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Model Risk Officer Jobs (NOW HIRING)

World Bank

Risk Officer

Washington, DC · On-site

CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. Duties and Accountabilities: Conduct independent validation of models within the CROMR ...

The World Bank Group

Risk Officer

Washington, DC · On-site

CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. Duties and Accountabilities: Conduct independent validation of models within the CROMR ...

World Bank Group

Risk Officer

Washington, DC · On-site

CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. Duties and Accountabilities: * Conduct independent validation of models within the CROMR ...

Fortitude Re

VP, L&A Risk

Nashville, TN · On-site

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Fortitude Re

VP, L&A Risk

Nashville, TN · Hybrid

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Fortitude Re

VP, L&A Risk

Jersey City, NJ · Hybrid

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Socotra, Inc.

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Socotra, Inc.

This position will report to the L&A Risk Officer, with an indirect reporting relationship to the Model Risk Officer. As the ALM modeling infrastructure at Fortitude continues to mature, this ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

... Risk Officer in providing senior management and the Board with an enterprise view of risks Your ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

... Risk Officer in providing senior management and the Board with an enterprise view of risks Your ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

EagleBank

Model Risk Management Officer

Bethesda, MD · On-site

$152K - $261K/yr

Responsibilities The Model Risk Management Officer aids the Board of Directors, senior management, and personnel in the governance of data and the assurance of data integrity through the ...

Freddie Mac

Model Risk Senior Lead

Mclean, VA · On-site

... Risk Officer in providing senior management and the Board with an enterprise view of risks Your ... Partner with model owners, model developers, validators, and business stakeholders to promote ...

EagleBank

Model Risk Management Officer

Bethesda, MD · Hybrid

$152K - $261K/yr

Responsibilities The Model Risk Management Officer is the Bank's second-line expert for model risk and quantitative financial risk analytics, administering model inventory, risk assessments ...

EagleBank

Model Risk Management Officer

Bethesda, MD · On-site

$152K - $261K/yr

Responsibilities The Model Risk Management Officer is the Bank's second-line expert for model risk and quantitative financial risk analytics, administering model inventory, risk assessments ...

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Model Risk Officer information

See salary details

$32.5K

$105.6K

$160K

How much do model risk officer jobs pay per year?

As of Sep 14, 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 is a model risk officer?

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 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 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 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:

What are popular job titles related to Model Risk Officer jobs?

For Model Risk Officer jobs, the most frequently searched job titles are:

Model Risk Officer jobs near you
Infographic showing various Model Risk Officer job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $105,602 per year, or $50.8 per hour.

Risk Officer

Washington, DC • On-site

World Bank
International Trade Financing • 1 - 5K employees
Learn more about World Bankexternal

Full-time

Re-posted 10 days ago

Key responsibilities

  • Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework.

  • Build, maintain, and enhance independent benchmark quantitative models using Python across various risk areas supported by robust analytical data infrastructure.

  • Support model governance activities by assigning risk ratings, monitoring validation status, and assessing compliance with framework requirements.

Job description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 130 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

VPU Context
The WBG Chief Risk Officer Vice Presidency (CROVP) is the core unit responsible for Group-wide institutional risk oversight, including establishment and monitoring adherence to risk policies and guidelines and risk assessment and reporting to the Board and executive management. Its mission is to enable and support the WBG to achieve its goals in a financially sustainable manner. The VPU assists management with identifying and managing Group-wide cross-cutting risks, enhancing risk response decisions, reducing financial and operational surprises and losses, seizing opportunities and improving deployment of capital.  The WBG CRO Vice Presidency includes the IBRD/IDA, IFC, and MIGA risk teams and covers a wide range of financial and non-financial risks.
CROMR is looking to recruit a Risk Officer under the Model Risk function in CROVP, based in Washington, DC. 

Duties and Accountabilities:
Conduct independent validation of models within the CROMR model inventory, ensuring consistency, rigor, and adherence to the model risk governance framework, identifying model risks and engaging with stakeholders on appropriate remediation actions and follow-up plans.
Independently build, maintain, and enhance independent benchmark quantitative models using Python programming language, across areas such as economic capital, financial statement forecasting, credit risk, market risk and non-financial risk, supported by robust analytical data infrastructure, automated quality controls, and structured data storage to enable efficient, reproducible, and well-governed model development and validation.
Ensure the CROMR model analytics library remains robust, well tested, well documented, and current, with benchmark models maintained for on-demand execution and effective support of independent model validation and challenge.
Build and maintain good working relationships with model development/owners' teams to support the establishment, communication, and consistent application of model validation & governance standards.
Support model governance activities for models within the inventory, including assigning independent model risk ratings, monitoring validation status, assessing compliance with the framework requirements.
Contribute to strengthening awareness and understanding of the model governance environment across the World Bank Group through collaboration, communication, and engagement with relevant stakeholders.
Build and maintain external professional relationships and industry contacts to stay abreast of emerging practices and developments in model risk management and quantitative modelling.

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