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Senior Model Risk Management Jobs in Chicago, IL

The Model Risk APM is primarily responsible for completing audit engagements with minimal ... Performing other duties as requested by management. Basic Qualifications * Bachelor's degree, or ...

... and portfolio management? Join us as an Investments & Risk Manager and take on a key role in ... models for investment opportunities. * Collaborate with senior team members to assess new ...

New

Global Head of Risk Management

Chicago, IL ยท On-site

$225K - $300K/yr

Work closely with Senior Management on identifying and assessing risks of potential and existing ... Model, analyze, and optimize existing and new risk matrices * Drive the development and ...

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Showing results 1-20

Senior Model Risk Management information

See Chicago, IL salary details

$23.2K

$121.8K

$216.3K

How much do senior model risk management jobs pay per year?

As of Jun 14, 2026, the average yearly pay for senior model risk management in Chicago, IL is $121,823.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,000.00 and $149,400.00 per year, depending on experience, location, and employer.

What is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

What are the most commonly searched types of Model Risk Management jobs in Chicago, IL? The most popular types of Model Risk Management jobs in Chicago, IL are:
What are popular job titles related to Senior Model Risk Management jobs in Chicago, IL? For Senior Model Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Senior Model Risk Management jobs in Chicago, IL look for? The top searched job categories for Senior Model Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Senior Model Risk Management jobs? Cities near Chicago, IL with the most Senior Model Risk Management job openings:

Model Risk Quant Developer -Chicago, IL -Hybrid

FinTrust Connect LLC

Chicago, IL โ€ข Hybrid

$100 - $165/hr

Other

Posted 8 days ago


Job description

About the job Model Risk Quant Developer -Chicago, IL -Hybrid

  • Model Risk Quant Developer -Chicago, IL - Hybrid
FinTrust Connect Chicago IL Hybrid
Share Your Resume and Build Your Future!
Join our Talent Community for Chicago. The city shows steady contractor demand for quantitative developers who can partner with model risk and front office teams to ship production grade analytics and testing frameworks.
Requirements
  • 5 to 9 years in quant development or model engineering
  • Python expert with strong software engineering practices and Git based workflows
  • Experience packaging analytics for production use and validator reruns
  • Knowledge of market or credit or liquidity risk modeling techniques
  • Familiarity with CI and CD and containers and artifact registries
Responsibilities
  • Engineer model libraries and challenger models with clear APIs and documentation
  • Build scenario and sensitivity engines and quality checks for inputs and outputs
  • Maintain continuous testing and nightly backtests with alerts and dashboards
  • Work with stakeholders to translate regulatory asks into code and evidence
Outcomes we track
  • Nightly validation jobs success 99% with auto rerun and notify
  • Mean time to reproduce validation results < 1 hour
  • Repeat findings over two consecutive cycles 0
Compensation and terms
  • Consultant pay $100 to $165 per hour
  • Contract -Hybrid -Chicago, IL or Remote US W2 or 1099
How to apply
  • Apply on our site FinTrust Careers
  • Or email talent@FinTrustConnect.com with subject [Apply] Model Risk Quant Developer Chicago
  • Follow FinTrust Connect on LinkedIn

Keywords
Model Risk, Quant Developer, Python, Risk Analytics, CI CD, Unit Tests, Benchmarking, Challenger Models, SR 11 7, Data Lineage, Docker, Chicago