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Model Risk Jobs in Massachusetts (NOW HIRING)

Karen Clark & Company

Risk Consultant

Boston, MA · On-site

$85K - $110K/yr

Risk Consultant Karen Clark & Company seeks a Risk Consultant to join our Client Services team ... In tandem with the model development team, you will conduct thorough validation analyses of our ...

Karen Clark & Company

Risk Consultant

Boston, MA

Risk Consultant Karen Clark & Company seeks a Risk Consultant to join our Client Services team ... In tandem with the model development team, you will conduct thorough validation analyses of our ...

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Model Risk information

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$15

$33

$80

How much do model risk jobs pay per hour?

As of May 28, 2026, the average hourly pay for model risk in Massachusetts is $33.13, according to ZipRecruiter salary data. Most workers in this role earn between $21.25 and $42.26 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 the most commonly searched types of Model Risk jobs in Massachusetts? The most popular types of Model Risk jobs in Massachusetts are:
What are popular job titles related to Model Risk jobs in Massachusetts? For Model Risk jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Massachusetts look for? The top searched job categories for Model Risk jobs in Massachusetts are:
Model Risk jobs near you

Sourcing - UW Risk Model Lead-Commercial Lines Insurance

Liberty Information Technology Limited

On-site, Remote

$137K/yr

Full-time

Posted 8 days ago

Job description

Description
As a Liberty Mutual Insurance actuary, you'll use your analytical talents to resolve thought-provoking business problems and bring value to our customers. You'll work in a collaborative and dynamic work environment where the challenges are on-going.
Role Description
The Global Risk Solutions (GRS) Capital & Analytics group is seeking a highly motivated individual to join its Insurance Risk Parameterization & Analytics team. This individual will manage a small team of modelers responsible for designing, developing, and implementing dynamic UW Risk modeling and analysis for the Global Risk Solutions organization. They will support UW Risk parameterization, modeling, and validation as well as wide ranging uses of the models.
The successful candidate will have strong analytical, leadership, and project management abilities. They will be skilled at developing complex insurance risk models and experienced at identifying and solving complex capital modeling related problems. In addition, they will have a deep understanding of commercial lines insurance and reinsurance, have good business judgment, and be comfortable owning important analyses that will receive significant visibility.
Global Risk Solutions is a leading provider of commercial, specialty insurance, and reinsurance products, delivering a wide array of innovative products, deep technical expertise, strong client engagement and market-leading performance worldwide. The product lines include workers' compensation, commercial multi-peril, surety bonds, crisis management, marine, terrorism, management liability, cyber liability, and energy. Successful candidate must have commercial lines insurance experience.
Responsibilities
  • Parameterize UW Risk excluding natural catastrophe risk
  • Build and maintaining UW risk models
  • Validate model parameterization and model function
  • Collaborate with Underwriting and Actuarial to understand the business and guide development of Risk Analytic tools that accurately reflect the business
  • Develop tools to evaluate and optimize the GRS reinsurance program
  • Provide ad hoc consultation to other teams and to leaders on UW Risk related topics
  • Implement timely and practical solutions to complex problems
  • Lead or participate in cross-Liberty efforts on UW risk modeling
  • Develop departmental policies & procedures

Qualifications
  • Bachelor's degree in a quantitative field desired
  • FCAS or equivalent actuarial designation, or advanced degree combined with relevant experience
  • 7-10 years progressively responsible experience, including supervisory experience
  • Strong analytical skills with solid understanding of casualty actuarial techniques, standards, and assumptions
  • Strong project management skills with ability to balance multiple initiatives, adapt to changing needs, and prioritize incoming requests
  • Strong communication skills with demonstrated ability to convey complex information clearly and concisely, both verbally and in writing to all levels of management
  • Ability to establish and build effective relationships within and outside the organization
  • Comfort with solving new problems and generating new ideas
  • Ability to build complex models
  • Experience with financial modeling and forecasting
  • Experience with UW Risk and capital modeling software including ReMetrica
  • Expert in MS Excel and Visual Basic for Applications (VBA); experience with UW risk / capital modeling software, R, and Python a plus

Qualifications
  • Bachelor's degree required; Masters degree preferred
  • FCAS or equivalent actuarial designation, or advanced degree combined with relevant experience
  • 5-10 years progressively responsible experience, including supervisory experience
  • Ability to foster teamwork and relationships across organizational line
  • Knowledge of underwriting concepts including company/agency relationships' importance to the business success.
  • Written and verbal communication skills, including the ability to effectively express technical actuarial and statistical concepts to non-technical individuals internal and external to the organization
  • Advanced decision making, problem solving and analytical skills
  • Expands/maintains Actuarial professional knowledge through society (CAS/AAA) publications and meetings/conferences
  • Strong analytical skills with solid understanding of casualty actuarial techniques, standards, and assumptions
  • Strong project management skills with ability to balance multiple initiatives, adapt to changing needs, and prioritize incoming requests
  • Strong communication skills with demonstrated ability to convey complex information clearly and concisely, both verbally and in writing to all levels of management
  • Ability to establish and build effective relationships within and outside the organization
  • Comfort with solving new problems and generating new ideas
  • Experience with financial modeling and forecasting and ability to build complex models
  • Experience with UW Risk and capital modeling software including ReMetrica
  • Expert in MS Excel and Visual Basic for Applications (VBA); experience with UW risk / capital modeling software, R, and Python a plus

Employees may apply for a new role after completing 12 months of employment in their current position.
About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

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