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Contract Model Risk Governance Jobs in Itasca, IL

Head of AI Delivery

Chicago, IL · On-site

$218K/yr

Strong knowledge of Responsible AI, model risk, governance, privacy, security, and regulatory expectations in financial services * Ability to operate across complex, matrixed organizations and ...

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership. * Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back ...

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership. * Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back ...

Define and enforce model governance standards (documentation, approvals, controls) * Ensure ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

Head of AI Delivery

Chicago, IL · On-site

$218K/yr

Strong knowledge of Responsible AI, model risk, governance, privacy, security, and regulatory expectations in financial services * Ability to operate across complex, matrixed organizations and ...

Head of AI Delivery

Chicago, IL · On-site

$218K/yr

Strong knowledge of Responsible AI, model risk, governance, privacy, security, and regulatory expectations in financial services * Ability to operate across complex, matrixed organizations and ...

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Define and enforce model governance standards (documentation, approvals, controls) * Ensure ... Provide risk dashboards and reporting to leadership AI Risk & Audit Partnership * Act as primary ...

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Define and enforce model governance standards (documentation, approvals, controls) * Ensure ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

... Risk Management in modeling and validation in the financial services industry including both analytic/modeling/quantitative experience and governance or other credit/financial discipline.

AI Governance Manager

Chicago, IL · On-site

$99K - $297K/yr

... risk frameworks such as NIST and ISO - Supporting the design and assessment of AI governance models, policies, standards, and control programs, while translating technical concepts for non-technical ...

... governance of AML Transaction Monitoring models. The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model ...

New

AI Governance Sr Associate

Chicago, IL · On-site

$72K - $212K/yr

... risk frameworks such as NIST and ISO - Supporting the design and assessment of AI governance models, policies, standards, and control programs, while translating technical concepts for non-technical ...

Showing results 21-40

Contract Model Risk Governance information

See Itasca, IL salary details

$9

$44

$138

How much do contract model risk governance jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for contract model risk governance in Itasca, IL is $44.51, according to ZipRecruiter salary data. Most workers in this role earn between $14.52 and $70.19 per hour, depending on experience, location, and employer.

What are some common challenges faced by professionals in contract model risk governance roles, and how can they be addressed?

Professionals in Contract Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring thorough model documentation, and effectively communicating risk findings to both technical and non-technical stakeholders. Balancing the need for detailed model validation with tight project timelines can also be demanding. To address these challenges, it's important to foster strong cross-functional collaboration, stay updated on industry best practices, and develop clear communication strategies for reporting risk and compliance issues.

What is the difference between Contract Model Risk Governance vs Contract Model Validation?

AspectContract Model Risk GovernanceContract Model Validation
Primary FocusOverseeing and managing risks associated with contract models, ensuring compliance and risk mitigationAssessing and testing contract models to ensure accuracy and reliability
ResponsibilitiesEstablishing policies, monitoring risk exposure, and implementing controlsPerforming independent reviews, testing model assumptions, and validating outputs
Work EnvironmentRisk management teams, compliance departments, regulatory interactionsQuantitative teams, model validation units, audit functions

While Contract Model Risk Governance focuses on managing and overseeing risks related to contract models, Contract Model Validation involves the technical assessment and testing of those models to ensure their accuracy and reliability. Both roles are essential in a comprehensive risk management framework within financial institutions and industries relying on contract models.

What are the key skills and qualifications needed to thrive in contract model risk governance?

To excel in Contract Model Risk Governance, you need a strong background in risk management, quantitative analysis, and familiarity with regulatory requirements, often supported by a degree in finance, mathematics, or a related field. Proficiency with risk management software, model validation tools, and knowledge of frameworks such as SR 11-7 is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for evaluating model risk and collaborating with stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and support sound decision-making within financial institutions.

What is contract model risk governance?

Contract Model Risk Governance refers to the framework and processes used by organizations to identify, assess, monitor, and mitigate risks associated with the use of models in contracts or contractual obligations. This role ensures that the use of quantitative models in financial and business contracts complies with regulatory standards and internal policies, reducing the likelihood of errors, misinterpretations, or financial losses. Professionals in this field often oversee model validation, implementation, and documentation, and work closely with compliance, risk, and legal teams. Effective governance helps maintain model integrity and supports sound decision-making across the organization.
What job categories do people searching Contract Model Risk Governance jobs in Itasca, IL look for? The top searched job categories for Contract Model Risk Governance jobs in Itasca, IL are:
What cities near Itasca, IL are hiring for Contract Model Risk Governance jobs? Cities near Itasca, IL with the most Contract Model Risk Governance job openings:
Infographic showing various Contract Model Risk Governance job openings in Itasca, IL as of August 2026, with employment types broken down into 2% As Needed, 79% Full Time, 16% Part Time, 1% Temporary, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $92,581 per year, or $44.5 per hour.

Head of AI Delivery

U.S. Bancorp

Chicago, IL • On-site

$218K/yr

Other

This job post has expired today. Applications are no longer accepted.


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 170 rated banks


Job description

Head Of Ai Solutions

This role operates across innovation, execution, governance, and transformation to ensure AI solutions align with Responsible AI principles, regulatory expectations, enterprise architecture, and business priorities. The leader will build strong partnerships across the enterprise, industrialize delivery models, and help position U.S. Bank as an AI-enabled financial institution delivering secure, scalable, and differentiated customer and employee experiences.

Summary The Head of AI Solutions leads enterprise AI solution delivery, translating strategy and product roadmaps into measurable business value. This leader scales trusted, compliant, enterprise-grade AI capabilities from experimentation to production; coordinates delivery across the AI CoE, technology, risk, and business partners; promotes reuse; and accelerates execution against enterprise AI priorities.

Key Responsibilities

  • Lead the design, development, and deployment of high-impact AI solutions across business lines
  • Drive rapid experimentation, prototyping, and pilot execution, converting innovations into enterprise-scale deployments
  • Move ideas from experimentation and prototyping into production-ready, commercially viable, enterprise-scale capabilities
  • Oversee priority solution domains, including agentic AI, document intelligence, advanced models, and generative AI applications

Enterprise Value Delivery

  • Own delivery of measurable outcomes, including revenue growth, cost optimization, efficiency gains, risk reduction, and customer or employee experience improvements
  • Lead multi-disciplinary teams across ideation, validation, deployment, scaling, and optimization.
  • Partner with technology and product organizations to industrialize AI delivery and establish reusable patterns, platforms, and capabilities
  • Maintain strong regulatory, risk, ethical, and Responsible AI practices, proactively addressing bias, model risk, privacy, security, and unintended consequences.
  • Provide leadership across the full AI lifecycle including in Ideation and early-stage R&D, Experimentation and validation, Production deployment, Enterprise scaling and optimization

Thought Leadership

  • Serve as a senior advisor and integrator across decentralized AI initiatives, ensuring alignment to enterprise strategy and investment priorities
  • Collaborate with business lines, product, technology, risk, legal, compliance, and data teams to embed governance and controls into delivery
  • Advance research, patents, intellectual property, external partnerships, academic relationships, and industry presence where they strengthen enterprise priorities

Enterprise Adoption & Enablement

  • Drive enterprise adoption through leadership education, community engagement, "art of the possible" sessions, and use-case discovery
  • Build, empower, and harmonize multidisciplinary teams across data science, engineering, product, risk, legal, compliance, and business functions
  • Create a culture of innovation, experimentation, accountability, reuse, and continuous learning

Basic Qualifications

  • Executive-level leadership experience in AI, advanced analytics, emerging technology, or enterprise-scale digital transformation
  • Proven track record delivering enterprise technology solutions with measurable business impact
  • Deep understanding of the AI/ML lifecycle, data ecosystems, model development, and production deployment models
  • Strong knowledge of Responsible AI, model risk, governance, privacy, security, and regulatory expectations in financial services
  • Ability to operate across complex, matrixed organizations and influence senior executives, business leaders, risk partners, and technology teams
  • Advanced degree or equivalent experience in computer science, AI/ML, engineering, analytics, business, or a related field

Preferred Skills and Experiences

  • Experience leading applied AI teams in financial services or another highly regulated industry.
  • Demonstrated success building and scaling centralized AI delivery functions, such as an AI CoE or equivalent capability
  • Hands-on AI/ML experience, including familiarity with modern model architectures, generative AI, and agentic AI patterns
  • Established industry thought leadership, research, patent, academic, or ecosystem partnership experience
  • Experience managing large, cross-functional teams across business, technology, and risk disciplines

Location

  • The role requires working onsite at a U.S. Bank office location three (3) or more days per week

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.


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About U.S. Bank

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U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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