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Manager Model Risk Management Jobs in Northbrook, IL

Rothera

Director, Enterprise Risk Management

Chicago, IL · On-site

$175K - $200K/yr

Margin Framework: Assist in development, governance, and validation of margin and risk models used ... Manage auditor relationships, evidence collection, remediation, and ongoing control maturity.

Invenergy

Manager, Enterprise Risk Management

Chicago, IL · On-site

$108K - $134K/yr

Position Overview Reporting to the Vice President, Enterprise Risk Management, the Manager, Enterprise Risk Management will help evolve and implement Invenergy's Enterprise Risk Management (ERM) and ...

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 ...

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 ...

PayPal, Inc.

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... PayPal's balanced hybrid work model offers 3 days in the office for effective in-person ...

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All JobsModel Risk Management 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 Jul 12, 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.

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Manager Model Risk Management jobs near you
Manager, Enterprise Risk Management

Manager, Enterprise Risk Management

Invenergy LLC

Chicago, IL • On-site

$108K - $134K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 23 days ago

Invenergy rating

8.6

Company rating: 8.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.
This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.
Job Description
Position Overview
Reporting to the Vice President, Enterprise Risk Management, the Manager, Enterprise Risk Management will help evolve and implement Invenergy's Enterprise Risk Management (ERM) and Crisis Management programs across the company's generation and development portfolios. This role partners closely with leaders and teams across the organization to proactively identify and assess key risks, evaluate potential impacts, and support the development of effective mitigation strategies. Operating with a high degree of independence, the Manager applies strong facilitation, critical thinking, and structured analytical skills to deliver insights that inform leadership decision-making and advance Invenergy's long-term objectives. This role offers broad enterprise exposure and high visibility, providing a unique opportunity to influence how Invenergy anticipates risk, prepares for uncertainty, and navigates complex challenges.
Responsibilities
  • Advance Invenergy's ERM and Crisis Management frameworks, contributing to the ongoing development of governance, policies, tools, processes, and reporting requirements.
  • Coordinate the Risk Management Committee, including preparing risk and resilience briefings and executive level materials for internal and/or external use as needed.
  • Partner with business leaders and teams to serve as a key point of contact for enterprise or business unit risks, supporting the evaluation and improvement of mitigation and recovery plans.
  • Facilitate cross-functional risk assessments that consider interdependencies, internal and external factors, and both existing and emerging risks.
  • Monitor and synthesize risk intelligence, translating insights into actionable inputs for ERM and leadership discussions.
  • Engage stakeholders at all levels, including Business Unit leaders, Officers, Board Members, and Financing Parties, as needed to promote transparency and a strong risk-aware culture.
  • Build, advance, and leverage tools, scorecards, and dashboards to manage accurate tracking and reporting of risks.
  • Develop and deliver risk training to foster a strong risk culture, build shared understanding and enable continuous learning throughout the company.

Minimum Qualifications
  • Bachelor's degree in Engineering, Economics, Finance, or related discipline required.
  • 4+ years' relevant experience, such as Risk Management, Program Management, Project Management, Engineering, Asset Management, and/or Operations.
  • Strong analytical and problem-solving skills with the ability to apply structure and judgment to complex issues.
  • Strong oral and written communication skills - able to communicate clearly, concisely, and persuasively with tact and diplomacy.
  • Eligible to work in the United States without the need for employer visa sponsorship now or in the future

Preferred Qualifications
  • Experience working in the power, renewables, oil and gas, construction, or similar industry.
  • Demonstrated ability to work independently and manage multiple priorities reliably under tight timelines.
  • Experience leading projects and driving progress through influence rather than authority.
  • Strong presentation skills - ability to comprehend and synthesize information to concisely communicate complex issues to senior leaders, incorporating critical details required for each audience.
  • Awareness of enterprise risk management processes and principles such as risk identification, analysis, evaluation, risk treatment, and monitoring activities outlined.
  • Comfortable dealing with rapid growth in constantly changing internal and external environments - able to adapt to change and embrace ambiguity.

Base Pay
$108,000.00 - $134,000.00 USD Annual
Bonus: 25% - 40%
The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.
Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

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