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Model Risk Manager Jobs in Waco, TX (NOW HIRING)

Lifeguard Level 1

Belton, TX · On-site

$375/wk

Be a role model for campers and staff in attitude and behavior. * Engages in problem-solving skills ... Exhibits good judgment and risk management assessment skills. * Ability to work with, communicate ...

Lifeguard Level 1

Belton, TX · On-site

$375/wk

Be a role model for campers and staff in attitude and behavior. * Engages in problem-solving skills ... Exhibits good judgment and risk management assessment skills. * Ability to work with, communicate ...

Lead efforts in identifying potential threats through application threat modeling and propose ... Risk Management, container security, Kubernetes security, IAM security, network security, auditing ...

Working closely with project managers, superintendents, and field teams, the Project Engineer I ... Problem Solving & Risk Assessment: Evaluate risks and effectively resolve challenges, champion ...

The Atom enables the user to view 3D BIM models as holograms/overlays through its visor, alongside ... Reporting to the Field Operations Manager, maintaining an efficient workflow and ensuring all ...

Working closely with project managers, superintendents, and field teams, the Project Engineer I ... Problem Solving & Risk Assessment: Evaluate risks and effectively resolve challenges, champion ...

Working closely with project managers, superintendents, and field teams, the Project Engineer I ... Problem Solving & Risk Assessment: Evaluate risks and effectively resolve challenges, champion ...

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Model Risk Manager information

See Waco, TX salary details

$45.7K

$99K

$150.9K

How much do model risk manager jobs pay per year?

As of Jul 17, 2026, the average yearly pay for model risk manager in Waco, TX is $99,034.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,900.00 and $114,500.00 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 Waco, TX look for? The top searched job categories for Model Risk Manager jobs in Waco, TX are:
What cities near Waco, TX are hiring for Model Risk Manager jobs? Cities near Waco, TX with the most Model Risk Manager job openings:
Senior Director of Treasury Services

Senior Director of Treasury Services

Baylor University

Waco, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

This job post has expired 1 day ago. Applications are no longer accepted.


Baylor University rating

7.2

Company rating: 7.2 out of 10

Based on 17 frontline employees who took The Breakroom Quiz

345th of 555 rated colleges and universities


Job description

A humble college founded before Texas was a state, Baylor now stands as one of the premier institutions of higher education in the world. Baylor has continued to invest in research and doctoral education, both solidifying and elevating its unique status as a preeminent Christian research university. Baylor is among 187 R1 institutions, just 52 of which are private universities.


Since 2011, Baylor has been named as one of the nation's "Great Colleges to Work For". Great Colleges to Work For is one of the country's largest and most respected workplace recognition programs. Each year, Great Colleges recognizes the colleges and universities that get top employee ratings regarding workplace practices and policies across 10 areas. This recognition is based on faculty and staff responses to a related annual survey. The survey, conducted by ModernThink, is a way for colleges and universities to gain a deeper understanding of how their employees experience and view various aspects of the institution. This continued recognition further affirms Baylor as a rewarding place to build a career. 

What We Are Looking For

This position supports Baylor University's treasury operations, including cash and liquidity management and debt portfolio administration. Reporting to the Assistant Vice President/Assistant Treasurer (AVP), the Senior Director plays a key role in daytoday treasury operations, cash and liquidity planning, and debt administration.

Working closely with the AVP, senior financial leadership, campus partners, and external financial institutions, the Senior Director contributes to Baylor's financial sustainability through effective treasury operations, robust liquidity management practices, and accurate financial data and reporting. This role supports the University's capital structure strategy, cash flow planning, and ongoing compliance requirements, helping ensure financial agility in a dynamic operating environment.

A bachelor's degree in finance, accounting or a related field, seven years of experience and a CPA license are required. A master's degree and ten or more years of relevant experience are preferred.

Additional preferred skills, knowledge and other characteristics:

  • Experience in treasury operations, financial planning, or modeling
  • Advanced analytical, financial modeling/accounting skills
  • Proficiency with Microsoft 365 and collaborative workflows 
  • Experience with treasury management systems, ERP systems and financial reporting platforms
  • Project management and process improvement experience

Applicants must be authorized to work full-time in the United States.

What You Will Do

  • Support the daily monitoring of the University's cash positions and liquidity to ensure adequate funding for operational needs and strategic initiatives
  • Develop, update, and analyze shortterm cash flow forecasts; assist with longterm modeling and scenario planning
  • Serve as daytoday liaison with banking partners on operational matters, including account management, bank fee analysis, cash operations, and campus commerce
  • Use data analytics and AI-assisted tools to improve forecasting accuracy and efficiency
  • Maintain and enhance treasury systems and tools supporting cash management, reconciliation, and reporting
  • Ensure strong internal controls, fraudprevention measures, and compliance with University and treasury policies
  • Provide guidance to campus stakeholders on treasury processes and cash management solutions
  • Support monitoring and reporting for the University's operating funds investment portfolio
  • Assist the AVP in administering the University's debt portfolio, monitoring debt service, documentation, and compliance
  • Analize capital structure, interest rate exposure, and liquidity strategies
  • Coordinate data and documentation for rating agency reviews and external reporting
  • Support and recommend debtrelated policies and compliance frameworks
  • Coordinate with Financial Services and departments to ensure accurate recording of revenue from events, activities, and campus commerce
  • Provide guidance on accounting treatment, financial issues, and sales tax application
  • Review and analyze accounting interfaces from eCommerce platforms
  • Review and approve journal entries to record departmental revenue and eCommerce information
  • Support eCommerce payment platforms by providing backup to Director of Campus Commerce
  • Support internal controls and procedures for accurate revenue recognition
  • Work closely with University departments and external entities to ensure efficient treasury operations
  • Contribute to continuous improvement initiatives within Financial Services
  • Perform all other duties as assigned to support Baylor's mission
  • Ability to comply with University policies
  • Maintain regular and punctual attendance

What You Can Expect

As part of the Baylor family, eligible employees receive a comprehensive benefits package that includes medical, dental, and vision insurance, generous time off, tuition remission, and outstanding automatic retirement contributions. Baylor has a comprehensive benefits plan that supports you and your family's wellbeing and allows you to be a part of the life of a vibrant and active college campus.  To learn more, go to Baylor Benefits & Advantages.

Explore & Engage

Learn more about Baylor and our strategic vision, Baylor in Deeds.  Also, explore our great hometown of Waco and the many opportunities to engage locally.  If you are new to Central Texas, This is Waco!

Baylor University, a private not-for-profit university affiliated with the Baptist General Convention of Texas, is committed to compliance with all applicable anti-discrimination laws, including those regarding age, race, color, sex, national origin, military service, genetic information, and disability. Baylor complies with statutory Affirmative Action/Equal Opportunity requirements. Baylor's full official Notice of Non-Discrimination may be read online.


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