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Model Risk Officer Jobs (NOW HIRING)

Socotra, Inc.

VP, L&A Risk

Jersey City, NJ · On-site

$131K - $176K/yr

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 ...

New

Socotra, Inc.

VP, L&A Risk

Nashville, TN · On-site

$121K - $163K/yr

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 ...

New

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

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

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

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

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

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.

VP, L&A Risk

Jersey City, NJ • On-site

Socotra, Inc.
See more jobs at Socotra, Inc.external

$131K - $176K/yr

Other

Posted 2 days ago

New

Job description

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry.Click herefor moreinformation about Fortitude Re.

The VP, Life & Annuity Risk is part of Fortitude Re's independent Enterprise Risk Management organization. This role supports the Life & Annuity Risk and Model Risk Management Teams in second line risk oversight of a $100bn long-term reinsurance business and the ALM models that at the intersection of business strategy, reserving and capital.

The ERM organization’s goal is to ensure Fortitude Re has a comprehensive framework for understanding the risks across its lines of business — enabling the company to manage risk effectively, evaluate current and emerging risk challenges and opportunities, and enhance shareholder value.

Candidates will have the opportunity to shape Fortitude Re’s evolving risk management framework while helping manage the risks associated with implementing models for large and diverse blocks of new business.

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 position may move to report directly to the Model Risk Officer.

This role will be based remotely with a minimum of 30% travel expected to our Nashville, TN and Jersey City, NJ offices.

What You Will Do:

Risk Oversight & Business Support

  • Contribute to a robust risk management program that integrates with business partners to provide pragmatic oversight, challenge, and review.
  • Challenge first-line risk identification and reporting across life, health, and annuity businesses; keep ERM leadership informed of material risks and policy compliance.
  • Lead ERM support for Bermuda EBS activities, including financial reporting and attributions, new deal integration, model updates, management of topsides & simplifications, and regulatory examinations/reviews.

Model Risk Management

  • Oversee and manage ERM support for all ALM-related models to ensure proper usage given limitations, consistency and appropriateness of methodology across models, and compliance with model risk management standards.
  • Support broader model risk and operational risk functions under the direction of the Model Risk Officer.
  • Ensure model risk policies, standards, and procedures are met to comply with internal governance and regulatory requirements for ALM-related models.
  • Provide input to the MRO on the Model Governance Committee with regard to model risk matters, and develop model risk reporting and documentation to support audit or other external reviews.

People Management

  • Manage an actuarial student and any other direct team members; manage timeline, sequencing and resources for model reviews which include tactical and SME support from other ERM team members.
What You Will Have:
  • 10+ years of related experience with long-term insurance liabilities.
  • Strong Life & Annuity and financial modeling experience; ideally a credentialed actuary or someone with deep expertise in insurance ALM projections.
  • Deep knowledge of life and annuity insurance/reinsurance, ALM, and capital frameworks.
  • Working knowledge of the Bermuda EBS reserve and capital framework.
  • Strong understanding of market, credit, and insurance risks affecting long-term liabilities.
  • Strong analytical skills with the ability to independently hold and defend a risk position.
  • Experience using economic capital models for business decisions and solvency monitoring.
  • Experience managing multiple stakeholders, including subsidiary/parent relationships.
  • Experience with various software packages commonly used in actuarial practice such as Microsoft Office (e.g., Excel, PowerPoint), Actuarial projections (e.g., AXIS, SLOPE, Prophet), programming languages (e.g., Julia, Python, C++).
  • Collaborative skills and gravitas to manage risk issues across long-term businesses.

#LI-Remote

At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.

We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.

By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes. For more on how we handle your personal data, please review our Applicant Privacy Notice. Concerned about recruitment fraud? Learn how to verify Fortitude Re's recruitment process: Recruitment Fraud Notice

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