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Model Risk Officer Jobs in California (NOW HIRING)

cathaybank

AVP, Business Risk Analyst

El Monte, CA

$93K - $114K/yr

... Control Officers (BRCOs) across assigned units. The centralized team drives consistency and ... Build statistical and trend-based analysis models to monitor risk concentrations and operational ...

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 ...

Cathay Bank

AVP, Business Risk Analyst

El Monte, CA · On-site

$93K - $114K/yr

... Control Officers (BRCOs) across assigned units. The centralized team drives consistency and ... Build statistical and trend-based analysis models to monitor risk concentrations and operational ...

ValidMind

VP, Finance

San Francisco, CA · Remote

Remote PST) About ValidMind ValidMind is a fast-growing B2B AI governance and model risk management ... Reporting directly to the CEO, this is a true builder + operator role. You will help shape company ...

ValidMind

VP, Finance

San Francisco, CA · On-site

Remote PST) About ValidMind ValidMind is a fast-growing B2B AI governance and model risk management ... Reporting directly to the CEO, this is a true builder + operator role. You will help shape company ...

Cybercoders

Chief Investment Officer

Los Angeles, CA · On-site

The CIO will define investment objectives, oversee portfolio construction and risk management, and ... This role requires a strategic leader with deep expertise in investments, financial modeling, and ...

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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 Jun 20, 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 June 2026, with employment types broken down into 1% As Needed, 86% Full Time, 9% Part Time, 1% Temporary, and 3% Contract. Highlights an 97% Physical, and 3% Remote job distribution, with an average salary of $104,219 per year, or $50.1 per hour.
Risk Management - Credit Officer - Associate

Risk Management - Credit Officer - Associate

JP Morgan Chase

Irvine, CA • On-site

Full-time

Medical, Retirement

Posted yesterday

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 470 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Credit Officer Associate within the Credit Risk team, you will conduct essential credit analysis, perform due diligence, and review documentation for new commercial real estate transactions with an emphasis on multifamily lending. You will operate in a dynamic, high-volume, and fast-paced environment, analyzing loans ranging from $1 million to $25 million+. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship.

Job Responsibilities:

  • Implement all facets of credit analysis on commercial real estate and multifamily loans
  • Identify issues and concerns, evaluate results, and formulate effective recommendations in a timely manner
  • Build and maintain strong relationships with internal business stakeholders including sales, processing, closing, and legal
  • Apply relevant policies, standards, procedures, and regulatory requirements to all credit analysis activities
  • Apply data analysis techniques to interpret results and provide insights and recommendations to management
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge
  •  

Required qualifications, capabilities, and skills:

  • Bachelor's degree in a business or finance concentration
  • 2 years of experience in commercial real estate lending or 3 years of other banking or finance experience
  • Good understanding of multifamily real estate property valuations and cash flow analysis
  • Strong financial analysis skills, including evaluating property cash flows, property valuation, and personal financial statements
  • Ability to manage competing priorities effectively in a collaborative, high-volume environment while maintaining attention to detail
  • Excellent verbal and written communication and problem-solving skills
  • Ability to prioritize, plan, and manage processes to complete credit analysis and other assignments as needed
  • Familiarity with regional markets and municipal regulations
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems
  •  

Preferred qualifications, capabilities, and skills:

  • Experience as a loan underwriter in commercial real estate lending 
  • Experience with proprietary credit risk management tools
  • Experience with large language model tools

FEDERAL DEPOSIT INSURANCE ACT: This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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