How much does a Risk Modeling Senior Manager make in Colorado? The average Risk Modeling Senior Manager salary in Colorado is $215,578 as of February 26, 2024, but the range typically falls between $189,581 and $239,173. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Risk Modeling Senior Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Risk Modeling Senior Manager Salary $165,912 CO February 26, 2024
25th Percentile Risk Modeling Senior Manager Salary $189,581 CO February 26, 2024
50th Percentile Risk Modeling Senior Manager Salary $215,578 CO February 26, 2024
75th Percentile Risk Modeling Senior Manager Salary $239,173 CO February 26, 2024
90th Percentile Risk Modeling Senior Manager Salary $260,654 CO February 26, 2024
25% $189,581 10% $165,912 90% $260,654 75% $239,173 $215,578 50%(Median) Didn’t find job title? Click
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What skills does a Risk Modeling Senior Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Forecasting: Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.

3.

Work ethic: A belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. A set of values centered on importance of work and manifested by determination or desire to work hard.

Risk Management 0.07%
Forecasting 0.01%
Work ethic 0.01%
Others 99.91%

Job Description for Risk Modeling Senior Manager

Risk Modeling Senior Manager oversees the strategic business analysis modeling activities involved in an organization's credit risk management function. Develops and evaluates systems associated with controlling credit risk. Being a Risk Modeling Senior Manager determines strategies and policies that maximize profits and asset growth, and minimize credit and operating losses and other risk exposure. Requires a bachelor's degree. Additionally, Risk Modeling Senior Manager typically reports to top management. The Risk Modeling Senior Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Risk Modeling Senior Manager typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Risk Modeling Senior Manager in Colorado

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Location Avg. Salary Date Updated
Location Jefferson, CO Avg. Salary $217,243 Date Updated February 26, 2024
Location Agate, CO Avg. Salary $212,484 Date Updated February 26, 2024
Location Aguilar, CO Avg. Salary $198,103 Date Updated February 26, 2024
Location Akron, CO Avg. Salary $204,954 Date Updated February 26, 2024
Location Alamosa, CO Avg. Salary $198,103 Date Updated February 26, 2024
Location Allenspark, CO Avg. Salary $217,947 Date Updated February 26, 2024
Location Alma, CO Avg. Salary $217,766 Date Updated February 26, 2024
Location Almont, CO Avg. Salary $218,929 Date Updated February 26, 2024
Location Amherst, CO Avg. Salary $200,070 Date Updated February 26, 2024
Location Anton, CO Avg. Salary $214,725 Date Updated February 26, 2024
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Risk Modeling Senior Manager Salary in Colorado
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