Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...
Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments. * Partner with business lines to ensure consistent application of model risk standards and ...
Develops and monitors the model risk management and governance framework and practices leveraged across BMO. Develops and implements policies and standards, methodologies, and controls that increase ...
Develops and monitors the model risk management and governance framework and practices leveraged across BMO. Develops and implements policies and standards, methodologies, and controls that increase ...
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
The Model Risk Governance - Reporting and Automation team sits within the Model Risk Office and serves for providing risk reporting to enterprise and process optimization for the department.
Model Risk Analyst
Chicago, IL · On-site
What you'll do The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both ...
Model Risk Analyst
Chicago, IL · On-site
What you'll do The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both ...
Model Risk Analyst
Chicago, IL · Hybrid
What you'll do The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both ...
Model Risk Analyst
Chicago, IL · Hybrid
What you'll do The Model Risk Analyst (Analyst) within the Model Risk Management Group (MRM) is responsible for various tasks supporting model validation and risk governance. The tasks are both ...
Review documentation of model governance; Review testing results in the model methodology document ... In collaboration with VP, Model Risk Management, determine whether response and remediation plan ...
Review documentation of model governance; Review testing results in the model methodology document ... In collaboration with VP, Model Risk Management, determine whether response and remediation plan ...
Position Overview The Officer, Model Risk Management will conduct various activities related to ... Review documentation of model governance; Review testing results in the model methodology document.
Position Overview The Officer, Model Risk Management will conduct various activities related to ... Review documentation of model governance; Review testing results in the model methodology document.
Director, Enterprise Risk Management
$175K - $200K/yr
About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois ... Margin Framework: Assist in development, governance, and validation of margin and risk models used ...
Director, Enterprise Risk Management
$175K - $200K/yr
About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois ... Margin Framework: Assist in development, governance, and validation of margin and risk models used ...
Establish and operationalize a shared AI governance model across multiple member insurance carriers * Ensure consistent application of: * AI policies, standards, and controls * Risk classification ...
Establish and operationalize a shared AI governance model across multiple member insurance carriers * Ensure consistent application of: * AI policies, standards, and controls * Risk classification ...
Director, Enterprise Risk Management
Chicago, IL · On-site
$175K - $200K/yr
About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois ... Margin Framework: Assist in development, governance, and validation of margin and risk models used ...
Director, Enterprise Risk Management
Chicago, IL · On-site
$175K - $200K/yr
About the role Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois ... Margin Framework: Assist in development, governance, and validation of margin and risk models used ...
Director - Risk Governance and Risk Reporting
$137K - $240K/yr
Major Duties : 1. Manages the Technology Risk Governance and Risk Reporting team. Establishes performance standards for the unit. Conducts the performance management process, identifies training and ...
Director - Risk Governance and Risk Reporting
$137K - $240K/yr
Major Duties : 1. Manages the Technology Risk Governance and Risk Reporting team. Establishes performance standards for the unit. Conducts the performance management process, identifies training and ...
AI Model Risk Validation Specialist
Chicago, IL · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including ... Support the AIS / Security Governance Team by contributing technical risk perspectives during AI ...
AI Model Risk Validation Specialist
Chicago, IL · Hybrid
$100K - $135K/yr
Model Validation (Core Responsibility) * Perform independent validation of AI/ML models, including ... Support the AIS / Security Governance Team by contributing technical risk perspectives during AI ...
Risk Management Officer
Rosemont, IL · On-site
Review documentation of model governance; Review testing results in the model methodology document ... Manage and update model risk policies, standards, and procedures continually to ensure compliance ...
Risk Management Officer
Rosemont, IL · On-site
Review documentation of model governance; Review testing results in the model methodology document ... Manage and update model risk policies, standards, and procedures continually to ensure compliance ...
Risk Management Officer
Rosemont, IL · Hybrid
Review documentation of model governance; Review testing results in the model methodology document ... Manage and update model risk policies, standards, and procedures continually to ensure compliance ...
Risk Management Officer
Rosemont, IL · Hybrid
Review documentation of model governance; Review testing results in the model methodology document ... Manage and update model risk policies, standards, and procedures continually to ensure compliance ...
Director Market Risk & Earnings Analysis
Chicago, IL · On-site
$217K - $382K/yr
Our collaborative, in-office operating model brings teams together to foster innovation, connection ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
New
Director Market Risk & Earnings Analysis
Chicago, IL · On-site
$217K - $382K/yr
Our collaborative, in-office operating model brings teams together to foster innovation, connection ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
New
Collaborative, in-office operating model * Retirement program (401k and Pension) * Medical, dental ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
Collaborative, in-office operating model * Retirement program (401k and Pension) * Medical, dental ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
Collaborative, in-office operating model * Retirement program (401k and Pension) * Medical, dental ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
Collaborative, in-office operating model * Retirement program (401k and Pension) * Medical, dental ... governance, identification, assessment, management, and mitigation. The market and income at risk ...
Capital One's Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the ...
Capital One's Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the ...
Role Summary The Director, AI & Emerging Technology Risk provides strategic leadership across ... Establish delivery governance (scope, RAID, quality gates, model validation checkpoints) and ensure ...
Role Summary The Director, AI & Emerging Technology Risk provides strategic leadership across ... Establish delivery governance (scope, RAID, quality gates, model validation checkpoints) and ensure ...
Director Model Risk Governance information
What is the difference between Director Model Risk Governance vs Model Risk Analyst?
| Aspect | Director Model Risk Governance | Model Risk Analyst |
|---|---|---|
| Credentials | Advanced degrees (e.g., Master’s, PhD), professional certifications (e.g., FRM, CFA) | Bachelor’s or Master’s degree, relevant certifications |
| Work Environment | Strategic oversight, policy development, senior stakeholder engagement | Data analysis, model validation, risk assessment |
| Employer & Industry Usage | Financial institutions, banks, asset managers | Financial institutions, risk management teams |
| Search & Comparison Intent | Understanding leadership roles in model risk governance | Entry to mid-level model risk roles, analysis tasks |
The main difference is that the Director Model Risk Governance focuses on strategic oversight, policy setting, and managing model risk at a senior level, while the Model Risk Analyst handles technical validation, data analysis, and risk assessment tasks. The director role involves leadership and decision-making, whereas the analyst role is more technical and operational.
What are the key skills and qualifications needed to thrive as a Director of Model Risk Governance, and why are they important?
To thrive as a Director of Model Risk Governance, you need deep expertise in quantitative finance, risk management, and model validation, often backed by an advanced degree in a quantitative field and relevant industry experience. Familiarity with risk management frameworks, regulatory standards (e.g., SR 11-7), and proficiency in analytical tools like Python, R, or SAS are typically required. Exceptional leadership, communication, and critical thinking skills help you effectively oversee teams and coordinate with stakeholders across the organization. These competencies are vital to ensure robust model governance, regulatory compliance, and informed risk-based decision-making at the enterprise level.
What are Director Model Risk Governance roles?
Director Model Risk Governance roles are senior positions responsible for overseeing and managing the risks associated with financial and predictive models within an organization. These professionals establish and implement model risk management frameworks, ensure compliance with regulatory requirements, and oversee model validation processes. They collaborate with model developers, validators, and business units to identify, assess, and mitigate model risks, as well as report on governance effectiveness to senior management. Their work is crucial in maintaining the reliability and integrity of models used for decision-making and regulatory reporting.
What are some common challenges faced by a Director of Model Risk Governance, and how can they be addressed?
A Director of Model Risk Governance often encounters challenges such as ensuring consistent model validation across diverse business units, keeping up with evolving regulatory requirements, and fostering effective communication between model owners, validators, and senior management. Addressing these challenges typically involves establishing robust model risk frameworks, maintaining clear documentation, and promoting a culture of transparency and collaboration. Regular training sessions and open forums can help bridge knowledge gaps, while leveraging technology can streamline model inventory and validation processes.
What are the most commonly searched types of Model Risk Governance jobs in Illinois? The most popular types of Model Risk Governance jobs in Illinois are:
What are popular job titles related to Director Model Risk Governance jobs in Illinois? For Director Model Risk Governance jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Governance jobs in Illinois look for? The top searched job categories for Director Model Risk Governance jobs in Illinois are:
What cities in Illinois are hiring for Director Model Risk Governance jobs? Cities in Illinois with the most Director Model Risk Governance job openings:
Full-time
Retirement, PTO
Posted 8 days ago
Job description
At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.
Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.
Role SummaryThe Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide independent challenge, and enhance model risk governance. The position offers the opportunity to influence enterprise-wide risk management strategies and work closely with senior leadership, regulators, and business partners.
Key Accountabilities
Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework.
Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments.
Partner with business lines to ensure consistent application of model risk standards and regulatory expectations.
Analyze model risk trends, identify emerging risks, and provide independent challenge and risk-based recommendations.
Develop policies, procedures, and reporting that support strong model risk management practices.
Serve as the primary liaison with regulators, independent reviewers, and testing teams for model risk-related activities.
Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects.
Provide training, guidance, and development opportunities that strengthen risk awareness and program effectiveness.
Education & Experience
Required
Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business Administration, Audit, Compliance, or a related field, or an equivalent combination of education and experience.
8+ years of experience in the financial services industry with senior-level responsibilities related to Model Risk Management or Operational Risk Management.
Advanced knowledge of risk management frameworks, controls, and regulatory requirements.
Experience developing, implementing, and overseeing enterprise risk management programs.
Strong analytical, communication, and stakeholder management skills.
Preferred
Experience leading cross-functional projects and strategic initiatives.
Experience interacting with and influencing senior leaders and executive stakeholders.
Professional certifications related to Risk Management, Model Risk Management, Audit, or Compliance.
Experience supporting regulatory examinations, audits, or independent reviews.
Why You'll Love Working Here
At Associated Bank, you'll have the opportunity to work alongside talented professionals who are committed to collaboration, innovation, and continuous learning. We invest in your professional growth through development opportunities, leadership exposure, and meaningful work that influences the future of the organization. If you're ready to help shape a strong risk culture and drive enterprise-wide impact, apply today to make an impact.
We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.
In addition to core traditional benefits, we take pride in offering benefits for every stage of life.
Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversity-focusedColleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.
Personal banking, loan, investmentand insurance benefits.
Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.
Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.
Associated Bank isPay Transparencycompliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.
For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.
$141,890.00 - $243,240.00 per year