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Model Risk Management Jobs in Indiana (NOW HIRING)

Cherry Bekaert

Risk Advisory Senior Manager

Bedford, IN · On-site +1

$119K - $215K/yr

This position may be performed in a hybrid work model from one of our office locations or remotely within the United States. As a Senior Manager, you will: * Lead and manage risk advisory and ...

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Huntington

Enterprise Architect (IT)

Indianapolis, IN · On-site +1

Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...

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Huntington

Enterprise Architect (IT)

Indianapolis, IN · On-site +1

Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...

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CSAA

Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...

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See Indiana salary details

$34.7K

$78.3K

$131.3K

How much do model risk management jobs pay per year?

As of Jun 18, 2026, the average yearly pay for model risk management in Indiana is $78,342.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,500.00 and $86,100.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Model Risk Management position, and why are they important?

To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.

What are some common challenges faced by professionals in Model Risk Management roles?

Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.

What is a Model Risk Management job?

A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.

What is the salary of model risk validation?

Model risk validation professionals typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in statistical modeling and regulatory knowledge can earn higher salaries, often exceeding $180,000. Certifications such as FRM or CFA can also influence compensation in this field.

Is model risk management a good career?

Model risk management is a specialized field focused on identifying and mitigating risks associated with financial and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is in demand within financial institutions, regulatory agencies, and consulting firms, making it a stable career choice for those interested in risk analysis and quantitative methods.

What do model risk managers do?

Model risk managers are responsible for identifying, assessing, and mitigating risks associated with financial and operational models used within an organization. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using specialized tools and techniques. Their work helps prevent model errors from leading to financial loss or regulatory issues.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, especially in financial institutions or large corporations.
What are the most commonly searched types of Model Risk Management jobs in Indiana? The most popular types of Model Risk Management jobs in Indiana are:
What are popular job titles related to Model Risk Management jobs in Indiana? For Model Risk Management jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Indiana look for? The top searched job categories for Model Risk Management jobs in Indiana are:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Indiana as of June 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $78,342 per year, or $37.7 per hour.

Senior Risk Consultant - Construction

Turner & Townsend

Elkhart, IN • On-site

Full-time

Posted 5 days ago

Job description

Company Description

From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational projects covering the full spectrum of consultancy, project delivery and post-project operations. 

With offices located globally, you're never far away from our services. With over 22,000 specialists in more than 60 countries, we blend local knowledge with global insight to tackle challenges of any scale.   

Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world. 

Turner & Townsend is seeking a risk analyst with a background in life sciences facilities projects to join our team to support project management function on a large-scale project. The ideal individual will have a proven track record of successfully delivering construction project control services.

Job Description

Turner & Townsendare seeking a SeniorRisk Consultant to identify, assess, and manage risks associated with construction projects. This position involves working closely with project teams, contractors, clients, and stakeholders to ensure that potential risks are mitigated and managed effectively throughout the lifecycle of construction projects.

Responsibilities 

  • Conduct comprehensive risk assessments across various stages of construction projects, including planning, design, execution, and completion. 
  • Identify potential risks (financial, operational, environmental, legal, safety-related, etc.) that may impact the delivery of construction projects. 
  • Use risk management tools and techniques to assess the likelihood and impact of identified risks. 
  • Develop and recommend strategies for mitigating identified risks, including insurance, contingency planning, contract management, and other proactive measures. 
  • Collaborate with project managers, engineers, and contractors to implement risk management plans and ensure that mitigation actions are followed. 
  • Continuously monitor the risk landscape throughout the project lifecycle to track new risks and changes in existing risks. 
  • Prepare and present regular risk reports to senior management, highlighting potential issues, risk exposure, and the effectiveness of mitigation actions. 
  • Assist in updating the project risk register to reflect evolving risk profiles. 
  • Use quantitative and qualitative risk analysis techniques (such as Monte Carlo simulations, decision trees, and sensitivity analysis) to model potential risk scenarios and their impact on project objectives. 
  • Perform cost-benefit analysis of risk management strategies to determine the most cost-effective solutions. 
  • Communicate risk-related issues clearly to stakeholders, including clients, contractors, and project teams. 
  • Facilitate discussions on risk tolerance and ensure alignment with the project's risk management framework. 
  • Compliance and Standards: 
  • Ensure that risk management processes and activities align with relevant industry standards, regulations, and best practices. 
  • Assist in ensuring compliance with health and safety regulations and environmental guidelines during project execution. 
  • Participate in training sessions to enhance risk management knowledge and improve project risk handling capabilities across the organization. 
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable. 
Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction. 
  • Minimum 7 years of applicable experience 
  • Experience in construction management is highly preferred. 
  • Proficient in Microsoft Office Suite, especially Excel for risk analysis and reporting. 
  • Knowledge of construction processes, contract management, and project management principles. 
  • Detail-oriented, with the ability to identify potential risks that might not be immediately apparent. 
  • Strong problem-solving and critical thinking skills. 
  • Strong communication skills
Additional Information

*On site presence could changer per client's needs.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. 

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community. 

Please find out more about us atwww.turnerandtownsend.com/ 

Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application. 

All your information will be kept confidential according to EEO guidelines. 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review. 

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