Prior experience in risk management role or at a U.S. banking regulator.
- Familiarity with key regulatory initiatives and supervisory ecosystem (e.g., Dodd-Frank; FRB/Fed, OCC, CFTC), plus strong grasp of associated models, data, processes, and controls.
- Hands-on ability to analyze/model data using common languages/tools (Python, R, SAS, SQL).
- Experience supporting or implementing systems (trading, operations, lending, core banking, compliance, risk/case management, or data management)
- Familiarity with topics such as process design or mapping, workflow development, data management or migration, or analytics/visualization
- Experience with user acceptance testing, system configuration, monitoring, or issue resolution
- Ability to translate risk or regulatory requirements into actionable user stories or business needs
- Advanced proficiency in Microsoft Office (PowerPoint, Excel, Visio)
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $134500 to $265100.
Qualifications:Financial Services Manager - Financial Risk
Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment into defensible actions that strengthen, protect, and transform their organizations. Join our team and use advanced data, AI, and emerging technologies with industry insights to help clients bring clarity from complexity and accelerate their path to value creation.
Recruiting for this role ends on 9/1/2026.
Work You'll Do
As a Manager, you will have opportunities to:
- Learn how to identify, evaluate, and prioritize business, operational, regulatory, and technology risks as well as risk mitigation strategies for our clients
- Understand the impact of key technology trends and workforce changes impacting our clients through engagement with innovative and emergent technologies, including cloud computing, big data and analytics, process automation, artificial intelligence / machine learning, and other digital strategies
- Manage the development of client deliverables or for internal business needs
- Serve on workstreams for complex projects, liaise with client counterparts, and actively participate in discussions on project management and work delivery needs
- Manage project teams in providing recommendations to improve or transform processes to gain efficiencies or scale or reduce risk for our clients
- Manage internal business development initiatives and sales opportunities, including the creation of external-facing industry perspectives, lead generation materials, or sales proposals
- Produce quality work products independently and collectively with team members throughout development lifecycle from initial conception to implementation
- Engage with industry participants on market trends, competitive activities, and topic-specific discussions impacting the industry, potentially including with clients, industry consortiums, or trade groups or committees
The successful candidate would possess these skills
- Ability to work independently and collaborate as part of a team
- Effective written and verbal communication skills
- Meticulous attention to detail and quality of work product
- Ability to build and sustain professional relationships
- Ability to lead projects or workstreams
- Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
- Strong interpersonal skills and professional demeanor
- Ability to meet deadlines
- Ability to mentor and provide clear guidance to others
The Team
Our Regulatory & Financial Risk offering supports clients' regulatory and compliance needs, balancing risk and regulatory requirements with enhancing business value and optimizing outcomes. We deliver enhanced value through strategic transformation, end-to-end implementation, and a focus on business-as-usual sustainability across processes, controls, and data & analytic infrastructures.
Qualifications
Candidates will have exceptional records of professional achievement, experience working in a relevant financial services industry sector, and a demonstrated capacity and enthusiasm for self-paced development. Candidates will be expected to motivate others, build constructive relationships with clients and colleagues, and work both independently and as part of a team. Successful candidates will demonstrate an aptitude for complex problem-solving and analytical skills and the ability to communicate complex ideas clearly and persuasively across a variety of strategic, operational, technological, and risk management matters.
Required Qualifications
- Bachelor's degree in Finance, Economics, Business, Statistics, Mathematics, or related field
- 7+ years of experience in the financial services or consulting industry, supporting one or more of financial risk/related areas: Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing
- Knowledge of financial services business models, products, and services
- Experience in banking, digital assets, or capital markets is desirable
- Strong relationship management skills, particularly the ability to build constructive and productive working relationships with clients and among Deloitte practitioners
- Experience with business transformation, regulatory remediation or change management initiatives as a result of strategic, regulatory, risk-related, technological, or operational evolutions
- Understanding of business processes, regulatory requirements, technology and governance for financial institutions
- Strong project / program management skills, particularly possessing a strong work ethic, a commitment to excellence in work product delivery, and the ability to independently manage multiple priorities and deadlines
- Strong oral and written communication skills, including the ability to lead business proposal development and sales presentations
- Ability to travel up to 50%, based on the work you do and the clients and industries/sectors you serve
- Limited immigration sponsorship may be available
Preferred Qualifications
- Advanced degree and/or certification (e.g., Quant MS, MBA, FRM, CFA, CRCM, CPA, PMP).
- Expertise in one or more Financial Risk domains:
- Credit Risk: Underwriting and portfolio credit risk across products (e.g., PD/LGD/EAD modeling support, credit policy/scorecards, risk rating systems, credit review/QA, allowance/CECL support, concentration/limit monitoring, early warning & remediation).
- Liquidity Risk: Treasury liquidity risk management and reporting (e.g., liquidity stress testing (LST), Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NS...