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

Financial Risk Senior Consultant

Detroit, MI · On-site

$115K/yr

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

Finance Manager

Troy, MI · On-site

$113K/yr

... price modeling, risk mitigation, data analysis, budget development, and accounting software to perform duties; effectively multitasks and manage multiple projects and assignments occurring at the ...

Cyber Manager - ServiceNow

Detroit, MI · On-site

$109K - $148K/yr

... Risk Management workstreams in partnership with architects and product owners • Managing ... and offshore models; aligning resources and mitigating delivery risks, blockers, and ...

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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 Jun 19, 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:
Software Engineering Manager-AI/ML

Software Engineering Manager-AI/ML

KLA Corporation

Ann Arbor, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago


Job description

Company Overview

KLA is a global leader in diversified electronics for the semiconductor manufacturing ecosystem. Virtually every electronic device in the world is produced using our technologies. No laptop, smartphone, wearable device, voice-controlled gadget, flexible screen, VR device or smart car would have made it into your hands without us. KLA invents systems and solutions for the manufacturing of wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. The innovative ideas and devices that are advancing humanity all begin with inspiration, research and development. KLA focuses more than average on innovation and we invest 15% of sales back into R&D. Our expert teams of physicists, engineers, data scientists and problem-solvers work together with the world's leading technology providers to accelerate the delivery of tomorrow's electronic devices. Life here is exciting and our teams thrive on tackling really hard problems. There is never a dull moment with us.

Group/Division

The Information Technology (IT) group at KLA is involved in every aspect of the global business. IT's mission is to enable business growth and productivity by connecting people, process, and technology. It focuses not only on enhancing the technology that enables our business to thrive but also on how employees use and are empowered by technology. This integrated approach to customer service, creativity and technological excellence enables employee productivity, business analytics, and process excellence.

Job Description/Preferred Qualifications

The AI Manager leads a team of engineers delivering AI enabled products and platforms that drive measurable business outcomes. This role combines people leadership, technical oversight, and delivery accountability, ensuring AI solutions are built responsibly, operate reliably in production, and align with enterprise priorities. The manager partners closely with product, data, platform, security, and business stakeholders to translate opportunities into scalable AI solutions.

Key Responsibilities

  • Manage and grow a team of AI engineers, ML engineers, and/or software engineers working on AI initiatives.

  • Set clear goals, expectations, and success metrics; conduct regular 1:1s, performance reviews, and career development planning.

  • Coach team members on technical excellence, delivery discipline, and responsible AI practices.

  • Own delivery of AI and GenAI initiatives from concept through production, ensuring scope, timelines, and quality standards are met.

  • Guide teams in building productiongrade AI systems, including data pipelines, model training, LLM applications, deployment, and monitoring.

  • Balance experimentation with operational rigor-ensuring solutions are scalable, secure, and supportable.

  • Provide architectural and design guidance for:

    • ML pipelines and model lifecycle management

    • LLM applications (e.g., RAG, agents, copilots, tool/function calling)

    • Integration of AI services into enterprise applications

  • Review designs and key technical decisions; ensure alignment with platform standards and best practices.

  • Partner with data, cloud, and platform teams to ensure AI solutions align with enterprise architecture.

  • Collaborate with security, legal, and governance teams to ensure responsible AI, privacy, and compliance requirements are met.

  • Communicate status, risks, and outcomes clearly to leadership and stakeholders.

  • Ensure AI systems meet standards for reliability, monitoring, cost management, and incident response.

  • Establish guardrails for responsible AI: data privacy, model risk, transparency, bias awareness, and auditability.

  • Drive continuous improvement through retrospectives, metrics, and adoption of best practices.

Preferred / Nice to Have
  • Experience managing teams building LLMbased applications or GenAI platforms.

  • Familiarity with cloud platforms (e.g., Azure, AWS, or GCP) and modern data stacks.

  • Exposure to MLOps practices, model monitoring, and AI governance frameworks.

  • Experience delivering AI solutions in enterprise domains such as manufacturing, supply chain, finance, or customer operations.

Core Competencies

  • People Leadership: coaching, feedback, performance management, hiring

  • AI Delivery: ML lifecycle, LLM applications, production readiness

  • Technical Judgment: architecture reviews, tradeoff decisions

  • Execution: roadmap planning, dependency management, risk mitigation

  • Collaboration: product partnership, stakeholder communication

  • Responsible AI: security, privacy, governance awareness

Minimum Qualifications

  • Bachelor's degree in Computer Science, Engineering, or related field (or equivalent experience).

  • 10+ years of experience in software engineering, ML/AI engineering, or applied data roles.

  • 4+ years of people management experience leading technical teams.

  • Strong understanding of AI/ML systems and how they are built, deployed, and operated in production.

  • Handson background with modern engineering practices (APIs, CI/CD, testing, observability).

  • Ability to communicate effectively with both technical and nontechnical stakeholders.

Base Pay Range: $114,100.00 - $194,000.00 AnnuallyPrimary Location: USA-MI-Ann Arbor-KLAKLA's total rewards package for employees may also include participation in performance incentive programs and eligibility for additional benefits including but not limited to: medical, dental, vision, life, and other voluntary benefits, 401(K) including company matching, employee stock purchase program (ESPP), student debt assistance, tuition reimbursement program, development and career growth opportunities and programs, financial planning benefits, wellness benefits including an employee assistance program (EAP), paid time off and paid company holidays, and family care and bonding leave.

Interns are eligible for some of the benefits listed. Our pay ranges are determined by role, level, and location. The range displayed reflects the pay for this position in the primary location identified in this posting. Actual pay depends on several factors, including state minimum pay wage rates, location, job-related skills, experience, and relevant education level or training. We are committed to complying with all applicable federal and state minimum wage requirements where applicable. If applicable, your recruiter can share more about the specific pay range for your preferred location during the hiring process.

KLA is proud to be an Equal Opportunity Employer. We will ensure that qualified individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us attalent.acquisition@kla.com or at +1-408-352-2808 to request accommodation.

Be aware of potentially fraudulent job postings or suspicious recruiting activity by persons that are currently posing as KLA employees. KLA never asks for any financial compensation to be considered for an interview, to become an employee, or for equipment. Further, KLA does not work with any recruiters or third parties who charge such fees either directly or on behalf of KLA. Please ensure that you have searched KLA's Careers website for legitimate job postings. KLA follows a recruiting process that involves multiple interviews in person or on video conferencing with our hiring managers. If you are concerned that a communication, an interview, an offer of employment, or that an employee is not legitimate, please send an email to talent.acquisition@kla.com to confirm the person you are communicating with is an employee. We take your privacy very seriously and confidentially handle your information.