Model Risk Management Salaries in Virginia
How Much Does a Model Risk Management Make in Virginia?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Model Risk Management in Virginia is $129,237.
While Salary.com is seeing that Model Risk Management salary in VA can go up to $157,623
or down to $100,597, but most earn between $114,246 and $144,095.
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
|
$146,510/yr
|
RANGE: $133,303 - $159,716
|
|
PenFed Credit Union
Sr. Director, Financial Model Risk Management
|
$115,324/yr
|
RANGE: $105,469 - $125,178
|
|
capitalone
Senior Associate, Quantitative Analysis - Model Risk Management
|
$106,147/yr
|
RANGE: $95,379 - $116,916
|
|
Capital One
Senior Associate, Quantitative Analysis - Model Risk Management
|
$93,559/yr
|
RANGE: $83,371 - $103,746
|
|
Capital One
Risk Manager - Model Risk
|
$110,563/yr
|
RANGE: $100,988 - $120,139
|
|
Truist
Senior Audit Manager - Quality Assurance (Model Risk Management, Capital, Liquidity & Market Risk)
|
$112,747/yr
|
RANGE: $103,198 - $122,296
|
|
Capital One Careers
Director, Data Science - Model Risk
|
$129,742/yr
|
RANGE: $117,497 - $141,986
|
|
Athene
Director Model Risk Management
|
$130,019/yr
|
RANGE: $118,299 - $141,739
|
Top 10 Highest Paying Cities For Model Risk Management Jobs in Virginia
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 Virginia.
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 Virginia.
Arlington takes first place in this list, followed by Alexandria, Annandale.
The Model Risk Management salary is $142,096 in Arlington,
which is higher than the national average. There are 5 cities' Model Risk Management salary higher than national average in Virginia.
The average salary for a Model Risk Management in Virginia is $129,237,
but we found that the city with the highest salary for Model Risk Management jobs is Arlington, VA, and it is higher than Alexandria.
Model Risk Management jobs in Arlington can have the opportunity to earn higher salaries than in other cities in Virginia.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Arlington | $142,096 | $11,841 | $2,733 | $68 |
| Alexandria | $142,096 | $11,841 | $2,733 | $68 |
| Annandale | $142,096 | $11,841 | $2,733 | $68 |
| Reston | $141,840 | $11,820 | $2,728 | $68 |
| Centreville | $141,583 | $11,799 | $2,723 | $68 |
| Richmond | $124,899 | $10,408 | $2,402 | $60 |
| Petersburg | $124,514 | $10,376 | $2,394 | $60 |
| Virginia State University | $124,514 | $10,376 | $2,394 | $60 |
| Virginia Beach | $122,306 | $10,192 | $2,352 | $59 |
| Newport News | $120,651 | $10,054 | $2,320 | $58 |
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 Virginia?
The Model Risk Management salary range is from $114,246 to $144,095, and the average Model Risk Management salary is $129,237/year in Virginia.
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.
