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Manager Model Risk Management Jobs in Michigan (NOW HIRING)

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

The Opportunity As part of the Global Network Tax team, you will be an integral part of navigating tax risk management for the entire network. As a Manager, you will inspire and develop your team ...

The Director of Enterprise Risk Management (ERM) will report to the CRO to implement OhioHealth's ERM plan and processes. The Director will be responsible for the leadership, the innovation, and the ...

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Manager Model Risk Management information

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills in financial institutions or large corporations.

What does a model risk manager do?

A model risk manager oversees the identification, assessment, and mitigation of risks associated with financial and operational models used within an organization. They ensure models are accurate, compliant with regulations, and perform as intended, often working with validation teams and utilizing tools like statistical software. Their role helps prevent financial loss and supports sound decision-making.

What is the difference between Manager Model Risk Management vs Model Risk Analyst?

AspectManager Model Risk ManagementModel Risk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Master's in Finance or Risk), certifications like FRM or CFAOften requires similar credentials, such as FRM or CFA, but may have less emphasis on managerial certifications
Work EnvironmentLeads teams, manages risk frameworks, and interacts with senior managementPerforms detailed risk analysis, supports model validation, and reports findings
Employer & Industry UsageCommon in banking, asset management, and financial institutionsFound in similar environments, often as a supporting role to managers

The Manager Model Risk Management oversees the entire model risk framework, manages teams, and interacts with senior stakeholders. In contrast, the Model Risk Analyst focuses on detailed analysis, validation, and reporting of models. Both roles require similar credentials but differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking sectors that involves identifying, assessing, and mitigating risks associated with financial 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 is the salary of model risk management in Deloitte?

The salary for a Manager in Model Risk Management at Deloitte typically ranges from $110,000 to $150,000 annually, depending on experience, location, and performance. Additional benefits may include bonuses, health insurance, and professional development opportunities.
What are the most commonly searched types of Model Risk Management jobs in Michigan? The most popular types of Model Risk Management jobs in Michigan are:
What job categories do people searching Manager Model Risk Management jobs in Michigan look for? The top searched job categories for Manager Model Risk Management jobs in Michigan are:
What cities in Michigan are hiring for Manager Model Risk Management jobs? Cities in Michigan with the most Manager Model Risk Management job openings:
Compliance & Risk Management Director

Compliance & Risk Management Director

Muskegon Family Care

Muskegon, MI โ€ข On-site

Full-time

Retirement, PTO

Posted 10 days ago


Job description

Compliance amp; Risk Management Director
Muskegon Family Care
2201 S. Getty St.
Muskegon, MI 49444
FULL-TIME M-F 8 am- 5 pm
Muskegon Family Care is looking for a Full- Time Compliance amp; Risk Management Director to join our Supportive amp; Collaborative Team. Muskegon Family Care offers a competitive benefit package including, Paid Time Off, Holiday Pay, Vendor Discounts, Tuition Reimbursement up to $1,500 annually, and a 401K- safe harbor contribution, we match 100% up to 3% employee contribution: 50% for the next 2% employee contribution.
Student Loan Forgiveness: Working for Muskegon Family Care may allow you to participate in programs that forgive the balance of qualifying student loans. Information/eligibility is available from the U.S. Department of Education.
Position Overview
Under the guidance of the Chief Executive Officer and in collaboration with the MFC Board of Directors, the Compliance and Risk Management Officer is responsible for developing, implementing, and maintaining programs that ensure organizational compliance and effective risk mitigation. This includes identifying, assessing, and managing financial, operational, legal, and regulatory risks that could impact the organizationโ€™s performance or reputation. The officer ensures adherence to HIPAA, FTCA, CARF, and HRSA requirements, and directs the collection and analysis of data to meet compliance objectives. The position also oversees policy enforcement and contributes to improving staff and patient safety.
Essential Duties and Responsibilities
  • Develop, implement, and monitor the annual Health Care Risk Management Training Plan for all staff members based on identified areas and activities of the highest clinical risk for the health center (including, but not limited to, obstetrical procedures and infection control) and any non-clinical trainings appropriate for health center staff (including HIPAA medical record confidentiality requirements)
  • Complete an Annual Risk Management Report for the Board of Directors and key management staff.
  • Conduct risk assessments and develop risk mitigation strategies, policies, and procedures. Monitor and report on the effectiveness of those strategies.
  • Ensure proper incident tracking, peer review, root cause analysis, and facility monthly compliance and risk management committee meetings.
  • Communicate risk status and compliance updates to stakeholders and leadership.
  • Provide training and coaching to managers and staff on compliance and risk-related processes and emerging issues.
  • Document, analysis, and address breaches, clinically related complaints and โ€œnear missesโ€ reported by employees, patients, and other individuals related to risk management goals.
  • Ensure that credentialing, privileging, and claims history reviews comply with FTCA and HRSA standards.
  • Maintain working knowledge of HRSA and MDHHS grant requirements and reporting obligations.
  • Build and maintain programs to ensure compliance with federal, state, and local regulations, including FTCA, HIPAA, and CARF standards.
  • Review and maintain all organizational contracts and Business Associate Agreements.
  • Monitor all employee-related incidents and accidents and ensure OSHA reporting and documentation compliance.
  • Collaborate with the Facilities Manager, HR Compliance Coordinator, and Security Administrator to update the Emergency Management Plan and related protocols.
  • Serve as the organizationโ€™s Privacy Officer and ensure compliance with HIPAA regulations.
  • Provide consultation to leadership and department heads regarding legal or regulatory changes.
  • Revise the compliance, risk, and privacy programs as needed to remain current with legal, regulatory, and ethical changes.
  • Review and propose changes to policies and procedures in accordance with system requirements.
  • Contribute to strategic planning and budget development as needed.
  • Support interdepartmental coordination and resolve compliance-related issues.
  • Perform all other duties as assigned.
HIPAA Privacy and Compliance
  • Identifies and assesses compliance risks and concerns.
  • Maintain monthly HIPAA compliance audit.
  • Cooperate with U.S Department of Health and Human Services (HHS) Office of Civil Rights (OCR)00 and other federal and state entities, in any privacy program audits, inquiries or investigations.
  • Serves as an internal subject matter expert on HIPAA, maintains current knowledge of HIPAA laws and regulations, and any other applicable federal and state privacy laws or regulations.
  • Ensures that the company is in overall compliance with HIPAA guidelines and directives.
  • Monitors entity operations, systems and employees for security compliance.
  • Ensure compliance with privacy practices and consistent application of sanctions for failure to comply with privacy policies for all individuals in the organizations workforce, extended workforce and for all business associates, in cooperation with Human Resources, the Security Official, administration and legal counsel as applicable.
  • Monitors the process for receiving, documenting, tracking, investigating, and acting on all complaints concerning the organizationโ€™s privacy policies and procedures in coordination and collaboration with other similar functions and, when necessary, legal counsel.
  • Drafts and disseminates the Privacy Notice required by the Privacy Rule.
  • Reviews all contracts under which access to confidential data is given to outside entities, bring those contracts into compliance with the Privacy Rule, and ensure that confidential data is adequately protected when such access is granted.
  • Conducts periodic privacy audits and takes remedial action as necessary.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Education and Licensure
  • Bachelorโ€™s degree in business administration, public health, healthcare administration, nursing, or related field required.
  • Minimum five (5) years of experience in healthcare compliance or risk management, or equivalent combination of education and experience.
  • Certifications such as CHC (Certified in Healthcare Compliance) or CPHRM (Certified Professional in Healthcare Risk Management) preferred.
More about Muskegon Family Care:
MFC is a Federally Qualified Health Center that aims to improve the overall health and wellness of our community by promoting the physical, emotional and spiritual well-being of our families through comprehensive healthcare and other essential services. As a community health center, we provide a range of services far greater than an ordinary doctor's office. We develop programs and services to meet the changing needs of our community, together we create a healthier community.
We commit to serving our patient's and our staff through our ICARE values of innovation, within a compassionate environment for all, providing access to the care needed and treating all with great respect, and offering education opportunities that result in healthy outcomes. We are better together. Teamwork makes the Dreamwork.