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Model Risk Manager Jobs in Detroit, MI (NOW HIRING)

Pwc

Senior Manager, Internal Investigations

Detroit, MI · On-site

$91K - $321K/yr

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 ...

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 ...

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 ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Detroit, MI

Model Risk Manager information

See Detroit, MI salary details

$51K

$110.4K

$168.3K

How much do model risk manager jobs pay per year?

As of Jul 9, 2026, the average yearly pay for model risk manager in Detroit, MI is $110,436.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,100.00 and $127,700.00 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 popular job titles related to Model Risk Manager jobs in Detroit, MI? For Model Risk Manager jobs in Detroit, MI, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Detroit, MI look for? The top searched job categories for Model Risk Manager jobs in Detroit, MI are:
What cities near Detroit, MI are hiring for Model Risk Manager jobs? Cities near Detroit, MI with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Risk Management Specialist (Controlled Insurance Program)

Risk Management Specialist (Controlled Insurance Program)

Walbridge

Detroit, MI • On-site

Other

Re-posted 5 days ago

Walbridge rating

8.3

Company rating: 8.3 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Overview
The Opportunity
As the Risk Management Specialist, you will be responsible for strategic oversight, internal coordination, and financial performance of Walbridge's Controlled Insurance Program (CIP) and compliance with the requirements of Owner Controlled Insurance Programs the enterprise is enrolled in. This role serves as the primary point of accountability for CIP administration, working closely with executive leadership, including the CFO and General Counsel, to ensure effective program governance, compliance, cost control, and alignment with project delivery and business development objectives.
This position is ideal for a risk management professional with strong financial acumen who thrives in a cross-functional, project-driven environment and can translate complex insurance and financial data into clear, actionable insights for project teams and leadership.
Location
You will work from our Enterprise headquarters in Detroit, MI
Responsibilities
Your Key Responsibilities
CCIP Governance & Oversight
  • Serve as the internal point of accountability for all CCIP projects.
  • Oversee broker and program administrator execution of contractor enrollment, payroll tracking, compliance, reporting, and closeout activities.
  • Review and validate CCIP processes, controls, and deliverables to ensure accuracy, timeliness, and contractual compliance.
  • Identify, escalate, and resolve program issues impacting project teams, subcontractors, or financial performance.

Program Administration Oversight
  • Ensure proper setup of CCIP projects, including scope definition, eligibility requirements, and coordination of kick-off and pre-bid meetings.
  • Review enrollment metrics, bid deduct processes, payroll submissions, and certificate issuance for completeness and consistency.
  • Monitor subcontractor compliance trends and direct corrective actions as needed.
  • Oversee renewals, reporting, and subcontractor closeout activities.

Financial Management, Forecasting & Analytics
  • Develop and maintain CCIP financial models, including enrollment assumptions, payroll projections, loss forecasts, and overall program cost tracking.
  • Monitor CCIP performance against budget and forecast, identifying financial risks and opportunities.
  • Coordinate with Finance, Project Controls, and brokers to reconcile CCIP costs, credits, and allocations.
  • Support internal audits and leadership reporting related to CCIP financial performance.

Internal & External Coordination
  • Act as the primary liaison between project teams, executive leadership, insurance brokers, program administrators, and carriers.
  • Provide training and guidance to Project Executives, Project Managers, and Estimating teams on CCIP requirements, processes, and responsibilities.
  • Ensure consistent communication practices and documentation standards across all CCIP projects.

Qualifications
To Qualify for the Role, You Must Have
  • Bachelor's degree in Risk Management, Finance, Construction Management, Business, or a related field, or equivalent experience.
  • 5+ years of experience in construction risk management, insurance programs, or wrap-up administration.
  • Direct experience with CCIPs and/or OCIPs, including enrollment, payroll, and compliance processes.
  • Strong financial acumen with experience in forecasting, budgeting, and cost analysis.
  • Demonstrated ability to oversee third-party administrators, brokers, and professional service providers.
  • Valid driver's license required.

Ideally, You'll Also Have
  • Experience working for a General Contractor, large construction manager, or owner.
  • Familiarity with wrap-up administration platforms and insurance reporting tools.
  • Experience supporting CCIP-related sales efforts or project pursuit activities.

Why Join Us
  • Play a critical role in the strategic oversight and financial performance of enterprise insurance programs.
  • Partner closely with executive leadership, project teams, and external stakeholders
  • Contribute to risk management excellence across complex, high-impact construction projects.
  • Be part of a collaborative, values-driven organization committed to continuous improvement.

Excited to make an impact? Apply now by clicking the "Apply" button below! We can't wait to hear from you!
EEO/AA Employer M/F/D/V
Walbridge is an equal opportunity employer committed to fostering a diverse and inclusive workforce. We provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other legally protected status.

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