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Senior Manager Market Risk Model Validation Jobs

BNY

Vice President, Model Risk Management

Los Angeles, CA · On-site +1

$129K - $179K/yr

Make estimates that are a key input to management decisions and are reported to Senior Management ... Execute enterprise standards for model validation. Responsible for leading work to identify and ...

Alpaca

Market Risk Analyst

New York, NY

... and Senior Management. What You'll Need * Experience: 2-5 years of experience in Market Risk ... A solid understanding of the "Three Lines of Defense" model and a desire to contribute to broader ...

BBVA

MARKET RISK ASSOCIATE I

New York, NY · On-site

$105K - $125K/yr

... the Risk Management team including but not limited to Daily VaR reports, daily credit exposure ... Assisting in the model validation process * Collaborate in the model documentation process for the ...

Keybank

Quant Analytics Assoc - Model Risk

Cleveland, OH · Hybrid

$68K - $103K/yr

... reported to senior management. Specifically, you will be performing in-depth validations and ... CECL), Market Risk/Treasury/Liquidity Risk, etc. ESSENTIAL JOB FUNCTIONS * Perform hands-on ...

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Senior Manager Market Risk Model Validation information

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$22.5K

$118.3K

$210K

How much do senior manager market risk model validation jobs pay per year?

As of Jun 5, 2026, the average yearly pay for senior manager market risk model validation in the United States is $118,258.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,500.00 and $145,000.00 per year, depending on experience, location, and employer.

What are Senior Manager Market Risk Model Validation roles?

Senior Manager Market Risk Model Validation roles involve overseeing the assessment and validation of financial models used to measure and manage market risk within an organization. These professionals ensure that models comply with regulatory standards and accurately reflect the risk exposure of trading and investment activities. They may lead teams, coordinate with internal and external stakeholders, and provide independent reviews of methodologies and assumptions used in risk models. Their work is critical to maintaining the financial health and regulatory compliance of banks and financial institutions.

What are the key skills and qualifications needed to thrive as a Senior Manager Market Risk Model Validation, and why are they important?

To thrive as a Senior Manager Market Risk Model Validation, you need advanced quantitative skills, expertise in financial risk management, and an advanced degree in a quantitative field such as mathematics, finance, or economics. Proficiency with risk modeling tools, programming languages (such as Python, R, or MATLAB), and familiarity with regulatory frameworks (like Basel III) is typically required. Strong leadership, analytical thinking, and communication skills help you effectively lead teams, interpret complex data, and present findings to stakeholders. These skills are critical to ensuring the accuracy, integrity, and regulatory compliance of risk models, which protect financial institutions from significant market losses.

What are some common challenges faced by a Senior Manager in Market Risk Model Validation, and how can they be addressed?

Senior Managers in Market Risk Model Validation often encounter challenges such as keeping up with evolving regulatory requirements, ensuring models remain robust under changing market conditions, and effectively communicating complex technical findings to non-technical stakeholders. Addressing these challenges requires continuous professional development, strong cross-functional collaboration with risk, IT, and business teams, and establishing clear documentation and validation processes. Proactive engagement with regulatory updates and fostering a culture of transparency within the team also help navigate these complexities.
Infographic showing various Senior Manager Market Risk Model Validation job openings in the United States as of May 2026, with employment types broken down into 87% Full Time, 2% Part Time, and 11% Contract. Highlights an 71% In-person, 7% Hybrid, and 22% Remote job distribution, with an average salary of $118,258 per year, or $56.9 per hour.
Risk Management - Market Risk Coverage Senior Officer

Risk Management - Market Risk Coverage Senior Officer

JP Morgan Chase

Manhattan, NY

Full-time

Medical, Retirement

Posted 4 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 468 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Market Risk Senior Associate in the Chief Investments Office Market Risk team, you will serve as a key second line of defense, engaging directly with Home Lending businesses such as Pipeline Warehouse, Non-Agency Warehouse, and Mortgage Servicing Rights. Your responsibilities include independently monitoring, analyzing, and mitigating interest rate, spread, prepayment, and liquidity risks across Agency MBS, RMBS, and other structured products. You will set risk limits, conduct stress testing and scenario analysis, collaborate with traders on hedging strategies, and work with quantitative model developers to enhance risk modeling.

Job Responsibilities:

  • Oversee market risk for Home Lending Residential Loans desks, including Agency, Non-Agency, MSR and Hedges (Swaps, Futures, Options, TBAs, etc..)
  • Monitor and analyze key changes in market risk, trading strategies, and risk profiles in collaboration with trading desks.
  • Communicate significant risk changes, market activity, and P&L drivers to senior management through regular updates and presentations.
  • Perform deep dive analyses on products, trading strategies, and complex trades to identify material risks and weaknesses.
  • Assess new products and propose risk management frameworks, participating in the formal new product approval process.
  • Develop and implement stress scenarios, and enhance comprehensive stress tests to highlight key risks.
  • Review portfolio risk sensitivities, Value-at-Risk (VaR), Stress, and limit management, ensuring appropriateness in light of new trades and market conditions.
  • Facilitate independent challenge and discussion among traders, strategists, and risk management teams.
  • Collaborate with support functions such as Middle Office, Operations, Compliance, Technology, and Product Control to address deficiencies and improve systems.
  • Continuously develop risk methodologies, tools, and reporting frameworks, and participate in regular risk meetings and regulatory signoffs.

Required Qualifications, Capabilities, and Skills

  • Bachelor's degree or higher in economics, finance, or a quantitative field.
  • Minimum 3 years of relevant experience in derivatives (trading, sales, structuring, market risk, VCG, MGG, product control, or risk reporting).
  • Strong knowledge of securitized product, interest rate, credit, or other fixed income markets.
  • Understanding of market risk metrics (VaR, delta, gamma, etc.).
  • Excellent written and verbal communications skills.  Must be able to communicate with a wide variety of functional groups.
  • Ability to work independently with high attention to detail and lead.
  • Strong in controls, project management, time management.
  • Demonstrated effectiveness working independently and in multi-disciplinary teams.

  • Organized and able to execute responsibilities with minimal supervision.

Preferred Qualifications, Capabilities, and Skills:

  • Prior experience with Python is preferred.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

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