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Senior Model Risk Management Jobs in Rutherford, NJ

DTCC

Model Validation Senior Associate

Jersey City, NJ · On-site

Model Risk Management, MRM is responsible for overseeing enterprise-wide model risk management and ... Per the Federal Reserve Supervision and Regulator guidance (SR 11-7), Model Validation is the set ...

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Senior Model Risk Management information

See Rutherford, NJ salary details

$22.9K

$120.6K

$214.1K

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 Rutherford, NJ is $120,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,100.00 and $147,800.00 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 Rutherford, NJ? The most popular types of Model Risk Management jobs in Rutherford, NJ are:
What job categories do people searching Senior Model Risk Management jobs in Rutherford, NJ look for? The top searched job categories for Senior Model Risk Management jobs in Rutherford, NJ are:
What cities near Rutherford, NJ are hiring for Senior Model Risk Management jobs? Cities near Rutherford, 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 Rutherford, NJ as of May 2026, with employment types broken down into 2% As Needed, 80% Full Time, 13% Part Time, 1% Temporary, and 4% Contract. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $120,556 per year, or $58 per hour.

Risk Model Validation Associate

Nomura International

Manhattan, NY • On-site

Full-time

Posted 12 days ago

Job description

The pay range for this position at commencement of employment is expected to be between $XX and $XX/ [hour/year]*
Company overview
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com
Aon's Benefit Index®, Nomura's benefits rank #1 amongst our competitors
Department Overview:
Nomura's Risk department plays a crucial role in identifying, assessing, and mitigating risks across our business. We strive to protect the firm's assets, reputation, and financial stability by implementing robust risk management practices. Join our team and contribute to our proactive approach in managing risks, allowing us to make informed decisions and thrive in an ever-changing market environment.
Role Description:
Model Risk Management is a group within Risk Management responsible for:
  • Developing, executing and enforcing an effective Model Risk Management Framework.
  • Producing a consolidated view of Model Risk for comparison with the Model Risk Appetite.
  • Independently validating, reviewing and approving Models for their intended uses.

This role will focus on Risk Models and will be responsible for a range of tasks throughout the Model Lifecycle including assessing conceptual soundness, performing sensitivity analysis, verifying proper model implementation, developing benchmark models and reviewing model performance.
Skills, experience, qualifications and knowledge required:
  • A postgraduate degree in a quantitative discipline.
  • 1-3 years of experience in Model Risk.
  • Familiarity with econometrics, stochastic calculus and statistical programming (e.g. R, Python).
  • Familiarity with Risk Models preferred (e.g. VaR, Stress Testing, Counterparty Credit Risk Models).

Nomura Leadership Behaviours
  • Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
  • Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
  • Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
  • Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience.
If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors".
Nomura is an Equal Opportunity Employer

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