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Model Risk Officer Jobs in California (NOW HIRING)

Cathay Bank

VP, ALM Officer

El Monte, CA · On-site

$148K - $175K/yr

... ALM Officer supports Cathay Bank's (the Bank) asset liability management, interest rate risk ... The VP partners closely with Treasury, FP&A, Risk, and Finance teams to ensure accurate modeling ...

Intuit

Staff Fraud & Risk Analyst

Mountain View, CA · On-site

$176K - $238K/yr

... model to a non-technical audience without dumbing it down Preferred - Experience with fraud economics or credit risk policy - Background working within or alongside a CRO or CFO organization ...

Intuit

Staff Fraud & Risk Analyst

Mountain View, CA

$176K - $238K/yr

... model to a non-technical audience without dumbing it down Preferred - Experience with fraud economics or credit risk policy - Background working within or alongside a CRO or CFO organization ...

Intuit

Staff Fraud & Risk Analyst

Mountain View, CA · On-site

$176K - $238K/yr

... model to a non-technical audience without dumbing it down Preferred - Experience with fraud economics or credit risk policy - Background working within or alongside a CRO or CFO organization ...

Low Income Investment Fund

Credit Officer

Los Angeles, CA · On-site

$164K - $205K/yr

Risk Rating Model : The Credit Officer will be responsible for ongoing management of LIIF's Risk Rating Model, which is a component of the Impact, Risk and Profitability (IRP) Framework guided by ...

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All JobsModel Risk Officer JobsModel Risk Officer Jobs in California

Model Risk Officer information

See California salary details

$32.1K

$104.2K

$157.9K

How much do model risk officer jobs pay per year?

As of Jul 14, 2026, the average yearly pay for model risk officer in California is $104,219.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,400.00 and $128,300.00 per year, depending on experience, location, and employer.

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.

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 popular job titles related to Model Risk Officer jobs in California? For Model Risk Officer jobs in California, the most frequently searched job titles are:
What job categories do people searching Model Risk Officer jobs in California look for? The top searched job categories for Model Risk Officer jobs in California are:
Model Risk Officer jobs near you
Infographic showing various Model Risk Officer job openings in California as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 14% Part Time, 2% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $104,219 per year, or $50.1 per hour.
Quantitative Model Risk Officer (Remote WA, OR, ID & CA)

Quantitative Model Risk Officer (Remote WA, OR, ID & CA)

Banner Bank

Los Angeles, CA • On-site, Remote

$117K - $154K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago

Banner Bank rating

8.7

Company rating: 8.7 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

23rd of 149 rated banks

Job description

More than 135 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. These core values shape our culture, and we were recently Great Place to Work Certified because of our outstanding workplace culture and employee experience. As well, our financial strength and stability are key reasons Forbes named us one of the Best 100 Banks in America for the ninth consecutive year.

With more than $16 billion in assets and 135 branch locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.

Join a collaborative team dedicated to strengthening safe and sound banking practices through effective model risk management. In this role, you'll play a critical part in validating and monitoring complex models that inform key business decisions. Your work will help ensure accuracy, compliance, and confidence across the organization.
In this role you'll
  • Perform full-scope validations and periodic reviews of financial and risk models to assess conceptual soundness, data integrity, performance, and governance
  • Design and implement model test plans, including reusable code and analytical tools to support future validations
  • Partner with business units to monitor ongoing model performance and ensure alignment with expectations
  • Collaborate with stakeholders to support adherence to model development and implementation standards
  • Contribute to model governance activities, including model inventory, risk rating, and tracking across the bank
  • Prepare clear, thorough validation reports and presentations for senior leadership
  • Maintain detailed documentation and track progress on model risk initiatives
  • Stay current on industry trends, regulatory expectations, and emerging practices in model risk management
 
What we're looking for
  • You have a Master's degree in Statistics, Mathematics, Economics, Finance, or another quantitative discipline (Required).
  •  An equivalent combination of education and experience can be considered in lieu of a degree.
  • You have 6 or more years of bank credit experience in model risk management, model development, or quantitative finance (Required)
What helps you shine
  • You apply advanced statistical and quantitative techniques to assess model assumptions, design, and performance
  • Bring hands-on experience with validation techniques such as back-testing, sensitivity analysis, stress testing, and benchmarking
  • You understand model risk management frameworks, regulatory guidance, and lifecycle governance standards
  • Communicate complex technical concepts clearly and effectively to both technical and non-technical audiences
  • You take initiative and consistently deliver accurate, high-quality work both independently and collaboratively
  • You are proficient in analytical tools such as Excel, R, SAS, and SQL
  • You identify model weaknesses and produce documentation that stands up to regulatory and audit review
 
Travel
  • up to 10%
Our Company Values
  • Do the right thing
  • Mutual respect
  • Teamwork
  • Accountability
 
What Our Team Says
"I have the opportunity to learn and grow every day in my current role. I love the work life balance, knowing that we work hard, and strive for high performance but we are celebrated."
Compensation & Benefits
  • Targeted starting salary range (based on experience): $117,249 - 154,493
  • Annual incentive potential
  • Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
  • Paid vacation time, sick time and 11 company paid holidays
  • 401k (with up to 4% match)
  • Tuition reimbursement
 
Review Banner's employee benefits at: Employee Benefits | Banner Bank

Please take time to review Banner Bank's Consent & Privacy notice before applying.

Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.

Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a third-party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.
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