Model Risk Management Salaries in South Dakota
How Much Does a Model Risk Management Make in South Dakota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Model Risk Management in South Dakota is $116,634.
While Salary.com is seeing that Model Risk Management salary in SD can go up to $142,252
or down to $90,787, but most earn between $103,105 and $130,044.
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 |
|---|---|---|
|
Synchrony
SVP, Operational Risk & Model Risk Management
|
$132,435/yr
|
RANGE: $120,269 - $144,601
|
|
First Hawaiian Bank
Model Risk Management Officer
|
$90,725/yr
|
RANGE: $81,942 - $99,508
|
|
First Commonwealth Bank
Model Risk Management Officer
|
$86,851/yr
|
RANGE: $78,443 - $95,260
|
|
Tbwa Chiat/Day Inc
Head of Model Risk Management
|
$96,622/yr
|
RANGE: $88,511 - $104,733
|
|
GM Financial
Intern- Model Risk Management
|
$90,416/yr
|
RANGE: $81,629 - $99,203
|
|
Allianz US Life
Model Risk Management Associate | Hybrid
|
$107,438/yr
|
RANGE: $97,274 - $117,603
|
|
Jobleads-US
Director of Model Risk Management and Oversight
|
$154,606/yr
|
RANGE: $140,054 - $169,157
|
|
Tompkins Community Bank
Model Risk Management Program Coordinator
|
$115,974/yr
|
RANGE: $104,617 - $127,331
|
Top 10 Highest Paying Cities For Model Risk Management Jobs in South Dakota
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 South Dakota.
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 South Dakota.
Sioux Falls takes first place in this list, followed by Brookings, Watertown.
The Model Risk Management salary is $116,493 in Sioux Falls,
which is lower than the national average. There is 0 city's Model Risk Management salary higher than national average in South Dakota.
The average salary for a Model Risk Management in South Dakota is $116,634,
but we found that the city with the highest salary for Model Risk Management jobs is Sioux Falls, SD, and it is higher than Brookings.
Model Risk Management jobs in Sioux Falls can have the opportunity to earn higher salaries than in other cities in South Dakota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Sioux Falls | $116,493 | $9,708 | $2,240 | $56 |
| Brookings | $114,568 | $9,547 | $2,203 | $55 |
| Watertown | $114,568 | $9,547 | $2,203 | $55 |
| Rapid City | $114,208 | $9,517 | $2,196 | $55 |
| Deadwood | $112,283 | $9,357 | $2,159 | $54 |
| Pierre | $108,125 | $9,010 | $2,079 | $52 |
| Aberdeen | $106,200 | $8,850 | $2,042 | $51 |
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 South Dakota?
The Model Risk Management salary range is from $103,105 to $130,044, and the average Model Risk Management salary is $116,634/year in South Dakota.
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 $161,873
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.
