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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 ...

Hancock Whitney Bank

The Lead Risk Officer leads the design, execution, and continuous enhancement of the Bank ... Act as liaison across second-line functions (Compliance, IT Risk, Model Risk, Internal Audit) to ...

Jobtailor

Risk Officer

Tampa, FL · On-site

$120 - $180/hr

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 · On-site

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*

Morgan Stanley

E*TRADE Risk Officer

Alpharetta, GA · On-site

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

Sandy, UT · On-site

$120 - $170/hr

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

Sandy, UT · On-site

$120 - $180/hr

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 ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL · On-site

The Chief Risk Officer will partner closely with second- and third-line functions, clearing members ... Enhance model and financial resources back-testing, stress testing scenarios, and credit modelling ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL · On-site

The Chief Risk Officer will partner closely with second- and third-line functions, clearing members ... Enhance model and financial resources back-testing, stress testing scenarios, and credit modelling ...

Careers at KKR

Enterprise Risk Officer

Boston, MA · On-site

... Officer within the Risk Domain Office. The Risk Domain Office is responsible for providing ... As a core component of KKR's Enterprise Risk Operating Model, the team plays a critical role in ...

Bing Recruitment

Chief Risk Officer

Philadelphia, PA · On-site +1

$185K - $250K/yr

Chief Risk Officer DEPT: Executive REPORTS TO: President CLASSIFICATION: Exempt, Full-Time Location ... Strong quantitative skills to interpret complex data and risk models. · Proficient with Microsoft ...

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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 Aug 25, 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.

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What states have the most Model Risk Officer jobs?

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Model Risk Officer jobs near you
Infographic showing various Model Risk Officer job openings in the United States as of August 2026, with employment types broken down into 96% Full Time, and 4% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $105,602 per year, or $50.8 per hour.

Risk Officer

World Bank

Washington, DC • On-site

Full-time

Posted 20 days ago

Job description

The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world's greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 130 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative changes around the globe. 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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