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Weekend Model Risk Management Jobs in Illinois (NOW HIRING)

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

Director, Risk Management

Chicago, IL · On-site

$176.50K - $262.35K/yr

This job establishes overall business or technical strategy for risk management, influences ... PayPal's balanced hybrid work model offers 3 days in the office for effective in-person ...

This job establishes overall business or technical strategy for risk management, influences ... PayPal's balanced hybrid work model offers 3 days in the office for effective in-person ...

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Weekend Model Risk Management information

What are the key skills and qualifications needed to thrive in Weekend Model Risk Management, and why are they important?

To thrive in Weekend Model Risk Management, you need a solid background in quantitative analysis, statistics, and risk management, typically supported by a degree in finance, mathematics, or a related field. Familiarity with risk management frameworks, financial modeling software (such as SAS, Python, or R), and regulatory guidelines is crucial. Strong analytical thinking, attention to detail, and effective communication skills help differentiate top performers in this role. These skills ensure accurate risk assessment, compliance with regulations, and the ability to communicate complex findings to stakeholders even during off-peak hours.

What are some unique challenges faced by professionals working in Weekend Model Risk Management roles?

Professionals in Weekend Model Risk Management often face the challenge of addressing urgent model validation or risk assessment tasks outside of standard business hours, which requires strong time management and clear communication with weekday teams. Since model risk issues can arise unexpectedly, weekend teams must be adept at quickly assessing model performance, documenting findings, and escalating concerns as needed. Additionally, collaboration with cross-functional teams—such as compliance, IT, and front-office staff—is essential to ensure continuity of oversight and to resolve issues that may impact critical business decisions before the next trading week. This role offers exposure to a range of models and scenarios, helping build expertise and visibility within risk management functions.

What is Weekend Model Risk Management?

Weekend Model Risk Management refers to the process of identifying, assessing, and mitigating risks associated with financial and statistical models specifically over weekends or during non-standard business hours. This role is crucial for institutions that operate globally or require continuous monitoring to ensure models function properly and remain compliant even when regular staff may be unavailable. Weekend Model Risk Management professionals review model performance, validate data, and implement controls to prevent errors or breaches during off-peak times. Their work helps maintain the integrity and reliability of models used for trading, risk assessment, and decision-making.

What is the difference between Weekend Model Risk Management vs Weekend Quantitative Analyst?

AspectWeekend Model Risk ManagementWeekend Quantitative Analyst
CredentialsTypically requires risk management certifications, finance or quantitative degreesRequires quantitative degrees, often with programming skills
Work EnvironmentFocuses on risk assessment, model validation, complianceInvolves data analysis, model development, financial modeling
Industry UsageCommon in banking, asset management, financial institutionsCommon in hedge funds, investment banks, trading firms

Weekend Model Risk Management professionals focus on identifying and mitigating risks associated with financial models, ensuring compliance and accuracy. Weekend Quantitative Analysts primarily develop and analyze models to support trading and investment decisions. While both roles require quantitative skills and finance knowledge, their core responsibilities differ: risk management emphasizes validation and oversight, whereas quantitative analysis centers on model creation and optimization.

What are the most commonly searched types of Model Risk Management jobs in Illinois? The most popular types of Model Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Weekend Model Risk Management jobs? Cities in Illinois with the most Weekend Model Risk Management job openings:
Risk Management Lead - Hybrid

Risk Management Lead - Hybrid

AbbVie

North Chicago, IL

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 11 hours ago


AbbVie rating

8.8

Company rating: 8.8 out of 10

Based on 95 frontline employees who took The Breakroom Quiz

11th of 70 rated pharmaceutical


Job description

Company Description

About AbbVie

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.

Job Description

The Risk Management Lead is the risk management subject matter expert for study execution and central monitoring in AbbVie's end-to-end Risk-based Quality Management (RBQM) model-a critical pillar required in AbbVie's mission to be a world-class R&D organization. The Risk Management Lead serves as an RBQM expert and leader to functional departments in the execution and sustainability of AbbVie's end to end RBQM model and partners with the cross functional study team and drives study implementation of RBQM processes with Central Monitoring team and cross-functional study teams. The purpose of the Risk Management Lead is to establish the early detection and intervention framework for study risks, determining what to look for and how to intervene effectively, to enable proactive risk mitigation before the study starts and throughout the study as new risks emerge and to support study risk leads in delivery and supports the study risk leads through mentoring and coaching.

Responsibilities:

  • Responsible for multiple-jurisdiction studies with sites across the globe. Serve as a leader to functional departments in embedding the end to end RBQM model and support sustainability. Partner with cross-functional leaders in the development of risk management strategies across a TA or program, coach and develop the risk mindset, the discipline of risk management and risk practices/processes within the cross-functional study team.
  • Further maturing processes and building organizational capabilities in the pursuit of better quality and outcomes for patients, investigators, the study team and AbbVie as a business, and inspection readiness.
  • Drive and contribute to the development, embedding, growth and health of the necessary business process to support risk-based quality management and global monitoring processes. Lead or Co-lead RBQM initiatives and workstreams focusing on quality and risk management. Serve as Business process expert to ensure end-to-end RBQM is aligned throughout the business process framework.
  • Analyze RBQM key performance indicators and support cross-functional stakeholders in deep-dive analysis , leading indicators and the development of action plans as needed, support the development of inspection responses and CAPA development for RBQM processes.
  • Coach and mentor junior and peer Study Risk Leads. Develop RBQM training and materials for Study Risk Leads and other cross-functional stakeholders including Forum and training facilitation. Facilitate the Risk Management meetings (initial and ongoing).
  • Support the cross-functional study team in identifying potential risks and mitigation planning in the development of the Risk Assessment and Mitigation Plan with a focus on data integrity and patient safety. Continually review and evolve the Risk Assessments and Mitigation Plans (RAMP) throughout the study to ensure proactive action and responses to anticipated risks as well as new emerging risks.
  • Support the study team ensuring identified risk inform RBQM component development and are reflected in applicable study plans so that team is focusing on the most important risks and mitigations. Guide the team in identifying the most critical data and processes that need to be controlled to ensure study success. Assist the study team to define Key Risk Indicators (KRIs), both AbbVie standard and study-specific and establish Quality Tolerance Limits (QTLs) that will best help determine risk.
  • Bring rigor, consistency and a common risk-based vocabulary to the defining and documentation of risks to promote shared understanding and appropriate decision making. Leverage provided guidelines and standards for documenting the situation, the conditions under which it may occur, the risk level (how the risk is measured, the potential impact should the risk occur, and the likelihood of the risk occurrence).
  • Through Therapeutic Alignment, ensure communication and consistency in Program/Compound level Risk through partnerships with cross-functional stakeholders and maintain the Risk Library.
  • Be an RBQM leader across AbbVie, driving the adoption of AbbVie's RBQM framework and process evolution across R & D as part of the cross-functional teams spanning the portfolio (all therapeutic areas and phases of development). Collaborate with Central Monitoring and Study Risk Management leadership in bringing solutions and strategies focused on quality and risk management.

**This is a hybrid based role working on-site T-TH. Candidates must be local to Lake County, IL; Irvine, CA or Florham Park, NJ and work on-site 3 days a week. 

Qualifications
  • Bachelor's degree in life sciences, risk-based, or related discipline; advanced degree preferred.
  • Minimum of 10 years' comprehensive experience in clinical operations, with proven expertise in risk management, RBQM, or quality management.
  • Excellent working knowledge of risk management methodologies (including risk identification, assessment, mitigation, and documentation).
  • Demonstrated ability to influence cross-functional teams, senior management, and drive change management initiatives.
  • Deep understanding of ICH/GCP, regulatory standards, and clinical trial processes.
  • Strong analytical, critical thinking, and problem-solving skills; proficiency with data analysis/visualization tools.
  • Exceptional communication, documentation, and interpersonal skills.
  • Proven ability to lead in a dynamic global environment with complex, multi-jurisdictional studies.
Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law: 

  • The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.

  • We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.

  • This job is eligible to participate in our short-term incentive programs. 

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law. 

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled. 

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.html


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About AbbVie

Sourced by ZipRecruiter

AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health, and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube, and LinkedIn.

Industry

Scientific research and development services

Company size

10,000+ Employees

Headquarters location

North Chicago, IL, US

Year founded

2013