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Director Model Risk Governance Jobs in Chicago, IL

Quantitative Modeler Manager - AML

Chicago, IL

$56.50 - $73.25/hr

Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program. * Ongoing model monitoring in ...

Head of AI Delivery

Chicago, IL

$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 ...

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

S.-regulated, direct access electricity derivatives market, offering financial products to address ... Build the risk governance structure including policies, procedures, and escalation frameworks.

Support governance activities, including preparation of materials and documentation for risk ... Exposure to SOX, Model Risk Management (SR 11-7), AI Risk Management (NIST AI RMF), or IT GRC ...

... our direct client. The consultant will conduct structured AI readiness assessments across key ... Model Risk Governance. * Ability to engage confidently with senior leadership across Financial Risk ...

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

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 ...

Showing results 21-40

Director Model Risk Governance information

See Chicago, IL salary details

$55.6K

$147.5K

$267.8K

How much do director model risk governance jobs pay per year?

As of Aug 2, 2026, the average yearly pay for director model risk governance in Chicago, IL is $147,501.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,700.00 and $172,500.00 per year, depending on experience, location, and employer.

What is the difference between Director Model Risk Governance vs Model Risk Analyst?

AspectDirector Model Risk GovernanceModel Risk Analyst
CredentialsAdvanced degrees (e.g., Master’s, PhD), professional certifications (e.g., FRM, CFA)Bachelor’s or Master’s degree, relevant certifications
Work EnvironmentStrategic oversight, policy development, senior stakeholder engagementData analysis, model validation, risk assessment
Employer & Industry UsageFinancial institutions, banks, asset managersFinancial institutions, risk management teams
Search & Comparison IntentUnderstanding leadership roles in model risk governanceEntry 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 Chicago, IL? The most popular types of Model Risk Governance jobs in Chicago, IL are:
What are popular job titles related to Director Model Risk Governance jobs in Chicago, IL? For Director Model Risk Governance jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Governance jobs in Chicago, IL look for? The top searched job categories for Director Model Risk Governance jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Director Model Risk Governance jobs? Cities near Chicago, IL with the most Director Model Risk Governance job openings:

Director - Technology Risk Consulting - Artificial Intelligence and Emerging Technology

RSM

Chicago, IL

Full-time

Re-posted 8 days ago


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

Role Summary

The Director, AI & Emerging Technology Risk provides strategic leadership across client delivery, presales, and advisory services related to artificial intelligence and emerging technologies. This role blends AI expertise, enterprise risk management, technology risk leadership, solution architecture, and software development oversight to help clients innovate responsibly while managing risk. The Director plays a key role in shaping gotomarket strategy, supporting presales efforts, and serving as an executive advisor throughout the client lifecycle.

Artificial Intelligence & Emerging Technology Leadership

  • Advise executive stakeholders on AI and emerging-technology risk across governance, ethics, security, privacy, and operational resilience-grounded in how models are built, deployed, and monitored in production
  • Lead client decisioning on GenAI/ML adoption by translating business use cases into implementable architectures, control requirements, and delivery roadmaps (people/process/technology)
  • Track evolving model capabilities, platforms, and threat/regulatory trends to continuously refine solution patterns, controls, and sales positioning for risk-focused AI offerings

Enterprise Risk & Technology Risk Strategy

  • Design and operationalize AI/technology risk frameworks aligned to ERM-mapping controls to the AI/ML lifecycle (data, training, evaluation, deployment, monitoring, change management)
  • Assess enterprise-wide AI impacts across cybersecurity, privacy, model risk management (MRM), third-party risk, and compliance-producing actionable remediation plans and control implementation backlogs
  • Present AI risk posture, risk appetite alignment, and control maturity to Boards and executive committees using clear metrics (KRIs/KPIs), model inventories, and audit-ready documentation

Solutions Architecture & Software Oversight

  • Architect AI-enabled solutions for risk consulting clients (including GenAI/RAG patterns) with secure-by-design, scalable, and governable reference architectures
  • Evaluate SDLC and MLOps practices-cloud landing zones, APIs, data pipelines, CI/CD, model registries, and deployment strategies-to identify risk, control gaps, and engineering fixes
  • Embed "risk-by-design" into build plans: threat modeling, privacy engineering, evaluation/validation protocols, human-in-the-loop controls, monitoring/alerting, and incident response runbooks

Client Delivery & Practice Leadership

  • Lead AI risk and emerging-technology engagements from strategy to implementation-owning delivery plans, sprint execution, stakeholder management, and outcomes
  • Establish delivery governance (scope, RAID, quality gates, model validation checkpoints) and ensure solutions are production-ready, auditable, and defensible
  • Build and mentor cross-functional teams (risk, data science, engineering, security) and provide technical leadership across Managers and Senior Managers
  • Develop reusable accelerators (reference architectures, control libraries, evaluation harnesses, templates) and publish market-facing thought leadership to scale delivery and sales
  • Drive account expansion by identifying adjacent risk opportunities, quantifying value, and partnering with client leaders to turn delivery success into follow-on sales

GotoMarket Leadership

  • Own delivery sales for AI risk pursuits: qualify opportunities, shape deal strategy, and lead solutioning as the senior AI engineering/risk SME
  • Define and package AI risk solution offerings (e.g., GenAI governance, MRM uplift, secure RAG, AI SDLC/MLOps controls) with clear value propositions and deliverables
  • Lead proposal development-scoping, staffing model, delivery approach, assumptions, pricing inputs, and risk-managed implementation plan
  • Run client workshops and executive presentations that walk through architectures, control designs, and delivery plans-bridging engineering details to risk outcomes
  • Translate transformation goals into implementable AI risk solutions aligned to regulatory guidance, internal governance, and target-state technology architecture
  • Build trusted C-level relationships and maintain pipeline by connecting delivery success to measurable risk reduction, audit readiness, and operational resilience

Experience, Skills & Qualifications

  • Bachelor's or Master's degree in Computer Science, Engineering, Data Science, Risk, or related discipline (or equivalent practical experience)
  • 8-10+ years leading technology risk and/or AI engineering delivery in consulting or industry, including ownership of large client programs
  • Job relevant certification (ie, Azure, Aws, AI certifications, etc.)

Preferred Qualifications

  • Deep knowledge of modern AI/ML and GenAI (LLMs, RAG, evaluation, safety), and the ability to translate that into concrete risk controls and implementation patterns
  • Proven delivery sales experience: shaping pursuits, leading solutioning, contributing to pricing, and presenting to executive buyers
  • Strong understanding of cloud and data architecture, SDLC, and MLOps/LLMOps (CI/CD, IaC, observability, model registry, feature stores, policy-as-code)
  • Demonstrated ability to embed governance, security, privacy, and model risk management early in design/build, and to stand up audit-ready evidence and controls
  • Executive-level communicator who can translate between engineers, risk leaders, regulators/auditors, and business stakeholders; comfortable owning both delivery and commercial outcomes

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $126,500 - $254,700

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.