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Model Risk Manager Jobs in Indiana (NOW HIRING)

Circle

As Manager, GRM AI Transformation, you will help lead the reinvention of how Circle's Global Risk ... Champion a "build once, reuse everywhere" model, prioritizing and sequencing these foundational ...

Circle

As Manager, GRM AI Transformation, you will help lead the reinvention of how Circle's Global Risk ... Champion a "build once, reuse everywhere" model, prioritizing and sequencing these foundational ...

Circle

As Manager, GRM AI Transformation, you will help lead the reinvention of how Circle's Global Risk ... Champion a "build once, reuse everywhere" model, prioritizing and sequencing these foundational ...

Circle

As Manager, GRM AI Transformation, you will help lead the reinvention of how Circle's Global Risk ... Champion a "build once, reuse everywhere" model, prioritizing and sequencing these foundational ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Indiana

Model Risk Manager information

See Indiana salary details

$49K

$106.2K

$161.8K

How much do model risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for model risk manager in Indiana is $106,153.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,600.00 and $122,800.00 per year, depending on experience, location, and employer.

What does a model risk manager do?

A Model Risk Manager is responsible for identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. They ensure that models are accurate, reliable, and compliant with regulatory standards by overseeing validation processes and monitoring model performance. Their role often includes collaborating with model developers, conducting independent reviews, and implementing model governance frameworks to minimize potential losses or errors stemming from model misuse or inaccuracies.

What skills and qualifications are needed to be a model risk manager?

To thrive as a Model Risk Manager, you need a solid background in quantitative finance, statistics, or mathematics, often supported by an advanced degree and experience in model development or validation. Familiarity with programming languages such as Python or R, risk management frameworks, and regulatory requirements like SR 11-7 or ECB guidelines is typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for articulating complex model risks to stakeholders. These competencies are vital for ensuring the accuracy, compliance, and reliability of financial models within an organization.

What are common challenges a model risk manager faces when validating complex financial models?

Model Risk Managers often encounter challenges such as limited or incomplete data, evolving regulatory requirements, and the need to validate highly complex or proprietary models. They must work closely with model developers, quantitative analysts, and compliance teams to ensure all assumptions and methodologies are sound. Staying up to date with industry best practices and maintaining clear documentation are also crucial, as is effectively communicating findings to both technical and non-technical stakeholders.

What is the difference between Model Risk Manager vs Quantitative Analyst?

AspectModel Risk ManagerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or mathematics; certifications like FRM or CFADegree in finance, economics, mathematics, or related fields; often CFA or CQF
Work EnvironmentFocus on risk management teams within financial institutions; regulatory complianceAnalytical roles within trading, investment, or banking divisions; model development
Employer & Industry UsageFinancial institutions, banks, asset managersInvestment firms, hedge funds, banks, financial services

The Model Risk Manager primarily oversees and mitigates risks associated with financial models, ensuring compliance and accuracy. In contrast, Quantitative Analysts develop and implement models to support trading, investment, or risk strategies. While both roles require strong quantitative skills and similar credentials, their focus areas differ—risk management versus model development and analysis.

What are popular job titles related to Model Risk Manager jobs in Indiana?

For Model Risk Manager jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Indiana look for?

The top searched job categories for Model Risk Manager jobs in Indiana are:

What cities in Indiana are hiring for Model Risk Manager jobs?

Cities in Indiana with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Indiana as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $106,153 per year, or $51 per hour.

Senior Risk Consultant - Construction

Elkhart, IN • On-site

Turner & Townsend
Construction • 10K+ employees
Learn more about Turner & Townsendexternal

Full-time

Re-posted 29 days ago

Key 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.

  • Develop and recommend strategies for mitigating identified risks, including insurance, contingency planning, contract management, and other proactive measures.

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 & Townsend are seeking a Senior Risk 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 at www.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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