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Risk Modeler Jobs (NOW HIRING)

Model Risk Manager

Chicago, IL ยท On-site

$150 - $200/hr

The Model Risk Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model ...

Position Summary The Manager, Model Risk is a senior individual contributor responsible for independently leading model validation activities and providing effective challenge across the model ...

Position Summary The Manager, Model Risk is a senior individual contributor responsible for independently leading model validation activities and providing effective challenge across the model ...

Position Summary The Manager, Model Risk is a senior individual contributor responsible for independently leading model validation activities and providing effective challenge across the model ...

Risk Data Modeler III

Jersey City, NJ ยท On-site

$57.25 - $74/hr

The risk data modeler would work in a data horizontal team that are responsible for database architecture, database platforms, data models, performance engineering and database platform related ...

$150 - $200/hr

We are seeking an experienced Manager, Model Risk Management to support a large global bank's Risk Technology organization. This role will focus on model governance, model inventory oversight ...

$200 - $250/hr

Design modeling solutions to assess current and emerging risks, quantify exposures, and influence risk strategy and business decisions * Develop predictive, stress testing, scenario analysis, and ...

Model Risk Management

Chicago, IL ยท On-site

$150 - $200/hr

We are seeking an experienced Manager, Model Risk Management to support a large global bank's Risk Technology organization. This role will focus on model governance, model inventory oversight ...

Risk Data Modeler III

Jersey City, NJ ยท On-site

$60 - $77.75/hr

The risk data modeler would work in a data horizontal team that are responsible for database architecture, database platforms, data models, performance engineering and database platform related ...

Showing results 41-60

Risk Modeler information

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How much do risk modeler jobs pay per hour?

As of Sep 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.

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.

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 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.

What does a risk modeler do?

A risk modeler develops quantitative models to assess and predict financial, operational, or credit risks for organizations. They analyze data, use statistical tools and software, and create models to help companies make informed risk management decisions. Strong analytical skills and knowledge of risk management frameworks are essential for this role.
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What are popular job titles related to Risk Modeler jobs?

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Infographic showing various Risk Modeler job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $83,896 per year, or $40.3 per hour.

Model Risk Manager

Chicago, IL โ€ข On-site

Crowe LLP
Accounting Servicesย โ€ขย 1 - 5K employees

$150 - $200/hr

Other

Posted 7 days ago


Key responsibilities

  • Manage client service projects from planning to completion, including supervising and reviewing work of other consultants.

  • Provide consulting on model risk management practices and deliver model validation services for credit risk, finance, and treasury management models.

  • Develop and maintain client relationships, provide recommendations, and support proposal and business development activities.


Job description

Job Description:

The Model Risk Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model risk management practices and providing model validation services, primarily for credit risk, finance, and treasury management models (asset liability management, liquidity, interest rate risk).

  • Supervise, train and review the work of other consultants.
  • Manage key aspects of client service projects from planning to completion.
  • Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
  • Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.
  • Understand industry trends and client challenges in order to lead the development of new services and solutions.
Qualifications:
  • Bachelorโ€™s degree in Finance, Statistics, Financial Engineering, or Economics or equivalent combination of education and experience. Graduate degree a plus.
  • 5+ yearsโ€™ experience of working in financial institutions, Big 4 or equivalent, or regulatory supervisory of financial institutions.
  • Working knowledge of: Model risk management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
  • Credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.).
  • Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
  • Direct experience performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking.
  • Technical knowledge about data processing, data storage, and data visualization.
  • A self-starter who can prioritize multiple tasks, be resourceful and able to research and find solutions.
  • Write and present to clients clear and concise reports and presentations containing meaningful recommendations.
  • Direct and deliver significant engagements that deliver value to clients through project management, creation of deliverables and knowledge transfer.
  • Ability to lead and manage a team.
  • Manages engagement to ensure quality and is delivered within budget.
  • Engagements are frequently conducted remotely.
  • This position may require travel but is not expected to exceed 25%.
Additional skills desired:
  • Solid analytical background and knowledge of econometrics.
  • Knowledge of risk ratings, risk rating /scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus.
  • Experience with statistical packages such as SAS, Matlab, Stata, Python, and R.
  • Experience with database management, such as SQL.
  • Experience with data visualization tools such as Microsoft Power BI, Tableau, QlikView.
  • Basic understanding of trends in artificial intelligence and machine learning.
  • Professional certification preferred (e.g., RMA CRC, CFA, FRM).

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including skill sets, experience and training, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current range is 106,600.00 - 217,900.00 per year.

Our Benefits:

Your exceptional people experience starts here. At Crowe, we care about our people and offer employees a comprehensive total rewards package. Learn more about what working at Crowe can mean for you!

Crowe LLP provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, genetics, national origin, disability or protected veteran status, or any other characteristic protected by federal, state or local laws.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. Crowe is not sponsoring for work authorization at this time.

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About Crowe

Sourced by ZipRecruiter

Crowe (www.crowe.com) is one of the largest public accounting, consulting and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Global, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.

Industry

Accounting services

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

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