VP, Model Risk & AI Validation Leader

Wintrust Financial Corporation; Rosemont (IL); Hybrid; USD 135,000 - 165,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life Insurance

401(k) with company match

Disability Insurance

Tuition Reimbursement

Employee Stock Purchase Plan

Job summary

Wintrust Financial Corporation is seeking a Model Risk Vice President to lead the Model Risk Management (MRM) team in Rosemont. You will supervise validators and oversee validation of bank-wide AI and ML models in line with SR 26-02/OCC 2026-13 and internal policies.

You will drive a comprehensive validation framework, collaborate with cross-functional teams, and deliver management reports on risk. The role offers a hybrid work arrangement and growth within a top-tier financial institution.

Qualifications

• 10-15 years of experience in model development or model risk management.
• Deep knowledge of traditional statistical modeling methods (OLS, logistic regression, survival modeling).
• Moderate knowledge of AI/ML approaches (gradient boosting models, neural networks, k-means). Familiarity with performance evaluation metrics and techniques for LLMs.
• PhD or Master’s in Mathematics, Statistics, Economics, Engineering, or other quantitative field related to AI.
• Strong programming skills in Python and experience with machine learning frameworks and data science libraries.
• Excellent analytical skills and strong written communication ability.

Responsibilities

• Validate all types of models used in Wintrust; some direct validation in Python.
• Evolve validation practices and implement a comprehensive framework for all models, including AI.
• Follow AI trends and refine validation processes and AI use policy.
• Collaborate with cross-functional teams to assess and enhance models for business strategy.
• Deliver comprehensive management reports on model risk.
• Lead model governance sessions and support regulatory examinations.

Skills

Python programming

Statistical modeling

AI/ML understanding

Analytical skills

Written communication

Education

PhD or Master’s in a quantitative field

Tools

ML frameworks (TensorFlow, PyTorch)

Python data libraries (pandas, numpy)

Job description

Wintrust Financial Corporation is seeking a Model Risk Vice President to lead the Model Risk Management (MRM) team in Rosemont. You will supervise validators and oversee validation of bank-wide AI and ML models in line with SR 26-02/OCC 2026-13 and internal policies.

You will drive a comprehensive validation framework, collaborate with cross-functional teams, and deliver management reports on risk. The role offers a hybrid work arrangement and growth within a top-tier financial institution.