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Model Risk Officer Jobs (NOW HIRING)

DataAnnotation

Credit Risk Officer

Indiana, PA · Remote

$50 - $60/hr

We are looking for a Credit Risk Officer to join our team to train AI models. You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the quality of ...

Citigroup, Inc.

Regulatory Risk Officer

New York, NY · On-site

$188.18K/yr

A. seeks a Regulatory Risk Officer for its New York, NY location. Duties: Responsible for ... Develop mathematical or statistical models for risk management, asset optimization, pricing, or ...

Farmers Bank

Credit Risk Officer

Little Rock, AR · On-site

GENERAL DESCRIPTION OF POSITION The Credit Risk Officer is responsible for providing independent ... governance model. Oversee the Bank's Enhanced CRE Credit Risk Monitoring framework, including ...

Broadway Bank

Chief Risk Officer

San Antonio, TX

Work closely with the Chief Procurement Officer to monitor and maintain a sound third-party risk ... Develop and maintain an appropriate Model Risk Management program. * Build the ability to withstand ...

Adyen

Credit Risk Officer

Chicago, IL · On-site

Credit Risk Officer - Financial Products As a Credit Risk Analyst based in Chicago, you will be ... Analyze the impact of business model, industry and macro-economic developments on the credit ...

DataAnnotation

Credit Risk Officer

Jackson, MS · Remote

$50 - $60/hr

We are looking for a Credit Risk Officer to join our team to help train the next generation of AI ... We're currently expanding into an exciting new area - teaching AI Assistant models to be a more ...

PJM

VP, Chief Risk Officer

Audubon, PA · On-site

Credit, Model Validation and Enterprise Risk Management functions * Organizational design and ... , the CRO will determine: * Appropriate risk controls * Appropriate methodologies for risk ...

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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 May 30, 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 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 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.

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 job categories do people searching Model Risk Officer jobs look for? The top searched job categories for Model Risk Officer jobs are:
Model Risk Officer jobs near you
Infographic showing various Model Risk Officer job openings in the United States as of May 2026, with employment types broken down into 2% As Needed, 74% Full Time, 17% Part Time, 1% Temporary, and 6% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $105,602 per year, or $50.8 per hour.
Credit Risk Officer

Credit Risk Officer

DataAnnotation

Indiana, PA • Remote

$50 - $60/hr

Full-time, Part-time, Contractor

Posted 18 days ago

Job description

We are looking for a Credit Risk Officer to join our team to train AI models. You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the quality of each model. In this role you will need to hold an expert level of financial reasoning.

Other related fields include, but are not limited to: Financial Accounting, Investment Banking, Wealth Management, and Insurance Planning. Benefits This is a full-time or part-time REMOTE position. You'll be able to choose which projects you want to work on.

You can work on your own schedule. Projects are paid hourly starting at $50-$60 USD per hour, with bonuses on high-quality and high-volume work. Responsibilities Give AI chatbots diverse and complex problems and evaluate their outputs.

Evaluate the quality produced by AI models for correctness and performance. Qualifications Fluency in English (native or bilingual level). Detail-oriented.

Proficient in financial analysis, financial modeling, data analysis, and other reasoning exercises related to finance management. A current, in progress, or completed Masters and/or PhD is preferred but not required. Notes Payment is made via PayPal.

We will never ask for any money from you. PayPal will handle any currency conversions from USD. Only applicants in the United States will be considered for this role.

This is an independent contract position. Referrals increase your chances of interviewing at DataAnnotation by 2x. #J-18808-Ljbffr

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