Model Risk Management Salaries in Norfolk, VA
How Much Does a Model Risk Management Make in Norfolk, VA?
Updated May 01, 2025
As of May 01, 2025,
the average annual pay of Model Risk Management in Norfolk, VA is $120,694.
While Salary.com is seeing that Model Risk Management salary in Norfolk, VA can go up to $147,206
or down to $93,948, but most earn between $106,694 and $134,572.
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 |
|---|---|---|
|
SoFi
Director, Model Risk Management
|
$175,617/yr
|
RANGE: $150,145 - $201,090
|
|
PenFed Credit Union
Sr. Director, Financial Model Risk Management
|
$149,073/yr
|
RANGE: $129,052 - $169,094
|
|
capitalone
Senior Associate, Quantitative Analysis - Model Risk Management
|
$118,533/yr
|
RANGE: $103,418 - $133,649
|
|
Capital One
Senior Associate, Quantitative Analysis - Model Risk Management
|
$102,489/yr
|
RANGE: $88,862 - $116,117
|
|
Genworth
Actuary, Model Risk
|
$114,205/yr
|
RANGE: $100,908 - $127,501
|
|
Fannie Mae
Lead Associate-Model Risk Analytics
|
$148,803/yr
|
RANGE: $128,819 - $168,788
|
|
Capital One
Director, Data Science - Model Risk
|
$161,498/yr
|
RANGE: $143,772 - $179,224
|
|
Hispanic Technology Executive Council
Director, Data Science - Model Risk
|
$161,498/yr
|
RANGE: $143,772 - $179,224
|
What Does a Model Risk Management Do?
Of banks globally reported that credit-risk models were the most affected by the COVID-19 business environment.
Updated December 19, 2021
For 60 percent of the group, model ownership is held by users, representing the preferred option for institutions that are more advanced in model management, allowing a better engagement of business on data and modeling assumptions.
Updated November 29, 2021
This includes the policies for MRM objectives and scope, the models themselves, and the management of model risk through the model life cycle.
Updated November 08, 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
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Explore JobArchitectFrequently Asked Questions About a Model Risk Management Salaries
What is the average of a Model Risk Management in Norfolk, VA?
The Model Risk Management salary range is from $106,694 to $134,572, and the average Model Risk Management salary is $120,694/year in Norfolk, VA.
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.
