Risk Management Director Jobs in New York
Risk Management Director jobs in New York are among the most active in the country, concentrated in financial services, insurance, healthcare, and real estate across one of the world's most complex regulatory environments. Most hiring is concentrated in New York City, with additional demand in Buffalo and Albany, where firms like JPMorgan Chase, Marsh McLennan, and New York-Presbyterian have long-established risk functions. The most in-demand specializations are enterprise risk management, operational risk, and regulatory compliance oversight. 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 Director Jobs in New York
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Find Risk Management Director JobsRisk Management Director Jobs by City in New York
Where New York roles are concentrated, by current openings.
Risk Management Director 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 director jobs across New York.
- Bachelor's degree in finance, accounting, or a related field required by most New York employers
- Seven or more years of progressive risk management experience in financial services or insurance
- Professional certification such as FRM, CRM, or PRM strongly preferred by New York hiring managers
- Deep familiarity with New York Department of Financial Services regulations and reporting requirements
- Demonstrated leadership of risk teams and cross-functional committees at the director level
- Advanced proficiency in risk modeling tools, GRC platforms, and enterprise risk frameworks
Risk Management Director Jobs in New York: Frequently Asked Questions
How do you become a risk management director in New York?
Most risk management directors in New York follow a path that starts with a bachelor's degree in finance, accounting, economics, or a related discipline, followed by several years in analyst or manager-level risk roles. New York does not require a state-issued license for the role itself, but employers in financial services and insurance strongly favor credentials like the Financial Risk Manager or Chartered Risk Analyst. Familiarity with New York Department of Financial Services requirements is a significant advantage in regulated industries.
How much do risk management directors make in New York?
Risk management directors 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 directors in New York?
Employers hiring risk management directors 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 concentration of global banks, insurance carriers, and large hospital systems means demand is consistent year-round across multiple industries.
Which New York cities have the most risk management director jobs?
New York, Albany, and Buffalo have the most risk management director openings in New York. New York City dominates because it is home to the headquarters of major financial institutions, global insurance brokers, and large hospital networks, while Buffalo and Albany draw demand from regional banks, state agencies, and healthcare systems that maintain dedicated enterprise risk functions.
Are there remote risk management director jobs in New York?
Yes, and more than many senior roles, since risk management directors spend much of their time on analysis, reporting, and committee oversight rather than on-site operations. About 63% of risk management director openings tied to New York are remote or hybrid as of October 2026, reflecting employer flexibility at the director level. Regulatory review and board-level presentations tend to remain in person.
How can I get hired as a risk management director in New York with little or no experience?
The most realistic entry path is through an analyst or associate risk role at a New York financial institution or insurer, then progressing through manager-level positions before stepping into director responsibilities. Large New York employers like major commercial banks and regional insurance carriers regularly hire risk analysts through rotational programs and promote from within. Earning a credential like the Financial Risk Manager early in your career, and gaining exposure to New York Department of Financial Services compliance work, signals readiness for director-level consideration.
Where can I find and apply to risk management director jobs in New York?
You can find and apply to risk management director jobs in New York on Migrate Mate, which lists current openings across New York City, Buffalo, Albany, and surrounding areas. Find roles that fit your experience and apply directly to the employers posting them.
See All 92 Risk Management Director Jobs in New York
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