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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 14, 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 job categories do people searching Senior Model Risk Management jobs in Florham Park, NJ look for?

The top searched job categories for Senior 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:

Senior Model Risk Management jobs near you

Risk Management - Quant Modeling Director - Executive Director

JP Morgan Chase

Jersey City, NJ

Full-time

Medical, Retirement

Re-posted 10 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 494 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description

Bring your Expertise to JPMorgan Chase. 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 Risk Management - Quant Modeling Director - Executive Director in Model Risk Governance & Review (MRGR), you lead model validation and governance. You help us ensure models are used appropriately and support business decisions. You collaborate with diverse teams to monitor model performance and implement risk mitigation. You contribute to a culture of innovation and continuous improvement.

Job responsibilities:

  • Lead model reviews; evaluate the conceptual soundness; reasonableness of assumptions and reliability of inputs; completeness of testing; model robustness; performance metrics and risk measures associated with model use. Conduct independent testing.
  • Review models used in retail lending, CCAR, PPNR, and forecasting. identifying applicable regulatory requirements, including SR 26-2 and SR 15-18. Apply there requirements to model validation; assess the severity of stress projections and the support for those projections; assessing model sensitivity to assumptions and macroeconomic variables. Evaluate the reasonableness of model overlays, including rationale, methodology, and impact. 
  • Measure model risk
  • Maintain model risk controls
  • Participate to automation adoption for model review
  • Stay current on industry developments

  • Assist in training junior team members

Required qualifications, capabilities, and skills:

  • Bachelors in a quantitative or similar discipline
  • 10+ years relevant experience, 5+ years in model development/validation for retail financial products
  • Leadership in model governance
  • Experience with CCAR regulatory requirements and other relevant regulatory requirements
  • Expertise in retail banking products
  • Risk & Control mindset

  • Excellent written and verbal communication skills

Preferred qualifications, capabilities, and skills:

  • PhD or Master's in quantitative discipline similar discipline
  • Experience with model validation for credit underwriting, risk management, and capital planning
  • Familiarity with model risk management practices
  • Ability to collaborate with Risk, Finance, Control, and LOB professionals
  • Knowledge of industry standards
  • Experience with automation solutions in model review
  • Training and mentoring skills
  • Strong analytical and problem-solving abilities
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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