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Manager Model Risk Management Jobs in Chicago, IL

AbbVie

Risk Management Lead - Hybrid

North Chicago, IL · On-site

$124.50K/yr

Serve as a leader to functional departments in embedding the end to end RBQM model and support sustainability. Partner with cross-functional leaders in the development of risk management strategies ...

AbbVie

Risk Management Lead - Hybrid

North Chicago, IL · On-site

Serve as a leader to functional departments in embedding the end to end RBQM model and support sustainability. Partner with cross-functional leaders in the development of risk management strategies ...

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 ...

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 ...

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$44.8K

$106.8K

$172.6K

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

As of May 31, 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:
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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
Risk Management Lead - Hybrid

Risk Management Lead - Hybrid

AbbVie

North Chicago, IL • On-site

$124.50K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 7 hours ago

AbbVie rating

8.8

Company rating: 8.8 out of 10

Based on 95 frontline employees who took The Breakroom Quiz

11th of 70 rated pharmaceutical

Job description

Company Description
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.
Job Description
The Risk Management Lead is the risk management subject matter expert for study execution and central monitoring in AbbVie's end-to-end Risk-based Quality Management (RBQM) model-a critical pillar required in AbbVie's mission to be a world-class R&D organization. The Risk Management Lead serves as an RBQM expert and leader to functional departments in the execution and sustainability of AbbVie's end to end RBQM model and partners with the cross functional study team and drives study implementation of RBQM processes with Central Monitoring team and cross-functional study teams. The purpose of the Risk Management Lead is to establish the early detection and intervention framework for study risks, determining what to look for and how to intervene effectively, to enable proactive risk mitigation before the study starts and throughout the study as new risks emerge and to support study risk leads in delivery and supports the study risk leads through mentoring and coaching.
Responsibilities:
  • Responsible for multiple-jurisdiction studies with sites across the globe. Serve as a leader to functional departments in embedding the end to end RBQM model and support sustainability. Partner with cross-functional leaders in the development of risk management strategies across a TA or program, coach and develop the risk mindset, the discipline of risk management and risk practices/processes within the cross-functional study team.
  • Further maturing processes and building organizational capabilities in the pursuit of better quality and outcomes for patients, investigators, the study team and AbbVie as a business, and inspection readiness.
  • Drive and contribute to the development, embedding, growth and health of the necessary business process to support risk-based quality management and global monitoring processes. Lead or Co-lead RBQM initiatives and workstreams focusing on quality and risk management. Serve as Business process expert to ensure end-to-end RBQM is aligned throughout the business process framework.
  • Analyze RBQM key performance indicators and support cross-functional stakeholders in deep-dive analysis , leading indicators and the development of action plans as needed, support the development of inspection responses and CAPA development for RBQM processes.
  • Coach and mentor junior and peer Study Risk Leads. Develop RBQM training and materials for Study Risk Leads and other cross-functional stakeholders including Forum and training facilitation. Facilitate the Risk Management meetings (initial and ongoing).
  • Support the cross-functional study team in identifying potential risks and mitigation planning in the development of the Risk Assessment and Mitigation Plan with a focus on data integrity and patient safety. Continually review and evolve the Risk Assessments and Mitigation Plans (RAMP) throughout the study to ensure proactive action and responses to anticipated risks as well as new emerging risks.
  • Support the study team ensuring identified risk inform RBQM component development and are reflected in applicable study plans so that team is focusing on the most important risks and mitigations. Guide the team in identifying the most critical data and processes that need to be controlled to ensure study success. Assist the study team to define Key Risk Indicators (KRIs), both AbbVie standard and study-specific and establish Quality Tolerance Limits (QTLs) that will best help determine risk.
  • Bring rigor, consistency and a common risk-based vocabulary to the defining and documentation of risks to promote shared understanding and appropriate decision making. Leverage provided guidelines and standards for documenting the situation, the conditions under which it may occur, the risk level (how the risk is measured, the potential impact should the risk occur, and the likelihood of the risk occurrence).
  • Through Therapeutic Alignment, ensure communication and consistency in Program/Compound level Risk through partnerships with cross-functional stakeholders and maintain the Risk Library.
  • Be an RBQM leader across AbbVie, driving the adoption of AbbVie's RBQM framework and process evolution across R & D as part of the cross-functional teams spanning the portfolio (all therapeutic areas and phases of development). Collaborate with Central Monitoring and Study Risk Management leadership in bringing solutions and strategies focused on quality and risk management.

**This is a hybrid based role working on-site T-TH. Candidates must be local to Lake County, IL; Irvine, CA or Florham Park, NJ and work on-site 3 days a week.
Qualifications
  • Bachelor's degree in life sciences, risk-based, or related discipline; advanced degree preferred.
  • Minimum of 10 years' comprehensive experience in clinical operations, with proven expertise in risk management, RBQM, or quality management.
  • Excellent working knowledge of risk management methodologies (including risk identification, assessment, mitigation, and documentation).
  • Demonstrated ability to influence cross-functional teams, senior management, and drive change management initiatives.
  • Deep understanding of ICH/GCP, regulatory standards, and clinical trial processes.
  • Strong analytical, critical thinking, and problem-solving skills; proficiency with data analysis/visualization tools.
  • Exceptional communication, documentation, and interpersonal skills.
  • Proven ability to lead in a dynamic global environment with complex, multi-jurisdictional studies.

Additional Information
Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
  • The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
  • We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
  • This job is eligible to participate in our short-term incentive programs.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.
AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.
US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html
US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:
https://www.abbvie.com/join-us/reasonable-accommodations.html

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About AbbVie

Sourced by ZipRecruiter

AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health, and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube, and LinkedIn.

Industry

Scientific research and development services

Company size

10,000+ Employees

Headquarters location

North Chicago, IL, US

Year founded

2013

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