Model Risk Management Salaries in Indiana
How Much Does a Model Risk Management Make in Indiana?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Model Risk Management in Indiana is $123,192.
While Salary.com is seeing that Model Risk Management salary in IN can go up to $150,251
or down to $95,892, but most earn between $108,902 and $137,356.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Model Risk Management
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Model Risk Management by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Crowe
Model Risk Senior Consultant
|
$104,240/yr
|
RANGE: $94,863 - $113,616
|
|
Crowe
Model Risk Manager
|
$137,460/yr
|
RANGE: $125,545 - $149,375
|
|
Athene
Director Model Risk Management
|
$130,019/yr
|
RANGE: $118,299 - $141,739
|
|
Goldman Sachs
Model Risk Management - Dallas
|
$98,530/yr
|
RANGE: $89,733 - $107,327
|
|
UNITED COMMUNITY BANK
Director of Model Risk Management
|
$122,675/yr
|
RANGE: $111,617 - $133,733
|
|
Tbwa Chiat/Day Inc
Head of Model Risk Management
|
$106,867/yr
|
RANGE: $97,896 - $115,838
|
|
Sud Recruiting
VP, Model Risk Management
|
$146,369/yr
|
RANGE: $133,113 - $159,625
|
|
SoFi
Director, Model Risk Management
|
$146,510/yr
|
RANGE: $133,303 - $159,716
|
|
Athene Holding Ltd.
VP Model Risk Management
|
$158,352/yr
|
RANGE: $142,863 - $173,842
|
Top 10 Highest Paying Cities For Model Risk Management Jobs in Indiana
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Model Risk Management can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Model Risk Management job salaries in Indiana.
Some cities can pay higher salaries for Model Risk Management jobs, which can indicate that there is a large demand for Model Risk Management positions in this city.
The following table shows top 10 cities where the Model Risk Management salary is higher than other cities in Indiana.
Hammond takes first place in this list, followed by Gary, Indianapolis.
The Model Risk Management salary is $127,633 in Hammond,
which is lower than the national average. There is 0 city's Model Risk Management salary higher than national average in Indiana.
The average salary for a Model Risk Management in Indiana is $123,192,
but we found that the city with the highest salary for Model Risk Management jobs is Hammond, IN, and it is higher than Gary.
Model Risk Management jobs in Hammond can have the opportunity to earn higher salaries than in other cities in Indiana.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Hammond | $127,633 | $10,636 | $2,454 | $61 |
| Gary | $127,633 | $10,636 | $2,454 | $61 |
| Indianapolis | $124,873 | $10,406 | $2,401 | $60 |
| Greenwood | $124,822 | $10,402 | $2,400 | $60 |
| Carmel | $124,719 | $10,393 | $2,398 | $60 |
| Lafayette | $124,103 | $10,342 | $2,387 | $60 |
| Elkhart | $123,924 | $10,327 | $2,383 | $60 |
| Evansville | $121,562 | $10,130 | $2,338 | $58 |
| Fort Wayne | $119,727 | $9,977 | $2,302 | $58 |
| South Bend | $119,445 | $9,954 | $2,297 | $57 |
What Does a Model Risk Management Do?
Our survey revealed that the number of models requiring validation and risk reviews is growing, and the scope of MRM is also rapidly expanding—into models for automatic decision making, for example.
Updated October 19, 2021
To a considerably large extent, model risk management is driven by capital reduction, loss avoidance, and cost reduction.
Updated October 13, 2021
Before advancing on what Model Risk Management is, it is imperative to first understand what a model is.
Updated December 22, 2021
The COVID-19 pandemic has affected the performance of models globally, including traditional financial-risk models, such as those for credit risk, as well as models for nonfinancial risk, such as fraud management.
Updated December 22, 2021
Reporting thereby becomes meaningful, as senior managers get an exhaustive view on model risk beyond the technicalities—one with a real risk perspective.
Updated December 19, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Model Risk Management Salaries
What is the average of a Model Risk Management in Indiana?
The Model Risk Management salary range is from $108,902 to $137,356, and the average Model Risk Management salary is $123,192/year in Indiana.
The Model Risk Management's salary will change in different locations.
Which location pays the highest Model Risk Management salary in the United States?
The Model Risk Management salary in San Jose, CA is $161,873
which is the highest in the US.
What kinds of reasons will influence the Model Risk Management's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Model Risk Management.
What is the growth rate of the Model Risk Management's salary?
If you are thinking of becoming a Model Risk Management or planning the next step in your career, find the detailed salary report of a Model Risk Management.
