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Model Risk Jobs in Louisiana (NOW HIRING)

Accenture

We are looking for a Technology Risk Functional Consultant with solid experience in IT Risk / GRC ... At Accenture, recognized as a Great Place To Work, we are committed to a hybrid work model that ...

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$12

$25

$63

How much do model risk jobs pay per hour?

As of May 30, 2026, the average hourly pay for model risk in Louisiana is $25.94, according to ZipRecruiter salary data. Most workers in this role earn between $16.63 and $33.08 per hour, depending on experience, location, and employer.

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

To thrive as a Model Risk Analyst, you need a solid background in quantitative analysis, statistics, or finance, often supported by an advanced degree in a related field. Familiarity with model validation tools, programming languages such as Python or R, and regulatory frameworks like SR 11-7 is essential. Strong analytical thinking, attention to detail, and effective communication skills are crucial for evaluating models and presenting findings to stakeholders. These skills ensure model integrity, regulatory compliance, and risk mitigation in financial institutions.

What are some typical challenges faced by professionals working in Model Risk, and how can they be addressed?

Professionals in Model Risk often encounter challenges such as ensuring model accuracy, managing regulatory compliance, and effectively communicating complex technical findings to non-technical stakeholders. Addressing these challenges requires a strong understanding of both quantitative modeling and relevant regulations, as well as strong collaboration skills to work with model developers, auditors, and business units. Staying informed about evolving regulatory standards and participating in ongoing training can also help model risk professionals remain effective and add value to their organizations.

What is model risk?

Model risk refers to the potential for adverse consequences resulting from decisions based on incorrect or misused models. In financial institutions, model risk can arise if a model's assumptions are flawed, if the data input is poor, or if the model is applied inappropriately. Managing model risk involves validating models, monitoring their performance, and ensuring that they are used within their intended scope. Effective model risk management helps organizations avoid significant financial losses and comply with regulatory requirements.

What is the difference between Model Risk vs Model Validation?

AspectModel RiskModel Validation
Primary FocusIdentifying, assessing, and mitigating risks associated with modelsEvaluating and testing models to ensure accuracy and reliability
Required CredentialsQuantitative skills, risk management certifications, industry experienceQuantitative expertise, validation certifications, industry knowledge
Work EnvironmentRisk management teams within financial institutions or firmsModel validation teams, often within risk or model development departments
Industry UsageUsed across banking, insurance, and investment firms to manage model-related risksCommonly employed in financial services to verify model performance

Model Risk focuses on managing the potential negative impacts of models, including errors and misuse, while Model Validation concentrates on testing and confirming the accuracy and robustness of models. Both roles are essential in financial industries to ensure models are reliable and risks are minimized.

What are popular job titles related to Model Risk jobs in Louisiana? For Model Risk jobs in Louisiana, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Louisiana look for? The top searched job categories for Model Risk jobs in Louisiana are:
Model Risk jobs near you

Deputy Chief Risk Officer

Investar Bank National As

Baton Rouge, LA • On-site

Full-time

Posted 28 days ago

Job description


Job Function –
Supports the Chief Risk Officer (CRO) by managing enterprise-wide risk, overseeing risk frameworks, developing policies, monitoring Key Risk Indicators, reporting to Board and Management, and implementing strategies that align with Investar Bank’s risk appetite to achieve strategic goals. The Deputy Chief Risk Officer often acts as the Chief Risk Officer’s second in command.

Job Responsibilities –

Supports CRO in tactical and strategic management of the Enterprise Risk Management (ERM) Program.

Coordinates the development or revisions of policies, procedures and agreements to ensure compliance with regulatory processes, ensuring that deviations from policy are corrected and reported.

Supports areas of responsibility with regulatory management activities including exam readiness processes, exam preparation, evidence management and regulatory communications

Supports the CRO in establishing and continuously maturing the company's Enterprise Risk Management Program strategy, programs, functions, processes, staffing models, strategic roadmaps and other related program management functions.

Works closely with business units to design and implement risk mitigation strategies and controls to reduce the likelihood of identified risks.

Drives technology and innovations to support risk and compliance reporting enhancements and efficiencies.

Supports the CRO in directing the company's annual Risk Assessment Program that includes conducting annual risk assessments, executive risk reporting, risk appetite development with the Board of Directors, risk mitigation strategy development and ongoing risk monitoring through Key Risk Indicator (KRI) development and reporting.

Monitors and reports on a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the risk management department to have a comprehensive understanding of risk positions, market conditions and the impact of new initiatives.

Manages and supports various enterprise risk programs, including Model Risk Management, Third Party Risk Management, Data Governance, and Business Continuity/Disaster Recovery.

Develops methods to quantify and measure various types of risks and use these quantitative models and tools to estimate potential losses and assess risk exposures.

Stays current with regulatory requirements and ensure Investar Bank's risk management practices align with the applicable laws and regulations.

Acts as second-in-command to the Chief Risk Officer, functioning as a Chief Risk Officer for the company when that authority is delegated.

All other duties as assigned.

Education and Related Experience –

• Bachelor’s degree in a related field or equivalent combination of coursework and work experience.

• Minimum of 7+ years’ progressive experience in risk management, analysis and regulatory practice within banking or the financial services industry.

• OCC Regulatory or Financial Services Consulting experience desired

• MBA or other professional certifications such as FRM, PRM or CRCM are encouraged

Skills and Abilities –

• Must possess strong communication, analytical, negotiation and presentation skills.

• Must be proficient at MS Office products such as Excel, Access, Power BI and PowerPoint

• Must have strong knowledge of portfolio management concepts and “best practices” in risk

management methods, i.e., value-at-risk and stress testing and in the use of advanced quantitative techniques, such as, but not limited to, Monte Carlo simulation, optimization, stochastic processes, term structure modeling, and econometrics.

• Must have the ability to independently formulate and draft balanced, well-reasoned recommendations and to present such recommendations persuasively to senior management.

Working Conditions and/or Physical Requirements –

• Ability to work under stress and meet deadlines.

• Ability to operate a keyboard if required performing the essential job functions.

• Ability to read and interpret a document.

• Ability to travel if required to perform the essential job functions.

• Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.

Equal Opportunity Employer/Veterans/Disabled

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