Model Risk Management Salaries in the United States
How Much Does a Model Risk Management Make?
Updated March 26, 2024
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SELECT STATE
Select State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
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- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
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Individually reported data submitted by users of our website
Normal Confidence
$123,523/yr
Average Base Pay
Low $109,264
Average $123,523
High $137,525
The average salary for Model Risk Management is $123,523 per year in the United States.
Related Job Titles to Model Risk Management
Similar Job Salaries to Model Risk Management by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Synchrony Financial
SVP, Model Risk Management
|
$181,798/yr
|
RANGE: $151,050 - $212,546
|
|
Morgan Stanley
VP, Model Risk (Risk Management)
|
$171,897/yr
|
RANGE: $142,077 - $201,717
|
|
Kroll Bond Rating Agency
Model Risk Management - Senior Director
|
$150,113/yr
|
RANGE: $127,843 - $172,383
|
|
BNYM External Career Site
Vice President, Model Risk Management II
|
$148,937/yr
|
RANGE: $117,696 - $180,179
|
|
BNY Mellon
Vice President, Model Risk Management II
|
$94,761/yr
|
RANGE: $81,586 - $107,936
|
|
Varo Bank
Sr. Analyst, Data Science - Model Risk Management
|
$93,504/yr
|
RANGE: $79,649 - $107,358
|
|
Citi
SVP, Risk Regulatory Affairs Lead – Model Risk Management - C14
|
$274,335/yr
|
RANGE: $216,026 - $332,644
|
|
JPMorgan Chase
Risk Management - Model Risk Governance and Review - Project Manager Associate
|
$109,773/yr
|
RANGE: $94,251 - $125,295
|
|
Chase- Candidate Experience page
Risk Management - Control Manager (Model Risk) - Executive Director
|
$154,056/yr
|
RANGE: $132,642 - $175,470
|
|
Morgan Stanley
Vice President, Model Risk Management Validation - Market Risk Models
|
$286,045/yr
|
RANGE: $237,782 - $334,307
|
What Does a Model Risk Management Do?
Before advancing on what Model Risk Management is, it is imperative to first understand what a model is.
Updated December 22, 2021
The COVID-19 pandemic has affected the performance of models globally, including traditional financial-risk models, such as those for credit risk, as well as models for nonfinancial risk, such as fraud management.
Updated December 22, 2021
Reporting thereby becomes meaningful, as senior managers get an exhaustive view on model risk beyond the technicalities—one with a real risk perspective.
Updated December 19, 2021
Of banks globally reported that credit-risk models were the most affected by the COVID-19 business environment.
Updated December 19, 2021
The approach increases model transparency and reduces the risk of delays, as center managers apply such tools as control dashboards and checkpoints to reduce rework.
Updated December 13, 2021
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Explore JobArchitectFrequently Asked Questions About a Model Risk Management Salaries
What is the average of a Model Risk Management in the United States?
The Model Risk Management salary range is from $109,264 to $137,525, and the average Model Risk Management salary is $123,523/year in the United States.
The Model Risk Management's salary will change in different locations.
Which location pays the highest Model Risk Management salary in the United States?
The Model Risk Management salary in San Jose, CA is $155,021
which is the highest in the US.
What kinds of reasons will influence the Model Risk Management's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Model Risk Management.
What is the growth rate of the Model Risk Management's salary?
If you are thinking of becoming a Model Risk Management or planning the next step in your career, find the detailed salary report of a Model Risk Management.
Recent Salary Report
Below are the most recent Model Risk Management salary reports. Employer name has been removed to protect anonymity.
$138,198
Yearly
A Model Risk Management in Concord, NH reported making $138,198 per year
Concord, NH
6 - 1,000 employees
Full-Time
Company - Private
$130,570
Yearly
A Model Risk Management in Keene, NH reported making $130,570 per year
Keene, NH
200 - 6 employees
Full-Time
Company - Private
$61
Hourly
A Model Risk Management in Gilbert, AZ reported making $61 per hour
Gilbert, AZ
7,6 - 15,000 employees
Part-Time
Company - Public
$68
Hourly
A Model Risk Management in Framingham, MA reported making $68 per hour
Framingham, MA
3,000 - 7,6 employees
Part-Time
Company - Public
$9,699
Monthly
A Model Risk Management in Oak Park, IL reported making $9,699 per month
Oak Park, IL
1,000 - 3,000 employees
Full-Time
Company - Public
$122,532
Yearly
A Model Risk Management in Concord, CA reported making $122,532 per year
Concord, CA
100 - 200 employees
Full-Time
Company - Private
