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Telecommute Pharmaceutical Risk Management Jobs in Chicago, IL

Wintrust

Risk Management Officer

Rosemont, IL · On-site

Job location - Rosemont, IL- Hybrid position with some telecommuting flexibility, but requirement ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

Job location - Rosemont, IL- Hybrid position with some telecommuting flexibility, but requirement ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Baxter

PV Risk Management Specialist

Deerfield, IL

$112K - $154K/yr

Minimum two years of pharmaceutical industry experience in Pharmacovigilance, Medical Affairs ... Experience authoring EU Risk Management Plans (RMPs) and knowledge of European Union ...

Crowe LLP

Third Party Risk Manager

Chicago, IL · On-site

In management at Crowe, you play a pivotal role in leading teams, guiding project execution, and ... Pharmaceutical * Life Sciences * Biotechnology * Healthcare * Manufacturing * Financial Services

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Telecommute Pharmaceutical Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do telecommute pharmaceutical risk management jobs pay per year?

As of Aug 22, 2026, the average yearly pay for telecommute pharmaceutical risk management in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is telecommute pharmaceutical risk management?

Telecommute pharmaceutical risk management involves identifying, assessing, and mitigating risks related to the development, approval, and distribution of pharmaceutical products while working remotely. Professionals in this field ensure compliance with regulatory requirements, monitor drug safety, and implement strategies to minimize potential risks to patients and the company. They collaborate with cross-functional teams, handle safety data, and may interact with regulatory authorities, all from a remote or home-based office.

How does a telecommute pharmaceutical risk management professional typically collaborate with cross-functional teams while working remotely?

As a Telecommute Pharmaceutical Risk Management professional, collaboration with cross-functional teams—such as regulatory affairs, clinical operations, and product safety—is essential and primarily facilitated through virtual meetings, project management tools, and secure data-sharing platforms. Regular video conferences and written updates help ensure alignment on risk mitigation strategies and compliance requirements. Strong communication skills and proactive engagement are crucial to overcoming the challenge of remote coordination, ensuring that all stakeholders are informed and regulatory obligations are met efficiently.

What are the key skills and qualifications needed to thrive as a telecommute pharmaceutical risk management professional, and why are they important?

To thrive in Telecommute Pharmaceutical Risk Management, you need a solid background in pharmaceutical sciences, regulatory compliance, and risk assessment, often supported by a relevant degree and experience in pharmacovigilance or regulatory affairs. Familiarity with drug safety databases, risk management software, and knowledge of FDA and EMA guidelines are typically required. Strong analytical thinking, attention to detail, and effective remote communication skills distinguish top performers in this field. These competencies are crucial for ensuring medication safety, regulatory adherence, and efficient collaboration with cross-functional teams in a remote environment.

What is the difference between Telecommute Pharmaceutical Risk Management vs Telecommute Pharmacovigilance Specialist?

AspectTelecommute Pharmaceutical Risk ManagementTelecommute Pharmacovigilance Specialist
CredentialsDegree in pharmacy, life sciences, or related field; certifications in risk management or pharmacovigilanceDegree in pharmacy, nursing, or life sciences; certifications in pharmacovigilance or drug safety
Work EnvironmentRemote, often collaborating with regulatory and safety teamsRemote, focusing on adverse event data and safety reporting
Industry UsageUsed in pharmaceutical companies for risk assessment and mitigationUsed in pharma for monitoring drug safety and adverse event management

While both roles operate remotely within the pharmaceutical industry and require similar educational backgrounds, Pharmaceutical Risk Management focuses on assessing and mitigating risks associated with drugs, whereas Pharmacovigilance Specialists primarily monitor and report adverse drug reactions. Understanding these distinctions helps job seekers identify the right role aligned with their skills and career goals.

What are the most commonly searched types of Pharmaceutical Risk Management jobs in Chicago, IL?

The most popular types of Pharmaceutical Risk Management jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Telecommute Pharmaceutical Risk Management jobs?

Cities near Chicago, IL with the most Telecommute Pharmaceutical Risk Management job openings:

Telecommute Pharmaceutical Risk Management jobs near you

Risk Management Officer

Wintrust

Rosemont, IL • On-site

Full-time

Re-posted 23 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Location:
Job location - Rosemont, IL- Hybrid position with some telecommuting flexibility, but requirement to physically be in Rosemont, IL office three days a week.
Responsibilities:
Provide independent model risk management and support for the VP of Model Risk as follows:
Model Validation
  • Perform independent and comprehensive validation of bank-wide statistical/econometric/ mathematical/qualitative (expert judgment) models for stress testing, asset allocation, valuation and pricing, BSA/AML in compliance with SR 11-7/OCC 2011-12 and Model Risk Management (MRM) policy and procedures.
  • Develop a model validation testing plan commensurate with the model risk tier and perform quantitative and qualitative tests to assess models for conceptual soundness, implementation accuracy, data integrity, and performance accuracy, including back testing, sensitivity analysis, scenario analysis, benchmarking, and governance.
  • Provide effective and meaningful challenge during the following processes of model validation: Review of conceptual soundness; Review adequateness of modeling data; Materiality analysis of model assumptions and limitations; Review of model theoretical framework and design; Review of model performance.
  • Review of Model Documentation to ensure compliance with regulation/policy. Model documentation review should consist, amongst others, the following: Assessing the quality of model documentation; Reviewing documentation of developmental evidence; Review documentation of model governance; Review testing results in the model methodology document.
  • Design and execute a comprehensive and granular program for the following: Data Validation; Model theoretical framework and design; Assumptions and Limitations testing; Model

Conceptual soundness; Back-testing; Model Effectiveness Testing, Sensitivity Analysis; and Benchmarking for material portfolios.
  • Perform ongoing monitoring of all the models in line with the validation calendar and monitor the performance of those models through statistical tests. Evaluate the model adjustments, such as overlays and buffers, wherever applicable.

Ongoing Process Management, Enhancement and Updates
  • Contribute to enhancing current processes for model validation.
  • Manage activities related to model governance and assist VP model risk management in creating reports for the senior management, executive management, risk committees, and regulatory exams.
  • Manage and update model risk policies, standards, and procedures continually to ensure compliance with both management and regulatory requirements. Assist VP- MRM in the growth and maturation of the model risk management framework.
  • Use the MRM Model Validation tool to perform model validation activities. Assists in the annual model certification process and maintain status updates from the model owners. Maintain and update the model inventory. Maintain status updates and facilitate resolution/escalations of issues in a timely fashion.

Stakeholder Management
  • In collaboration with the VP of Model Risk Management, interfaces with key stakeholders throughout the validation process to discuss the justification and reasoning behind validation and review findings.
  • In collaboration with VP, Model Risk Management, determine whether the response and remediation plan received from model owners and users in response to a finding adequately addresses the findings. Follow up with model owners to ensure findings are remediated in a timely manner.

AI and Risk Management Framework.
  • Execute a robust model risk management framework in line with industry best practices and expectations. Assist VP-MRM is executing the AI and Machine Learning risk management framework.

Others
  • Assist in special ad-hoc projects

Requirements:
Master's degree in Applied Economics, Statistics, Mathematics, Data Science or related field plus 2 years of related work experience.
The position requires experience in all of the following:
  • 2 years of experience working with financial products and associated risk management.
  • 2 years of experience with quantitative modeling in the financial industry using financial and economic data.
  • 2 years of experience in data handling skills using advanced statistical and numerical methods.
  • 2 years of experience with MS Office applications such as Word, Excel and PowerPoint to generate high-quality management reports.
  • 2 years of experience working with a changing regulatory environment, such as the OCC2011-12 guidance.
  • 2 years of experience with SAS and Python for statistical modeling and data handling.
  • 2 years of experience with one or more of the following (R, SQL, MATLAB, VBA)

Compensation
The estimated salary for this role is $101,949.99, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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