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Model Risk information

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$15

$33

$81

How much do model risk jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for model risk in New York is $33.19, according to ZipRecruiter salary data. Most workers in this role earn between $21.30 and $42.36 per hour, depending on experience, location, and employer.

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 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 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 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 are the most commonly searched types of Model Risk jobs in New York? The most popular types of Model Risk jobs in New York are:
What are popular job titles related to Model Risk jobs in New York? For Model Risk jobs in New York, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in New York look for? The top searched job categories for Model Risk jobs in New York are:
Model Risk jobs near you
Infographic showing various Model Risk job openings in New York as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $69,033 per year, or $33.2 per hour.

Vice President - Model Risk Management

Tradeweb Markets

New York, NY • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 22 days ago

Job description


Tradeweb is a global leader in electronic trading across asset classes. As financial markets become increasingly interconnected, our technology enables efficient, multi-asset trading on a global scale. We serve more than 3,000 clients in more than 85 countries, including many of the world's largest banks, asset managers, hedge funds, insurers, corporations, and wealth managers.
Creative collaboration and sharp client focus have helped fuel our organic growth. We facilitated average daily trading volume (ADV) of more than $2.8 trillion over the past four fiscal quarters, topping $3.3 trillion in ADV for the first quarter of 2026.
Since our IPO in 2019, Tradeweb has completed four acquisitions and doubled our revenues - and 2025 was our 26th consecutive year of record revenues.
Tradeweb plays a central role in modernizing market structure by developing innovative trading protocols, embedding analytics into execution, and building technology infrastructure that supports the convergence of traditional and digitally native financial markets. Tradeweb is a great place to work, recognized in 2025 by Forbes as one of America's Best Companies and by U.S. News & World Report as one of the Best Financial Services Companies to Work For.
Tradeweb Markets LLC ("Tradeweb") is proud to be an EEO Minorities/Females/Protected Veterans/Disabled/Affirmative Action Employer.
Workplace Posters | U.S. Department of Labor
Group Details
Tradeweb is seeking a Risk Management Vice President to support its Model Risk Governance and Model Management framework. Reporting to the Head of Financial Risk, the successful candidate will help manage day-to-day governance activities for models, calculation engines, pricing logic, analytics and related technology changes that may impact external-facing customer pricing or trading workflow outputs.
This role will work closely with Development, Product, Technology, Quantitative Analytics, Risk and other internal stakeholders. The individual will help ensure proposed changes are reviewed through the appropriate governance process, supported by clear documentation and testing evidence, and remain within the defined parameters of Tradeweb's model risk governance program.
The role is well suited to a candidate with practical quantitative and technology fluency, strong governance discipline and the ability to work directly with technical teams to understand calculation logic, ask informed questions, review testing evidence and escalate control concerns. The successful candidate should be comfortable translating technical issues into clear risk and control considerations for Financial Risk management and governance forums.
Job Responsibilities
  • Support the day-to-day operation of Tradeweb's model risk governance and model management framework.
  • Maintain model governance records, including model inventory information, risk classifications, review status, documentation, approvals, open issues and remediation actions.
  • Work with Development and Product teams to understand new or amended calculation engines, pricing logic, analytics, data inputs, assumptions, dependencies and customer-facing impacts.
  • Help ensure model and calculation engine changes follow established governance standards for documentation, review, testing, approval, implementation and ongoing monitoring.
  • Review validation and testing evidence at an appropriate level, including the reasonableness of test approach, coverage of key scenarios, evidence quality and traceability to the proposed change.
  • Challenge model owners, developers and product teams where documentation, testing or governance evidence is incomplete, unclear or inconsistent with required standards.
  • Perform high-level review of implementation logic, code or configuration summaries, data flows and controls to assess whether proposed changes are consistent with approved requirements.
  • Escalate material issues, control gaps or delays to the Head of Financial Risk and relevant governance forums.
  • Prepare concise reporting on model inventory status, review activity, open findings, remediation progress and emerging model governance themes.
  • Support governance review of AI, machine learning, generative AI or agentic workflow use cases where applicable, with focus on use case purpose, controls, oversight, documentation and monitoring.

Qualifications
  • BA/BS degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, Information Systems, Business or a related discipline.
  • 4-7 years of relevant experience in model governance, model validation, risk management, technology risk, product control, software delivery oversight, data analytics, financial technology or a related financial services role.
  • Quantitative aptitude with the ability to understand calculation logic, assumptions, inputs, outputs, limitations and testing results at a practical review level.
  • Technology fluency, including comfort discussing systems, data flows, development processes and code or configuration changes with technical teams.
  • Experience working with developers, product owners, technology teams or business stakeholders to support controlled change delivery.
  • Ability to review documentation and testing evidence, identify gaps, ask informed questions and escalate issues appropriately.
  • Strong organizational, written and verbal communication skills, with the ability to manage multiple reviews and summarize technical topics for risk management and business stakeholders.
  • Strong attention to detail, sound judgment and ability to challenge constructively while maintaining effective working relationships.
  • Financial services, fintech, trading, market data, risk management or regulated technology environment experience.

Desired Skills
  • Exposure to pricing, valuation, trading analytics, fixed income products, market data, electronic trading or customer-facing financial technology outputs.
  • Prior involvement with model inventories, governance committees, change management forums, release governance, audit remediation or internal control programs.
  • Experience with technology infrastructure, software development lifecycle controls, data lineage, production support or application control processes.
  • Exposure to AI, machine learning, large language models, generative AI or agentic workflows from a governance, controls, risk or technology perspective.
  • Ability to read code or query data at a basic to intermediate level; experience with tools such as Python, SQL, Tableau, Power BI, Jira, Confluence or similar platforms is helpful but not required.
  • Experience preparing dashboards, metrics, management reporting, workflow documentation or process improvement materials.

Additional Information
Tradeweb is committed to providing valuable and competitive benefits. In addition to working in our culture of innovation and collaboration, we offer:
  • Health Insurance: Highly competitive medical, dental, and vision programs
  • Hybrid Environment: Our employees have the flexibility of working in the office and from home.
  • Health Care and Dependent Care Flexible Spending Accounts: You may elect to set aside pre-tax earnings to pay for eligible health care and dependent day care expenses for you and your eligible family members.
  • Maven Family Building Benefit: Maven offers support for fertility and preconception; pregnancy and post-partum; adoption; surrogacy and pediatrics for children up to age 10. Tradeweb provide a $10,000 lifetime reimbursement towards fertility, egg freezing, adoption and surrogacy expenses.
  • Building Wealth - 401(k) Savings Plan: Employees are immediately eligible for the 401(k) plan. Participants may contribute up to 75% of eligible compensation into a traditional 401(k) and/or Roth 401(k). Tradeweb will match 100% of the first 4% of compensation that you contribute.
  • The current pay range for this role if performed in the city of New York is currently $ 150,000 to $175,00 per year, based on a regular, full-time schedule. The amount of pay offered will be determined by a number of factors, including but not limited to qualifications, market data, geographic location, and internal guidelines.

Other Benefit Programs
  • Pre-Tax Commuter Benefits Program
  • ARAG Legal Services
  • Employee Assistance Program
  • Tuition Reimbursement
  • Financial Wellness Tools
  • Travel Assistance Benefits
  • Pet Insurance
  • Corporate Gym Subsidies
  • Wellness Perks
  • Paid Time Off and Parental Leave

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