... 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 ...
... 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 ...
Our capabilities include programme, project, cost, asset and commercial management, controls and ... In-depth understanding of construction contracts, commercial models, and delivery methods.
New
Our capabilities include programme, project, cost, asset and commercial management, controls and ... In-depth understanding of construction contracts, commercial models, and delivery methods.
New
Risk & Independence Contract Specialist Senior Manager - Advisory Consulting Services
Indianapolis, IN · On-site
... management, focusing on business continuity and risk model implementation. You will guide teams in identifying and mitigating risks, confirming that operations and core business functions remain ...
Risk & Independence Contract Specialist Senior Manager - Advisory Consulting Services
Indianapolis, IN · On-site
... management, focusing on business continuity and risk model implementation. You will guide teams in identifying and mitigating risks, confirming that operations and core business functions remain ...
... 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 ...
... 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 ...
... 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 ...
... 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 ...
Principal Quality Systems Engineer - Global Risk Management & Design Activities
Spencer, IN · On-site
Work model, sponsorship, relocation: At Boston Scientific, we value collaboration and synergy. This ... Risk Management procedures, methodologies and best practices that support compliant product ...
New
Principal Quality Systems Engineer - Global Risk Management & Design Activities
Spencer, IN · On-site
Work model, sponsorship, relocation: At Boston Scientific, we value collaboration and synergy. This ... Risk Management procedures, methodologies and best practices that support compliant product ...
New
Principal Quality Systems Engineer - Global Risk Management & Design Activities
Spencer, IN · On-site
Work model, sponsorship, relocation: At Boston Scientific, we value collaboration and synergy. This ... and Risk Management processes supporting combination products. • Develop, implement and ...
New
Principal Quality Systems Engineer - Global Risk Management & Design Activities
Spencer, IN · On-site
Work model, sponsorship, relocation: At Boston Scientific, we value collaboration and synergy. This ... and Risk Management processes supporting combination products. • Develop, implement and ...
New
QRM - Contractual Deal Strategy, Contracting and Risk Management - Manager - C_MAT
Indianapolis, IN · On-site
$85K - $113K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
QRM - Contractual Deal Strategy, Contracting and Risk Management - Manager - C_MAT
Indianapolis, IN · On-site
$85K - $113K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
QRM - Contractual Deal Strategy, LSHC Contracting and Risk Management - Manager - C_MAT
$85K - $113K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
QRM - Contractual Deal Strategy, LSHC Contracting and Risk Management - Manager - C_MAT
$85K - $113K/yr
National Office Team The National Office, a key Strategic Enabler in our new model, is comprised of ... The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and ...
Large Bank Financial Examiner
Indianapolis, IN · On-site
$75K/yr
These reviews focus on an organization's risk tolerance and risk management activities, encompassing concepts such as enterprise risk management, corporate governance, model risk management, and ...
Large Bank Financial Examiner
Indianapolis, IN · On-site
$75K/yr
These reviews focus on an organization's risk tolerance and risk management activities, encompassing concepts such as enterprise risk management, corporate governance, model risk management, and ...
Large Bank Financial Examiner
Indianapolis, IN · Hybrid
$75K/yr
These reviews focus on an organization's risk tolerance and risk management activities, encompassing concepts such as enterprise risk management, corporate governance, model risk management, and ...
Large Bank Financial Examiner
Indianapolis, IN · Hybrid
$75K/yr
These reviews focus on an organization's risk tolerance and risk management activities, encompassing concepts such as enterprise risk management, corporate governance, model risk management, and ...
Strong understanding of Deloitte businesses, service offerings, or service delivery models * Experience in conflicts, independence, or a closely related risk-management function within a professional ...
Strong understanding of Deloitte businesses, service offerings, or service delivery models * Experience in conflicts, independence, or a closely related risk-management function within a professional ...
Consumer Finance Direct Portfolio/Risk Specialist
Indianapolis, IN · On-site +1
$57K - $113K/yr
Ensure documentation and analysis meet regulatory, audit, and internal risk management standards ... Familiarity with consumer credit models, scorecards, or risk-based pricing frameworks. * Advanced ...
Consumer Finance Direct Portfolio/Risk Specialist
Indianapolis, IN · On-site +1
$57K - $113K/yr
Ensure documentation and analysis meet regulatory, audit, and internal risk management standards ... Familiarity with consumer credit models, scorecards, or risk-based pricing frameworks. * Advanced ...
Enterprise Architect (IT)
Indianapolis, IN · On-site +1
$102K - $208K/yr
Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...
Enterprise Architect (IT)
Indianapolis, IN · On-site +1
$102K - $208K/yr
Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...
Enterprise Architect (IT)
Indianapolis, IN · On-site +1
$66 - $85/hr
Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...
Enterprise Architect (IT)
Indianapolis, IN · On-site +1
$66 - $85/hr
Familiarity with technology risk management, operational resilience, data privacy, vendor governance, audit, or regulatory examination support. * Familiarity with AI governance, model risk ...
Client Executive, P&C
Indianapolis, IN · On-site
$72K - $98K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
Client Executive, P&C
Indianapolis, IN · On-site
$72K - $98K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
Client Executive, P&C
South Bend, IN · On-site +1
$75K - $102K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
Client Executive, P&C
South Bend, IN · On-site +1
$75K - $102K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
Client Executive, P&C
Indianapolis, IN · On-site +1
$72K - $98K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
Client Executive, P&C
Indianapolis, IN · On-site +1
$72K - $98K/yr
The role supports growth through client retention, cross-selling, and proactive risk management while contributing to a collaborative, team-based service model. Key Responsibilities Functional ...
R&I Managed Services Deals Desk Senior Manager
Indianapolis, IN · On-site
$91K - $321K/yr
Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... project success - Modeling and reinforcing professional and technical standards, including ...
R&I Managed Services Deals Desk Senior Manager
Indianapolis, IN · On-site
$91K - $321K/yr
Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... project success - Modeling and reinforcing professional and technical standards, including ...
Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...
Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...
Model Risk Management information
See Indiana salary details
$34.7K - $43.5K
4% of jobs
$43.5K - $52.3K
13% of jobs
$58.7K is the 25th percentile. Wages below this are outliers.
$52.3K - $61.1K
11% of jobs
$61.1K - $69.9K
16% of jobs
The median wage is $72K / yr.
$69.9K - $78.6K
25% of jobs
$83K is the 75th percentile. Wages above this are outliers.
$78.6K - $87.4K
13% of jobs
$87.4K - $96.2K
8% of jobs
$96.2K - $105K
3% of jobs
$105K - $113.8K
1% of jobs
$113.8K - $122.5K
1% of jobs
$122.5K - $131.3K
5% of jobs
$34.7K
$78.3K
$131.3K
How much do model risk management jobs pay per year?
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.
Full-time
Re-posted 26 days ago
Job 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.Â
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.  Â
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.Â
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.
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.
ResponsibilitiesÂ
- Conduct comprehensive risk assessments across various stages of construction projects, including planning, design, execution, and completion.Â
- Identify potential risks (financial, operational, environmental, legal, safety-related, etc.) that may impact the delivery of construction projects.Â
- Use risk management tools and techniques to assess the likelihood and impact of identified risks.Â
- Develop and recommend strategies for mitigating identified risks, including insurance, contingency planning, contract management, and other proactive measures.Â
- Collaborate with project managers, engineers, and contractors to implement risk management plans and ensure that mitigation actions are followed.Â
- Continuously monitor the risk landscape throughout the project lifecycle to track new risks and changes in existing risks.Â
- Prepare and present regular risk reports to senior management, highlighting potential issues, risk exposure, and the effectiveness of mitigation actions.Â
- Assist in updating the project risk register to reflect evolving risk profiles.Â
- 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.Â
- Perform cost-benefit analysis of risk management strategies to determine the most cost-effective solutions.Â
- Communicate risk-related issues clearly to stakeholders, including clients, contractors, and project teams.Â
- Facilitate discussions on risk tolerance and ensure alignment with the project's risk management framework.Â
- Compliance and Standards:Â
- Ensure that risk management processes and activities align with relevant industry standards, regulations, and best practices.Â
- Assist in ensuring compliance with health and safety regulations and environmental guidelines during project execution.Â
- Participate in training sessions to enhance risk management knowledge and improve project risk handling capabilities across the organization.Â
- SOX control responsibilities may be part of this role, which are to be adhered to where applicable.Â
- Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction.Â
- Minimum 7Â years of applicable experienceÂ
- Experience in construction management is highly preferred.Â
- Proficient in Microsoft Office Suite, especially Excel for risk analysis and reporting.Â
- Knowledge of construction processes, contract management, and project management principles.Â
- Detail-oriented, with the ability to identify potential risks that might not be immediately apparent.Â
- Strong problem-solving and critical thinking skills.Â
- Strong communication skills Â
*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.Â
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.Â
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.Â
Please find out more about us atwww.turnerandtownsend.com/Â
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.Â
All your information will be kept confidential according to EEO guidelines.Â
#LI-JD1
Join our social media conversations for more information about Turner & Townsend and our exciting future projects:Â
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.Â
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.Â