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Internship Model Risk Governance Jobs in Chicago, IL

Bmo

Managing Director, Risk Governance

Chicago, IL · On-site

Governance Model. * Translates evolving regulatory expectations and enterprise strategy into RMF design and application. * Aligns RMF to enterprise and CUSO strategy, risk appetite, and growth ...

Crowe LLP

Model Risk Manager

Chicago, IL · On-site

$150 - $200/hr

Knowledge of risk ratings, risk rating /scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus. * Experience with statistical ...

Google

Risk Governance Analyst

Chicago, IL · On-site

Experience with Python or R for statistical analysis and model development. * Experience working within an enterprise risk management (ERM) or Governance, Risk, and Compliance (GRC) framework.

Alliant Credit Union

Lead Model Validation

Chicago, IL · Hybrid

$95K - $163K/yr

Support model risk governance activities, new model onboarding, including inventory maintenance, periodic inventory recertification, and inventory reporting to applicable committees per MRM Standard.

Alliant

Lead Model Validation

Chicago, IL · On-site

$95K - $163K/yr

Support model risk governance activities, new model onboarding, including inventory maintenance, periodic inventory recertification, and inventory reporting to applicable committees per MRM Standard.

Wintrust

VP Model Risk Management

Rosemont, IL · On-site

$135K - $165K/yr

Facilitate regulatory examinations and internal audits of the modeling process and lead the model governance sessions to ensure compliance and foster continuous improvement in model risk management ...

Wintrust

VP Model Risk Management

Rosemont, IL · On-site

$135K - $165K/yr

Facilitate regulatory examinations and internal audits of the modeling process and lead the model governance sessions to ensure compliance and foster continuous improvement in model risk management ...

US Bank

Quantitative Modeler Manager - AML

Chicago, IL · On-site

$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 ...

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All JobsModel Risk Governance JobsInternship Model Risk Governance JobsInternship Model Risk Governance Jobs in Chicago, IL

Internship Model Risk Governance information

See Chicago, IL salary details

$26.3K

$43.9K

$90.7K

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

As of Sep 8, 2026, the average yearly pay for internship model risk governance in Chicago, IL is $43,867.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,500.00 and $47,400.00 per year, depending on experience, location, and employer.

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

AspectInternship Model Risk GovernanceModel Risk Analyst
CredentialsTypically pursuing or recent graduate, some familiarity with risk managementOften requires relevant certifications or experience in risk analysis
Work EnvironmentInternship setting, supervised, learning-focusedFull-time, analytical, risk assessment-focused
Employer & IndustryFinancial institutions, banks, asset managersFinancial services, banking, investment firms

Internship Model Risk Governance roles are entry-level, focusing on supporting risk governance processes under supervision, ideal for students or recent graduates. Model Risk Analysts are more experienced, responsible for analyzing and managing model risks independently. Both roles are vital in financial risk management but differ in experience level and responsibilities.

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 Internship Model Risk Governance jobs in Chicago, IL?

For Internship Model Risk Governance jobs in Chicago, IL, the most frequently searched job titles are:

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The top searched job categories for Internship Model Risk Governance jobs in Chicago, IL are:

Internship Model Risk Governance jobs near you

Senior Manager, Risk Governance

BMO Capital Markets

Chicago, IL • On-site

$102K - $190K/yr

Full-time

Medical, Life, Retirement

Posted 11 days ago

Job description

Application Deadline:

09/14/2026

Address:

338 S. Canal St

Job Family Group:

Audit, Risk & Compliance

This role is part of the Risk Governance Office (RGO) within Enterprise Risk Management (ERM), which is part of Enterprise Risk & Portfolio Management (ERPM), BMO's second line of defense. The Risk Governance Office is responsible for developing, maintaining, and overseeing the frameworks, standards, methodologies, and practices that support effective risk governance, clear accountability, and consistent execution of the Risk Management Framework (RMF) across the enterprise and Combined U.S. Operations (CUSO).

The Senior Manager, Risk Governance leads the design, implementation, oversight, and continuous enhancement of risk governance frameworks, standards, and practices that support effective oversight, transparency, accountability, and regulatory compliance. The role provides thought leadership, governance expertise, independent challenge, and strategic advisory support to help ensure governance requirements remain effective and are implemented consistently across the organization.

Key Accountabilities:

  • Leads the design, development, implementation, and ongoing enhancement of risk governance frameworks, standards, methodologies, and supporting guidance.

  • Establishes and maintains governance practices that support effective execution of the Risk Management Framework and alignment with regulatory expectations, industry practices, and business strategy.

  • Provides strategic advice, governance expertise, and effective challenge to stakeholders on the application and implementation of governance frameworks, policies, standards, and requirements.

  • Leads assessments of governance effectiveness and identifies opportunities to strengthen governance practices, oversight activities, operating models, and control environments.

  • Oversees the development of governance reporting, metrics, dashboards, and management information, providing insights and recommendations to support executive decision-making.

  • Identifies emerging governance, regulatory, and industry trends and translates them into actionable recommendations to enhance governance frameworks and practices.

  • Leads complex governance, regulatory, and strategic initiatives, including framework enhancements, implementation activities, stakeholder engagement, communications, and change management.

  • Supports regulatory examinations, audits, reviews, and remediation activities, acting as a key governance subject matter expert.

  • Develops governance tools, methodologies, and supporting resources that promote consistency, transparency, and effective governance execution.

  • Influences senior stakeholders across business groups, corporate functions, and jurisdictions to drive alignment and effective governance outcomes.

  • Builds strong partnerships across the three lines of defense and provides leadership on governance-related matters impacting the enterprise.

  • Analyzes complex information and exercises sound judgment to identify issues, risks, and opportunities, developing practical and sustainable solutions.

Qualifications:

  • Typically 7-10 years of experience in risk management, governance, compliance, audit, internal controls, regulatory management, or related disciplines.

  • Significant experience developing, implementing, or overseeing governance frameworks, policies, standards, controls, or enterprise oversight programs.

  • Strong understanding of governance, risk management, regulatory expectations, and internal control principles within a large financial institution.

  • Demonstrated ability to lead complex, cross-functional initiatives and influence senior stakeholders.

  • Strong strategic thinking, analytical, problem-solving, communication, and relationship management skills.

  • Ability to operate independently and exercise judgment on complex governance, regulatory, and business matters.

Salary:

$102,000.00 - $190,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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