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Risk Modeler Jobs (NOW HIRING)

Risk Modeler I

Las Vegas, NV

$52.75 - $68.50/hr

As a Risk Modeler, you will be participating End-to-End model development life-cycle for customer acquisition, credit risk and underwriting, adopt applications of ML to enhance next generation ...

Risk Modeler I

Las Vegas, NV · On-site

$52.75 - $68.50/hr

As a Risk Modeler, you will be participating End-to-End model development life-cycle for customer acquisition, credit risk and underwriting, adopt applications of ML to enhance next generation ...

As a Catastrophe Risk Modeler, you will utilize your technical expertise in catastrophe risk modeling joining a bright team of experts in risk modeling, analytics, research and development. This ...

Risk Modeler I

Las Vegas, NV · On-site

$52.75 - $68.50/hr

As a Risk Modeler, you will be participating End-to-End model development life-cycle for customer acquisition, credit risk and underwriting, adopt applications of ML to enhance next generation ...

Risk Modeler I

Las Vegas, NV

$52.75 - $68.50/hr

As a Risk Modeler, you will be participating End-to-End model development life-cycle for customer acquisition, credit risk and underwriting, adopt applications of ML to enhance next generation ...

As a Catastrophe Risk Modeler, you will utilize your technical expertise in catastrophe risk modeling joining a bright team of experts in risk modeling, analytics, research and development. This ...

As a Catastrophe Risk Modeler, you will utilize your technical expertise in catastrophe risk modeling joining a bright team of experts in risk modeling, analytics, research and development. This ...

As Lead Actuarial Risk Modeler , you will utilize your actuarial and risk modeling skills with specialized expertise in cyber to support Tokio Marine Holdings model development, validation, and ...

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Risk Modeler information

See salary details

$22

$40

$76

How much do risk modeler jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for risk modeler in the United States is $40.33, according to ZipRecruiter salary data. Most workers in this role earn between $31.25 and $43.51 per hour, depending on experience, location, and employer.

How do risk modelers typically collaborate with other departments within an organization?

Risk Modelers often work closely with teams such as finance, underwriting, data analytics, and IT to ensure that models accurately reflect the organization's risk profile and business objectives. Regular communication is essential to gather relevant data, validate model assumptions, and present findings to stakeholders who may not have a technical background. This cross-functional collaboration helps translate complex quantitative results into actionable insights for decision-makers, making teamwork and clear communication key aspects of the role.

What are the key skills and qualifications needed to thrive as a risk modeler?

To thrive as a Risk Modeler, you need strong quantitative, analytical, and statistical skills, usually backed by a degree in mathematics, statistics, finance, or a related field. Familiarity with programming languages like Python or R, statistical modeling software, and certifications such as FRM or CFA are highly beneficial. Attention to detail, problem-solving abilities, and effective communication are vital soft skills for translating complex models into actionable insights. These skills and qualifications are essential for accurately assessing risk, informing decision-making, and supporting organizational resilience.

What is the difference between Risk Modeler vs Quantitative Analyst?

AspectRisk ModelerQuantitative Analyst
Required CredentialsBachelor's or Master's in Finance, Mathematics, or related fields; certifications like FRM or CFABachelor's or Master's in Finance, Mathematics, or related fields; certifications like CFA or CQF
Work EnvironmentFinancial institutions, risk management teams, insurance companiesInvestment banks, asset management firms, hedge funds
Employer & Industry UsagePrimarily in risk management roles within finance and insuranceIn investment analysis, trading, and portfolio management

While both roles require strong quantitative skills and similar educational backgrounds, Risk Modelers focus on developing models to assess and mitigate financial risks, often within risk management departments. Quantitative Analysts, on the other hand, primarily develop models for investment strategies, pricing, and trading decisions. The roles overlap in skills but differ in their primary focus and application within the financial industry.

More about Risk Modeler jobs
Infographic showing various Risk Modeler job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $83,896 per year, or $40.3 per hour.

$52.75 - $68.50/hr

Full-time

Posted 16 days ago


Job description

Description

Position Summary

This position is a part of the Risk Management department but supports the entire bank. The Model Development team challenges the status quo through their statistical and machine learning (ML) powered predictive models that cover the entire customer lifecycle including Acquisitions, Underwriting, Fraud, Customer Management, and Collections. As a Risk Modeler, you will be participating End-to-End model development life-cycle for customer acquisition, credit risk and underwriting, adopt applications of ML to enhance next generation solutions, and develop analytical tools to contribute to the strategic direction and financial performance of the organization. The role will be also responsible for developing advanced machine learning frameworks that drive incremental growth in acquisitions. The ideal candidate will have an outstanding track record of successfully implementing machine learning solutions for impactful and dynamic business results.

Summary of Essential Job Functions
  • Perform complex analyses and modeling that maximizes profits or asset growth, and minimizes credit losses or other risk exposures
  • Serve as an expert consultant to senior management on highly complex issues
  • Manage the deployment of new models and the live testing or pilot programs derived from them
  • Monitor ongoing model performance to ensure stability and efficacy
  • Anticipate issues based on knowledge of business trends, and propose direction and solutions
  • Provide peer review for other analysts within the team
  • Research the impacts of business decisions
  • Partner with technology groups to define business requirements
  • Provide analytic support to ensure the company goals are met
  • Perform other duties as assigned
Position Requirements
  • Bachelor’s Degree in STEM (Science, Technology, Engineering, and Mathematics) or related field.
  • Solid experience in using SAS, Enterprise Miner, R, Python, H2O, or similar and its libraries to derive insights in a business setting
  • Intellectual horsepower with problem solving and analytical skills.
  • Knowledge of financial analysis and profitability drivers.
  • Ability to quickly assimilate and analyze large amounts of information.
  • Strong financial analytical skills with the ability to read, interpret, and evaluate, financial time-series tracking reports (including vintage analysis).
Preferred
  • 2+ years of experience gathering data requirements for statistical, econometric, predictive analytics research that drives market research/consumer analytics product innovation and implementation.
  • 2+ years of experience in Financial Services, Credit Card Issuing, and Banking.
  • Exposure in AI tool adoption.
  • Consumer Credit Card industry experience.

Credit One Bank, N.A. is a data-driven financial services company based in Las Vegas. Founded in 1984, Credit One Bank offers a spectrum of credit card products for people in all stages of financial life. Credit One Bank is an equal opportunity employer committed to diversity and inclusion and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin. Reasonable accommodations can be made for those who require them, including access to job applications and workplace accommodations. Employment at Credit One Bank is based on mutual consent (also known as at-will). This means that employees and the Bank may terminate the employment relationship at any time, with or without cause and with or without notice. Please contact the recruiter for this position to learn more. Credit One Bank does not accept unsolicited resumes from agencies and is not responsible for related fees.