Model Risk Manager (Fintech) Salary

National Compensation Range

Model Risk Manager (Fintech) Salary by City

Median (P50) adjusted for metro cost of labor.

Market Trends

Model risk roles are expanding in fintech as ML-driven underwriting, pricing, and fraud models attract regulatory attention. The overlap with data science and quant research drives up compensation and signing bonuses.

Also Known As

Model Risk Manager, Model Validation Manager (Fintech), Model Governance Manager, Quantitative Model Risk Manager, Model Risk & Validation Lead

What Does a Model Risk Manager (Fintech) Do?

The Model Risk Manager (Fintech) operates within fintech companies, financial services firms, and corporate finance functions, building financial products, managing compliance, or driving operational growth. Professionals in this role typically bring 5 to 9 years of relevant experience. Classified at the Manager level, this position draws from a very tight candidate market with an estimated pool of 25-60 qualified professionals, making targeted sourcing and competitive compensation critical for successful placements.

What Drives Model Risk Manager (Fintech) Compensation?

The median (P50) compensation for a Model Risk Manager (Fintech) is $175,000, with the 25th to 75th percentile range spanning $150,000 to $200,000. Pay variation across this range is primarily driven by company stage and funding (startup vs. growth vs. public), regulatory complexity, geographic market, technical specialization (payments, lending, crypto, regtech), and equity compensation structure. Demand for this role is trending upward with 0.1% year-over-year growth, which is putting upward pressure on compensation at all levels.

Model Risk Manager (Fintech) Career Path

Professionals who move into Model Risk Manager (Fintech) roles most commonly come from traditional banking, management consulting, software engineering, regulatory bodies, or corporate finance at public companies. From this position, the typical trajectory leads toward C-suite positions at fintech firms, VP-level roles at larger financial institutions, or founding their own financial technology venture. The average tenure in this role is approximately 3.1 years, with an annual turnover rate of 23%.

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