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Manager Model Risk Management Jobs in Chicago, IL

Alliant Credit Union

Lead Model Validation

Chicago, IL · Hybrid

$95K - $163K/yr

Validate a broad range of models used across credit risk, treasury management (ALM), finance, underwriting, and related areas, includes both traditional statistical models and artificial intelligence ...

Alliant

Lead Model Validation

Chicago, IL · On-site

$95K - $163K/yr

Validate a broad range of models used across credit risk, treasury management (ALM), finance, underwriting, and related areas, includes both traditional statistical models and artificial intelligence ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

... Management. The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and Responsibilities: * Complete underwriting for new Agent entities along with approval ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

... Management. The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and Responsibilities: * Complete underwriting for new Agent entities along with approval ...

CC Industries

Head of Risk Management

Chicago, IL · On-site

$350K - $420K/yr

This role reports to the CHRO and oversees the Manager of Corporate Safety and Director of Risk Management. Responsibilities * Establish risk management and E,H,S policies, procedures, and guidelines.

Medline

Risk Management Engineer

Northfield, IL

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization foresee risks as well as objectively proving that risk controls are effective. Provide expertise to ...

Medline

Risk Management Engineer

Northfield, IL · On-site

$79K - $119K/yr

Responsible for managing an automated risk-based trending system that will help the organization foresee risks as well as objectively proving that risk controls are effective. Provide expertise to ...

Baxter

PV Risk Management Specialist

Deerfield, IL · On-site

$112K - $154K/yr

Your role at Baxter As a Pharmacovigilance Risk Management Specialist , you will lead the development and maintenance of Pharmacovigilance Risk Management Plans (PV-RMPs) that support the safe use of ...

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

Role Model * Lead by example and champion organizational values in every interaction. Join Sinai Chicago If you are a strategic healthcare leader with a passion for risk management, compliance, and ...

Sinai Chicago

Director of Risk Management

Chicago, IL · On-site

Role Model * Lead by example and champion organizational values in every interaction. Join Sinai Chicago If you are a strategic healthcare leader with a passion for risk management, compliance, and ...

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Showing results 41-60

All JobsModel Risk Management 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 Aug 22, 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 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.

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 of Risk Management

The Inland Real Estate Group LLC

Oak Brook, IL • On-site

$145K - $189K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.
Reporting directly to the Chief Risk Officer, EVP, the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic risk initiatives. 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 Responsibilities
  • Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers' Compensation.
  • Oversee claims management, ensuring effective resolution and cost control.
  • Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
  • Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
  • Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
  • Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
  • Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
  • Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
  • Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
  • Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
  • Act as a key member of the Cyber Security Incident Response Team and ESG committee.
  • Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
  • Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
  • Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
  • Perform other duties as assigned.

Supervisory Responsibility
  • Directly supervises two team members:
    • Administrative Assistant
    • Claims Specialist

Qualifications
Education
  • Bachelor's degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience
  • 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
  • Demonstrated experience with captive insurance administration (required)

Licenses & Certifications
  • Property & Casualty License - required (or able to obtain within 1 year)
  • ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise
  • Expert-level Microsoft Excel skills
  • Proficiency in Microsoft Word and Outlook
  • Experience with RMIS and TPA systems
  • Strong analytical, financial, and problem-solving skills
  • Excellent written and verbal communication abilities
  • Proven leadership skills with the ability to influence across diverse business groups

Why Join Inland
  • High-impact, enterprise-level leadership role
  • Exposure to executive leadership and multiple business platforms
  • Opportunity to shape and grow a sophisticated risk function and captive program
  • Stable, well-established organization with a long-term view

Annual Base Salary Range: $145,567-$189,237. This position is eligible to participate in the company's annual discretionary bonus program.
Inland offers a competitive range of benefits for eligible Full-time employees:
  • Medical/Dental/Vision insurance (PPO)
  • Participation in the company 401(k) plan with a company match
  • Vacation Time, Nine Paid Holidays, Three floating holidays per year
  • Sick time
  • Tuition reimbursement opportunity
  • Company-paid life insurance equaling your annual base salary
  • Company-paid short-term and long-term disability
  • Paid Parental Leave

This position is eligible as an internal promotion opportunity.
To learn more about the Benefits Inland offers its employees please click the link to learn more.
As part of our commitment to an efficient and consistent hiring experience, The Inland Real Estate Group, LLC and its affiliated companies ("Inland") may utilize artificial intelligence ("AI") or automated technologies to assist in certain aspects of the recruitment and hiring process, including resume review and candidate screening. AI-enabled tools are used to support hiring decisions and are not used as the sole basis for employment decisions. All employment decisions are reviewed and made by qualified Inland professionals.
We are a drug-free workplace. Pre-employment background checks and drug screening are conducted for all new hires in accordance with applicable laws and regulations.
Inland is committed to equal employment opportunity and considers applicants for all positions without regard to race, color,
religion, sex, national origin, age, sexual orientation, familial status, marital status, veteran status, disability, or any other status protected by applicable law. We do not use AI or any selection tools in a manner that results in unlawful discrimination based on any protected characteristic.
If you require a reasonable accommodation or an alternative method of assessment during any stage of the recruiting process, please contact our Talent Acquisition team at recruiting@inlandgroup.com.
Where required by applicable law, Inland will provide additional disclosures and obtain any necessary consent before using certain AI-enabled technologies. Candidates may request additional information regarding Inland's use of AI in the hiring process at any time.
We are an E-Verify employer. Please click the following link to learn more.

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