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Manager Model Risk Management Jobs in Northbrook, IL

Prime Healthcare

Risk Management Manager

Chicago, IL

$70.72K - $102.42K/yr

Risk Management • Schedule: Day shift- 100% Onsite • Facility: St. Mary of Nazareth • Location: Chicago, IL 60622 As a Risk Management Manager you will focus on protecting patients, staff, and ...

Prime Healthcare

Risk Management Manager

Chicago, IL

$70.72K - $102.42K/yr

Risk Management • Schedule: Day shift- 100% Onsite • Facility: St. Mary of Nazareth • Location: Chicago, IL 60622 **Great promotion opportunity** **Great opportunity for other healthcare ...

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 ...

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

Manager Model Risk Management information

See Northbrook, IL salary details

$44.2K

$105.3K

$170K

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 Northbrook, IL is $105,259.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,600.00 and $134,000.00 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 Northbrook, IL? The most popular types of Model Risk Management jobs in Northbrook, IL are:
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What job categories do people searching Manager Model Risk Management jobs in Northbrook, IL look for? The top searched job categories for Manager Model Risk Management jobs in Northbrook, IL are:
What cities near Northbrook, IL are hiring for Manager Model Risk Management jobs? Cities near Northbrook, IL with the most Manager Model Risk Management job openings:
Manager Model Risk Management jobs near you
Risk Management Analyst

Risk Management Analyst

Calamos Investments LLC

Chicago, IL • On-site

$115K/yr

Full-time

Posted 10 days ago

Job description

Job Description

Calamos Advisors LLC has an opening for Risk Management Analyst in Chicago, Illinois. Develop and maintain robust quantitative models and methodologies to measure and analyze various types of risks, including market risk, credit risk, liquidity risk, and operational risk. Validate and stress-test models. Create stress testing scenarios and integrate into dashboards. Conduct in-depth analysis of portfolio performance, identify sources or outperformance or underperformance and provide actionable insights. Improve trading decision tools, back test strategies, and conduct portfolio optimizations. Prepare comprehensive risk reports, presenting findings to senior management, portfolio managers, and other stakeholders. Articulate complex risk concepts in a concise and understandable manner. Ensure effective communication of risk-related information throughout the organization. Create and manage reporting infrastructure – migrate scheduled jobs to the cloud, build SQL views and Python scripts, and maintain documentation. Stay up-to-date with the latest advancements in risk management techniques and technologies. Conduct research to identify new risk factors and propose enhancements to existing risk management frameworks. Develop innovative risk models that align with the evolving market dynamics and the fund's investment objectives. Create deep learning models, explore automation algorithms and develop infrastructure for new technologies. Collaborate with IT, Compliance and Legal to implement SEC rules. Develop internal calculations and reporting in addition to vetting 3rd party providers. Enhance risk monitoring systems, address client data requests and develop comprehensive risk dashboards.

Job Requirements

Position requires a Master’s degree in Quantitative Finance, Financial Mathematics, or a related field, and 2 years of experience in investment risk management.

Must also have work or academic experience in:

  • Financial coding and software tools including Python, Git, SQL, Databricks, MS Office, Azure Machine Learning Studio, Power BI DAX, data modeling and report design;
  • Financial vendors Blooomberg terminal, including BQL and PORT Enterprise report automation, and MSCI BarraOne and Barra Portfolio Manager, including Optimization;
  • Machine learning techniques including deep learning to financial datasets;
  • Applying NLP to financial datasets, both text to data and data to text; and
  • Elements of quantitative finance including multi-asset class factor models and modern portfolio theory, options theory, including greeks and trading strategies, convertible bonds, fixed income statistics and attribution, long/short equity risk and hedging, and how macroeconomic indicators impact these elements.

Please submit resume online through this site https://www.calamos.com/.

SALARY: $115,000.00 per year

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