1

Model Risk Manager Jobs in Westminster, CA (NOW HIRING)

Director, Insurance and Risk

Los Angeles, CA Β· On-site

$182K - $239K/yr

Model and report Total Cost of Risk to senior leadership, * Review, analyze, and evaluate supplier ... venue management. * Skilled at interpreting actuarial reports, loss runs, and financial models.

Excellent analytical, financial modeling, and risk assessment skills. * Outstanding communication ... Professional certification in risk/insurance (e.g., ARM, CRM, CPCU) is a plus.

Showing results 21-40

Model Risk Manager information

See Westminster, CA salary details

$53.1K

$115K

$175.2K

How much do model risk manager jobs pay per year?

As of Sep 14, 2026, the average yearly pay for model risk manager in Westminster, CA is $114,999.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,800.00 and $133,000.00 per year, depending on experience, location, and employer.

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 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 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 differβ€”risk management versus model development and analysis.

What job categories do people searching Model Risk Manager jobs in Westminster, CA look for?

The top searched job categories for Model Risk Manager jobs in Westminster, CA are:

What cities near Westminster, CA are hiring for Model Risk Manager jobs?

Cities near Westminster, CA with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in Westminster, CA as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $114,999 per year, or $55.3 per hour.

Risk and Analytics Special Projects Manager

Newport Beach, CA β€’ On-site

CFA Institute
EducationΒ β€’Β 201 - 500 employees

Other

Re-posted 10 days ago


Job description

We are a leading global asset management firm with over 3,000 employees across 20 offices in 15 countries; we help millions of investors around the world pursue their financial goals.

We hire critical thinkers. People who thrive in a collaborative culture like ours where we solve real problems while building the future of finance.

You

  • Are excited to be part of a vibrant engineering community that values diversity, hard work, and continuous learning.
  • Love solving complex real-world business problems.
  • Recognize that cross-functional collaboration is a core component of success for the team.
  • Believe there are multiple ways to solve most technical problems and are willing to debate the trade-offs.
  • Have become a stronger engineer by making mistakes and learning from them.
  • Are a doer, someone who wants to grow their career and gain experience across technologies and business functions.

We

  • Continuously invest in a high-performance and inclusive culture, in which a diversity of backgrounds, experiences and viewpoints are celebrated and valued.
  • Encourage career mobility, so you can benefit from learning different functions and technologies, and we gain the benefits of your experience across teams.
  • Run technology pro bono programs that help the non-profit community and give our engineering community opportunities to volunteer and participate.
  • Offer education reimbursements and ongoing training in technology, communication, and diversity & inclusion.
  • Embrace knowledge sharing through lunch-and-learns, demos, and technical forums.
  • Consider our people to be our greatest assetβ€”we will help you learn what PIMCO Technology has to offer so you can participate in activities that benefit your career while delivering impactful technology solutions.
Job Description

Our Trading and Risk technology estate is entering a multi-year period of structural change. We are modernising our infrastructure, moving core systems to the public cloud, and re-platforming the applications that produce the firm's positions, P&L and risk β€” all while those systems continue to run in full production every day. In parallel, we are replacing a core book-of-record accounting capability and re-wiring how Risk consumes that data.

We are seeking a senior Program Manager to own delivery across these two interlocking programs: a hands-on, outcome-oriented leader who has run large cross-functional transformation in a trading and risk context, is comfortable at the intersection of infrastructure, application engineering and the business, and can pull disparate teams toward hard, time-boxed goals.

Cloud Transition (Trading & Risk)

The Program Manager will drive two tightly-coupled challenges as our applications move to the cloud. First, materially reducing our legacy on-premise database footprint β€” both hardware and, above all, the volume of stored data β€” by coordinating the application-team cleanup, rationalisation and data-tiering effort that infrastructure teams cannot deliver alone. Second, managing the performance implications of a hybrid operating model, where applications move to the cloud ahead of certain data stores: the PM will lead the program to get application teams to profile and optimise their data interactions so they remain performant through the transition, against a backdrop of continuous production use and no tolerance for service degradation.

Book-of-Record Replacement & Risk Integration

Over a multi-year horizon the firm is replacing a core accounting book-of-record capability and standing up new position and accounting services, while retiring legacy tooling. The Program Manager will ensure our Risk systems integrate cleanly with the new platform and transition off the incumbent solutions as the source of intraday and end-of-day positions and P&L; coordinate against the provider's technology roadmap and its regulatory milestones; and manage the sequencing and reconciliation risk of running this replacement in parallel with related front- and middle-office tooling changes. A firm-wide middle-office modernisation effort will be driving this forward; this role provides the delivery leadership from the Risk & Reporting side to keep the two in lockstep.

Responsibilities

Own end-to-end program planning, roadmap and execution across both workstreams β€” scope, milestones, dependencies, RAID and governance reporting to senior stakeholders. Drive delivery teams to concrete, measurable outcomes and hold delivery lines accountable to firm deadlines. Partner across infrastructure, application engineering, operations technology and external technology providers. Establish the instrumentation and evidence base needed to diagnose issues on data rather than anecdote, and manage program financials and cloud-commitment implications.

Requirements
  • 12+ years leading large, complex technology transformation programs in financial services, ideally in a trading, risk or investment-management context
  • Demonstrated success combining cloud/infrastructure migration with application re-engineering under live production constraints
  • Hands-on experience with public-cloud migration at scale, including the operational and performance trade-offs of a hybrid estate
  • Strong grounding in front-to-back trading/risk or investment-accounting systems (positions, P&L, book-of-record integration)
  • Proven ability to lead delivery across organizational boundaries and drive teams that do not report to them
  • Excellent stakeholder management up to C-suite; clear, evidence-based communication
  • Formal program/project management credentials (PMP; SAFe/Agile)
Preferred
  • Regulatory-driven transformation experience (e.g. settlement or capital-related mandates)
  • Experience with large-scale data-store modernisation and migration
  • Risk/finance qualifications (FRM, CFA) a plus

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.

Salary Range: $ 150,000.00 - $ 250,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

#J-18808-Ljbffr