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Model Risk Jobs (NOW HIRING)

Sallie Mae

Senior Director, Model Risk

Newark, DE · On-site

Develop and implement a robust model risk assessment framework to evaluate the potential risks associated with models used within the organization. * Conduct comprehensive model risk assessments ...

Sallie_mae

Senior Director, Model Risk

Sterling, VA

Develop and implement a robust model risk assessment framework to evaluate the potential risks associated with models used within the organization. * Conduct comprehensive model risk assessments ...

Sallie_mae

Senior Director, Model Risk

Newark, DE

Develop and implement a robust model risk assessment framework to evaluate the potential risks associated with models used within the organization. * Conduct comprehensive model risk assessments ...

M&T Bank

Model Risk Analyst-Validation

Buffalo, NY

$91K - $101K/yr

Model Risk Analyst - Validation Job Location: One M&T Plaza, Buffalo, NY 14203. Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and ...

BOK Financial

Model Risk Governance Officer

Tulsa, OK · On-site

As a Model Risk Governance Officer, you'll work across the bank to evaluate models, provide independent challenge, and deliver insights that help leaders operate within the organization's risk ...

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Model Risk information

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$14

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$74

How much do model risk jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for model risk in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 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.
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Model Risk jobs near you
Infographic showing various Model Risk job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.
Senior Director, Model Risk

Senior Director, Model Risk

Sallie Mae

Newark, DE • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Sallie Mae rating

6.8

Company rating: 6.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

When you join Sallie Mae, you become a champion for all students.
We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.
We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute
The Senior Director, Model Risk will be responsible for leading and managing the model risk management team within our organization. You will play a critical role in assessing, monitoring, and mitigating model risks across various departments, including financial modeling, credit risk, operational risk, and other areas that rely on models for decision-making.
What You'll Do
  • Develop and implement a robust model risk assessment framework to evaluate the potential risks associated with models used within the organization.
  • Conduct comprehensive model risk assessments, including validation, calibration, and benchmarking, to ensure models meet regulatory requirements and industry best practices.
  • Collaborate with key stakeholders, including senior management, model owners, and regulators, to communicate model risk management activities and findings effectively.
  • Establish and enforce effective model governance policies, procedures, and standards.
  • Collaborate with cross-functional teams to develop and maintain model risk management policies and guidelines.
  • Ensure compliance with regulatory requirements and industry standards related to model risk management.
  • Oversee the model validation process and ensure the independence and integrity of the validation function.
  • Review and evaluate model validation reports, ensuring they are comprehensive and accurately reflect model risks.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What you have
Minimum: Indicate minimum education, skills and experience required.
  • Strong knowledge of quantitative modeling techniques, statistical analysis, and risk management principles.
  • In-depth understanding of regulatory requirements, industry guidelines, and best practices related to model risk management.
  • Excellent leadership and people management skills, with a track record of effectively managing teams and driving results.
  • Exceptional communication and presentation skills, with the ability to clearly articulate complex concepts to both technical and non-technical stakeholders.
  • Strong analytical and problem-solving abilities, with a keen attention to detail.

Preferred: Indicate "nice to haves" regarding education, skills, and experience.
  • Ability to perform analytics in either or multiple languages (Python, SAS, SQL) and expertise in BI tools (Tableau, Power BI, Microsoft Office Suite).
  • Advanced degree (Ph.D., M.S., or equivalent) in a quantitative field such as mathematics, statistics, economics, or related disciplines is preferred.
  • 10+ years of experience in model risk management or related fields within the financial industry.

The Americans with Disabilities Act
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.
Feeling your best helps you do your best:
Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
  • Competitive base salaries
  • Bonus incentives
  • Generous PTO, Floating Holidays and 12 Federal Holidays observed
  • Support for financial-well-being and retirement 401k with employer match
  • Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
  • Employer paid short-term/long-term disability and basic life insurance
  • Flexible hybrid working arrangements.
  • Paid parental leave and adoption reimbursement programs
  • Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
  • Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
  • Tuition Reimbursement and Family Scholarship Programs
  • Career development and training opportunities

Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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