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Senior Model Risk Management Jobs in Ridgewood, NJ

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Senior Model Risk Management information

See Ridgewood, NJ salary details

$22.8K

$119.7K

$212.5K

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

As of May 30, 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

Credit Risk Model Owner

BizTek People, Inc. | APA International Placement Consultants

Manhattan, NY • On-site

Full-time

Posted 20 days ago

Job description

Job Description
An iInternational banking organization seeks Analyst or Associate level of Credit Risk Model Owner to serve as local model owner to monitor and manage credit risk related models for the Bank's
Responsibilities: Delivery
• Conduct model performance monitoring based on monitoring plan and subsequent revisions, communicate with team leads, model validation team, model users and other stakeholders
• Maintain the An iit risk related model inventories, work with model validators to prepare the model documentation package, model attestation, etc.
• Address model risk findings which are issued by model validation group and internal audit generally
• Develop internal credit risk models collaborating with Tokyo Head Office, Model Validation team and/or external vendors
• Periodic monitoring on the use of credit models to identify and examine the need for enhancements of the models and their user guidance including training to model users
• Enhance model management, governance processes and model documentation standards to improve efficiency and accuracy of model validation process
Interpersonal Objectives:
• Communicate with various model stakeholders, including model users, model validators and internal auditors across the bank including Tokyo Head Office
• Report to team leads and senior management and also lead and train junior members
• Recommend enhancements to data management process to improve efficiency and accuracy of ongoing performance monitoring
• Consider the best approach to address the issues and feedback from model users
• Make presentations to senior management and regulators about credit risk related models and make trainings to model users
Requirements
  • Strong knowledge of Model Risk Management framework, regulation and industry practice (Experience related to Credit Risk Rating Model is better)
  • Good experience and knowledge as Credit Risk Model Owner including developing credit rating models and documentation
  • Strong presentation skills to create visualized charts/materials for readers including regulators and senior management
  • Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure
  • Ability to communicate appropriately at different levels of the organization to build collaborative relationships

Skills
  • Minimum work experience in model risk management of two years or more such as either model developer, model validator or both (experience related to credit risk rating models is highly desirable)
  • Major in Probability/Statistics/Financial Mathematics/Computer Science preferred
  • Master Degree/CFA/FRM preferred
  • Highly desirable technical and quantitative analysis skills with statistic knowledge and with technical knowledge such as using Excel (VBA), MS Access, SQL, SAS and Python.
  • Excellent interpersonal and written and verbal communication skills
  • Japanese language skill a plus

Benefits
Good benefits

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