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Model Validation Jobs in Illinois (NOW HIRING)

In this highly visible role, you will support application-stage model development, validation, documentation, and technical inputs for utility-scale wind, solar, BESS, and gas projects. The role will ...

Direct and actively participate in all stages of model development from data collection, model building, model validation, testing, calibration, and documentation. * Lead modelers and analysts in the ...

Direct and actively participate in all stages of model development from data collection, model building, model validation, testing, calibration, and documentation. * Lead modelers and analysts in the ...

Quantitative Modeler Manager - AML

Chicago, IL

$56.50 - $73.25/hr

Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program. * Ongoing model monitoring in ...

Develop Matlab/Simulink models for the applications to load in dSPACE. Validation of software on dSPACE HIL bench Develop test reports for the tests executed. Datalink files analysis for issues ...

Avp, Credit Model Development

Chicago, IL · On-site

$100 - $170/hr

Partner with Model Risk Management on model validations, annual reviews, and ongoing assessments. * Analyze model performance and explain model behavior to business stakeholders. * Utilize advanced ...

Showing results 21-40

Model Validation information

See Illinois salary details

$21

$50

$75

How much do model validation jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for model validation in Illinois is $50.39, according to ZipRecruiter salary data. Most workers in this role earn between $38.22 and $61.25 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the model validation position, and why are they important?

To thrive as a Model Validation professional, you need strong quantitative, statistical, and analytical skills, often supported by a degree in mathematics, statistics, finance, or a related field. Proficiency with programming languages such as Python or R, statistical modeling software, and familiarity with regulatory guidelines like SR 11-7 or CCAR is essential. Outstanding attention to detail, problem-solving abilities, and clear communication are valuable soft skills in this role. These competencies are crucial for rigorously assessing complex models, documenting findings, and collaborating effectively with model developers and risk management teams.

What is a model validation?

A Model Validation job involves assessing and verifying the accuracy, reliability, and performance of mathematical and statistical models used in finance, risk management, or other industries. Professionals in this role conduct independent testing, evaluate assumptions, and ensure models comply with regulatory and internal standards. They identify weaknesses, suggest improvements, and help mitigate potential risks associated with model usage. Model validators often work with machine learning models, credit risk models, or trading algorithms, depending on the industry.

What are some common challenges faced by professionals in model validation roles?

One common challenge in Model Validation is staying up-to-date with evolving regulatory requirements and industry best practices, which can impact how models should be tested and documented. Model validators often work with highly complex financial or risk models, requiring strong analytical skills to assess underlying assumptions and potential risks. Additionally, balancing the need for thoroughness with tight deadlines and collaborating with model developers to address issues can be demanding. However, overcoming these challenges offers valuable opportunities to build expertise, work cross-functionally, and play a critical role in ensuring the integrity and reliability of key business decisions.

What are the most commonly searched types of Model Validation jobs in Illinois? The most popular types of Model Validation jobs in Illinois are:
What are popular job titles related to Model Validation jobs in Illinois? For Model Validation jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Model Validation jobs in Illinois look for? The top searched job categories for Model Validation jobs in Illinois are:
What cities in Illinois are hiring for Model Validation jobs? Cities in Illinois with the most Model Validation job openings:
Infographic showing various Model Validation job openings in Illinois as of August 2026, with employment types broken down into 50% Full Time, 38% Part Time, 6% Contract, and 6% Nights. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $104,802 per year, or $50.4 per hour.

Grid Modeling Manager

RWE

Chicago, IL

Full-time

PTO

Re-posted 14 days ago


Job description

RWE Supply & Trading Americas, LLC,  Austin, Chicago

To start as soon as possible, full time, permanent

Functional area: Commercial / Trading 

Your future plans

RWE is seeking a technically strong, and motivated (Senior) Grid Modeling Manager to support the development, validation, and maintenance of electrical models across RWE's multi-GW renewable energy portfolio. In this highly visible role, you will support application-stage model development, validation, documentation, and technical inputs for utility-scale wind, solar, BESS, and gas projects. The role will focus on internal preparation of modeling packages and high-level design inputs, while coordinating with consultants for specialized PSCAD, TSAT, EMT, benchmarking, and model tuning work.

Responsibilities

The successful candidate will lead modeling package development for ISO/RTO queue submissions, support project design and compliance activities, and work closely with Engineering, OEMs, consultants, utilities, ISOs/RTOs, and internal teams.

  • Lead and support preparation of ISO/RTO interconnection modeling packages, including application data, PSSE inputs, DYR files, single-line diagrams, equipment assumptions, and related technical documentation.
  • Have a general understanding of PSCAD, TSAT, and PSSE benchmarking terminology and workflows, with the ability to coordinate consultant-led studies, understand key deliverables, and support review of results without requiring hands-on model tuning experience.
  • Develop, maintain, validate, and document electrical models for utility-scale wind, solar, BESS, and gas projects, with a focus on PSSE models and interconnection application requirements.
  • Prepare and review basic plant representation, inverter selection and sizing assumptions, impedance calculations, transformer assumptions, collector system assumptions, and steady-state inverter modeling inputs.
  • Support short-circuit and ASPEN One-liner model development or review where applicable.
  • Review consultant outputs for reasonableness, completeness, and alignment with project assumptions, ISO/RTO requirements, and RWE's development strategy.
  • Resolve ISO/RTO modeling deficiencies and support updates related to queue applications, material modification requests, design changes, and project reconfigurations.
  • Understand, track, and interpret evolving grid code and modeling requirements, including NERC, ISO/RTO, IEEE 2800-2022, and P2800.2 requirements related to inverter-based resources.
  • Develop and improve internal modeling standards, quality-control practices, documentation
    templates, and repeatable study workflows.
  • Cross-train and mentor junior engineers and transmission team members on modeling practices, application package preparation, power system fundamentals, and ISO/RTO modeling expectations.

Your powerful skills

  • Bachelor's degree in Electrical Engineering, Power Systems, or a related field; Master's degree preferred.
  • Minimum of five (5) years of relevant experience in power systems modeling, model development, interconnection support, or grid compliance for utility-scale generation projects.
  • Proficiency with PSSE, ASPEN One-liner, and related interconnection modeling inputs.
  • Experience preparing or supporting interconnection queue application packages, including model files, single-line diagrams, application data, equipment assumptions, and deficiency responses.
  • Strong understanding of ISO/RTO modeling and interconnection requirements in MISO, PJM, SPP, NYISO, and SERC regions.
  • Experience preparing interconnection queue packages and resolving ISO/RTO modeling deficiencies.
  • Experience with utility-scale solar, wind, BESS, and gas projects, including IBR behavior, PSS/E DYR files, UDM/generic models, model validation, and dynamic, short-circuit, reactive power, EMT, and material modification studies.
  • Experience with single-line diagrams, impedance calculations, equipment assumptions, transformer assumptions, high-level design support, application data preparation, and steady-state inverter modeling.
  • Ability to manage multiple priorities in a fast-paced and challenging environment.
  • Strong written and verbal communication skills, including the ability to explain technical modeling issues to project development, engineering, transmission, and management teams.

Advantageous, but not essential

  • Professional Engineer (PE) license in one or more states.
  • In-depth hands-on experience with PSCAD, TSAT, and PSSE benchmarking, model tuning, dynamic model validation, EMT studies, and cross-tool result comparison.
  • PhD in Power Systems, Electrical Engineering, or related field.
  • Automation, agentic coding, scripting, including Python, VBA, or similar tools.
  • Experience with additional industry tools such as PSLF, TARA, AutoCAD, or other modeling/design platforms.
  • Experience participating in ISO/RTO stakeholder processes, technical working groups, or grid code reform discussions.

What we value most is passion, willingness to learn, and a determined and resilient work ethic. So, even if you think you do not yet display all of the skills above, we would still like to hear from you.

Your benefits 

We know the work can be intense, especially during ISO deadlines, study reviews, deficiencies, and major project milestones. We truly appreciate team members who step up, stay engaged, and bring strong judgment when it matters most. At RWE Supply & Trading, you will join a collaborative, supportive, and growing team working on critical transmission, interconnection, and grid integration challenges across a multi-GW clean energy portfolio.

  • Generous paid time off and a competitive parental leave policy.
  • Opportunity to collaborate with international teams across time zones and markets.
  • An inclusive culture that values technical expertise and teamwork.
  • Opportunity to collaborate with diverse and multicultural teams across global markets while directly supporting clean energy growth and project success in a dynamic, rapidly growing business.
  • Salary range: $150,000 - $205,000

rwe.com/career

Apply now with just a few clicks: ad code 92850

Any questions? Patrycja Muszynski, patrycja.muszynski@rwe.com (Recruiting)

We look forward to meeting you!

We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity. #inclusionmatters

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 1,700 employees from over 50 different countries trade (renewable) electricity, (green) gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from renewables.