Model Risk Manager
Crowe • Chicago, Illinois • Part Time • $51.25–$104.75 / hour
Posted on Wed, Oct 7, 2026
Your Journey at Crowe Starts Here:
At Crowe, you can build a meaningful and rewarding career. With real flexibility to balance work with life moments, you’re trusted to deliver results and make an impact. We embrace you for who you are, care for your well-being, and nurture your career. Everyone has equitable access to opportunities for career growth and leadership. Over our 80-year history, delivering excellent service through innovation has been a core part of our DNA across our audit, tax, and consulting groups. That’s why we continuously invest in innovative ideas, such as AI-enabled insights and technology-powered solutions, to enhance our services. Join us at Crowe and embark on a career where you can help shape the future of our industry.
Job Description:
What It Means to Be a Consultant at Crowe
Consulting is a dynamic business focused on solving problems for our clients and serving our core markets through innovative solutions. As technology and AI continue to reshape the consulting landscape, we are looking for individuals who are curious, adaptable, and eager to learn. At Crowe, consultants are expected to build both technical and transferable skills, think critically, and use technology to solve real business problems. In this role, you will continuously learn, collaborate across teams, and explore how tools, including emerging AI capabilities, can improve efficiency, insights, and client outcomes.
As you grow, you’ll also begin to take ownership of client relationships, contribute to account strategy, and support the delivery of high-impact work. Developing a sense of account leadership, including understanding client needs, ensuring delivery excellence, and building trusted partnerships, is part of what sets successful consultants apart.
Success in this role comes from a growth mindset, strong communication skills, advanced critical thinking, and the ability to navigate new challenges with confidence.
About the role
The Model Risk Manager will be responsible for performing and managing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model risk management practices and providing model validation services, primarily for credit risk, finance, and treasury management models (asset liability management, liquidity, interest rate risk).
Job Duties:
- Supervise, train and review the work of other consultants.
- Manage key aspects of client service projects from planning to completion.
- Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
- Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.
- Understand industry trends and client challenges in order to lead the development of new services and solutions.
Qualifications:
- Bachelor’s degree in Finance, Statistics, Financial Engineering, or Economics or equivalent combination of education and experience. Graduate degree a plus.
- 5+ years’ experience of working in financial institutions, Big 4 or equivalent, or regulatory supervisory of financial institutions.
- Working knowledge of:
- Model risk management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
- Credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.).
- Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
- Direct experience performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking.
- Technical knowledge about data processing, data storage, and data visualization.
- A self-starter who can prioritize multiple tasks, be resourceful and able to research and find solutions.
- Write and present to clients clear and concise reports and presentations containing meaningful recommendations.
- Direct and deliver significant engagements that deliver value to clients through project management, creation of deliverables and knowledge transfer.
- Ability to lead and manage a team.
- Manages engagement to ensure quality and is delivered within budget.
- Engagements are frequently conducted remotely.
- This position may require travel but is not expected to exceed 25%.
Additional skills desired:
- Solid analytical background and knowledge of econometrics.
- Knowledge of risk ratings, risk rating /scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus.
- Experience with statistical packages such as SAS, Matlab, Stata, Python, and R.
- Experience with database management, such as SQL.
- Experience with data visualization tools such as Microsoft Power BI, Tableau, QlikView.
- Basic understanding of trends in artificial intelligence and machine learning.
- Professional certification preferred (e.g., RMA CRC, CFA, FRM).
We expect the candidate to uphold Crowe’s values of Care, Trust, Courage, and Stewardship. These values define who we are. We expect all of our people to act ethically and with integrity at all times.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. Crowe is not sponsoring for work authorization at this time.
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Crowe, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $51.25 - $104.75 per hour.Our Benefits:
Your exceptional people experience starts here. At Crowe, we know that great people are what makes a great firm. We care about our people and offer employees a comprehensive total rewards package. Learn more about what working at Crowe can mean for you!
How You Can Grow:
We will nurture your talent in an inclusive culture that values diversity. You will have the chance to meet on a consistent basis with your Career Coach that will guide you in your career goals and aspirations. Learn more about where talent can prosper!
More about Crowe:
Crowe provides professional services through two separate entities: Crowe LLP delivers audit and attest services, and Crowe Advisory LLC provides tax, advisory, consulting, and other nonattest services.
The Crowe Global network consists of more than 300 independent accounting and advisory services firms in more than 150 countries around the globe, making it one of the largest accounting networks in the world.* As independent members of Crowe Global, Crowe LLP and Crowe Advisory LLC serve clients worldwide.
*As of July 2026.
Crowe LLP and Crowe Advisory LLC (and their respective subsidiary entities) provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, genetics, national origin, disability or protected veteran status, or any other characteristic protected by federal, state or local laws.
Crowe LLP and Crowe Advisory LLC (and their respective subsidiary entities) does not accept unsolicited candidates, referrals or resumes from any staffing agency, recruiting service, sourcing entity or any other third-party paid service at any time. Any referrals, resumes or candidates submitted to Crowe, or any employee or owner of Crowe without a pre-existing agreement signed by both parties covering the submission will be considered the property of Crowe, and free of charge.
Crowe will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws.
Please visit our webpage to see notices of the various state and local Ban-the-Box laws and Fair Chance Ordinances, where applicable.
We are committed to a merit-based hiring process, evaluating all candidates consistently using objective, job-related criteria such as relevant experience, demonstrated skills, measurable impact, and alignment with the role’s responsibilities, and making employment decisions in a fair and inclusive manner free from discrimination.
If you are interested in applying for employment with Crowe and are in need of an accommodation or require special assistance to navigate our website or to complete your application, please visit our Applicant Assistance and Accommodations page for more information: https://careers.crowe.com/crowe-applicant-assistance-and-accommodation
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What the data says about this job
- Advertised pay for Risk Manager: a median of $136,600 across 825 priced postings. This posting advertises $106,600 to $217,880, 19% above that median. Explore the market
- Crowe is private-equity backed: KKR. Who owns the CPA firms
- Crowe's roles typically close in 9 days; the market median is 14 days. Time to close
- 51% of Crowe's 69 tracked postings are more than six months old. Posting hygiene
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