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Vice President Model Risk Management Jobs in Elmhurst, IL

PDP Group, Inc.

VP - General Liability

Chicago, IL

... and risk information; further communicate findings and analysis to senior management. Initiate ... Provide SVP and Management with custom management information (MI), including but not limited to ...

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Vice President Model Risk Management information

See Elmhurst, IL salary details

$43.3K

$156.9K

$276.4K

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

As of Aug 18, 2026, the average yearly pay for vice president model risk management in Elmhurst, IL is $156,898.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,500.00 and $189,200.00 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.

What does a Vice President Model Risk Management do?

A Vice President of Model Risk Management oversees the development, validation, and monitoring of financial models to ensure their accuracy and compliance with regulatory standards. They assess model risks, implement controls, and collaborate with teams to mitigate potential financial and operational impacts, often using tools like statistical software and risk management frameworks.

What job categories do people searching Vice President Model Risk Management jobs in Elmhurst, IL look for?

The top searched job categories for Vice President Model Risk Management jobs in Elmhurst, IL are:

What cities near Elmhurst, IL are hiring for Vice President Model Risk Management jobs?

Cities near Elmhurst, IL with the most Vice President Model Risk Management job openings:

Vice President Model Risk Management jobs near you
Infographic showing various Vice President Model Risk Management job openings in Elmhurst, IL as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $156,898 per year, or $75.4 per hour.

Risk Management - Lead Credit Officer, Specialty Finance - Vice President

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 5 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Bring your expertise to JPMorgan Chase.  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Lead Credit Officer (Vice President) on the Specialty Finance Risk Team, you would be responsible for the risk management of a national portfolio of non-bank financial entities which are focused on residential mortgage originations, commercial/consumer finance, fintech, and other financial service industries.  You will partner with Securitized Products, Corporate and Investment Bankers, Treasury Services, and Traders to analyze, structure, risk grade, and approve credit exposures.  You will be an instrumental member of the team that will drive deal documentation negotiations and have responsibility for the on-going risk management.

Job Responsibilities:

  • Oversee the ongoing risk management of their portfolio which includes maintaining a broad and deep understanding of your clients' businesses, as well as a current and forward-looking view of the portfolio
  • Develop a keen understanding of the residential mortgage finance and other specialty finance markets including key risk and structures and work collaboratively with junior resources and product bankers to develop solutions to the benefit the client and JPMorgan
  • Lead due diligence meetings, which may be virtual or at the client's office
  • Perform financial analysis to assess the strength of the corporate counterparty and identification of key risks.
  • Monitor the portfolio to ensure internal risk grades remain accurate and appropriate action is taken to mitigate risk for deteriorating clients
  • Engage with coverage bankers and product partners to develop structures appropriate for the risk profile of the client and/or assets to be financed. 
  • Work with business colleagues to assess stress or downside credit scenarios including validating cash flow models (typically Excel-based)
  • Review and assist in the negotiation of transaction and trading legal documentation
  • Oversee written credit analysis and present recommendations to senior credit officers for approval
  • Mentor/guide junior resources and manage workloads, delegate with appropriate guidance and ensure deadlines are understood and met, and where needed, confidently escalate to senior managers
  • Lead other ad-hoc projects, as needed

Required Qualifications, Capabilities, and Skills:

  • BA/BS degree in a quantitative discipline
  • Typically a minimum of 6+ years of Commercial / Corporate banking/lending, Asset Based Lending (ABL), or Structured Finance experience including credit, structuring, and marketing
  • Completion of a major corporate bank credit/analyst training program or equivalent experience
  • Excellent verbal and written communication skills
  • Outstanding organizational and project management skills to balance portfolio management and deal execution responsibilities
  • Demonstrated interpersonal skills to collaborate with teammates, bankers, product partners, senior management, and clients
  • Strong work ethic with an ability to meet deadlines while multi-tasking

Preferred Qualifications, Capabilities, and Skills:

  • Strong credit, documentation, and transaction experience a plus
  • Excellent Excel, PowerPoint, and financial modeling skills
  • Residential mortgage, specialty finance and/or securitization experience a plus
  • Knowledge of credit, JPMC, and similar bank policies
  • Ability to perform well under pressure in a demanding environment
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

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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