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Model Risk Manager Jobs in Waxhaw, NC (NOW HIRING)

LPL Financial

Model Manager

Fort Mill, SC

Requirements * 5+ years of experience in financial services with meaningful exposure to supervision, compliance, model risk management, or regulatory operations. * Bachelor's degree in Business ...

LPL Financial

AVP, AI Risk and Governance

Fort Mill, SC · On-site +1

$117K - $195K/yr

The ideal candidate has a strong background in enterprise, technology and model risk management frameworks. Roles & Responsibilities: * Support in maintaining and evolving the AI governance framework ...

Pwc

Data Validation Risk - Manager

Charlotte, NC · On-site

$99K - $232K/yr

... Risk Manager, you will play a pivotal role within our Risk & Regulatory practice, focusing on ... You will utilize skills in data manipulation, visualization, and statistical modeling to support ...

Synchrony

VP, Enterprise Risk

Charlotte, NC · On-site

Primary responsibilities include managing execution of the enterprise-wide Risk Appetite Statement ... Maintain RAS governance documentation and controls (e.g., non-model tool inventory/documentation ...

Synchrony Financial

VP, Enterprise Risk

Charlotte, NC · On-site

Primary responsibilities include managing execution of the enterprise-wide Risk Appetite Statement ... Maintain RAS governance documentation and controls (e.g., non-model tool inventory/documentation ...

First Horizon Bank

Credit Model Developer

Charlotte, NC · On-site

Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.

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Model Risk Manager information

See Waxhaw, NC salary details

$46.3K

$100.3K

$152.8K

How much do model risk manager jobs pay per year?

As of Aug 7, 2026, the average yearly pay for model risk manager in Waxhaw, NC is $100,297.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $116,000.00 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 job categories do people searching Model Risk Manager jobs in Waxhaw, NC look for? The top searched job categories for Model Risk Manager jobs in Waxhaw, NC are:
What cities near Waxhaw, NC are hiring for Model Risk Manager jobs? Cities near Waxhaw, NC with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Waxhaw, NC as of August 2026, with employment types broken down into 85% Full Time, 14% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $100,297 per year, or $48.2 per hour.

Model Validation Specialist

Sumitomo Mitsui Financial Group, Inc.

Charlotte, NC • On-site

Full-time

Re-posted yesterday

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
Role Description
Reporting to the Manager, Model Validation Group, the Model Validation Associate plays an integral role in the implementation of the Model Risk Management framework for NYB and its subsidiaries. The role involves performing independent validation of credit risk and capital stress testing models, with the objective of strengthening model risk governance and enhancing overall model quality.
The Associate is responsible for documenting model development in accordance with regulatory expectations and internal standards, and for assessing the suitability of models for their intended business purpose. The role also includes supporting the development and review of model-related policies and procedures, conducting audits of adherence to established frameworks, and designing and executing back-testing methodologies to evaluate model performance and ensure results are reasonable, robust, and reliable.
Role Objectives
  • Conducts model validation across SMBC businesses and group companies for their intended use and scope, commensurate with the complexity and materiality of the models.
  • Develops model validation methodology to assess models to confirm the conceptual soundness of model theory, quality of model implementation, and robustness of model ongoing monitoring.
  • Identify model deficiencies through validations, communicate the issue with model owners and senior management, and provide feasible and adequate recommendations
  • Conduct reviews on model annual assessment, model changes, and ongoing monitoring results
  • Develop and maintain documentation templates, testing packages and automation tools/scripts to standardize validation processes
  • Support audits and examinations for credit risk and stress testing models
  • Communicates findings from validation work to management and stakeholders, including recommendations as appropriate.
  • Ensure business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Qualifications and Skills
  • Minimum master's or equivalent degree in Statistics, Mathematics, Engineering, Computer Science or related fields
  • Preferred experience in model validation and model development; and working with large and complex data sets.
  • knowledge in loss reserve, CECL, capital and stress testing models
  • knowledge of SR11-7, CECL, CCAR, and other regulatory requirements.
  • Strong analytical skills, both quantitative and qualitative.
  • Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
  • Ability to build and maintain effective working relationships with stakeholders at all levels. Demonstrated ability to work collaboratively in a team environment.
  • Recommended years of experience: 0-5

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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