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Weekend Model Risk Management Jobs in Chicago, IL

PayPal, Inc.

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... PayPal's balanced hybrid work model offers 3 days in the office for effective in-person ...

Synchrony

AVP, Credit Model Development

Chicago, IL · On-site

Partner with Model Risk Management on model validations, annual reviews, and ongoing assessments. * Analyze model performance and explain model behavior to business stakeholders. * Utilize advanced ...

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All JobsWeekend Model Risk Management JobsWeekend Model Risk Management Jobs in Chicago, IL

Weekend Model Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

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

As of Jun 20, 2026, the average yearly pay for weekend model 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 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 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 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 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:
Weekend Model Risk Management jobs near you
Global Head of Risk Management

Global Head of Risk Management

Geneva Trading

Chicago, IL • On-site

$225K - $300K/yr

Full-time

Posted 26 days ago

Job description

Founded in 1999, Geneva Trading is a premier global principal trading firm with strategically located offices in Chicago, Dublin, and London. Our relentless focus on trading excellence combined with technological innovation has equipped us with a best-in-class proprietary trading platform, enabling us to compete at the highest levels in the global markets. Rooted in a culture of integrity, collaboration, and an unwavering passion for progress, we foster an environment of personal and professional excellence. Our nimble organizational structure and entrepreneurial spirit attract top-tier talent with a passion for innovation, laying the foundation and driving our consistent success in the industry.
The Global Head of Market Risk Management will play a key role in the trading firm's dynamic environment. This person will develop and apply analytic tools and techniques to define and enhance our risk management framework. This person will also identify and manage risks in Geneva's existing and newly proposed trading strategies. The role will report to the CAO and work closely with other members of the executive suite and board of directors.
How You Can Make An Impact
  • Define and drive enhancements to the firm's Risk Framework
  • Update and maintain the firm's Risk Manual as necessary
  • Work closely with Senior Management on identifying and assessing risks of potential and existing business lines
    • Participate in several management meetings per month
  • Supervise and manage all employees of the Risk team globally
  • Model, analyze, and optimize existing and new risk matrices
  • Drive the development and implementation of analytical risk models to provide insight into the firm's various trading activities
  • Monitor risk on a real time basis, leveraging our monitoring and analysis framework to identify and communicate important risk-related information to traders and management
  • Interpret and utilize quantitative results from risk reporting efforts and communicate these effectively
  • Work directly with traders and senior management on escalated risk issues
  • Collaborate with trading and development team members to design and employ risk controls in Geneva's proprietary execution software
  • Conduct regulatory reporting as required
  • Manage trading limits and trading software risk settings within the firm
  • Must be willing to receive training for new asset classes that the firm intends to participate in

What You'll Need
  • Bachelor's Degree or above in a quantitative discipline. (physics, finance, economics, econometrics, statistics, mathematics, or equivalent experience
  • CFA, JD, and/or MBA is a plus
  • At least 7 years' relevant experience as a Senior Risk Manager in a derivatives trading environment
  • Experience with futures, options, cryptocurrency, and power trading strategies and risk management; trading through or managing risk through a market-crisis is highly preferred (i.e. 9/11 or 2008 events)
  • Experience building various models to evaluate and represent derivative market risk, including Historical Simulation, VaR, Scenario Analysis/Stress Testing, Greeks, Option profiles, etc.
  • Experience dealing directly with traders on risk-related issues
  • Experience and comfort dealing directly with senior management on risk-related issues
  • Deep understanding of futures and options trading (Fixed Income, FX, Equities, Commodities, etc.) and their Greeks
  • Detailed knowledge of exchange traded derivative products with an emphasis on their risk characteristics
  • Ability to handle high pressure situations
  • Good communication and interpersonal skills
  • Ability to manage others
  • Desire to work in a fast paced, collaborative, and entrepreneurial environment
  • Deep understanding of US, European and Asian regulatory environments including Dodd-Frank, Regulation Automated Trading (Reg AT), MiFID II and Japanese HST

Compensation
Base Salary Range: $225,000 - $300,000, plus eligibility for a performance-based bonus.
Final compensation will be determined based on the candidate's skills, experience, education, and qualifications. In addition to base salary, Geneva Trading offers a competitive total rewards package, including a comprehensive benefits program. Learn more about our employee incentives here: https://www.genevatrading.com/employee-incentives/
Application expected to close: 6/01/2026
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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