Manager – Model Validation / Model Risk Audit Consulting

RSM

Chicago$101,000 - $203,000Full-timePosted 23h ago

Get more Administrative Assistant openings

A short daily email when similar roles appear in Chicago. No account needed.

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.

RSM is seeking a dynamic and experienced Manager to join our Risk Consulting practice and lead model validation and/or internal audit engagements for Financial Services clients. The ideal candidate combines hands-on model validation capabilities with a strong audit, internal controls, or second-line risk management background. This individual will lead independent model validations procedures, assess model methodology, implementation, performance, governance, and controls as well as direct internal audit engagements in which model risk is a significant component.

Key Responsibilities:

  • Lead and manage independent model validation or model risk internal audit engagements for banks, asset managers, and other financial institutions.
  • Perform technical model validation procedures, including assessment of conceptual soundness, model assumptions, development methodology, data, implementation, model inputs and, outputs, controls, performance monitoring, limitations, and ongoing use and evidence supporting model effectiveness.
  • Assess model governance, control design, documentation, change management, and operating effectiveness across complex model environments.
  • Understand and challenge model logic and implementation details; design and execute targeted input/output, data transformation, rule, calculation, replication, and outcome testing using SQL, SAS, Python, R, Alteryx, or similar tools.
  • Evaluate whether model validation and audit evidence is sufficient, reliable, and appropriately designed to support conclusions regarding model performance, implementation, and control effectiveness.
  • Coach and mentor junior staff, reviewing work and providing structured feedback to develop technical and soft skills.
  • Manage multiple projects concurrently, including planning, scoping, budgeting, execution, and reporting, ensuring delivery meets RSM’s quality standards.
  • Communicate findings and recommendations clearly in both written reports and client presentations.
  • Work collaboratively with internal teams and clients to mitigate risk and improve operational effectiveness.
  • Participate in business development efforts, including proposal writing and client presentations when appropriate.

Required Qualifications:

  • Bachelor's or Master’s degree in Accounting, Finance, Statistics, Economics, or a related field.
  • 6+ years of relevant experience in model validation and/or internal audit, risk management, or internal controls within the financial services industry.
  • Strong understanding of model risk management principles and supervisory expectations, risk-based internal audit methodology, internal controls, and governance frameworks.
  • Demonstrated experience leading or performing model validations and/or internal audit involving complex testing, control testing, or substantive testing over complex models, systems, or data-driven processes.
  • Ability to understand and challenge model logic, design testing strategies, evaluate evidence and determine whether testing sufficiently supports model performance or operating effectiveness conclusions.
  • Proficiency in Python, Alteryx, R or other analytics tools; experience with SQL, or SAS is a plus.
  • Ability to manage teams, lead engagements, and mentor junior professionals.
  • Strong written and verbal communication skills.
  • Ability to travel as needed (estimated <30%).

Preferred:

  • Professional certification relevant to audit, model risk, financial risk, analytics, or financial crimes, such as CPA, CIA, CISA, FRM, CFA, or CAMS.
  • Prior experience at a public accounting or professional services/consulting firm, or in an internal audit function or independent model validation or model risk management function.
  • Experience presenting to stakeholders, including risk committees or audit committees.
  • Experience with AML, sanctions, transaction monitoring, customer risk rating, or other financial crimes models.

At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law. 

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $101,000 - $203,000

Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

The average job posting receives 250 applications.

Stand out by tailoring your resume to this specific role. Our AI resume builder highlights the skills and experience that matter most to this employer.

Frequently asked questions

Who is hiring for Manager – Model Validation / Model Risk Audit Consulting at RSM?+
RSM is actively hiring for this Manager – Model Validation / Model Risk Audit Consulting role. Click "Apply Now" to submit your application directly on RSM's careers page — Careeronaut doesn't charge employers or candidates for referrals.
When was this Manager – Model Validation / Model Risk Audit Consulting role posted?+
This listing was first posted on 2026-08-06. We pull the latest copy from the source feed daily, and any role that's taken down gets removed from Careeronaut within seven days so you don't waste time on stale listings.
How should I apply to this Manager – Model Validation / Model Risk Audit Consulting role?+
Start by tailoring your resume to the posting — most applicants send generic CVs and the first filter recruiters use is keyword relevance. Careeronaut's AI does this automatically: paste the job description, get a matched resume in under a minute, and download as PDF or DOCX.
Where can I find more Administrative Assistant jobs in Chicago?+
Browse all open administrative assistant roles in Chicago on the listing pages linked below. You can filter by salary, remote-friendly, and posting date.