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Senior Model Risk Management Jobs in Hillsborough, NJ

US Bank

Senior Market Risk Manager

New York, NY · On-site

This individual will provide hands-on support for risk identification, risk analytics, model performance monitoring, limit oversight, regulatory reporting, and senior management governance materials.

Gemini

Senior Associate, Risk Analytics

New York, NY · On-site +1

Maintain a comprehensive view of the AI and model risk inventory. Develop automated dashboards that provide senior management with a "solid analytical story," leveraging BI tools to track Key Risk ...

New

Gemini

Senior Associate, Risk Analytics

New York, NY · On-site +1

Maintain a comprehensive view of the AI and model risk inventory. Develop automated dashboards that provide senior management with a "solid analytical story," leveraging BI tools to track Key Risk ...

New

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All JobsModel Risk Management JobsSenior Model Risk Management JobsSenior Model Risk Management Jobs in Hillsborough, NJ

Senior Model Risk Management information

See Hillsborough, NJ salary details

$22.9K

$120.5K

$214K

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

As of Sep 2, 2026, the average yearly pay for senior model risk management in Hillsborough, NJ is $120,492.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,100.00 and $147,700.00 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 Hillsborough, NJ?

The most popular types of Model Risk Management jobs in Hillsborough, NJ are:

What job categories do people searching Senior Model Risk Management jobs in Hillsborough, NJ look for?

The top searched job categories for Senior Model Risk Management jobs in Hillsborough, NJ are:

What cities near Hillsborough, NJ are hiring for Senior Model Risk Management jobs?

Cities near Hillsborough, NJ with the most Senior Model Risk Management job openings:

Senior Model Risk Management jobs near you
Infographic showing various Senior Model Risk Management job openings in Hillsborough, NJ as of August 2026, with employment types broken down into 100% Full Time. Highlights an 65% In-person, 17% Hybrid, and 18% Remote job distribution, with an average salary of $120,492 per year, or $57.9 per hour.

Senior Market Risk Manager

US Bank

New York, NY • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

U.S. Bank rating

8.1

Company rating: 8.1 out of 10

Based on 363 frontline employees who took The Breakroom Quiz

65th of 174 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Senior Market Risk Manager will be responsible for the independent measurement, monitoring, analysis, and oversight of market risk across equity derivatives trading activities. This individual will provide hands-on support for risk identification, risk analytics, model performance monitoring, limit oversight, regulatory reporting, and senior management governance materials. The role requires deep knowledge of equity derivatives products, including listed and OTC equity options, equity swaps, volatility products, convertibles, structured equity products, ETF creation and redemption, ADRs, and related hedging strategies.

The successful candidate must have at least 10 years of relevant financial industry experience in Market Risk Management, quantitative risk analytics, trading risk oversight, or a related capital markets risk function. The candidate must also hold a master's degree in Mathematics, Quantitative Finance, Financial Engineering, Statistics, or a closely related quantitative discipline.

Key Responsibilities

  • Provide independent market risk oversight for equity derivatives portfolios, including listed and OTC options, equity swaps, volatility products, convertible securities, structured equity products, ETF creation and redemption, ADRs, and related hedging activity.

  • Review daily VaR, Stress VaR, sensitivity, Greeks, P&L, concentration, liquidity, and limit utilization reports to identify material changes in risk profile, strategy, portfolio composition, or market conditions.

  • Analyze key equity derivatives risk drivers, including delta, gamma, vega, theta, skew, correlation, dividend risk, funding assumptions, volatility surface behavior, and basis risk.

  • Support the design, implementation, testing, validation, and ongoing monitoring of VaR, stress testing, scenario analysis, and other market risk measurement methodologies used for equity derivatives portfolios.

  • Perform model monitoring, back-testing, benchmarking, P-value analysis, sensitivity testing, and outcomes analysis to assess model performance and continued suitability for use.

  • Partner with Front Office, Quantitative Development, Model Risk Governance, Finance, Technology, Operations, and other control functions to resolve data quality issues, model limitations, valuation concerns, and risk reporting exceptions.

  • Prepare and present clear risk commentary, governance materials, committee decks, and escalation summaries for senior management, Market Risk Committee, ALCO, regulators, audit teams, and other oversight stakeholders.

  • Support new product reviews, model change assessments, risk methodology enhancements, limit framework updates, and integration of new trading activities into the market risk platform.

  • Maintain and enhance market risk procedures, model documentation, control evidence, issue logs, and governance artifacts to support internal audit, external audit, regulatory exams, and model validation reviews.

  • Monitor compliance with internal risk appetite, market risk limits, risk indicator limits, Volcker-related controls, and applicable regulatory requirements.

Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience

Preferred Skills/Experience

  • 10 or more years of experience in Market Risk Management, trading risk oversight, quantitative risk analytics, model risk, or a related capital markets risk function.

  • Hands-on experience supporting or overseeing equity derivatives trading activities, including options, swaps, volatility products, structured notes, convertibles, ETF creation and redemption, ADRs, and related hedging strategies.

  • Master's degree required in Mathematics, Quantitative Finance, Financial Engineering, Statistics, Applied Mathematics, or a closely related quantitative field.

  • Strong understanding of derivatives valuation, option pricing theory, volatility modeling, Greeks-based risk analysis, scenario analysis, stress testing, VaR, and back-testing concepts.

  • Experience working with market risk systems, risk factor data, position data, P&L attribution, independent price verification, model monitoring, and regulatory capital reporting processes.

  • Strong analytical, problem-solving, communication, and presentation skills, with the ability to explain complex quantitative concepts to both technical and non-technical stakeholders.

  • Proficiency with Excel, VBA, SQL, Python, or similar analytical tools used to analyze risk, automate reporting, validate data, and support risk infrastructure enhancements.

  • Experience with MSCI RiskMetrics, Bloomberg, Wall Street Systems (WSS), Fidesa, Calypso, internal market risk platforms, or comparable risk and valuation systems.

  • Knowledge of the Market Risk Rule, Basel market risk capital requirements, FRTB concepts, Volcker Rule monitoring, model governance standards, and regulatory expectations for trading risk oversight.

  • Experience supporting model validation, internal audit, external audit, regulatory exams, committee reporting, and remediation of risk or control issues.

  • Ability to work independently, manage multiple priorities, challenge assumptions constructively, and build effective partnerships across risk, finance, technology, operations, and front-office teams.

This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $170,255.00 - $200,300.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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