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

Deloitte

Financial Risk Senior Consultant

Detroit, MI

$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 ...

Corporate Services

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 ...

Deloitte

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 ...

Pwc

AI Governance Manager

Detroit, MI · On-site

$99K - $297K/yr

... model testing and validation, risk management, controls testing, or audit related to AI, analytics, or information systems, governance or compliance roles focused on AI, emerging technology, or ...

Deloitte

Manager - ServiceNow

Detroit, MI · On-site +1

... Risk Management workstreams in partnership with architects and product owners * Managing ... Orchestrating cross-functional teams and vendors across onshore and offshore models; aligning ...

MISIDE

Case Manager - School Based

Detroit, MI

$21 - $26/hr

Case management services, which include assessment of needs, referrals, linkage, coordination and ... models, risk and protective factors, and early-intervention strategies.

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

Model Risk Manager information

See Troy, MI salary details

$48.8K

$105.7K

$161.1K

How much do model risk manager jobs pay per year?

As of Jun 19, 2026, the average yearly pay for model risk manager in Troy, MI is $105,731.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,300.00 and $122,300.00 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 job categories do people searching Model Risk Manager jobs in Troy, MI look for? The top searched job categories for Model Risk Manager jobs in Troy, MI are:
What cities near Troy, MI are hiring for Model Risk Manager jobs? Cities near Troy, MI with the most Model Risk Manager job openings:
Model Risk Manager jobs near you
Senior IT Security Risk Analyst

Senior IT Security Risk Analyst

Amerisure Mutual Insurance Company

Farmington Hills, MI • On-site

Full-time

Medical, Retirement, PTO

Posted 10 days ago

Job description

Amerisure creates exceptional value for its partners, policyholders, and employees. As a property and casualty insurance company, Amerisure's promise to our partner agencies and policyholders begins with a comprehensive line of insurance products designed to protect businesses, as well as the health and safety of every employee. With an A.M. Best "A" (Excellent) rating, Amerisure serves mid-sized commercial enterprises focused in construction, manufacturing and healthcare. Ranked as one of the top 100 Property & Casualty companies in the United States, we proudly manage nearly $1 Billion of Direct Written Premium and maintain $1.21 billion in surplus.
Amerisure is currently recruiting for a Senior IT Security Risk Analyst that can do a 3-day hybrid approach onsite in our Farmington Hills office. The ideal candidate will also possess the following skill set.
Summary Statement
The Senior IT Security Risk Analyst is responsible for leading the organization's cybersecurity governance, risk, and compliance initiatives. This role drives the design, implementation, and continuous improvement of the IT risk program, ensuring alignment with regulatory requirements (e.g., New York State Department of Financial Services, NIST CSF) and business objectives.
Essential Tasks/Major Duties
  • Perform security risk assessments of third-party vendors including AI and mobile application reviews.
  • Lead the review, update, and communication of cybersecurity policies, standards, and procedures to ensure alignment with global frameworks (e.g., NIST CSF, NYDFS, NIS2, PCI DSS).
  • Lead and maintain the IT Risk Register including metrics which provides leadership an overall view of IT risk.
  • Perform risk assessments of IT risks.
  • Map regulations to policies and controls.
  • Create risk and compliance metrics for management and compliance purposes.
  • Perform control testing and validation to ensure proper control effectiveness.
  • Support IT audits and controls around Model Audit Rule (MAR).
  • Monitor threat intelligence to determine potential impact to environment and remediation urgency.
  • Support vulnerability management program, daily security operations and identity tasks as needed.
  • Be a key advisor to leadership, translating cybersecurity risk into business impact and enabling informed decision-making.

Knowledge, Skills & Abilities
  • Bachelor's degree or equivalent combination of education and experience.
  • 5 years cybersecurity experience.
  • Advanced Cyber Risk Management domain specific professional certification required: Certified Information Systems Security Professional (CISSP); Certified Information Security Manager (CISM); Certified in Risk and Information Systems Control (CRISC); Certified Cloud Security Professional (CCSP); AWS Certified Security.
  • 2 years experience performing IT security control testing.
  • Experience reviewing SOC 2 Type 1 and Type 2 reports to articulate potential security risk.
  • Expertise in conducting third-party cyber risk assessments.
  • Proficient in NIST security domain frameworks and architectures.
  • Experience in Logicgate or another GRC tool.
  • Experience using AI driven tools to enhance automation and operational efficiency.
  • Ability to quickly diagnose security control problems and propose/implement solutions.
  • Clear and concise articulation of risk to both technical peers and non-technical stakeholders.
  • Partner with IT teams, developers, and business leaders to support security initiatives, and mentor and develop members of the security team.
  • Analyze data and security trends to anticipate and assess potential threats.
  • Stay current with regulations, evolving threats, technologies, and security protocols.

#LI-BR1
Just as we are committed to creating exceptional value for our Partners For Success® agencies and policyholders, Amerisure also remains committed to being an employer of choice. We reinforce this commitment by adhering to an Employee Value Proposition that, in part, is provided through a competitive total rewards package. This package includes competitive base pay, performance-based incentive pay, comprehensive health and welfare benefits, a 401(k) savings plan with profit sharing, and generous paid time off programs. We also offer flexible work arrangements to promote work-life balance. Recognized as one of the Best and Brightest® Companies to Work For in the Nation and one of Business Insurance magazine's Best Places to Work in Insurance, we provide a workplace that fosters excellence and professional growth. If you are looking for a collaborative and rewarding career, Amerisure is looking for you.
Amerisure Mutual Insurance Company is an Equal Employment Opportunity employer. Amerisure provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (to include sexual orientation and gender identity), national origin, age, disability, genetic information, veteran status, or any other protected characteristic under applicable federal, state, or local laws. Amerisure complies with all applicable laws governing nondiscrimination in employment in all locations where the company operates. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Amerisure prohibits harassment or discrimination of any kind and is committed to maintaining a workplace free from unlawful harassment or discrimination. Amerisure prohibits retaliation against anyone who reports discrimination, participates in an investigation, or opposes unlawful practices. Any improper interference with an employee's ability to perform their job duties may result in disciplinary action, up to and including termination.

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