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Vice President Model Risk Management Jobs (NOW HIRING)

BNY

Vice President, Model Risk Management

Los Angeles, CA · On-site +1

$129.50K - $179K/yr

The Bank of New York Mellon seeks Vice President, Model Risk Management II in Los Angeles, CA, to contribute to highly visible enterprise-wide model development function in the organization. Make ...

Wintrust

Officer, Model Risk Management

Rosemont, IL · On-site

The analyst in collaboration with the VP of Model Risk Management interfaces with key stakeholders throughout validation process to discuss justification and reasoning behind validation and review ...

Wintrust

Officer, Model Risk Management

Rosemont, IL

The analyst in collaboration with the VP of Model Risk Management interfaces with key stakeholders throughout validation process to discuss justification and reasoning behind validation and review ...

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Vice President Model Risk Management information

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$43.5K

$157.5K

$277.5K

How much do vice president model risk management jobs pay per year?

As of May 28, 2026, the average yearly pay for vice president model risk management in the United States is $157,532.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $190,000.00 per year, depending on experience, location, and employer.

What is the difference between Vice President Model Risk Management vs Model Validation Analyst?

AspectVice President Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees (e.g., MBA, PhD), certifications like FRM or CFABachelor's or Master's in finance, statistics, or related fields; certifications like FRM or CFA often preferred
Work EnvironmentStrategic leadership, cross-department collaboration, executive-level reportingAnalytical, detail-oriented work focused on model testing and validation
Employer & Industry UsageFinancial institutions, banks, asset managers, regulatory bodiesFinancial firms, risk management teams, model development groups

The Vice President Model Risk Management oversees the entire model risk framework, focusing on strategy, governance, and high-level risk assessment. In contrast, the Model Validation Analyst conducts detailed testing and validation of models to ensure accuracy and compliance. While both roles require strong quantitative skills and relevant certifications, the VP role is more strategic and managerial, whereas the analyst role is more technical and operational.

What cities are hiring for Vice President Model Risk Management jobs? Cities with the most Vice President Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Vice President Model Risk Management jobs? States with the most job openings for Vice President Model Risk Management jobs include:
What job categories do people searching Vice President Model Risk Management jobs look for? The top searched job categories for Vice President Model Risk Management jobs are:
Vice President Model Risk Management jobs near you
Infographic showing various Vice President Model Risk Management job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 97% Full Time, 1% Part Time, and 1% Temporary. Highlights an 69% Physical, 23% Hybrid, and 8% Remote job distribution, with an average salary of $157,532 per year, or $75.7 per hour.

Enterprise Risk Management Department-Model Risk Management VP

Bank of China

Manhattan, NY • On-site

$230K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Job description

VP Model Risk Management

The job is a VP role in Model Risk Management team. The role contributes to implementing the model risk management framework including carrying out model risk governance activities and performing independent model validation. Specifically, regarding model validation, this role mainly drives and contributes to all kinds of model validations (e.g. credit risk, compliance risk, market risk/pricing, interest rate risk and liquidity risk types of models, etc.). This role will also get exposure to End User Computing (EUC) control framework enhancement and implementation. In general, this role is able to execute multi-tasks around model risk governance, conduct and add business values in model validation process, timely and effectively respond the requests from Regulatory and Internal Audit, and contribute in EUC control process.

Responsibilities

  • Conduct independently and drive the team to perform model validation mainly on credit risk related models by applying analytical skills for models defined in the model inventory and produce model validation reports
  • Independently coordinate the remediation of model validation findings and provide analytical guidance of the finding owners
  • Independently communicate with model developers/owner/users and senior management regarding validation findings and remediation activities
  • Support and drive the team to implement the activities defined in model risk management framework and ensures that the Bank's model risk management framework continues to align with regulatory expectations
  • Support and drive the team to maintain model inventory and conduct annual model review/attestation processes
  • Contribute in EUC control framework maintenance and enhancement
  • Collaborate with relevant stakeholders to carry out the activities defined in EUC control framework
  • Support the other teams in ERM as needed.

Qualifications

  • Bachelor's degree required. Master's degree in Financial Engineering, Financial Mathematics, Mathematics, Statistics or Computer Science major preferred.
  • Minimum 6 years of financial modeling/analytical experience.
  • Demonstrate strong analytical and quantitative skills to understand and validate models effectively.
  • Demonstrate strong critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment.
  • Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB.
  • FRM or CFA preferred.

Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $110,000.00 - USD $230,000.00 /Yr.

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