Mercury
Model Risk Manager
$150K–$208K
San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States +1 · Remote · Manager · Full-time · Posted Oct 9, 2026
- Location
- San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States
Any Office or Remote - Experience
- 5+ years; relevant experience in model validation, model development, quantitative risk analytics, or a related discipline.
- Education
- Bachelor’s degree in a stated or related field; Master’s degree or PhD preferred.
About the job
Build and operate Mercury’s risk-based Model Risk Management program by independently reviewing models, assessing and reporting model risk, and improving governance and monitoring practices.
What you'll do
- Validate and review internal and third-party models, assessing methodology, data, implementation, performance, assumptions, and limitations.
- Maintain model inventory and monitoring practices; document findings, recommend remediation, and report model risk to management and governance committees.
- Improve model risk policies and processes, support regulatory and audit reviews, and coordinate boundaries with Data and AI Governance teams.
What they ask for
- 5+ years of relevant experience in model validation, model development, quantitative risk analytics, or a related discipline within banking, fintech, financial services, or consulting.
- Bachelor’s degree in a related field, including Statistics, Mathematics, Physics, Computer Science, Engineering, or Financial Engineering.
- Strong knowledge of model risk management principles and regulatory expectations, including revised interagency guidance reflected in SR 26-2.
- Intensive experience validating or developing models, and proficiency with SQL and Python.
Nice to have
- Master’s degree or PhD.
- Experience building or enhancing a model risk management program; familiarity with bank regulatory examinations, charter readiness, or risk programs at a growing financial institution; knowledge of Haskell.
Pay
USD 166,600—208,300 base salary; USD 149,900—187,500 base salary; CAD 157,400—196,800 base salary
Tools
SQL, Python, XGBoost, random forests, Alloy, Firco, Haskell
AI focus
Partner with Data and AI Governance to establish boundaries and handoffs between traditional model risk management and governance of generative AI, agentic AI, and other analytical systems outside the formal model definition.
Model-written summary · the original posting is authoritative