These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous ...
These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous ...
These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous ...
These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous ...
Quant Audit Manager
Charlotte, NC · On-site
$101K - $133K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Charlotte, NC · On-site
$101K - $133K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Charlotte, NC · On-site
$101K - $133K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Charlotte, NC · On-site
$101K - $133K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Raleigh, NC · On-site
$101K - $132K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Raleigh, NC · On-site
$101K - $132K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Winston Salem, NC · On-site
$96K - $125K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Quant Audit Manager
Winston Salem, NC · On-site
$96K - $125K/yr
Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models ...
Conduct model risk and validation activities, including independent testing, documentation, performance guardrails, and other forms of ongoing monitoring . * Enable organizational adoption through ...
Conduct model risk and validation activities, including independent testing, documentation, performance guardrails, and other forms of ongoing monitoring . * Enable organizational adoption through ...
Charlotte, NC SUMMARY Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used ...
Charlotte, NC SUMMARY Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used ...
As a Quantitative Analytics & Model Development Consultant within PNC's Data, Modeling & Analytics ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
New
As a Quantitative Analytics & Model Development Consultant within PNC's Data, Modeling & Analytics ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...
New
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
... model risk management, credit administration, and loan policy 2. Strong leadership, decision-making and communication skills in the discussion of risk management with a wide range of management ...
One of its key functions is to integrate, in close collaboration with Model Risk Officers, these advanced methodologies and AI agents into the overall risk management strategy, ensuring consistency ...
One of its key functions is to integrate, in close collaboration with Model Risk Officers, these advanced methodologies and AI agents into the overall risk management strategy, ensuring consistency ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending ...
Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite * Supports the methodological, analytical, and ...
Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite * Supports the methodological, analytical, and ...
Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite * Supports the methodological, analytical, and ...
Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite * Supports the methodological, analytical, and ...
Conducting risk assessments across privacy, security, model risk, and misuse scenarios, including prompt injection, sensitive data exposure, excessive agency, and overreliance, and translating ...
Conducting risk assessments across privacy, security, model risk, and misuse scenarios, including prompt injection, sensitive data exposure, excessive agency, and overreliance, and translating ...
Model Risk information
See North Carolina salary details
$17.53 is the 25th percentile. Wages below this are outliers.
$13.11 - $18.03
28% of jobs
The median wage is $20.97 / hr.
$18.03 - $22.96
37% of jobs
$22.96 - $27.88
6% of jobs
$30.96 is the 75th percentile. Wages above this are outliers.
$27.88 - $32.81
6% of jobs
$32.81 - $37.73
12% of jobs
$37.73 - $42.66
0% of jobs
$42.66 - $47.58
0% of jobs
$47.58 - $52.51
8% of jobs
$52.51 - $57.44
0% of jobs
$57.44 - $62.36
0% of jobs
$62.36 - $67.29
2% of jobs
$13
$27
$67
How much do model risk jobs pay per hour?
As of Jun 14, 2026, the average hourly pay for model risk in North Carolina is $27.57, according to ZipRecruiter salary data. Most workers in this role earn between $17.69 and $35.19 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?
| Aspect | Model Risk | Model Validation |
|---|---|---|
| Primary Focus | Identifying, assessing, and mitigating risks associated with models | Evaluating and testing models to ensure accuracy and reliability |
| Required Credentials | Quantitative skills, risk management certifications, industry experience | Quantitative expertise, validation certifications, industry knowledge |
| Work Environment | Risk management teams within financial institutions or firms | Model validation teams, often within risk or model development departments |
| Industry Usage | Used across banking, insurance, and investment firms to manage model-related risks | Commonly 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 North Carolina? The most popular types of Model Risk jobs in North Carolina are:
What are popular job titles related to Model Risk jobs in North Carolina? For Model Risk jobs in North Carolina, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in North Carolina look for? The top searched job categories for Model Risk jobs in North Carolina are:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 14 days ago
U.S. Bank rating
8.2
Based on 345 frontline employees who took The Breakroom Quiz
38th of 141 rated banks
Job description
At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job DescriptionU.S. Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Residential Mortgage and Retail Credit Loss Forecasting models. This role reports to the Director of Credit, Compliance, and Financial Crimes Model Validation within Model Risk Management, part of the Bank's Risk Management and Compliance organization.
This highly visible leadership position operates at the intersection of credit risk, capital planning, and regulatory oversight, partnering closely with senior and executive stakeholders across the Bank. You will lead and develop a team responsible for validating and overseeing a large, complex inventory of CCAR and CECL credit loss forecasting models across consumer portfolios. These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous analysis, clear documentation, and strong stakeholder engagement.
Key Responsibilities
- Lead and develop a highperforming analytics team responsible for independent validation of the Bank's residential mortgage and retail portfolio credit loss forecasting models supporting CCAR stress testing and CECL requirements.
- Oversee endtoend model validation activities, including preimplementation validations, periodic reviews, and ongoing monitoring, providing effective challenge to model design, methodology, data, processes, and performance.
- Ensure rigorous execution of validation analyses and drive continuous enhancement of validation standards and processes.
- Review and approve validation deliverables to ensure conclusions are wellsupported, clearly documented, and communicated effectively to stakeholders with varying levels of technical expertise.
- Identify model risks and findings, drive corrective actions, and ensure timely remediation in alignment with Model Risk Management program requirements.
- Manage validation execution against plan, including resource allocation, coaching, prioritization, and quality control across the validation portfolio.
- Engage and partner with business stakeholders throughout validation and remediation efforts, fostering strong relationships while maintaining independent and credible challenge.
- Manage internal audits and regulatory examinations, serving as a key point of contact for regulators, auditors, and senior stakeholders to clearly articulate validation analyses, findings, and conclusions, and effectively address supervisory feedback.
Basic Qualifications
- Bachelor's degree (MA/MS/PhD strongly preferred) and nine or more years of relevant experience
- Five or more years of experience leading a quantitative modeling team
Preferred Skills/Experience
- Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package
- Advanced data compilation, programming skills and qualitative analysis skills
- Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
- Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
- In depth knowledge of Bank products and services
- Demonstrated independence, teamwork and leadership skills
- Strong analytical, organizational, problem-solving, negotiation, and project management skills
- Excellent interpersonal, verbal and written communication skills
Location Requirements
This role requires working from a U.S. Bank location three (3) or more days per week.
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $149,515.00 - $175,900.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
What U.S. Bank employees say
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About U.S. Bank
Sourced by ZipRecruiter
U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Minneapolis, MN, US
Year founded
1863