Model Risk Management Salaries in New York
How Much Does a Model Risk Management Make in New York?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Model Risk Management in New York is $136,588.
While Salary.com is seeing that Model Risk Management salary in NY can go up to $166,575
or down to $106,329, but most earn between $120,749 and $152,285.
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 |
|---|---|---|
|
Athene Employee Services, LLC
VP Model Risk Management
|
$104,826/yr
|
RANGE: $95,732 - $113,921
|
|
Tompkins Financial Corporation
Model Risk Management Program Coordinator
|
$140,139/yr
|
RANGE: $119,333 - $160,945
|
|
Tompkins Community Bank
Model Risk Management Program Coordinator
|
$141,154/yr
|
RANGE: $120,197 - $162,110
|
|
Bank of China Limited, New York Branch
ERM-Model Risk Management Associate
|
$111,538/yr
|
RANGE: $95,982 - $127,093
|
|
The Goldman Sachs Group
Model Risk Management - New York
|
$129,054/yr
|
RANGE: $111,119 - $146,989
|
|
Goldman Sachs
Model Risk Management - New York
|
$129,054/yr
|
RANGE: $111,119 - $146,989
|
|
JPMorgan Chase
Risk Management - Model Risk Program Associate
|
$122,871/yr
|
RANGE: $106,154 - $139,587
|
|
SoFi
Senior Staff Analyst, Model Risk Management
|
$128,536/yr
|
RANGE: $111,382 - $145,691
|
Top 10 Highest Paying Cities For Model Risk Management Jobs in New York
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Model Risk Management can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Model Risk Management job salaries in New York.
Some cities can pay higher salaries for Model Risk Management jobs, which can indicate that there is a large demand for Model Risk Management positions in this city.
The following table shows top 10 cities where the Model Risk Management salary is higher than other cities in New York.
New York takes first place in this list, followed by Bronx, Brooklyn.
The Model Risk Management salary is $149,658 in New York,
which is higher than the national average. There are 17 cities' Model Risk Management salary higher than national average in New York.
The average salary for a Model Risk Management in New York is $136,588,
but we found that the city with the highest salary for Model Risk Management jobs is New York, NY, and it is higher than Bronx.
Model Risk Management jobs in New York can have the opportunity to earn higher salaries than in other cities in New York.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| New York | $149,658 | $12,471 | $2,878 | $72 |
| Bronx | $149,658 | $12,471 | $2,878 | $72 |
| Brooklyn | $149,658 | $12,471 | $2,878 | $72 |
| Queens Village | $148,633 | $12,386 | $2,858 | $71 |
| Yonkers | $147,480 | $12,290 | $2,836 | $71 |
| Mount Vernon | $147,351 | $12,279 | $2,834 | $71 |
| Huntington | $146,070 | $12,173 | $2,809 | $70 |
| New Rochelle | $145,686 | $12,140 | $2,802 | $70 |
| Staten Island | $143,764 | $11,980 | $2,765 | $69 |
| Levittown | $140,560 | $11,713 | $2,703 | $68 |
What Does a Model Risk Management Do?
These are highly imperative for banks and other financial institutions to ensure effective model risk management.
Updated October 20, 2021
Supervisors on both sides of the Atlantic decided that additional controls were needed and began applying specific requirements for model risk management on banks and insurers.
Updated October 16, 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 New York?
The Model Risk Management salary range is from $120,749 to $152,285, and the average Model Risk Management salary is $136,588/year in New York.
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 $160,805
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.
