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Model Risk Manager Jobs in Michigan (NOW HIRING)

Lead Security Architect

Lansing, MI · On-site

$75 - $95/hr

Model Risk Management * AI Governance and Security Controls Security Frameworks Experience with one or more of the following: * NIST Cybersecurity Framework (CSF) * NIST 800-53 * CIS Controls * Zero ...

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

Industry/Sector Not Applicable Specialism IFS - Risk & Quality (R&Q) Management Level Senior ... Modeling and reinforcing professional and technical standards, including the Firm's code of conduct ...

Deep knowledge of fair lending regulations, ECOA, and model risk management guidelines * Experience deploying Generative AI (LLMs) for synthetic data generation or automated credit memo summarization ...

Actuary

Lansing, MI · On-site

Creates and maintains model documentation in accordance with Jackson's Model Risk Management Policy, as needed. * Recommends and provides manager level review of changes to the coding and structure ...

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Showing results 1-20

Model Risk Manager information

See Michigan salary details

$44.9K

$97.2K

$148.2K

How much do model risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for model risk manager in Michigan is $97,232.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,400.00 and $112,400.00 per year, depending on experience, location, and employer.

What are some 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 the key skills and qualifications needed to thrive as a Model Risk Manager, and why are they important?

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 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 are the most commonly searched types of Model Risk jobs in Michigan? The most popular types of Model Risk jobs in Michigan are:
What cities in Michigan are hiring for Model Risk Manager jobs? Cities in Michigan with the most Model Risk Manager job openings:

Credit Review Team Leader - Consumer

Huntington

Detroit, MI • On-site, Remote

$93K - $189K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 28 days ago


Job description

Description

Summary:

The Credit Review Team Leader will report directly to the Credit Review Group Manager. The ideal candidate is a proven credit risk manager with an exceptional delivery track record within a demanding environment. They possess a detailed working knowledge of the methodologies and techniques for performing credit risk review engagements and continuous monitoring activities associated with a strong independent credit review and/or segment risk function.

Duties & Responsibilities:

  • Serve as the departmental subject matter expert in Consumer/Scored Commercial Credit Risk, including originations, portfolio-level monitoring, risk management, credit data analysis and general knowledge of lending support area practices impact on credit risk within the financial services industry. 
  • Develop and maintain working relationships with bank management, regulators, as well as with the broader Credit Review team to execute review responsibilities effectively and efficiently. 
  • Contribute to the development and execution of Credit Review’s annual and strategic plans, including the monitoring of annual plan progress, identification of required changes, adherence to engagement budget/staffing and post-exam follow-up on status of identified recommendations
  • Participate in the monitoring of credit-related risk throughout the Bank and the Holding Company including subsidiaries.  
  • Provide technical guidance for integrated CR engagements.  
  • As part of the respective credit risk focus area, develop and manage a credit review program which assesses the management framework in selecting, underwriting, and administering the direct and indirect credit risk inherent in products/services and related activities administered by business segments, assess adherence to policies and procedures and compliance with legal and regulatory requirements, and evaluate results to determine if issues exist and improvement recommendation are necessary. 
  • Coordinate with the management team on the development of credit review objectives and related procedures to address relevant credit risks. 
  • Contribute to the continuous improvement of Credit Review tools and methods.   
  • Identify and communicate emerging risk issues to enhance credit risk management practices across the enterprise.  
  • Through contribution to Credit Review leadership presentations, provide senior management and the Board of Directors with information regarding the identification, measurement, and management of credit risk for designated credit risk focus areas in the Consumer Lending segments.  
  • Represent Credit Review in risk meetings with business segments and affiliates, executive leadership, and the Board when necessary.  
  • Strong verbal and written communication skills, the ability to engage in difficult conversations, as well as ability to manage multiple engagements/projects simultaneously are essential to providing a strong, independent role when evaluating areas of the Bank and Holdco

Basic Qualifications:

  • Bachelor’s degree in Accounting, Finance, Economics, Business or related field.
  • 7+ or more years of progressively responsible experience in credit review, risk and/or credit risk management, portfolio monitoring, underwriting and/or analysis, including a management role.

Preferred Qualifications:

  • Strong working knowledge of risk and/or credit risk management and control frameworks.
  • Project management skills, ability to deliver high quality results while meet deadlines, department and personal goals
  • Prior Credit Review and/or risk officer experience in Consumer or Scored Commercial Lending areas.  
  • Technical accounting (GAAP) or financial statement analysis knowledge
  • Understanding of application of credit and behavioral models within a scored originations environment
  • Working knowledge of MS Access, Excel, Word and credit/statistical analysis tools
  • Conflict management experience

#LI-RP1


Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Compensation Range:

$93,000 - $189,000 USD Annual

The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). 

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.