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Manager Model Risk Management Jobs in Chicago, IL

The Parking Spot

Director, Risk Management

Chicago, IL · Hybrid

$150K - $170K/yr

Director, Risk Management | Corporate With more than 25 years in business, The Parking Spot has grown into the largest near-airport parking company in the United States with over 2,000 valued team ...

MSCCN

Director, Risk Management

Chicago, IL · On-site

$150K - $170K/yr

Unless specifically stated otherwise, this role is "On-Site" Director, Risk Management Chicago Corporate Director, Risk Management Corporate With more than 25 years in business, The Parking Spot has ...

inlandgroup

Director of Risk Management

Oak Brook, IL · On-site

Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level. Key ...

Addison Group

Risk Management Specialist

Chicago, IL · Hybrid

$50 - $60/hr

Risk & Compliance Associate Location: Chicago, IL Industry: Management Consulting Compensation: $50 - $60 / hour (Contract) Work Schedule: Monday-Friday, 8:00 AM-5:00 PM - HYBRID Benefits: This ...

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All JobsManager Model Risk Management JobsManager Model Risk Management Jobs in Chicago, IL

Manager Model Risk Management information

See Chicago, IL salary details

$44.8K

$106.8K

$172.6K

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

As of Jun 21, 2026, the average yearly pay for manager model risk management in Chicago, IL is $106,830.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,700.00 and $136,000.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often 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 Chicago, IL? The most popular types of Model Risk Management jobs in Chicago, IL are:
What are popular job titles related to Manager Model Risk Management jobs in Chicago, IL? For Manager Model Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Manager Model Risk Management jobs in Chicago, IL look for? The top searched job categories for Manager Model Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Manager Model Risk Management jobs? Cities near Chicago, IL with the most Manager Model Risk Management job openings:
Manager Model Risk Management jobs near you

Director, Risk Management

National Guard Employment Network

Chicago, IL • On-site

$150K - $170K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 10 hours ago

Job description

Job Description
ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. If you have the required skill set, education requirements, and experience, please click the submit button and follow the next steps. Unless specifically stated otherwise, this role is "On-Site"
Director, Risk Management
Chicago CorporateJob Description
Director, Risk Management Corporate
With more than 25 years in business, The Parking Spot has grown into the largest near-airport parking company in the United States with over 2,000 valued team members across over 40 locations nationwide. We are proud to offer an Employee Ownership Program, allowing every team member the opportunity to receive a direct financial stake in The Parking Spot's success. As employee owners, every one of us plays a part in providing exceptional service to our guests across the country.
What makes working at The Parking Spot so special? We've built a culture of support, fun, and camaraderie that empowers us to be the most innovative company in the parking industry. As a nationwide business with a small business feel, there are endless opportunities within The Parking Spot to grow your career. Come join us and see how we leverage people and technology to deliver a superior product, outshine our competition, and find creative and innovative solutions to everyday problems.
Salary Range: $150000 per year - $170000 per year
What we offer:
  • Participation in and financial benefit from our shared employee ownership program
  • Hybrid work experience in downtown Chicago
  • Career development and growth opportunities
  • Ability to gain exposure to all areas of the business
  • Great benefits including Medical, Vision, Dental and a 401k plan
  • Annual discretionary bonus program
  • Team oriented, fun and friendly work environment
  • Immediate opportunity to make a large impact

Position Summary:
As a Director of Risk Management, this role leads the Company's enterprise risk and insurance programs and serves as the primary point of accountability for how risk is identified, managed, and transferred across the organization.
This role is responsible for overseeing all risk management programs and initiatives, managing and negotiating the Company's insurance programs (excluding employee benefits), and serving as the primary face of TPS in the insurance marketplace. The Director of Risk Management will work closely with Finance, Operations, Safety, Legal, and external advisors to ensure risk is managed thoughtfully, proactively, and cost-effectively. The Director of Risk Management will report to the Chief Financial Officer.
The role is designed for a seasoned risk professional who combines strong technical risk and insurance knowledge with sound judgment, practical leadership skills, and a collaborative mindset. While the role requires strategic thinking, it is also hands-on and execution oriented, particularly as the Company continues to mature and formalize its risk management processes.
Key Responsibilities:
Enterprise Risk Management & Governance
  • Oversee the Company's enterprise risk management activities, including identification, prioritization, monitoring, and mitigation of key operational, safety, insurance, regulatory, and reputational risks.
  • Serve as a core contributor to the Company's Risk Management Committee, providing data driven insights, risk trend analysis, and escalation of material issues.
  • Develop and maintain risk reporting, dashboards, and key risk indicators to support senior management and Board-level oversight.
  • Help embed risk awareness and accountability into day-to-day decision-making across the organization.

Insurance Program Management
  • Own the design, placement, and ongoing management of the Company's insurance programs across all lines of coverage.
  • Work closely with the Safety team and Operations leadership to support the development and execution of a strong, data driven safety program.
  • Analyze incident and near miss data to identify trends and systemic risks.
  • Partner with Operations and Safety on training initiatives, operational controls, and tools designed to reduce risk companywide.
  • Serve as a key point of coordination following significant incidents, even where direct management responsibility resides elsewhere.
  • Partner with the Legal and Compliance team on claims and litigation strategies

Process Improvement & Market Engagement
  • Continue to mature and formalize risk management processes, governance, and documentation, building structure where needed.
  • Evaluate and leverage risk management and claims systems and tools (system-agnostic) to improve visibility, analytics, and decision-making.
  • Actively represent TPS in the insurance market, reinforcing the Company's commitment to disciplined risk management, safety, and continuous improvement.

Knowledge, Skills & Experience Required:
  • Bachelor's Degree required, preferably in Finance, Business Administration, Economics, or Risk Management
  • Professional certifications preferred (e.g., ARM, CPCU, CRM).
  • 8+ years of relevant experience in a corporate risk environment overseeing enterprise insurance programs and working directly with brokers, carriers, TPAs, and outside counsel
  • Demonstrated ability to operate across functions, influence without direct authority, and balance strategic thinking with practical execution.
  • 15-20% travel may be required

______
Any disclosed pay range is based on a consideration of neutral factors and criteria such as required qualifications, experience, education, skill, training, certifications, seniority, etc. The Parking Spot reserves the right to offer the selected candidate or applicant a salary at an appropriate level to be set and determined by the employer that is commensurate with the applicant's qualifications, experience, education, skill, training, certifications, or seniority.
At The Parking Spot, we don't just accept difference - we celebrate and seek it. We believe a diverse, inclusive, and equitable company is one where all employees, partners, and customers are welcome, supported, and valued. As a company in the travel industry, we witness the power of bringing individuals from different backgrounds and communities together. We treat all others with dignity and respect and stand firmly against racism and discrimination in any form. We intentionally develop diverse teams and relationships to ensure all voices are heard and to foster equal opportunity for all. We are committed to listening, learning, and growing because we know that our work is never done.

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