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Model Risk Validation Internal Audit Jobs (NOW HIRING)

Telhio Credit Union

Internal Audit Manager

Columbus, OH · Hybrid

$97K - $129K/yr

Oversee a hybrid audit delivery model combining internal audit work with outsourced specialty ... Validation * Partner with the Risk Team to track management action plans for all internal and ...

Telhio Credit Union

Internal Audit Manager

Columbus, OH · On-site

$97K - $129K/yr

... curity, BSA/AML, model risk, ALM). * Manage relationships, contracts/SLAs, and performance ... Coordinate with the outsourced audit provider for independent validation of completed actions. 7. ...

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$33.5K

$76.2K

$119.5K

How much do model risk validation internal audit jobs pay per year?

As of Jun 5, 2026, the average yearly pay for model risk validation internal audit in the United States is $76,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,500.00 and $90,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Model Risk Validation Internal Auditor, and why are they important?

To thrive as a Model Risk Validation Internal Auditor, you need strong quantitative and analytical skills, knowledge of financial models, and typically a degree in finance, mathematics, statistics, or a related field. Familiarity with risk management frameworks, model validation software, programming languages like Python or R, and relevant certifications such as FRM or CFA is highly valued. Exceptional attention to detail, critical thinking, and effective communication are vital soft skills for this role. These competencies are essential to ensure accurate model assessments, regulatory compliance, and clear reporting of complex risks to stakeholders.

What is Model Risk Validation Internal Audit?

Model Risk Validation Internal Audit refers to the independent assessment and review of a financial institution’s models and the associated risk management processes. This function ensures that models used for decision-making, such as credit, market, or operational risk models, are accurate, reliable, and compliant with regulatory standards. Auditors in this role evaluate whether model validation processes are robust, effective, and properly documented, helping to mitigate risks associated with model errors or misuse. Their work is crucial for maintaining the integrity and stability of the organization’s risk management framework.

How does a Model Risk Validation Internal Auditor typically collaborate with other departments during an audit?

A Model Risk Validation Internal Auditor works closely with teams such as model development, risk management, compliance, and IT during the audit process. Collaboration often involves reviewing model documentation, discussing methodologies with model developers, and ensuring all regulatory requirements are met. Effective communication is key, as auditors must clarify findings and recommendations to both technical and non-technical stakeholders. This cross-functional interaction ensures a thorough understanding of model risks and promotes continuous improvement across the organization.

What is the difference between Model Risk Validation Internal Audit vs Model Risk Validation?

AspectModel Risk ValidationModel Risk Validation Internal Audit
Primary FocusAssessing model accuracy, performance, and complianceEvaluating model risk management processes and controls
Work EnvironmentQuantitative analysis, model testing, validation proceduresAudit procedures, control assessments, process reviews
CertificationsFRM, CFA, or related quantitative credentials often preferredCPA, CIA, or internal audit certifications common

Model Risk Validation focuses on testing and validating models to ensure their accuracy and compliance. Model Risk Validation Internal Audit evaluates the effectiveness of the overall model risk management processes and controls within an organization. While both roles require understanding of models and risk, validation is more technical and analytical, whereas internal audit emphasizes control assessment and process improvement.

Infographic showing various Model Risk Validation Internal Audit job openings in the United States as of May 2026, with employment types broken down into 86% Full Time, and 14% Part Time. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $76,185 per year, or $36.6 per hour.

Specialist, Program and Project Management (Model Risk Validation)

BNY

Manhattan, NY • On-site

$108K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

Specialist, Program & Project Management (Model Risk Validation)

We're seeking a future team member for the role of Specialist, Program & Project Management (Model Risk Validation) to join our Model Risk Validation team. This role is located in New York City.

In this role, you'll make an impact in the following ways:

  • Contribute to the preparation of team and stakeholder meetings.
  • Prepare written proposals for enhancements to model risk standards, templates and model risk controls.
  • Follow-up and close open management actions.
  • Generate model risk reports as needed.

To be successful in this role, we're seeking the following:

  • 2+ years of experience
  • Bachelor's degree in quantitative or business discipline (e.g., Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, Accounting, Risk Management, or Law), or an equivalent combination of education and directly relevant experience in risk, compliance, audit, or model governance.
  • Strong communication and writing skills

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