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Vice President Model Risk Management Jobs in Ridgewood, NJ

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Vice President Model Risk Management information

See Ridgewood, NJ salary details

$44K

$159.4K

$280.8K

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

As of Aug 22, 2026, the average yearly pay for vice president model risk management in Ridgewood, NJ is $159,388.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,400.00 and $192,200.00 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 does a Vice President Model Risk Management do?

A Vice President of Model Risk Management oversees the development, validation, and monitoring of financial models to ensure their accuracy and compliance with regulatory standards. They assess model risks, implement controls, and collaborate with teams to mitigate potential financial and operational impacts, often using tools like statistical software and risk management frameworks.

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 are popular job titles related to Vice President Model Risk Management jobs in Ridgewood, NJ?

For Vice President Model Risk Management jobs in Ridgewood, NJ, the most frequently searched job titles are:

What job categories do people searching Vice President Model Risk Management jobs in Ridgewood, NJ look for?

The top searched job categories for Vice President Model Risk Management jobs in Ridgewood, NJ are:

What cities near Ridgewood, NJ are hiring for Vice President Model Risk Management jobs?

Cities near Ridgewood, NJ with the most Vice President Model Risk Management job openings:

Senior Vice President, Model Risk Management

BNY

Manhattan, NY โ€ข On-site

Full-time

Posted 25 days ago


Job description

Weโ€™re seeking a future team member for the role of SVP - Model Risk Management to join our Model Risk team. This role is located in New York City, New York. 

In this role, youโ€™ll make an impact in the following ways:

  • Lead the independent validation of treasury risk models, including IRRBB models and revenue forecasting models etc
  • Provide credible challenge and independent assessment of model.
  • Guide analysts in designing and executing efficient, risk-focused validation tests to identify model risks
  • Communicate findings and limitations clearly to stakeholders and senior management and partner stakeholders to ensure risks are understood and appropriately mitigated.
  • Ensure validation activities are aligned with internal model risk management standards and regulatory expectations

To be successful in this role, weโ€™re seeking the following:  

  • Advanced degree in Finance, Economics, Mathematics, Statistics, Financial Engineering, or a related quantitative field; Masterโ€™s degree required, PhD preferred.
  • 5-10 years of experience in model risk management, model validation, treasury risk, or quantitative risk management within financial services.
  • Deep understanding of treasury risk models
  • In-depth knowledge of financial instruments, valuation concepts, and risk measurement methodologies.
  • Strong understanding of regulatory requirements and industry practice. 
  • Strong analytical and problem-solving skills with the ability to identify risks and recommend practical mitigation solutions.
  • Demonstrated critical thinking skills, with the ability to evaluate complex model frameworks, identify risks, and develop practical mitigation recommendations.
  • Excellent verbal and written communication skills, with the ability to present complex technical concepts to both technical and non-technical audiences.

At BNY, our culture allows us to run our company better and enables employeesโ€™ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the worldโ€™s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance โ€“ and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.