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Model Risk Manager Jobs in Michigan (NOW HIRING)

Tenneco

Senior Manager, M&A

Northville, MI · On-site

Own defined transaction workstreams, including valuation, financial modeling, diligence ... Governance, Risk & Compliance * Manage the deal execution, providing centralized governance and ...

Denso

Director- Data Analytics and AI

Southfield, MI

$181K - $226K/yr

Experience establishing responsible AI, model risk management, and data ethics frameworks. Benefits Summary: * Medical, Dental, Vision, Prescription Drug plans * 401K with 4% Company Match * Vacation ...

Tenneco

Senior Manager, M&A

Northville, MI · On-site

Own defined transaction workstreams, including valuation, financial modeling, diligence ... Governance, Risk & Compliance * Manage the deal execution, providing centralized governance and ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

Strong analytical skills with advanced proficiency in financial modeling and data analysis. * Excellent understanding of insurance principles, risk management techniques, and financial reporting.

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

Strong analytical skills with advanced proficiency in financial modeling and data analysis. * Excellent understanding of insurance principles, risk management techniques, and financial reporting.

Huntington

Enterprise Architect (IT)

Detroit, MI · On-site +1

$68.25 - $88/hr

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

Select Minds LLC

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 ...

Huntington

Enterprise Architect (IT)

Detroit, MI · 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 ...

Denso

Director- Data Analytics and AI

Southfield, MI · On-site

$181K - $226K/yr

Experience establishing responsible AI, model risk management, and data ethics frameworks. Benefits Summary: * Medical, Dental, Vision, Prescription Drug plans * 401K with 4% Company Match * Vacation ...

Ford Motor Company

Supervisor-AI Specialist

Dearborn, MI · On-site

$115K - $218K/yr

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 ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Michigan

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 are popular job titles related to Model Risk Manager jobs in Michigan? For Model Risk Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Michigan look for? The top searched job categories for Model Risk Manager 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:
Model Risk Manager jobs near you
Actuary

Actuary

Jackson National Life Insurance Company

Lansing, MI • On-site

Full-time

Re-posted 27 days ago

Job description

If you are an internal associate, please login to Workday and apply through Jobs Hub.
Job Purpose
Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the development of actuarial models, databases, and methodologies.
Essential Responsibilities
  • Actively participates in or leads small team meetings, cross-functional team meetings and meetings with senior management.
  • Manages own time and works with manager to set priorities, set deadlines and share project status.
  • Communicates with peers, manager, and senior management orally and in writing, using such tools as email and Microsoft Teams.
  • Assists in communication with external parties.
  • Composes reports presenting analysis to senior management.
  • 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 of actuarial tools, as assigned.
  • Leads processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
  • Analyzes and validates actuarial output.
  • Develops improvements in methods and procedures as necessary to improve efficiency and controls.
  • Leads small team and cross-functional projects, creating project plans and assigning tasks.
  • Mentors junior associates on technical topics and trains them to perform processes.
  • Serves as an expert resource for selected areas of regulatory, professional, or technical knowledge.

Other Duties
  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities
  • Advanced knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
  • Advanced knowledge of one or more of insurance product lines (life, annuities).
  • Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). General understanding of at least one other key field of actuarial work.
  • Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, ALFA, etc.
  • Ability to train associates in the use of Jackson actuarial applications.
  • Ability to guide others in following processes and running actuarial models or programs.
  • Ability to effectively communicate with actuarial associates at all levels and across functional teams, as well as assist in communications with external parties, verbally and in written form.
  • Ability to write effective formal reports for senior actuarial management and for members of other functional teams.
  • Ability to lead and add value in cross-function team meetings.
  • Ability to work on multiple projects, meet deadlines, and prioritize work based on minimal guidance.
  • Ability to organize and lead projects.
  • Ability to perform manager level review of processes and implementations of changes to actuarial tools.

Qualifications
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
  • 5+ years actuarial experience and FSA or 8+ years actuarial experience and ASA required.
  • 7+ years actuarial experience and FSA or 10+ years actuarial experience and ASA preferred.
  • Life and annuity experience preferred.
  • Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) preferred.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

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