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Vice President Model Risk Management Jobs in Chicago, IL

Synchrony Financial

VP, Enterprise Risk

Chicago, IL · On-site

Primary responsibilities include managing execution of the enterprise-wide Risk Appetite Statement ... Maintain RAS governance documentation and controls (e.g., non-model tool inventory/documentation ...

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Vice President Model Risk Management information

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$44.8K

$162.3K

$285.9K

How much do vice president model risk management jobs pay per year?

As of Aug 9, 2026, the average yearly pay for vice president model risk management in Chicago, IL is $162,281.00, according to ZipRecruiter salary data. Most workers in this role earn between $118,500.00 and $195,700.00 per year, depending on experience, location, and employer.

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

AspectVice President Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees (e.g., MBA, PhD), certifications like FRM or CFABachelor's or Master's in finance, statistics, or related fields; certifications like FRM or CFA often preferred
Work EnvironmentStrategic leadership, cross-department collaboration, executive-level reportingAnalytical, detail-oriented work focused on model testing and validation
Employer & Industry UsageFinancial institutions, banks, asset managers, regulatory bodiesFinancial firms, risk management teams, model development groups

The Vice President Model Risk Management oversees the entire model risk framework, focusing on strategy, governance, and high-level risk assessment. In contrast, the Model Validation Analyst conducts detailed testing and validation of models to ensure accuracy and compliance. While both roles require strong quantitative skills and relevant certifications, the VP role is more strategic and managerial, whereas the analyst role is more technical and operational.

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Vice President Model Risk Management jobs near you

Risk Management - Leveraged Finance Credit Risk Vice President

JP Morgan Chase

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 20 hours ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

73rd of 170 rated banks

Job description

Job Summary

Our credit risk professionals sit at the heart of the Investment Bank, serving as trusted advisors to the firm's most senior bankers and playing a decisive role in the transactions that matter most to our clients. In this role, you will bring intellectual rigor and sound judgment to some of the most complex leveraged finance decisions in the market, operating in a high-performing, collaborative environment where your analysis directly shapes outcomes. If you are passionate about credit, thrive under pressure, and want to build your career at one of the world's leading financial institutions, this is the opportunity for you.

As a Leveraged Finance Credit Risk Vice President within the Business Services credit risk team, you will identify the key risk factors associated with clients, transactions, and industry sub-sectors across an assigned portfolio, and develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, competitive threats, industry, and other factors. Working in close partnership with Investment Banking Coverage, Global Corporate Banking, Debt Capital Markets, and other product teams, you will review, structure, risk rate, and approve new lending activities and perform ongoing portfolio monitoring. You will report to a senior Credit Executive and be supported day-to-day by a dedicated team of Analysts and Associates, with an expectation to play an important role in developing junior talent.

Job responsibilities

  • Review and evaluate new credit origination requests, applying forward-looking risk assessment to develop appropriate credit structures and ensure all transactions are consistent with the firm's credit risk appetite
  • Lead client due diligence by attending client, bank, and other meetings to develop a thorough understanding of client companies, management teams, and industry sectors, and use financial models to incorporate the impact of forward-looking risk assessments on key value drivers
  • Apply corporate finance and accounting expertise to structure appropriate financing solutions and prepare and review credit approval materials, ensuring all credit risk policies are followed
  • Review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval
  • Ensure risk ratings are accurate and reflect a current forward-looking view of the client, while providing early identification and proactive management of deteriorating credits and other problem situations
  • Prepare and present quarterly financial snapshots of the Business Services portfolio, as well as annual portfolio review materials to senior management
  • Assist in training and developing Analysts and work closely with middle office and data teams to ensure accuracy of credit system data

Required qualifications, capabilities, and skills

  • BA/BS degree required
  • 5+ years of commercial/investment banking lending experience including extensive credit, structuring, and marketing
  • Solid understanding of financial products, corporate finance, financial modeling, and market dynamics
  • Advanced knowledge of financial statements and accounting
  • Experience with documentation related to credit agreements
  • Knowledge and experience of derivative products and documentation, including ISDA and CSA agreement

Preferred qualifications, capabilities, and skills

  • MBA or CFA preferred
  • Excellent communication skills, both verbal and written, with the ability to effectively present analysis and interact with key stakeholders
  • Capability to perform due diligence and lead negotiations with clients
  • Ability to perform well under pressure in a demanding environment while managing multiple tasks simultaneously
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

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