Familiarity with regulatory environments governing Financial Market Utilities, including PFMI standards and Model Risk Governance. * Ability to engage confidently with senior leadership across ...
New
Familiarity with regulatory environments governing Financial Market Utilities, including PFMI standards and Model Risk Governance. * Ability to engage confidently with senior leadership across ...
New
AI Operational Risk Management Sr. Lead
Chicago, IL · Hybrid
$170K - $200K/yr
The ideal candidate brings deep risk management expertise, working knowledge of AI and model governance, and the ability to partner effectively with Legal, Compliance, IT Security, and business ...
AI Operational Risk Management Sr. Lead
Chicago, IL · Hybrid
$170K - $200K/yr
The ideal candidate brings deep risk management expertise, working knowledge of AI and model governance, and the ability to partner effectively with Legal, Compliance, IT Security, and business ...
Senior Manager, Enterprise Risk
Chicago, IL · On-site
$143K - $191K/yr
... Governance Committees. * Build and develop a strong team of second-line risk professionals * Provide support to teams leading model validations and credit risk monitoring, and collaborate with risk ...
Senior Manager, Enterprise Risk
Chicago, IL · On-site
$143K - $191K/yr
... Governance Committees. * Build and develop a strong team of second-line risk professionals * Provide support to teams leading model validations and credit risk monitoring, and collaborate with risk ...
Senior Associate, National Security-Cyber Security Governance
Chicago, IL · On-site
$103K - $132K/yr
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
Senior Associate, National Security-Cyber Security Governance
Chicago, IL · On-site
$103K - $132K/yr
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
Senior Manager, Enterprise Risk
$143K - $191K/yr
... Governance Committees. * Build and develop a strong team of second-line risk professionals * Provide support to teams leading model validations and credit risk monitoring, and collaborate with risk ...
Senior Manager, Enterprise Risk
$143K - $191K/yr
... Governance Committees. * Build and develop a strong team of second-line risk professionals * Provide support to teams leading model validations and credit risk monitoring, and collaborate with risk ...
Advise executive stakeholders on AI and emerging-technology risk across governance, ethics, security, privacy, and operational resilience-grounded in how models are built, deployed, and monitored in ...
Advise executive stakeholders on AI and emerging-technology risk across governance, ethics, security, privacy, and operational resilience-grounded in how models are built, deployed, and monitored in ...
Senior Associate, National Security-Cyber Security Governance
Chicago, IL · On-site
$103K - $133K/yr
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
Senior Associate, National Security-Cyber Security Governance
Chicago, IL · On-site
$103K - $133K/yr
We focus on implementing secure AI/ML pipelines, establishing AI governance frameworks, conducting model risk assessments, and ensuring compliance with emerging AI regulations. Our approach ...
Manager, Consumer Risk Portfolio Management
$74K - $138K/yr
Key Responsibilities 1. Risk Identification & Portfolio Oversight (Primary Focus) * Monitor ... Regulatory expectations (e.g., OCC guidance, SR letters, model governance principles) * Experience ...
New
Manager, Consumer Risk Portfolio Management
$74K - $138K/yr
Key Responsibilities 1. Risk Identification & Portfolio Oversight (Primary Focus) * Monitor ... Regulatory expectations (e.g., OCC guidance, SR letters, model governance principles) * Experience ...
New
Machine Learning Engineer
Chicago, IL · On-site
Perform model and AI risk governance related activities in line with enterprise risk framework, to ensure PayPal's AI applications are compliant with ever evolving regulatory expectation such as ...
Machine Learning Engineer
Chicago, IL · On-site
Perform model and AI risk governance related activities in line with enterprise risk framework, to ensure PayPal's AI applications are compliant with ever evolving regulatory expectation such as ...
Machine Learning Engineer
Chicago, IL · On-site
Perform model and AI risk governance related activities in line with enterprise risk framework, to ensure PayPal's AI applications are compliant with ever evolving regulatory expectation such as ...
Machine Learning Engineer
Chicago, IL · On-site
Perform model and AI risk governance related activities in line with enterprise risk framework, to ensure PayPal's AI applications are compliant with ever evolving regulatory expectation such as ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Provide oversight of reporting methodology and controls to ensure outputs are consistent, repeatable, and defensible under audit/model risk/governance review. * Build and manage reporting data models ...
Sr. IT Risk Manager
Chicago, IL · Hybrid
Guide business partners through governance processes related to new products and services ... lines of defense model. * Strong understanding of risks, controls, and issues management.
Sr. IT Risk Manager
Chicago, IL · Hybrid
Guide business partners through governance processes related to new products and services ... lines of defense model. * Strong understanding of risks, controls, and issues management.
Maintain governance documentation, audit-ready records, and change management processes. * Support ... engines, risk-based decisioning platforms, and machine learning-based models. * Strong ...
Maintain governance documentation, audit-ready records, and change management processes. * Support ... engines, risk-based decisioning platforms, and machine learning-based models. * Strong ...
Maintain governance documentation, audit-ready records, and change management processes. * Support ... engines, risk-based decisioning platforms, and machine learning-based models. * Strong ...
Maintain governance documentation, audit-ready records, and change management processes. * Support ... engines, risk-based decisioning platforms, and machine learning-based models. * Strong ...
Familiarity with model risk management concepts and governance expectations for machine learning models * Knowledge of banking, markets, and trading, and how analytics is applied across those domains
Familiarity with model risk management concepts and governance expectations for machine learning models * Knowledge of banking, markets, and trading, and how analytics is applied across those domains
Knowledge of AI/automation governance considerations (model risk, auditability, bias mitigation ... Familiarity with Agile delivery tools (Jira, Azure DevOps, Confluence). The wage range for this ...
Knowledge of AI/automation governance considerations (model risk, auditability, bias mitigation ... Familiarity with Agile delivery tools (Jira, Azure DevOps, Confluence). The wage range for this ...
Ensure appropriate risk governance Customer-facing or internal facing AI use cases * Create and manage the operating model for identifying and resolving security risks and posture drift. * Lead ...
Ensure appropriate risk governance Customer-facing or internal facing AI use cases * Create and manage the operating model for identifying and resolving security risks and posture drift. * Lead ...
Model Risk Governance information
See Illinois salary details
$16.15 is the 25th percentile. Wages below this are outliers.
$9.78 - $21.45
46% of jobs
The median wage is $23.91 / hr.
$21.45 - $33.12
20% of jobs
$33.12 - $44.79
3% of jobs
$54.79 is the 75th percentile. Wages above this are outliers.
$44.79 - $56.46
7% of jobs
$56.46 - $68.12
0% of jobs
$68.12 - $79.79
7% of jobs
$79.79 - $91.46
13% of jobs
$91.46 - $103.13
2% of jobs
$103.13 - $114.80
0% of jobs
$114.80 - $126.46
1% of jobs
$126.46 - $138.13
1% of jobs
$9
$44
$138
How much do model risk governance jobs pay per hour?
As of Jul 13, 2026, the average hourly pay for model risk governance in Illinois is $44.30, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $69.90 per hour, depending on experience, location, and employer.
What are some typical challenges faced in a Model Risk Governance role?
Professionals in Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring comprehensive documentation for models, and maintaining effective communication between technical modelers and business stakeholders. Balancing rigorous model validations with tight project timelines can also be demanding, especially when coordinating input from various teams. Overcoming these hurdles requires a proactive approach to learning, strong organizational skills, and the ability to translate complex quantitative issues into actionable insights for decision-makers. These challenges make the work dynamic and offer significant opportunities to influence critical risk management processes within the organization.
What is a Model Risk Governance job?
A Model Risk Governance job involves overseeing the policies, procedures, and frameworks used to manage model risk within an organization. Professionals in this role ensure that models used for decision-making in areas like finance, risk management, and compliance are properly validated, monitored, and updated. They work closely with model developers, risk managers, and regulators to enforce governance standards and mitigate potential risks. Key responsibilities include establishing model validation processes, conducting risk assessments, and ensuring compliance with regulatory requirements.
What are the key skills and qualifications needed to thrive in the Model Risk Governance position, and why are they important?
To excel in Model Risk Governance, you typically need a strong background in quantitative finance, statistics, or a related field, often with advanced degrees such as a master's or Ph.D., and experience in risk management. Familiarity with model validation tools, programming languages like Python or R, and regulatory frameworks such as SR 11-7 or Basel guidelines is highly valued. Strong analytical thinking, communication skills, and the ability to manage multiple stakeholders are key soft skills for this position. These competencies ensure effective oversight of model risk, facilitate regulatory compliance, and enable clear communication of complex technical issues to non-technical stakeholders.
What are the most commonly searched types of Model Risk Governance jobs in Illinois? The most popular types of Model Risk Governance jobs in Illinois are:
What are popular job titles related to Model Risk Governance jobs in Illinois? For Model Risk Governance jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Model Risk Governance jobs in Illinois look for? The top searched job categories for Model Risk Governance jobs in Illinois are:
Other
Posted 3 days ago
New
Job description
At Syncredible Solutions, we believe in the transformative power of technology. we specialize in Digital transformation services, Enterprise solutions, Power BI Analytics solutions and staffing services.
Location: Chicago, IL, Hybrid, 3 days work from office
Start Date: Immediate.
We are seeking an experienced AI Readiness Assessment Consultant to support a strategic AI transformation initiative for our direct client. The consultant will conduct structured AI readiness assessments across key business functions, evaluating operational, process, data, technology, and organizational readiness to enable successful AI adoption.
This is a hands-on consulting engagement, requiring close collaboration with business stakeholders, process owners, SMEs, and technical teams to produce actionable recommendations that will directly influence client’s AI strategy, investment decisions, and transformation roadmap
Key Responsibilities:
- Conduct comprehensive AI readiness assessments across assigned business functions.
- Partner with functional leaders, SMEs, and technical teams to understand current business processes, systems, data, and operational challenges.
- Assess AI readiness across the following dimensions:
- Business Strategy
- Knowledge Foundations (Data, Documentation & Governance)
- Technical Infrastructure
- Organizational Readiness & Change Management
- AI Applicability & ROI
- Evaluate current data quality, governance, process documentation, and institutional knowledge required to support AI initiatives.
- Identify readiness gaps and recommend prioritized remediation plans.
- Develop AI adoption roadmaps, sequencing quick wins and long-term transformation initiatives.
- Identify high-value AI use cases with preliminary business value and ROI justification.
- Facilitate validation sessions with business leadership and present findings to executive stakeholders.
- Produce assessment deliverables that support enterprise investment and AI implementation decisions.
Required Deliverables:
- Knowledge Substrate Map
- AI Readiness Gap Analysis
- Prioritized AI Transformation Roadmap
- AI Use Case Opportunity Inventory
Required Skills & Experience:
- 12+ years of consulting or transformation experience with at least 3+ years conducting AI readiness assessments within Financial Services or Market Infrastructure organizations.
- Proven experience assessing AI readiness and developing AI transformation strategies.
- Strong understanding of enterprise AI adoption, data governance, business process transformation, and organizational change management.
- Experience working within regulated financial institutions such as:
- Clearing Organizations
- Exchanges
- Custodians
- Banking or Capital Markets
- Strong knowledge of:
- AI Strategy & AI Adoption Frameworks
- Data Governance
- Enterprise Architecture
- Business Process Analysis
- Change Management
- AI Use Case Prioritization
- Familiarity with regulatory environments governing Financial Market Utilities, including PFMI standards and Model Risk Governance.
- Ability to engage confidently with senior leadership across Financial Risk Management, Technology, and Systems Integration teams.
- Excellent executive communication, stakeholder management, and presentation skills.
- Demonstrated experience delivering assessment outcomes that influenced investment or transformation decisions.
Preferred Qualifications
- Experience working with systemically important financial market infrastructure organizations.
- Background in AI strategy consulting, digital transformation, or enterprise architecture.
- Experience facilitating executive workshops and steering committee presentations.