Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed. * Support governance and reporting ...
The Model Risk Management Director is a senior leader within the Risk & Regulatory Compliance function, accountable for independent oversight of model risk across the firm. Operating within the Model ...
The Model Risk Management Director is a senior leader within the Risk & Regulatory Compliance function, accountable for independent oversight of model risk across the firm. Operating within the Model ...
The Model Risk Management Director is a senior leader within the Risk & Regulatory Compliance function, accountable for independent oversight of model risk across the firm. Operating within the Model ...
The Model Risk Management Director is a senior leader within the Risk & Regulatory Compliance function, accountable for independent oversight of model risk across the firm. Operating within the Model ...
Vice President - Model Risk Management
Manhattan, NY · On-site
$150 - $175/hr
Risk Management Vice President 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 ...
Vice President - Model Risk Management
Manhattan, NY · On-site
$150 - $175/hr
Risk Management Vice President 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 ...
Credit Risk Model Owner
Manhattan, NY · Hybrid
$85K - $131K/yr
Role Description SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role ...
Credit Risk Model Owner
Manhattan, NY · Hybrid
$85K - $131K/yr
Role Description SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role ...
Credit Risk Model Owner
Manhattan, NY · On-site
$85K - $131K/yr
Role Description SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role ...
Credit Risk Model Owner
Manhattan, NY · On-site
$85K - $131K/yr
Role Description SMBC is seeking a Credit Risk Model Owner Associate to serve as local model owner to monitor and manage credit risk related models for the SMBC Americas Division portfolio. This role ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Risk Management - Model Risk Program Associate
Jersey City, NJ · On-site
$135K - $150K/yr
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Risk Management - Model Risk Program Associate
Jersey City, NJ · On-site
$135K - $150K/yr
As a Model Validation Analyst in the Risk Management and Compliance team, you help us shape business strategy and drive innovation. You use your expertise to protect the firm through rigorous model ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Lead the Model Risk Management framework for a defined portfolio of models (e.g., pricing, risk, capital, stress testing, AI/ML, and valuation models) by setting clear standards for model risk ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
Model Risk Management - Associate, Capital and Risk Weighted Assets Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
We're seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in the ...
Senior Internal Audit Associate - Model Risk
$88K - $108K/yr
As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders.
Senior Internal Audit Associate - Model Risk
$88K - $108K/yr
As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders.
Risk Management - Quant Model Risk Associate
Manhattan, NY · On-site
$135K - $150K/yr
As a Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with complex models used across a space that ...
Risk Management - Quant Model Risk Associate
Manhattan, NY · On-site
$135K - $150K/yr
As a Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with complex models used across a space that ...
Senior Internal Audit Associate - Model Risk
$88K - $108K/yr
As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders.
Senior Internal Audit Associate - Model Risk
$88K - $108K/yr
As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders.
As a Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with complex models used across a space that ...
As a Quant Model Risk Associate in the Model Risk Governance and Review team, you will be responsible for assessing and mitigating the risks associated with complex models used across a space that ...
Model Risk information
See Jersey City, NJ salary details
$20.14 is the 25th percentile. Wages below this are outliers.
$15.05 - $20.71
28% of jobs
The median wage is $24.09 / hr.
$20.71 - $26.37
37% of jobs
$26.37 - $32.02
6% of jobs
$35.56 is the 75th percentile. Wages above this are outliers.
$32.02 - $37.68
6% of jobs
$37.68 - $43.34
12% of jobs
$43.34 - $49
0% of jobs
$49 - $54.65
0% of jobs
$54.65 - $60.31
8% of jobs
$60.31 - $65.97
0% of jobs
$65.97 - $71.62
0% of jobs
$71.62 - $77.28
2% of jobs
$15
$31
$77
How much do model risk jobs pay per hour?
As of Aug 9, 2026, the average hourly pay for model risk in Jersey City, NJ is $31.66, according to ZipRecruiter salary data. Most workers in this role earn between $20.34 and $40.38 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 Jersey City, NJ? The most popular types of Model Risk jobs in Jersey City, NJ are:
What are popular job titles related to Model Risk jobs in Jersey City, NJ? For Model Risk jobs in Jersey City, NJ, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Jersey City, NJ look for? The top searched job categories for Model Risk jobs in Jersey City, NJ are:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 20 days ago
BNY Mellon rating
7.3
Based on 52 frontline employees who took The Breakroom Quiz
124th of 150 rated financial services
Job description
We're seeking a future team member for the role of Senior Vice President, Model Risk Governance to join our Risk and Compliance organization. This role is located in New York City.
In this role, you'll make an impact in the following ways:
- Maintain and enhance Model Risk Management (MRM) policies, standards, and procedures, and recommend improvements to model risk processes and controls as needed.
- Support governance and reporting processes by contributing to key stakeholder meetings, forums, and committees, ensuring transparent and effective oversight of the MRM framework.
- Partner with platforms, businesses, and functional teams across BNY to support the model identification process and help ensure the completeness and integrity of the model inventory.
- Strengthen model risk culture across the firm by supporting model risk communications and training for MRM and key stakeholders, while helping align practices with regulatory expectations and industry best practices.
- Anticipate and respond to stakeholder requests and emerging governance needs, enhancing the effectiveness of model risk management practices across the organization.
- Build, lead, and develop a high-performing Model Risk Management organization by attracting and retaining talent, setting clear expectations, and fostering a culture of independent thinking and constructive challenge.
To be successful in this role, we're seeking the following:
- Bachelor's degree in a quantitative or business discipline such as Mathematics, Statistics, Economics, Finance, Engineering, Computer Science, Accounting, Risk Management, or Law, or an equivalent combination of education and directly relevant experience in risk, compliance, audit, or model governance.
- 12+ years of relevant experience in model risk management, quantitative risk management, governance, compliance, audit, or a related field.
- Demonstrated proficiency in governance, risk, and control frameworks, including the ability to translate regulatory expectations into practical business control requirements.
- Proven record of thought leadership in model risk, quantitative risk management, or related domains, with strong strategic leadership, stakeholder management, and influencing skills.
- People leadership experience with the ability to build, lead, and develop high-performing teams, while fostering a culture of accountability, effective challenge, and continuous development.
About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
- America's Most Innovative Companies, Fortune, 2025
- World's Most Admired Companies, Fortune 2025
- "Most Just Companies", Just Capital and CNBC, 2025
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
What BNY Mellon employees say
Pay
Benefits
Hours and flexibility
Workplace
Get the full story on Breakroom
About BNY Mellon
Sourced by ZipRecruiter
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
New York, NY, US
Year founded
1784