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Model Risk Manager Jobs in Lincoln Park, MI (NOW HIRING)

Contribute to pricing governance, model risk management, and audit-ready documentation standards. Required Qualifications * Fellow of the Society of Actuaries (FSA) * 5+ years of actuarial experience ...

Actuary

Livonia, MI · On-site +1

Contribute to pricing governance, model risk management, and audit-ready documentation standards. Qualifications Required Qualifications * Fellow of the Society of Actuaries (FSA) * 5+ years of ...

Actuary

Livonia, MI · On-site +1

Contribute to pricing governance, model risk management, and audit-ready documentation standards. Qualifications Required Qualifications * Fellow of the Society of Actuaries (FSA) * 5+ years of ...

Actuary

Livonia, MI · On-site

$140 - $210/hr

Contribute to pricing governance, model risk management, and audit-ready documentation standards. Qualifications Required Qualifications * Fellow of the Society of Actuaries (FSA) * 5+ years of ...

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 ...

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 ...

Showing results 21-40

Model Risk Manager information

See Lincoln Park, MI salary details

$47.1K

$102K

$155.4K

How much do model risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for model risk manager in Lincoln Park, MI is $101,974.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,300.00 and $117,900.00 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 cities near Lincoln Park, MI are hiring for Model Risk Manager jobs?

Cities near Lincoln Park, MI with the most Model Risk Manager job openings:

R&I Independence Technology Team (ITT) Senior Manager

Pwc

Detroit, MI • On-site

$91K - $321K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago


PwC rating

8.3

Company rating: 8.3 out of 10

Based on 76 frontline employees who took The Breakroom Quiz

26th of 72 rated business consultants


Job description

Industry/Sector

Not Applicable

Specialism

IFS - Risk & Quality (R&Q)

Management Level

Senior Manager

Job Description & Summary

The Opportunity
As a Senior Manager in the R&I Independence Technology Team (ITT), you will play a pivotal role in maintaining regulatory compliance and managing risks for clients, providing advice and solutions. Within our Internal Firm Services practice, you will focus on identifying and mitigating potential risks that could impact an organization's operations and objectives. You will be responsible for developing business strategies to effectively manage and navigate risks in a rapidly changing business environment.
As a Senior Manager, you will leverage your skills and professional network to deliver quality results. You will motivate and coach others, coming together to solve complex problems. With increased autonomy, you will apply sound judgment, recognizing when to take action and when to escalate. Your ability to develop and sustain high-performing, diverse, and inclusive teams, and your commitment to excellence, contributes to the success of our firm.
In this role, you will craft and convey clear, impactful messages that tell a holistic story. You will apply systems thinking to identify underlying problems and opportunities, validate outcomes with stakeholders, and share alternative perspectives. Your leadership will guide the team through complexity, demonstrating composure through ambiguous, challenging, and uncertain situations.
Responsibilities
- Leading enterprise risk management initiatives to identify and mitigate potential risks impacting organizational operations and objectives
- Developing business strategies to effectively manage risks in a rapidly changing environment
- Applying analytical thinking to assess business risk and implement mitigation measures
- Crafting and conveying clear, impactful messages that tell a holistic story to stakeholders
- Directing teams through complex situations, demonstrating composure and strategic questioning
- Validating outcomes with stakeholders and acting on feedback to improve risk management processes
- Modeling and reinforcing professional and technical standards, including the Firm's code of conduct and independence requirements
- Initiating open and honest coaching conversations to develop high-performing, diverse, and inclusive teams
- Utilizing business process improvement techniques to enhance internal controls and regulatory compliance
- Building relationships with business leaders to identify and address risk challenges effectively
What You Must Have
- At least a High School Diploma or the equivalent degree
- At least 6 years of experience
What Sets You Apart
- Preference for at least one of the following fields of study: Accounting, Business Administration/Management, Computer Science/Information Systems, Cybersecurity, Finance, Risk Management/Insurance
- Demonstrating advanced skills in Enterprise Risk Management (ERM)
- Utilizing Business Process Improvement techniques to drive results
- Applying systems thinking to identify underlying problems and opportunities
- Excelling in contract negotiation and contractual risk mitigation
- Leading teams through complexity with composure and strategic questioning
- Developing and sustaining diverse and inclusive high-performing teams

Travel Requirements

Up to 20%

Job Posting End Date

The salary range for this position is: $91,000 - $321,500. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glanceAs PwC is anequal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.Learn more about how we work: https://pwc.to/how-we-workFor only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.Applications will be accepted until the position is filled or the posting is removed, unless otherwise set forth on the following webpage. Please visit this link for information about anticipated application deadlines: https://pwc.to/us-application-deadlines

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