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Director Model Risk Management Jobs in Hammond, IN

US Bank

Quantitative Modeler Manager - AML

Chicago, IL

$56.50 - $73.25/hr

Professional communication skills are crucial as this individual (and their work product) will represent the FIU team to EFCC senior leadership, Model Risk Management, internal audit and quality ...

Northern Trust

AI Risk & Controls Lead

Chicago, IL

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

Northern Trust

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership AI Risk & Audit Partnership * Act as primary ...

Northern Trust

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

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Showing results 21-40

All JobsModel Risk Management JobsDirector Model Risk Management JobsDirector Model Risk Management Jobs in Hammond, IN

Director Model Risk Management information

See Hammond, IN salary details

$52K

$137.9K

$250.3K

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

As of Aug 1, 2026, the average yearly pay for director model risk management in Hammond, IN is $137,853.00, according to ZipRecruiter salary data. Most workers in this role earn between $101,600.00 and $161,300.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Director of Model Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications, and strong leadership skills, and they typically oversee enterprise-wide risk strategies and compliance efforts.

What does a director of risk management do?

A director of risk management oversees an organization's strategies to identify, assess, and mitigate financial, operational, and compliance risks. They develop policies, lead risk assessment teams, and ensure risk management practices align with regulatory requirements, often using tools like risk management software. Strong leadership, analytical skills, and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $120,000 to $200,000 annually, depending on the industry, location, and experience. They often oversee risk assessment teams, develop risk mitigation strategies, and may hold certifications such as FRM or CRM. Compensation can also include bonuses and benefits aligned with organizational size and complexity.

What is the difference between Director Model Risk Management vs Model Validation Manager?

AspectDirector Model Risk ManagementModel Validation Manager
CredentialsAdvanced degrees (e.g., Master’s, PhD), certifications like FRM or CFASimilar credentials, often with FRM or CFA
Work EnvironmentStrategic oversight, cross-department collaboration, senior leadershipTechnical validation, model testing, detailed analysis
Industry UsageUsed in banking, finance, risk management departmentsCommon in model development and validation teams
Search/Comparison IntentUnderstanding leadership roles in risk managementFocus on technical validation and model testing

The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking industries that involves identifying, assessing, and mitigating risks associated with mathematical and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.
What cities near Hammond, IN are hiring for Director Model Risk Management jobs? Cities near Hammond, IN with the most Director Model Risk Management job openings:
Director Model Risk Management jobs near you

AI Operational Risk Management Sr. Lead

Sidley

Chicago, IL • Hybrid

$170K - $200K/yr

Full-time

Re-posted 2 days ago

Job description

The AI Risk Management Senior Lead is a senior, cross-functional role responsible for owning the firm's AI governance framework, leading the AI Risk Center of Excellence (COE), and ensuring that all AI platforms, tools, and agents in use across the firm are adopted and managed in a safe, ethical, and policy-compliant manner. The ideal candidate brings deep risk management expertise, working knowledge of AI and model governance, and the ability to partner effectively with Legal, Compliance, IT Security, and business stakeholders. Experience in the legal industry is strongly preferred.

Duties and Responsibilities:

  • Own and maintain the tool specific AI governance framework, acceptable use policy (AUP).

  • Serve as coordinator of the AI Risk Center of Excellence (COE), convening Legal, Compliance, IT Security, Data & AI, and business representatives.

  • Lead the distributed AI tool governance pipeline, overseeing the appropriate use of locally developed AI prototypes through intake/prioritization process for full application development

  • Support the assessment new AI capabilities and platform updates released by vendors and determine whether governance controls require adjustment prior to enabling.

  • Review Outside Counsel Guidelines questionnaires and contracts for adherence to our AI policy and expectations.

  • Design and oversee the firm-wide AI training curriculum, including AI literacy assessments, acceptable use acknowledgments, and role-specific guidance for lawyers, partners, and office staff.

  • Collaborate with IT Security to ensure that SSO provisioning, endpoint controls, Netskope DLP policies, and network-layer governance for AI platforms remain current and effective.

  • Maintain the department's AI & data risk register; track, escalate, and resolve AI-related risks across all active tools, agents, and Claude instances.

  • Communicate AI policy changes, risk updates, and governance decisions to department heads, practice group leaders, and firm leadership on a regular cadence.

  • Develop creative solutions and improvements to governance processes, policies, and controls to enhance the safety, fairness, and effectiveness of AI use across the firm.

Education and/or Experience:

Required:

  • Bachelor's degree in a related field

  • Minimum of 5 years of risk management, compliance, or governance experience

  • Demonstrated experience with AI governance or model risk management

  • Familiarity with AI platforms including large language models and enterprise AI deployment

  • Experience developing or administering policies, acceptable use frameworks, or risk assessment processes

Preferred:

  • Master's Degree in a related field

  • Juris Doctor degree

  • Risk management or AI governance certification

  • Experience in the legal industry or at a professional services firm

  • Experience working with legal stakeholders or in legal technology

Other Skills and Abilities:

The following will also be required of the successful candidate:

  • Strong organizational skills

  • Strong attention to detail

  • Good judgment

  • Strong interpersonal communication skills

  • Strong analytical and problem-solving skills

  • Able to work harmoniously and effectively with others

  • Able to preserve confidentiality and exercise discretion

  • Able to work under pressure

  • Able to manage multiple projects with competing deadlines and priorities

#LI-OE1

#LI-Hybrid

Applicants must be authorized to work in the United States without the need for employer sponsorship, now or in the future

The target salary range for this role is:

$170,000 - $200,000 if located in Illinois.

Salaries vary by location and are based on numerous factors, including, but not limited to, the relevant market, skills, experience, and education of the selected candidate. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Sidley.com/Benefits.

To perform this job successfully, an individual must be able to perform the Duties and Responsibilities above satisfactorily and meet the requirements. The requirements listed above are representative of the minimum knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation, please email sidleytalentacquisition@sidley.com (current employees should contact Human Resources).

Sidley Austin LLP is an Equal Opportunity Employer.

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