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Model Risk Jobs in North Carolina (NOW HIRING)

1 point system

Senior Data Modeler

Charlotte, NC · On-site

... model risk partners to ensure CDM usage supports: * Reproducibility (versioned training datasets tied to CDM releases) * Explainability inputs (clear definitions and lineage) * Audit-ready ...

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Model Risk information

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How much do model risk jobs pay per hour?

As of Sep 12, 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 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 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 does a model risk do?

A model risk professional assesses and manages the risks associated with using mathematical and statistical models in financial and operational decision-making. They review model accuracy, validate assumptions, and ensure compliance with regulatory standards, often using tools like SAS or R. Their work helps prevent financial loss due to model errors or misestimations.

What does a model risk specialist do?

A model risk specialist evaluates and manages risks associated with financial or operational models used by organizations. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using statistical and analytical tools. Their work helps prevent model errors that could lead to financial loss or regulatory issues.

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:

Model Risk jobs near you
Infographic showing various Model Risk job openings in North Carolina as of September 2026, with employment types broken down into 2% As Needed, 80% Full Time, 15% Part Time, and 3% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $57,345 per year, or $27.6 per hour.

Senior Actuarial Associate II - Actuarial Model Validation (Charlotte, NC (Hybrid) or Remote)

Charlotte, NC

Brighthouse Financial
Insurance Services • 1 - 5K employees
Learn more about Brighthouse Financialexternal

$115K - $143K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

Where you'll work:

Our flexible, hybrid work model offers the option to work remotely or in the office.

 

How you'll contribute:

As the Sr Actuarial Associate of the Model Risk Management (MRM) team, the individual will perform model validations across the organization and research key emerging actuarial issues within the life insurance space. This position sits within Corporate Risk Management (CRM) and collaborates closely with key stakeholders across business functions including Pricing, Valuation, Asset Liability Management (ALM), Audit, and other critical functions

In this role, you'll get to:

  • Perform independent model validations, including reviewing model documentation, evaluating model risks, and proposing review strategies and recommendations
  • Identify model risks and issues and propose enhancements to model design, controls, and governance
  • Ensure compliance with regulatory requirements for applicable models, while promoting sound modeling practices
  • Partner with teams across Pricing, ALM, and Valuation to provide effective challenge and validation support
  • Support the Model Governance function by performing risk-based model reviews
  • Leverage AI tools to support research and develop tools for model validation
  • Perform and support other CRM initiatives as needed

 

We're looking for people who have:

  • Prior experience with annuity products (i.e., index, fixed, or RILA) in valuation, modeling, and hedging
  • Strong financial modeling background with advanced experience in Excel and VBA
  • Experience using actuarial modeling software such as Prophet or similar
  • Associate of the Society of Actuaries (ASA) designation highly preferred; candidates near ASA and relevant annuity experience will also be considered
  • Familiarity with PBR and pre-PBR valuation guidance is a plus
  • Interest in emerging AI model risk and validation practices is beneficial
  • Strong attention to detail with excellent communication, organizational, and interpersonal skills

Research shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.

What you'll receive:

  • Compensation - Total Compensation ranging from $115,000 - $143,000 inclusive of base salary and competitive performance-based incentives determined by company and individual results.
  • Flexible Work Environment - Work remotely or in the office to better thrive in all areas of life.
  • Paid Time Off - Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
  • Financial Health - Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), and financial counseling services.
  • Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
  • Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
  • Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insurance.

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?

Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,* and we specialize in products designed to help people protect what they've earned and ensure it lasts.

We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting brighthousefinancial.com/about-us/careers/.

We're one of the largest providers of annuities and life insurance in the U.S.,* and our commitment to being a great place to work has earned us recognition as one of the Healthiest Employers of Greater Charlotte. 

*Ranked by 2025 admitted assets. Best's Review: Top 200 U.S. Life/Health Insurers. AM Best, 2026. 

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