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Senior Model Risk Management information

See Edison, NJ salary details

$23.3K

$122.4K

$217.4K

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

As of Jul 12, 2026, the average yearly pay for senior model risk management in Edison, NJ is $122,427.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,500.00 and $150,100.00 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.

What are the most commonly searched types of Model Risk Management jobs in Edison, NJ? The most popular types of Model Risk Management jobs in Edison, NJ are:
What job categories do people searching Senior Model Risk Management jobs in Edison, NJ look for? The top searched job categories for Senior Model Risk Management jobs in Edison, NJ are:
What cities near Edison, NJ are hiring for Senior Model Risk Management jobs? Cities near Edison, NJ with the most Senior Model Risk Management job openings:
Senior Model Risk Management jobs near you
Senior Internal Audit Associate - Model Risk

Senior Internal Audit Associate - Model Risk

JPMorgan Chase & Co

Jersey City, NJ

$88K - $108K/yr

Full-time

Medical, Retirement

Re-posted 8 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 491 frontline employees who took The Breakroom Quiz

57th of 149 rated banks

Job description

Join a global team of quantitative specialists shaping how model risk is managed across complex financial systems. You will work at the intersection of advanced analytics, risk, and audit to drive meaningful impact.

As a Senior Associate on the Internal Audit Model Risk team, you will evaluate complex models and model risk frameworks while working closely with both quantitative experts and senior stakeholders. This role offers the opportunity to influence how model risk is identified, assessed, and mitigated across the firm. You'll also design and implement advanced AI/ML solutions to enhance control testing and provide insights into model risk management.

Job Responsibilities

  • Perform technical reviews of complex models to evaluate model risk and control effectiveness
  • Assess model design, implementation, performance results, and overall fitness for purpose
  • Evaluate ongoing model performance frameworks, including metrics and monitoring thresholds
  • Conduct end-to-end model risk control assessments across the model lifecycle
  • Partner with quantitative experts and senior stakeholders to challenge and influence outcomes
  • Develop and implement AI/ML-driven solutions to enhance model risk testing and insight
  • Lead model risk audit engagements, including scoping, planning, and execution
     

Required Qualifications, Capabilities, and Skills

  • Advanced degree (Master's or PhD) in a STEM field such as Mathematics, Data Science, Finance, or Computer Science
  • 2+ years of experience in AI/ML development, quantitative modeling, model validation, or data science
  • Proficiency in programming languages such as Python or R for model development and analysis
  • Experience with AI/ML techniques and modern frameworks (e.g., large language models, agent-based systems)
  • Strong analytical and problem-solving skills with a focus on risk and control assessment
  • Excellent written and verbal communication skills, including technical report writing
  • Ability to influence stakeholders and escalate complex issues effectively
     

Preferred Qualifications, Capabilities, and Skills

  • Experience developing AI/ML-driven tools for audit, risk, or control testing
  • Familiarity with model risk management frameworks and regulatory expectations
  • Experience working with global teams and complex organizational structures
  • Strong leadership and project management skills across end-to-end initiatives
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.

The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team's priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.

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