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Model Risk Officer Jobs (NOW HIRING)

Wintrust

Officer, Model Risk Management

Rosemont, IL

Position Overview The Officer, Model Risk Management will conduct various activities related to enterprise model risk validation and model governance. This individual is accountable for independently ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

Position Overview The Officer, Model Risk Management will conduct various activities related to enterprise model risk validation and model governance. This individual is accountable for independently ...

Sezzle

Chief Risk Officer

Minneapolis, MN · On-site

Chief Risk Officer (CRO) Organization: Sezzle Bank ILC Location: Utah, USA Employment Type ... Develop and maintain a model governance framework that includes independent model validation ...

Sezzle

Chief Risk Officer

Minneapolis, MN

Chief Risk Officer (CRO) Organization: Sezzle Bank ILC Location: Utah, USA Employment Type ... Develop and maintain a model governance framework that includes independent model validation ...

Broadway Bank

Chief Risk Officer

San Antonio, TX

Chief Risk Officer | Division: Enterprise Risk Mgmt| Work Days: Monday - Friday| Hours of Operation ... Develop and maintain an appropriate Model Risk Management program. * Build the ability to withstand ...

DataAnnotation

Credit Risk Officer

Columbia, SC · Remote

$50 - $60/hr

We are looking for a Credit Risk Officer to join our team to train AI models. You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the quality of ...

DataAnnotation

Credit Risk Officer

Helena, MT · Remote

$50 - $60/hr

Credit Risk Officer DataAnnotation is seeking a Credit Risk Officer to join our team and contribute to the training of AI models. The chosen candidate will evaluate the performance and logic of AI ...

Morgan Stanley

E*TRADE Risk Officer

Alpharetta, GA

Ensure continuous and appropriate supervisory coverage, working with Management, Site Leaders, and the Senior Risk Officer to maintain coverage models and back-up plans. * Oversee adherence to the E*

Morgan Stanley

E*TRADE Risk Officer

Tampa, FL

Ensure continuous and appropriate supervisory coverage, working with Management, Site Leaders, and the Senior Risk Officer to maintain coverage models and back-up plans. * Oversee adherence to the E*

Morgan Stanley

Ensure continuous and appropriate supervisory coverage, working with Management, Site Leaders, and the Senior Risk Officer to maintain coverage models and back-up plans. * Oversee adherence to the E*

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Model Risk Officer information

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$32.5K

$105.6K

$160K

How much do model risk officer jobs pay per year?

As of May 30, 2026, the average yearly pay for model risk officer in the United States is $105,602.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,500.00 and $130,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Model Risk Officer, and why are they important?

To thrive as a Model Risk Officer, you need strong quantitative analysis skills, a background in finance or mathematics, and experience with model validation principles, typically supported by an advanced degree in a quantitative field. Familiarity with risk management frameworks, statistical modeling software (such as SAS, R, or Python), and relevant regulatory guidelines (like SR 11-7) is essential. Excellent critical thinking, communication, and stakeholder management skills help you explain complex model risks and recommendations effectively. These skills ensure robust model governance, regulatory compliance, and informed decision-making within financial institutions.

What are some common challenges faced by Model Risk Officers when collaborating with different departments?

Model Risk Officers often work closely with teams in risk management, quantitative analytics, audit, and IT. A common challenge is ensuring effective communication between technical model developers and non-technical stakeholders, as complex model concepts must be clearly explained for informed decision-making. Navigating differing priorities—such as balancing regulatory compliance with business objectives—can also present difficulties. Successful Model Risk Officers proactively foster cross-functional relationships and use clear documentation to bridge these gaps, ensuring model risks are well-understood and appropriately managed across the organization.

What are Model Risk Officers?

Model Risk Officers are professionals responsible for managing and overseeing the risks associated with the use of quantitative models in financial institutions. They ensure that models used for decision-making, such as credit risk, market risk, or capital assessment, are accurate, reliable, and compliant with regulatory requirements. Their duties include validating models, identifying potential weaknesses or limitations, and implementing controls to mitigate model-related risks. Model Risk Officers play a critical role in safeguarding an organization against financial losses or regulatory penalties that may arise from model failures.

What is the difference between Model Risk Officer vs Quantitative Analyst?

AspectModel Risk OfficerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFADegree in finance, mathematics, or economics; often CFA or related certifications
Work EnvironmentFinancial institutions, risk management teams, regulatory complianceInvestment banks, asset management firms, hedge funds
Employer & Industry UsagePrimarily in banking, insurance, and financial services for risk oversightAcross finance sectors focusing on modeling, trading, and investment analysis

The Model Risk Officer focuses on identifying, assessing, and mitigating risks associated with financial models, ensuring compliance and accuracy. In contrast, a Quantitative Analyst develops and implements complex models for trading, valuation, and investment decisions. While both roles require strong quantitative skills and similar credentials, their primary functions and work environments differ, with the Model Risk Officer emphasizing risk management and regulatory adherence.

More about Model Risk Officer jobs
What states have the most Model Risk Officer jobs? States with the most job openings for Model Risk Officer jobs include:
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Model Risk Officer jobs near you
Infographic showing various Model Risk Officer job openings in the United States as of May 2026, with employment types broken down into 2% As Needed, 74% Full Time, 17% Part Time, 1% Temporary, and 6% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $105,602 per year, or $50.8 per hour.

Senior Quantitative Credit Risk Officer

Huntington

Charlotte, NC

Other

Posted 27 days ago

Job description

Senior Quantitative Credit Risk Officer

The Senior Quantitative Credit Risk Officer plays a key role in the identification and quantifying of credit risks across consumer and business lending segments, leveraging analytical techniques to inform strategy for optimizing risk and return in Huntington's Consumer and Regional Bank lending portfolios. This quantitative leader will partner with experienced risk professionals, senior leaders involved in lending, account management, collections, data stewards, and other quantitative teams to advance the suite of analytical tools available for portfolio management, underwriting, and default management.

Duties and Responsibilities:

  • Serve as a core advisor and trusted partner to model users, model developers, and model owners, providing consultative support and guidance through projects and analytical efforts involving models and quantitative tools to ensure success.
  • Leverage skills in data wrangling and quantitative analysis in partnership with business SMEs to identify emerging credit risks, quantify credit risk of proposed lending and portfolio management strategies, and recommend alternatives.
  • Partner with Credit Risk Administration and Model Development to advance BAU credit loss forecasting approaches and identify opportunities to improve quantitative tools leveraged in decision making.
  • Actively engage with Model Development, Model Risk Management, Credit Risk Administration, and model users to ensure model risk is managed appropriately through the model life cycle for models in use in the Consumer and Regional Bank.
  • Serve as subject matter expert for leveraging Huntington's Enterprise Data Warehouse and other data sources required to quantify and manage credit risk.
  • Communicate risk-related information and quantitative analysis results to stakeholders including model users, senior management, and oversight teams.
  • Partner with other Huntington colleagues to automate processes involving analytical code for efficiency gains.
  • Proactively challenge and influence business and risk partners on credit risk related issues, ensuring that remediations are timely, effective and sustainable.

Basic Qualifications:

  • Advanced degree in a quantitative discipline such as Mathematics, Statistics, Economics, Finance, or related field.
  • Minimum 10 years of experience in a quantitative role working with a regional or national bank in the areas of Audit, Compliance, First or Second Line Risk Management, Model Development, or Model Risk Management
  • 10 years of experience coding in SAS or Python with use of SQL

Preferred Qualifications:

  • Ph.D. preferred in a quantitative discipline such as Mathematics, Statistics, Economics, Finance, or related field.
  • Clear communication skills to all levels of management (written and verbal)
  • 10+ years' experience with at least three consumer or regional bank lending verticals including Residential Mortgage, Home Equity, Indirect Auto, Consumer Unsecured, Outdoor Power Equipment, Power Sports, Commercial & Industrial, Commercial Real Estate, Small Business Unsecured, or Deposit Overdrafts

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