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Model Risk Jobs in Pittsburgh, PA (NOW HIRING)

Citizens

Fraud Risk Analytics Manager

Pittsburgh, PA · Hybrid

$105K - $130K/yr

Discover, Design, develop, and execute fraud risk strategy optimization frameworks , including rule, model, and hybrid decisioning approaches * Perform entitylevel fraud state estimation across ...

Citizens

Fraud Risk Analytics Manager

Pittsburgh, PA · Hybrid

$105K - $130K/yr

Discover, Design, develop, and execute fraud risk strategy optimization frameworks , including rule, model, and hybrid decisioning approaches * Perform entitylevel fraud state estimation across ...

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All JobsModel Risk JobsModel Risk Jobs in Pittsburgh, PA

Model Risk information

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$14

$29

$71

How much do model risk jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for model risk in Pittsburgh, PA is $29.45, according to ZipRecruiter salary data. Most workers in this role earn between $18.89 and $37.60 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 popular job titles related to Model Risk jobs in Pittsburgh, PA? For Model Risk jobs in Pittsburgh, PA, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Pittsburgh, PA look for? The top searched job categories for Model Risk jobs in Pittsburgh, PA are:
Model Risk jobs near you

Vice President, Model Risk Management

BNY

Pittsburgh, PA

Full-time

Posted 22 days ago

Job description

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. 
We are seeking an ambitious and analytically talented professional to join our Model Risk Management (MRM) team. This is a role within a US-headquartered, global systemically important bank, focused on strengthening the governance, validation, and strategic oversight of models across the enterprise. The successful candidate will be instrumental in advancing our model risk framework, with a strong emphasis on leading practices, regulatory standards, automation, and Artificial Intelligence (AI) adoption. This role is fully on-site and located in Pittsburgh, PA. 
 
In this role, you’ll make an impact in the following ways: 
  • Contribute to enterprise-wide model risk management activities, including validation and/or governance work. Independent review and oversight of models used across business lines, platforms, and legal entities. 
  • Collaborate with model developers, validators, auditors, and senior stakeholders to ensure models are fit for purpose and appropriately governed. Senior stakeholders extend beyond modelers to business and platform leads. 
  • Drive innovation in model risk practices, including the integration of AI/ML techniques and automation tools to enhance efficiency and insight. 
  • Collaborate across the MRM team to enhance model governance, validation, and risk practices. 
  • Ensure compliance with regulatory expectations, particularly those outlined in Federal Reserve SR 11-7 and OCC Bulletin 2011-12, including: 
  • Robust model development, implementation, and use; 
  • Comprehensive model validation covering conceptual soundness, ongoing monitoring, and outcomes analysis; and 
  • Sound governance, policies, and controls over model lifecycle and risk oversight. 
  • Grow to represent the bank in regulatory discussions and industry forums related to model risk and quantitative analytics. 
  • Contribute to a culture of excellence and continuous improvement. 
 
To be successful in this role, we’re seeking the following: 
  • Any experience in Model Development, Model Validation, Model Risk Management, or Model Risk Audit. 
  • Demonstrated interest in model governance and regulatory frameworks, especially SR 11-7 and related supervisory guidance in banking. 
  • Demonstrated interest in and exposure to automation, AI, and machine learning applications. 
  • Strong communication, stakeholder engagement, and strategic thinking skills. 
  • A degree in a quantitative or technical discipline such as Mathematics, Statistics, Physics, Engineering, Computer Science, or a related field is required. 
 
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. 

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