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Model Risk Manager Jobs in River Forest, IL (NOW HIRING)

... models • Experience working with cross-functional stakeholders such as Human Resources, Legal ... Risk Measure Management Measures of Effectiveness, Certified Information Systems Security ...

Quantitative Modeler Manager - AML

Chicago, IL · On-site

$56.50 - $73.25/hr

S. Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address ... Management, internal audit and quality assurance functions, business partners, and regulators.

Sr. Quantitative Finance Manager

Chicago, IL · On-site

$112K - $153K/yr

Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite * Leads and provides ...

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership AI Risk & Audit Partnership * Act as primary ...

AI Risk & Controls Lead

Chicago, IL · On-site

$137K - $233K/yr

Oversee AI model inventory, classification, and lifecycle management * Define and enforce model ... Provide risk dashboards and reporting to leadership 🔹 AI Risk & Audit Partnership * Act as ...

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/yr

Swiss Re uses a hybrid work model requiring at least three days in the office each week. This ... A background in a Clinical Risk Management position is encouraged but will consider qualified ...

Regulatory & Financial Risk - Senior Manager - Model Validation Our Deloitte Regulatory, Risk & Forensic team helps client leaders translate multifaceted risk and an evolving regulatory environment ...

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

Design and oversee margin model validation, stress testing, and back-testing programs. * Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop position ...

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Design and oversee margin model validation, stress testing, and back-testing programs. * Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop position ...

TheERP Risk and Automation Services (ERAS) Consulting practice,assistswith various consulting ... Model RSM's core values: caring, curious, collaborative, courageous, and critical thinking * Manage ...

New

AI Program Manager

Chicago, IL · On-site

$54.09 - $64.09/hr

Ensure Responsible AI governance: data privacy controls, model risk management, bias fairness checks, explainability, human-in-the-loop processes * Drive readiness for production support (runbooks ...

Showing results 41-60

Model Risk Manager information

See River Forest, IL salary details

$49.8K

$107.9K

$164.5K

How much do model risk manager jobs pay per year?

As of Aug 22, 2026, the average yearly pay for model risk manager in River Forest, IL is $107,933.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,100.00 and $124,800.00 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 River Forest, IL are hiring for Model Risk Manager jobs?

Cities near River Forest, IL with the most Model Risk Manager job openings:

Infographic showing various Model Risk Manager job openings in River Forest, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $107,933 per year, or $51.9 per hour.

Cyber Insider Risk Manager

Deloitte

Chicago, IL • On-site

Full-time

Re-posted 17 days ago


Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 92 frontline employees who took The Breakroom Quiz

45th of 151 rated financial services


Job description

Cyber Defense & Resilience - Insider Risk Manager
Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? If so, Deloitte & Touche LLP could be the place for you. Traditional security and integrated risk programs have often been unsuccessful in unifying the need to both secure, automate and support technology innovation required by the business.
Recruiting for this role ends on 12/31/2026.
Work you'll do
As an Insider Risk Manager on the Cyber team, you will be responsible for:
• Developing comprehensive strategies for insider risk programs, including program assessments and roadmaps, using Deloitte's Insider Risk capability framework and industry practices
• Assisting in the operation of client insider risk programs, overseeing a dedicated team of investigators in the triage, analysis, investigation, and remediation of insider risk-related inquiries
• Leading client workshops, interviews, and process walkthroughs with cross-functional stakeholders, including Human Resources, Legal, Privacy, and Security, to document business processes, goals, and program requirements
• Aligning insider risk indicator and policy development with business needs and industry-leading standards, frameworks, and practices, including the CERT Insider Threat Framework, National Insider Threat Task Force guidelines, and MITRE ATT&CK for Enterprise
• Designing and implementing insider risk detection use cases, monitoring processes, and escalation workflows using Security Information and Event Management, User and Entity Behavior Analytics, and Data Loss Prevention capabilities
• Evaluating insider risk scenarios, high-risk user groups, and crown jewel assets to help clients prioritize and deploy monitoring, detection, response, and program management capabilities
A successful candidate would possess these skills:
• Ability to work independently and collaborate as part of a team
• Effective written and verbal communication skills
• Meticulous attention to detail and quality of work product
• Ability to build and sustain professional relationships
• Ability to lead projects or workstreams
• Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
• Strong interpersonal skills and professional demeanor
• Ability to meet deadlines
• Ability to mentor and provide clear guidance to others
The team
Deloitte's Cyber team helps complex organizations more confidently pursue their growth, innovation and performance agendas through proactive management of the associated business and cyber risks. Our professionals provide advisory and implementation services that integrate risk, regulatory, and technology skills to help clients transform their legacy programs. We work across a variety of different risk and compliance programs that extend well beyond Cyber Risk. Learn more about Deloitte Advisory's Cyber Risk Services practice.
Qualifications
Required:
• 6+ years of experience in insider risk, security operations, investigations, compliance, data protection, or enterprise risk management
• 2+ years of experience managing an insider risk program or conducting insider risk investigations and monitoring insider risk behaviors
• Experience using Security Information and Event Management, User and Entity Behavior Analytics, and Data Loss Prevention tools to support insider risk operations
• Experience developing insider risk procedures, playbooks, workflows, metrics, or governance models
• Experience working with cross-functional stakeholders such as Human Resources, Legal, Privacy, Ethics, or Security
• Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve
• Limited immigration sponsorship may be available.
Preferred:
• Bachelor's degree or equivalent experience
• Experience in consulting or professional services
• Experience responding to and recovering from cybersecurity incidents
• Hands-on experience configuring, tuning, and operationalizing UEBA and/or User Activity Monitoring (UAM) platforms to support insider risk detection (e.g., Splunk UEBA, Proofpoint ITM, Microsoft Purview IRM, etc.)
• Hands-on experience with at least one Data Loss Prevention solution such as Microsoft Purview, Proofpoint DLP, or Zscaler DLP
• One or more of the following certifications: CERT Insider Threat Program Manager Certificate, CERT Insider Threat Analyst, CERT Insider Risk Measure Management Measures of Effectiveness, Certified Information Systems Security Professional, Certified Information Privacy Professional, Certified Information Security Manager, or Certified Information Systems Auditor
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $134,500 to $265,100.
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.
#CyberCDR27
Deloitte is committed to providing reasonable accommodations for people with disabilities. If you require a reasonable accommodation to participate in the recruiting process, please direct your inquiries to the Global Call Center (GCC) at USTalentCICInbox@deloitte.com.
Recruiting tips
From developing a stand out resume to putting your best foot forward in the interview, we want you to feel prepared and confident as you explore opportunities at Deloitte. Check out recruiting tips from Deloitte recruiters.
Our people and culture
Our inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ways of thinking, ideas, and perspectives, and bring more creativity and innovation to help solve our clients' most complex challenges. This makes Deloitte one of the most rewarding places to work.
Our purpose
Deloitte's purpose is to make an impact that matters for our people, clients, and communities. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. Our purpose comes through in our work with clients that enables impact and value in their organizations, as well as through our own investments, commitments, and actions across areas that help drive positive outcomes for our communities. Learn more.
Professional development
From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
As used in this posting, "Deloitte" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.
Qualified applicants with criminal histories, including arrest or conviction records, will be considered for employment in accordance with the requirements of applicable state and local laws, including the Los Angeles County Fair Chance Ordinance for Employers, City of Los Angeles's Fair Chance Initiative for Hiring Ordinance, San Francisco Fair Chance Ordinance, and the California Fair Chance Act. See notices of various fair chance hiring and ban-the-box laws where available. Fair Chance Hiring and Ban-the-Box Notices | Deloitte US Careers
Requisition code: 359160
Job ID 359160

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