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Model Risk Validation Internal Audit Jobs (NOW HIRING)

AppFolio

Director, Internal Audit

Santa Barbara, CA

$167K - $209K/yr

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

CA

$167K - $209K/yr

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

Director, Internal Audit

Richardson, TX

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

Director, Internal Audit

Goleta, CA

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

Director, Internal Audit

Richardson, TX

$167K - $209K/yr

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio, Inc.

Director, Internal Audit

Santa Barbara, CA · On-site +1

$167K - $209K/yr

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

Director, Internal Audit

San Diego, CA

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

AppFolio

Director, Internal Audit

San Diego, CA · On-site

$167K - $209K/yr

This is not a status-quo audit role. You'll be doing two things at once: auditing the AI-driven ... model risk, and what HITL oversight means in practice. • Strong grasp of internal control ...

American Express

Manager - Risk Management

Manhattan, NY · On-site

$98K - $150K/yr

The individual will collaborate with various stakeholders, including model owners, validation teams, internal audit, and senior management, to maintain a robust model risk management program. The ...

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Model Risk Validation Internal Audit information

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$33.5K

$76.2K

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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.
Model Risk Analyst

Model Risk Analyst

NEW YORK POWER AUTHORITY

White Plains, NY • On-site

$74K - $102K/yr

Full-time

Posted 22 days ago

Job description

Summary
Perform quantitative and qualitative analysis on models and assessments of their risks, coordinate with the business units to conduct testing of critical models and document results. Manage the model inventory in the company's governance solution, ensure timely updates of forms and questionnaires, maintain ongoing contact with model owners and reviewers, and oversee adherence to model and other risk policies and procedures. Supports the development of tools and techniques to facilitate ongoing model enhancement for the organization. #LI-CJ1
Responsibilities
  • Perform quantitative and qualitative analysis on model risk and other types of risk inventories to identify underlying relationships and assist in the risk roll-up/alignment process
  • Work with the Enterprise and/or Operational Risk team, NYPA management, and staff to facilitate the Model Risk Management and broader risk management process for risk identification, definition, assessment, analysis, mitigation, and monitoring throughout NYPA
  • Generate risk reports for various levels of the organization including the Executive Risk Management and Resilience Committee (ERRMC)
  • Work with Enterprise and Operational Risk leadership to ensure effective alignment of the enterprise and operational processes with Internal Audit, Internal Business Controls, and Compliance
  • Assist Enterprise and Operational Risk Management team (EORM) in the development of training materials and assist in conducting enterprise and/or operational education/training to various levels of NYPA Business Units management and staff
  • Update, maintain and ensure compliance with NYPA's model and other risk frameworks, policies, procedures, and other associated risk management documentation
  • Provide support on the implementation and on-going operation of the Governance, Risk, and Compliance (GRC) software module specific to the model risk programs
  • Coordinate the resolution of risk software problems with the vendor or the NYPA IT department as needed Perform regular updates to the model risk and other risk repositories and perform risk assessments using reporting tools to ensure integrity of the repository database
  • Create and maintain up-to-date meeting minutes, reports and related materials for the Enterprise and Operational Risk website
  • Work with senior EORM Team members to establish and implement the Enterprise and/or Operational Risk task level schedule to ensure timely delivery of assigned work products

Knowledge, Skills and Abilities
  • Working knowledge of various types of risk including Model, Operational, Asset, Project and Enterprise level risks
  • General knowledge of Enterprise-wide risk management program development and implementation; including best practices, frameworks, and associated software systems
  • General knowledge of Internal Audit and Internal Business Controls practices
  • General understanding of the fundamentals of probabilistic scenario analysis and analysis techniques the associated application to risk management
  • Proficient in spreadsheet and/or statistical analysis packages. Working knowledge of Access, Word, PowerPoint, statistical software, and MS Project.
  • Understanding of enterprise risk management best practices as they apply to the energy/utility industry
  • Ability to prepare and deliver clear and concise summaries and insights with assistance from senior specialists and director

Education, Experience and Certifications
  • Bachelor's degree in Business Administration, Finance, Accounting, or Economics
  • A minimum of 2 years directly relevant experience with risk analysis, integration of business processes and development/implementation of enterprise risk programs is preferred

Physical Requirements
The New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The estimated salary range for this position is: $74,000-$102,300. The salary offered will be determined based on the successful candidates' relevant experience, knowledge, skills, and abilities.
The New York Power Authority and Canal Corporation believes that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across New York and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record or any other category protected by law.
NYPA/Canals will also provide reasonable accommodations during the hiring process related to candidates' disabilities, pregnancy-related conditions, religious observances/practices and/or domestic violence concerns. To request an accommodation, please email accessibility@nypa.gov.

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