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Senior Model Risk Management Jobs (NOW HIRING)

... model risk management practices. Responsibilities : • Maintain and enhance Mercury's model ... SR 26-2). • Deep appreciation of disciplined model governance and independent effective ...

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... model risk management practices. Responsibilities : • Maintain and enhance Mercury's model ... SR 26-2). • Deep appreciation of disciplined model governance and independent effective ...

New

... model risk management practices. Responsibilities : • Maintain and enhance Mercury's model ... SR 26-2). • Deep appreciation of disciplined model governance and independent effective ...

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Senior Model Risk Management information

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$22.5K

$118.3K

$210K

How much do senior model risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for senior model risk management 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 is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

More about Senior Model Risk Management jobs
What cities are hiring for Senior Model Risk Management jobs? Cities with the most Senior Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Senior Model Risk Management jobs? States with the most job openings for Senior Model Risk Management jobs include:
What job categories do people searching Senior Model Risk Management jobs look for? The top searched job categories for Senior Model Risk Management jobs are:
Infographic showing various Senior Model Risk Management job openings in the United States as of May 2026, with employment types broken down into 3% As Needed, 85% Full Time, 8% Part Time, 1% Temporary, and 3% Contract. Highlights an 88% Physical, 6% Hybrid, and 6% Remote job distribution, with an average salary of $118,258 per year, or $56.9 per hour.
Senior Model Risk Manager

Senior Model Risk Manager

Earnest

San Francisco, CA

$203K - $250K/yr

Other

Posted 19 days ago


Job description

The Sr Model Risk Manager will report to the Head of Credit Risk. 

As the Sr Model Risk Manager, you will:

  • Own and evolve Earnest's Model Risk Management framework, ensuring our credit, loss forecasting, fraud, marketing, and finance models are rigorous, transparent, and built to scale responsibly.
  • Lead independent end-to-end model validations - from conceptual soundness and data quality to performance monitoring and implementation review - delivering thoughtful, constructive challenge to modeling teams.
  • Partner closely with Data Science and Risk leaders early in the model design process to strengthen assumptions, improve methodology, and elevate modeling standards across the company.
  • Oversee model performance monitoring and proactively identify emerging risks, performance drift, or control gaps - ensuring timely, practical remediation.
  • Deliver clear, decision-ready validation reports and communicate technical findings in a way that drives strong business outcomes and sound risk decisions.
  • Serve as a trusted advisor on model governance, helping Earnest move fast while maintaining the discipline and controls required of a best-in-class lending platform.

About You: 

  • You hold a Master's degree in a quantitative field (Statistics, Economics, Mathematics, Financial Engineering, or similar) with 7+ years of experience in model development, validation, or model risk management in financial services (or a Bachelor's degree with 10+ years of relevant experience).
  • You've worked in consumer or small business lending - ideally in a fintech or innovative banking environment - and understand the models that power modern credit decisioning.
  • You have hands-on experience with statistical and machine learning models and are comfortable diving into Python code and large datasets using SQL to independently assess model performance.
  • You understand regulatory model risk expectations and know how to apply them pragmatically in a high-growth environment.
  • You bring strong judgment, intellectual independence, and the confidence to challenge assumptions while building productive cross-functional partnerships.
  • You can translate complex modeling concepts into clear, actionable insights for senior stakeholders.

Even Better:

  • Experience in loss forecasting models, preferably with hands-on exposure to CECL frameworks, including model development, validation, or governance.
  • Experience with personal loans or student lending products.
  • Experience interacting with auditors or regulators in model risk or credit oversight contexts.
  • Experience reviewing third-party or vendor models.
  • Experience building or maturing a model governance framework at a scaling fintech company.
Where:
  • This role will be based in the US.

Compensation: 

A little about our pay philosophy: We take pride in compensating our employees fairly and equitably. We are showcasing a range of your potential base salary based on the roles location. The successful candidate's starting pay will also be determined based on job-related qualifications, internal compensation, candidate location and budget. This range may be modified in the future.

Salary Range: $203,000 - $250,000 USD. Employees are also eligible for an annual performance-based bonus and equity.

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