Model Risk Management Salaries in Durham, NC
How Much Does a Model Risk Management Make in Durham, NC?
Updated May 01, 2025
As of May 01, 2025,
the average annual pay of Model Risk Management in Durham, NC is $125,429.
While Salary.com is seeing that Model Risk Management salary in Durham, NC can go up to $152,982
or down to $97,634, but most earn between $110,880 and $139,851.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Model Risk Management
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Similar Job Salaries to Model Risk Management by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Sumitomo Mitsui Banking Corporation
Model Risk Associate
|
$92,243/yr
|
RANGE: $79,426 - $105,059
|
|
City National Bank
Head of Model Risk CNB
|
$150,203/yr
|
RANGE: $128,233 - $172,172
|
|
Huntington Bank
Model Risk Review Specialist I
|
$66,086/yr
|
RANGE: $56,002 - $76,169
|
|
Athene Employee Services, LLC
Director Model Risk Management
|
$155,850/yr
|
RANGE: $133,244 - $178,456
|
|
Goldman Sachs
Model Risk Management - Dallas
|
$108,673/yr
|
RANGE: $93,796 - $123,550
|
|
SoFi
Director, Model Risk Management
|
$175,617/yr
|
RANGE: $150,145 - $201,090
|
|
GM Financial
Intern- Model Risk Management
|
$101,368/yr
|
RANGE: $90,044 - $112,691
|
|
Athene
Director Model Risk Management
|
$155,850/yr
|
RANGE: $133,244 - $178,456
|
|
UNITED COMMUNITY BANK
Director of Model Risk Management
|
$147,047/yr
|
RANGE: $125,718 - $168,376
|
|
Tbwa Chiat/Day Inc
Head of Model Risk Management
|
$119,773/yr
|
RANGE: $102,435 - $137,111
|
What Does a Model Risk Management Do?
The aim of model risk management is to employ techniques, practices or behaviours that will identify, measure and mitigate model risks – the potential of model error or wrongful model usage.
Updated October 19, 2021
The path to sophisticated model risk management is evolutionary—it can be usefully discussed as having three stages: building the elements of the foundation, implementing a robust MRM program, and capturing the value from it (Exhibit 1).
Updated November 26, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Model Risk Management Salaries
What is the average of a Model Risk Management in Durham, NC?
The Model Risk Management salary range is from $110,880 to $139,851, and the average Model Risk Management salary is $125,429/year in Durham, NC.
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 Santa Clara, CA is $162,293
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.
