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Senior Model Risk Management Jobs in Florham Park, NJ

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Senior Model Risk Management information

See Florham Park, NJ salary details

$23.5K

$123.8K

$219.8K

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

As of Aug 6, 2026, the average yearly pay for senior model risk management in Florham Park, NJ is $123,751.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,400.00 and $151,700.00 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 Florham Park, NJ? The most popular types of Model Risk Management jobs in Florham Park, NJ are:
What cities near Florham Park, NJ are hiring for Senior Model Risk Management jobs? Cities near Florham Park, NJ with the most Senior Model Risk Management job openings:

Risk Management - Model Risk Program Associate

JPMorganChase

Jersey City, NJ โ€ข On-site

Full-time

Re-posted yesterday


Job description

Job Summary:
JPMorgan Chase is one of the oldest financial institutions, providing innovative financial solutions globally. They are seeking a Risk Management - Model Risk Program Associate to design and build AI-native tools that transform the model risk lifecycle and enhance collaboration between risk professionals and model developers.
Responsibilities:
โ€ข Design, build, and deploy AI and LLM-based solutions that transform core MRGR processes and workflows during validation and governance.
โ€ข Work closely with MRGR teams to identify opportunities for AI to enhance and modernize model risk management practices and to understand the unique challenges and requirements of model risk governance.
โ€ข Remain current with emerging AI and LLM developments, get hands-on with new capabilities to understand their strengths and limitations, assess how they can be applied within MRGR workflows, and communicate actionable recommendations to stakeholders.
โ€ข Enable MRGR teams to effectively leverage AI tools and platforms in their day-to-day workflows, ensuring adoption is aligned with evolving best practices across the organization.
โ€ข Conduct independent model validation and governance activities to mitigate model risk, with a focus on AI/ML models, LLM-based applications, and Generative AI systems.
Qualifications:
Required:
โ€ข Master's or PhD degree in a quantitative discipline such as Mathematics, Statistics, Computer Science, Engineering, Economics, Finance, or a related field, with strong quantitative and analytical skills.
โ€ข Hands-on experience with applied AI/ML and LLM technologies, including prompt engineering, RAG architectures, agentic AI systems, context engineering, agent skills, MCP architecture, agentic harness, LLM evaluation and beyond.
โ€ข Strong foundation in statistics, econometrics, and machine learning techniques, with a deep understanding of model assumptions, limitations, explainability, and performance evaluation.
โ€ข Familiarity with LLM application tooling and frameworks (e.g., Claude Code, GitHub Copilot, LangChain, vector databases, embedding models, orchestration layers) and an understanding of how these components integrate in end-to-end deployed systems. Passion to stay at the forefront of how Generative AI is being operationalized in financial services and a desire to be a hands-on builder of AI solutions.
โ€ข Strong communication skills with the ability to present complex AI concepts to both technical and non-technical audiences.
โ€ข A risk and control mindset with the ability to ask incisive questions, assess the materiality of model issues, and escalate appropriately.
Company:
With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutionsโ€”carrying forth the innovative spirit of our heritage firms in global operations across 100 markets. Founded in 2000, the company is headquartered in New York, USA, with a team of 10001+ employees. The company is currently Late Stage.