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Senior Model Risk Management Jobs in Ridgewood, NJ

NEW YORK POWER AUTHORITY

Model Risk Analyst

White Plains, NY · On-site

$74K - $102.30K/yr

Manage the model inventory in the company's governance solution, ensure timely updates of forms and ... Work with senior EORM Team members to establish and implement the Enterprise and/or Operational ...

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Senior Model Risk Management information

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$22.8K

$119.7K

$212.5K

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 Ridgewood, NJ is $119,652.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,500.00 and $146,700.00 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 Ridgewood, NJ? The most popular types of Model Risk Management jobs in Ridgewood, NJ are:
What job categories do people searching Senior Model Risk Management jobs in Ridgewood, NJ look for? The top searched job categories for Senior Model Risk Management jobs in Ridgewood, NJ are:
What cities near Ridgewood, NJ are hiring for Senior Model Risk Management jobs? Cities near Ridgewood, NJ with the most Senior Model Risk Management job openings:
Senior Model Risk Management jobs near you
Risk Management - Model Risk Program Associate

Risk Management - Model Risk Program Associate

JPMorgan Chase & Co

Jersey City, NJ • On-site

Full-time

Medical, Retirement

Posted 22 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 466 frontline employees who took The Breakroom Quiz

45th of 141 rated banks

Job description

Join JPMorgan Chase's Risk Management and Compliance team, where your expertise will help us anticipate and navigate emerging risks. As part of the Model Risk Governance and Review (MRGR) team, you'll conduct independent model validation and governance activities to mitigate model risk. Your knowledge will be instrumental in safeguarding the firm from decisions based on unreliable model outputs and ensuring robust model risk management practices. 

As an associate in the Model Risk Governance and Review team (CIB Wholesale Payments and Data Science), you will participate in independent model validation and governance activities, helping to identify, assess, and reduce model risk in the firm.  This position offers hands-on experience with diverse modeling approaches while keeping you up to date on the latest developments in products, AI/ML models, Generative AI, and risk management practices.

Job Responsibilities

  • Conduct independent model validation and governance activities to mitigate model risk across a diverse portfolio, including CIB Wholesale Payments, CIB Fraud, Marketing, and Operations models.

  • Engage in model validation activities and evaluate adherence to development standards including conceptual soundness of design, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability of performance metrics

  • Identify weaknesses, limitations, and emerging risks through independent testing, building benchmarks, and ongoing monitoring activities
  • Communicate risk assessments and findings to stakeholders, and document high quality technical reports
  • Assess and determine whether tools and applications qualify as models under the firm's model risk framework, distinguishing between models, analytical tools, and non-model applications

  • Liaise with Risk and Finance professionals to provide oversight and guidance on appropriate usage, controls around model restrictions and limitations, and findings for ongoing performance assessment and testing

  • Design, build, and test LLM-based use cases to enhance MRGR processes and improve operational efficiency

Required qualifications, capabilities and skills

  • Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Master or PhD Degree in a quantitative discipline such as Math, Statistics, Economics, Finance, Engineering, or related fields

  • 2 plus years of experience in model validation, model development, quantitative analysis, or a related analytical role in financial services or a similar industry. 
  • Strong communication skills, with the ability to present complex concepts to both technical and non-technical audiences. Risk and control mindset: ability to ask incisive questions, assess materiality of model issues, and escalate issues appropriately
  • Strong foundation in statistics, with hands-on experience applying statistics and machine learning techniques, including Regression, Boosted Trees, Neural Networks, Support Vector Machines (SVM), and Large Language Models such as BERT. 
  • Proficiency in Python, with hands-on experience using libraries for data analysis, machine learning, and working with LLM frameworks and APIs
  • Experience with Generative AI applications, including Large Language Models, prompt engineering, RAG architectures, and building agentic AI systems.
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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