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Bank Risk Management Jobs in Indiana (NOW HIRING)

Fifth Third Bank

Personal Banker II - Hammond, IN

Hammond, IN · On-site

$18.50 - $22.50/hr

While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. ESSENTIAL DUTIES AND RESPONSIBILITIES:

Bank of Montreal

Retail Relationship Banker

Carmel, IN · On-site

$18.50 - $24.25/hr

Applies the risk management framework to the portfolio to protect the Bank's assets and maintain the quality of the lending portfolio in compliance with requirements for the lending process and ...

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Bank Risk Management information

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$49K

$106.2K

$161.8K

How much do bank risk management jobs pay per year?

As of Jul 10, 2026, the average yearly pay for bank risk management in Indiana is $106,153.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,600.00 and $122,800.00 per year, depending on experience, location, and employer.

How much does Goldman Sachs pay risk management?

Risk management professionals at Goldman Sachs typically earn a base salary ranging from $80,000 to over $150,000 annually, depending on experience and seniority. Bonuses and incentives can significantly increase total compensation, especially for those with specialized skills or certifications like FRM or CFA. Compensation varies by location, role, and performance metrics within the firm.

What are some common challenges faced in a Bank Risk Management role?

One of the primary challenges in Bank Risk Management is staying updated with constantly evolving regulatory requirements and ensuring the bank's practices remain compliant. Additionally, professionals in this field must analyze complex financial data to anticipate and mitigate potential risks, which requires accuracy and keen attention to detail. Collaboration with other departments, such as credit, compliance, and operations teams, is frequent and essential for gathering information and implementing risk strategies. Successfully navigating these challenges improves organizational resilience and protects the bank's financial stability.

What are the key skills and qualifications needed to thrive in the Bank Risk Management position, and why are they important?

To thrive in Bank Risk Management, you generally need strong analytical skills, knowledge of finance and banking regulations, and a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, critical thinking, and problem-solving abilities are important soft skills for interpreting data and presenting recommendations to stakeholders. These capabilities are essential for identifying, assessing, and mitigating risks that could impact the financial health and regulatory compliance of the bank.

What is a Bank Risk Management job?

A Bank Risk Management job involves identifying, assessing, and mitigating financial risks that could impact a bank's operations and stability. Professionals in this role analyze credit, market, operational, and regulatory risks to ensure the bank complies with industry standards and maintains financial security. They develop risk models, monitor exposure, and implement strategies to minimize potential losses. Strong analytical skills, regulatory knowledge, and financial expertise are essential for this role.

What is risk management in banking?

Risk management in banking involves identifying, assessing, and controlling financial risks such as credit, market, and operational risks to ensure the bank's stability and compliance. Bank risk managers use tools like risk models and regulatory frameworks to minimize potential losses and protect assets.

What do risk managers do in banks?

Risk managers in banks identify, assess, and monitor financial risks such as credit, market, and operational risks to ensure the bank's stability. They develop risk mitigation strategies, implement policies, and use tools like risk assessment software to manage potential threats effectively.

Is risk management in banking a good career?

Bank risk management is a vital role that involves identifying, analyzing, and mitigating financial risks within banking institutions. It requires strong analytical skills, knowledge of financial regulations, and often certifications like FRM or CFA. The field offers stable employment, competitive salaries, and opportunities for advancement, making it a solid career choice for those interested in finance and risk analysis.
What are the most commonly searched types of Bank Risk Management jobs in Indiana? The most popular types of Bank Risk Management jobs in Indiana are:
What are popular job titles related to Bank Risk Management jobs in Indiana? For Bank Risk Management jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Bank Risk Management jobs in Indiana look for? The top searched job categories for Bank Risk Management jobs in Indiana are:
Bank Risk Management jobs near you
Infographic showing various Bank Risk Management job openings in Indiana as of July 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Contract. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution, with an average salary of $106,153 per year, or $51 per hour.
Senior Model Risk Analyst

Senior Model Risk Analyst

Federal Home Loan Bank of Indianapolis

Indianapolis, IN • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 12 days ago

Job description

Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let's talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?
If you've said yes to these questions, then we might be a match!
Here is what we offer:
  • Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!
  • Fantastic, competitive pay and total rewards
  • Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
  • Tuition reimbursement assistance: To help you continue to develop personally and professionally.
  • Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
  • Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
  • Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
  • "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
Purpose:
The Senior Model Risk Analyst will play a key role in assessing the Bank's model risk through model validations, risk reviews, and ongoing analysis. As a member of Enterprise Risk Management (ERM), the Analyst will work under the Senior Manager, Model Risk or Director of Model Risk Management and Validation to validate financial models throughout the Bank in order to assess model reasonableness, weaknesses, and risks. The Analyst will interact with model owners and model users across the Bank to understand current model performance, development activities, and emerging risks.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
  • Participate in model validations for various types of financial models, including credit risk, interest rate derivative valuation, mortgage prepayment/default, and asset-liability management models. This will include performing quantitative analyses and tests, assessing model theory, backtesting, benchmarking, stress testing, scenario analysis, and assessing the effectiveness and sufficiency of model controls and documentation.
  • Generate validation reports or memos detailing the validation approach, analyses conducted, and the conclusion of the validation. Present findings and recommendations to model owners/users.
  • Review model changes, assess model change significance, and conduct limited-scope validations for model changes as necessary.
  • Participate in the development of benchmarking models and data analytical tools, including machine learning models for validation and model performance monitoring purposes.
  • Provide independent opinions on various modeling and model validation issues.
  • Assist in third-party model validation.
  • Participate in audit and regulatory exams and assist in the remediation of audit and regulatory exam findings.
  • Perform annual and ad-hoc model reviews and quarterly model performance reviews.
  • Assist in other model risk management activities, such as maintaining the Bank's model inventory, tracking outstanding model validation findings, and generating periodic model risk related reports to relevant committees and stakeholders.
  • Conduct research and analysis to maintain knowledge of modeling best practices, model validation techniques, and current financial market information.

Competencies:
Business
  • Project Management

General
  • Dependability
  • Productivity

People
  • Accountability and Drive for Results
  • Collaboration and Communication

Position Requirements:
  • Advanced degree with a concentration in Computational/Quantitative Finance, Statistics, Mathematics, Computer Science, Economics, or some other quantitative discipline. Ph.D. desirable.
  • At least one year of experience working in a related field, such as model risk management, predictive modeling, financial modeling, optimization, and data science, is required.
  • Understanding of financial market concepts and fixed-income instruments, including mortgages and MBS, interest rate derivatives, fixed-income analytics and risk metrics, prepayment forecasts, interest rate modeling, probability of default and credit loss modeling, and stress testing.
  • Understanding of stochastic processes, time series analysis, principal component analysis, optimization, logistic regression, and Monte Carlo simulation.
  • Proficiency with at least one of the programming languages, such as Python, R, Julia, or MATLAB, is required. Python is the preferred programming language.
  • Hands-on experience with machine learning/artificial intelligence models is highly desirable.
  • Hands-on experience with valuation tools/libraries, such as PolyPaths, QRM, Calypso, Yieldbook, FINCAD, and Numerix, is desirable.
  • Must have a high level of proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook). Experience with Power BI is highly desirable.
  • Strong written and oral communication skills required. Ability to write clear technical reports and memos. Must be able to communicate and maintain relationships with model owners/users and other stakeholders, and interact effectively with management.
  • Must be able to think critically and independently, highly self-motivated, and able to multitask and manage competing priorities.
  • Understanding of current regulatory guidance on model risk management, including FHFA's AB 2013-07 and AB 2022-03, OCC Bulletin 2011-12, or FRB SR 11-17, desirable.
  • Ability to model and uphold the Bank's Guiding Principles.
  • Ability to work full-time.

Hiring Range: $93,000 - $110,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.

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