Operational Risk Management Jobs in Chicago, IL (NOW HIRING)

Candidates local to NYC are preferred that can go into the office. We are seeking an experienced Manager, Model Risk Management to support a large global bank's Risk Technology organization. This role will focus on model governance, model inventory oversight, independent model validation, ongoing performance monitoring, and regulatory compliance. The ideal candidate will possess a strong understanding of Model Risk Management frameworks and regulatory expectations, with the ability to influence stakeholders across Risk, Technology, Compliance, and Business teams.

• Maintain and oversee the enterprise model inventory, including model classification, ownership, lifecycle management, and governance compliance.
• Lead oversight of independent model validation activities, ensuring models are appropriately tested, challenged, documented, and approved prior to implementation.
• Monitor model performance, validation findings, and control issues, driving remediation efforts through timely resolution and escalation where appropriate.
• Assess and oversee third‑party and vendor‑provided models, including review of vendor methodologies, documentation, assumptions, controls, and validation evidence.
• Support model risk tiering activities and risk‑based governance decisions, ensuring controls are commensurate with model complexity, materiality, and risk exposure.
• Partner with model owners, validators, risk managers, and business stakeholders to strengthen model governance and maintain compliance with internal policies and regulatory requirements.
• Produce clear and concise governance documentation, reporting, and presentations for senior management, risk committees, audit, and regulatory review.

• 7+ years of experience in Model Risk Management, Model Governance, Model Validation, Quantitative Risk, or Enterprise Risk Management within banking or financial services.
• Strong knowledge of Model Risk Management regulatory guidance, including SR11‑7, SR26‑2, and related supervisory expectations.
• Hands‑on experience with model inventory management, model governance, validation oversight, performance monitoring, and model risk assessments.
• Experience reviewing and challenging model documentation, validation reports, remediation plans, and vendor model submissions.
• Strong understanding of model lifecycle governance and risk‑based control frameworks.
• Proven ability to manage and influence stakeholders across multiple functional areas.
• Excellent analytical, documentation, communication, and presentation skills.

• Experience supporting a large global banking institution.
• Exposure to regulatory exams, Internal Audit, or enterprise risk governance functions.
• Experience overseeing third‑party or vendor model governance programs.
• Background supporting risk, finance, treasury, AML, market risk, credit risk, or operational risk models.

Everforth Apex is a world‑class IT services company that serves thousands of clients across the globe. When you join Everforth Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRateds Best of Staffing® in Talent Satisfaction in the United States and Great Place to Work® in the United Kingdom and Mexico.

• We offer a range of supplemental benefits, including medical, dental, vision, life, disability, and other insurance plans that offer an optional layer of financial protection.
• We offer an ESPP (employee stock purchase program) and a 401(k) program which allows you to contribute typically within 30 days of starting, with a company match after 12 months of tenure.
• Everforth Apex also offers a HSA (Health Savings Account on the HDHP plan), a SupportLinc Employee Assistance Program (EAP) with up to 8 free counseling sessions, a corporate discount savings program and other discounts.
• In terms of professional development, Everforth Apex hosts an on‑demand training program, provides access to certification prep and a library of technical and leadership courses/books/seminars once you have 6+ months of tenure, and certification discounts and other perks to associations that include CompTIA and IIBA.

Everforth Apex Systems is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. Everforth Apex will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law.

If you require an accommodation under the Americans with Disabilities Act to participate in an interview with a virtual recruiter or to use our website for a search or application, please contact our Benefits Department at accommodations@apexsystems.com or 804‑523‑8228. Please note that this contact information is strictly to be used for medical ADA accommodations and that no other inquiries will be answered.

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