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Model Risk Manager Jobs in Trumbull, CT (NOW HIRING)

General Re Corporation

CAT Risk Advisor

Stamford, CT · On-site

... delivering catastrophe model analyses output in support ofunderwriting and senior management ... risk. The ideal candidate will possess strong vendor modelknowledge and understanding of ...

General Re Corporation

CAT Risk Advisor

Stamford, CT · On-site

Gen Re currently offers an excellentopportunity for a Catastrophe Risk Advisor in our Stamford, CT ... delivering catastrophe model analyses output in support ofunderwriting and senior management ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT

... of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for ...

Berkley

Senior Analyst/Analyst, ERM

Greenwich, CT · On-site

... of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for ...

Pwc

AI Governance Manager

Stamford, CT

$99K - $297K/yr

... model testing and validation, risk management, controls testing, or audit related to AI, analytics, or information systems, governance or compliance roles focused on AI, emerging technology, or ...

Pwc

AI Governance Sr. Manager

Stamford, CT · On-site

$119K - $337K/yr

... models and technical standards - Managing projects assessing governance, risk, and control programs - Leading AI/ML and emerging technology control efforts - Coaching teams on emerging data ...

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All JobsModel Risk Manager JobsModel Risk Manager Jobs in Trumbull, CT

Model Risk Manager information

See Trumbull, CT salary details

$50.5K

$109.5K

$166.8K

How much do model risk manager jobs pay per year?

As of Jun 22, 2026, the average yearly pay for model risk manager in Trumbull, CT is $109,456.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,300.00 and $126,600.00 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 job categories do people searching Model Risk Manager jobs in Trumbull, CT look for? The top searched job categories for Model Risk Manager jobs in Trumbull, CT are:
What cities near Trumbull, CT are hiring for Model Risk Manager jobs? Cities near Trumbull, CT with the most Model Risk Manager job openings:
Model Risk Manager jobs near you

CAT Risk Advisor

General Re Corporation

Stamford, CT • On-site

Other

Posted 26 days ago

Job description

This role is withthe North America Cat modelling team which is part of the larger TreatyUnderwriting Group.  The modelling team isresponsible for delivering catastrophe model analyses output in support ofunderwriting and senior management decision making.  This role is also expected to researchcommercial vendor models as they evolve and assess impacts to Gen Re's internalview of catastrophe risk. The ideal candidate will possess strong vendor modelknowledge and understanding of reinsurance structures and terms. Experienceusing AIR and RMS vendor models is required.
Primary Responsibilities

  • Provide AIR / RMS vendor modeling analyses to underwriters in an accurate and timely manner
  • Advise underwriters on modeling assumptions and settings for subject portfolios
  • Lead efforts in vendor model upgrades and platform transition including AIR and RMS
  • Work with colleagues in refining operational process, challenging existing assumptions and protocols
  • Conduct research projects on vendor models to enhance in-house view of catastrophe risk
  • Assist Head of Cat Underwriting in underwriting Property Cat treaties
  • Keep knowledge up to date with vendor model updates and implications
  • Perform analysis on model change impact to Gen Re's portfolio
  • Perform post event modelling analyses

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