Risk Management Analyst Jobs in New York
Risk Management Analyst jobs in New York represent one of the most active markets in the country, concentrated in financial services, insurance, and banking across a seniority range from entry-level analysts through senior managers. Most hiring is centered in New York City, with additional demand in White Plains and Stamford, where firms like JPMorgan Chase, Citigroup, and MetLife maintain large risk functions. Credit risk, operational risk, and regulatory compliance are the specialties drawing the strongest demand. Find a role that fits below and apply directly.
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This role will reside within Firm Risk Management's Model Risk Management
team, which has global responsibility for the independent control, review, and validation of models used across the Firm. In addition to traditional quantitative methodologies, MRM also reviews models based on artificial intelligence and machine learning, including Generative AI solutions. This role is responsible for the validation of Rates, FX and Commodities derivatives pricing models and tools. This position requires strong risk management mindset, proven subject matter expertise in model development and validation, and excellent technical, leadership, and organizational skills.
MRM professionals are based in major financial centers worldwide, including New York, London, Budapest, Frankfurt, Mumbai, and Tokyo, and work closely with business units, capital and risk analytics teams, risk managers, and financial controllers. The New York team collaborates closely with colleagues across the global Model Risk Management organization on model related issues spanning all asset classes.
Primary Responsibilities
- Understand the use and effectiveness of models and tools within the context of relevant Firm businesses and processes.
- Evaluate whether model and tool documentation meet established firmwide standards and policy requirements, and whether model testing is sufficiently robust to assess model performance, limitations, and risks.
- Assess conceptual soundness and fitness for purpose of models and tools, ensuring that key assumptions and limitations are clearly identified, well understood, and appropriately controlled.
- Conduct independent quantitative testing and verify that ongoing model performance monitoring frameworks are adequate and consistently applied.
- Proactively identify, assess, and escalate thematic and idiosyncratic model and tool risk themes. Engage with 1LOD and 2LOD stakeholders to develop effective solutions to manage model and tool risks including evolving the model risk management practices such as performance monitoring and change management
- Communicate model and tool review conclusions to relevant stakeholders and work with relevant 1LOD and 2LOD functions to develop appropriate remedial actions to effectively resolve identified model and tool issues. Track progress against issue remediation actions and take appropriate review actions to resolve.
- Produce high quality model and tool review reports consistent with MRM standards and suitable for senior management and governance forums.
- Perform ad hoc and on demand analyses of model behavior, performance, and risk characteristics as required.
- Identify, quantify, and report on model risk issues including emerging and horizon risks in the context of business, Firm, market environment and changes. Provide timely notification, reporting, and escalation of model risk issues. Skills Required
- Masters degree or PhD in quantitative discipline or Finance, with a strong foundation in numerical methods, probability theory, stochastic calculus, and the practical application of quantitative models in finance.
- A genuine and broad interest in financial markets, combined with a strong internal drive to critically challenge, improve, and enhance models using a rigorous, quantitative, and practical mindset.
- Risk-oriented mindset including effective risk prioritization, critical and analytical questioning, and ability and willingness to speak up.
- Clear analytical and critical thinking, curious mindset, sound business judgment, resourcefulness and a proactive, collaborative approach to problem solving.
- Strong interpersonal and communication skills, with the ability to clearly articulate complex quantitative concepts to both technical and non-technical stakeholders, and ability to influence and effect change.
- Must be comfortable leading meetings and engaging with senior leaders in the Firm.
- Ability to be nimble, adaptive, and agile to work in a dynamic, fast-paced, high-pressure environment, managing multiple high-priority deliverables
- Experience managing and leading a global team
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $210,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit : https://www.morganstanley.com/people-opportunities/eeo .
This role will reside within Firm Risk Management's Model Risk Management
team, which has global responsibility for the independent control, review, and validation of models used across the Firm. In addition to traditional quantitative methodologies, MRM also reviews models based on artificial intelligence and machine learning, including Generative AI solutions. This role is responsible for the validation of Rates, FX and Commodities derivatives pricing models and tools. This position requires strong risk management mindset, proven subject matter expertise in model development and validation, and excellent technical, leadership, and organizational skills.
MRM professionals are based in major financial centers worldwide, including New York, London, Budapest, Frankfurt, Mumbai, and Tokyo, and work closely with business units, capital and risk analytics teams, risk managers, and financial controllers. The New York team collaborates closely with colleagues across the global Model Risk Management organization on model related issues spanning all asset classes.
Primary Responsibilities
- Understand the use and effectiveness of models and tools within the context of relevant Firm businesses and processes.
- Evaluate whether model and tool documentation meet established firmwide standards and policy requirements, and whether model testing is sufficiently robust to assess model performance, limitations, and risks.
- Assess conceptual soundness and fitness for purpose of models and tools, ensuring that key assumptions and limitations are clearly identified, well understood, and appropriately controlled.
- Conduct independent quantitative testing and verify that ongoing model performance monitoring frameworks are adequate and consistently applied.
- Proactively identify, assess, and escalate thematic and idiosyncratic model and tool risk themes. Engage with 1LOD and 2LOD stakeholders to develop effective solutions to manage model and tool risks including evolving the model risk management practices such as performance monitoring and change management
- Communicate model and tool review conclusions to relevant stakeholders and work with relevant 1LOD and 2LOD functions to develop appropriate remedial actions to effectively resolve identified model and tool issues. Track progress against issue remediation actions and take appropriate review actions to resolve.
- Produce high quality model and tool review reports consistent with MRM standards and suitable for senior management and governance forums.
- Perform ad hoc and on demand analyses of model behavior, performance, and risk characteristics as required.
- Identify, quantify, and report on model risk issues including emerging and horizon risks in the context of business, Firm, market environment and changes. Provide timely notification, reporting, and escalation of model risk issues. Skills Required
- Masters degree or PhD in quantitative discipline or Finance, with a strong foundation in numerical methods, probability theory, stochastic calculus, and the practical application of quantitative models in finance.
- A genuine and broad interest in financial markets, combined with a strong internal drive to critically challenge, improve, and enhance models using a rigorous, quantitative, and practical mindset.
- Risk-oriented mindset including effective risk prioritization, critical and analytical questioning, and ability and willingness to speak up.
- Clear analytical and critical thinking, curious mindset, sound business judgment, resourcefulness and a proactive, collaborative approach to problem solving.
- Strong interpersonal and communication skills, with the ability to clearly articulate complex quantitative concepts to both technical and non-technical stakeholders, and ability to influence and effect change.
- Must be comfortable leading meetings and engaging with senior leaders in the Firm.
- Ability to be nimble, adaptive, and agile to work in a dynamic, fast-paced, high-pressure environment, managing multiple high-priority deliverables
- Experience managing and leading a global team
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $210,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit : https://www.morganstanley.com/people-opportunities/eeo .
See All 92 Risk Management Analyst Jobs in New York
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Find Risk Management Analyst JobsRisk Management Analyst Jobs by City in New York
Where New York roles are concentrated, by current openings.
Risk Management Analyst Job Market in New York
A snapshot from current New York openings, updated as new roles post.
Who's Hiring
- JPMorganChase14
- Nomura5
- Morgan Stanley5
- Capital One4
- American Express4
Top Industries Hiring
- Banking & Financial Services
- Insurance
- Investment & Asset Management
What New York Employers Look For
The qualifications that appear most often in risk management analyst jobs across New York.
- Bachelor's degree in finance, economics, statistics, or a related quantitative field
- FRM or PRM certification preferred by most New York financial services employers
- Proficiency in risk modeling tools such as SAS, Python, R, or SQL
- Experience with regulatory frameworks including Basel III, DFAST, or CCAR
- Strong written and verbal communication skills for presenting risk findings to senior leadership
- Familiarity with enterprise risk management frameworks such as COSO or ISO 31000
Risk Management Analyst Jobs in New York: Frequently Asked Questions
How do you become a risk management analyst in New York?
Most risk management analysts in New York enter the field with a bachelor's degree in finance, economics, mathematics, or a related discipline, then build credentials through certifications like the FRM offered by the Global Association of Risk Professionals. New York has no state-issued license specific to risk management analysts, but employers in the financial services sector heavily favor the FRM or CFA designations. Graduate degrees in financial engineering or risk management from institutions like NYU or Columbia strengthen candidacy for senior roles.
How much do risk management analysts make in New York?
Risk management analysts in New York earn a median of about $136,830 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $84,550 for the lowest 10% to over $220,260 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire risk management analysts in New York?
Employers hiring risk management analysts in New York right now include JPMorganChase, Nomura, and Morgan Stanley, based on current listings on Migrate Mate as of October 2026. New York's dense concentration of global banks, insurance carriers, and asset managers means demand is consistent across firm sizes, from large institutions to regional banks and specialty insurers.
Which New York cities have the most risk management analyst jobs?
New York, Albany, and Buffalo have the most risk management analyst openings in New York. New York City dominates because it is the headquarters location for major global banks, insurance groups, and asset managers, while cities like White Plains attract demand from insurance and healthcare firms with large regional campuses.
Are there remote risk management analyst jobs in New York?
Yes, and more than many finance roles, since risk analysis work is largely data-driven and screen-based. About 63% of risk management analyst openings tied to New York are remote or hybrid as of October 2026, reflecting ongoing flexibility at larger institutions post-pandemic. Operational risk monitoring and model validation work tend to be the most remote-compatible sub-areas of the role.
How can I get hired as a risk management analyst in New York with little or no experience?
The most realistic entry path is applying to risk analyst rotational programs at large New York financial institutions, which recruit recent graduates from finance, economics, and statistics programs. JPMorgan Chase, Citigroup, and MetLife all run structured rotational or analyst development programs that place entry-level candidates in risk functions. Moving laterally from a credit analyst, compliance associate, or financial auditor role is another common route. Earning the FRM Part I or a data analytics certification strengthens an application significantly.
Where can I find and apply to risk management analyst jobs in New York?
You can find and apply to risk management analyst jobs in New York on Migrate Mate, which lists current New York openings updated regularly. Find roles that fit your experience and specialization and apply directly to each employer.
See All 92 Risk Management Analyst Jobs in New York
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