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Director Model Risk Management Jobs (NOW HIRING)

Associatedbank

Model Risk Manager

Omaha, NE · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Chicago, IL · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank - Corp

Model Risk Manager

Omaha, NE · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank - Corp

Model Risk Manager

Chicago, IL · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Minneapolis, MN · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

Associatedbank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank ... Advise leadership on risk management initiatives, governance committees, and enterprise-wide ...

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Director Model Risk Management information

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$54K

$143.2K

$260K

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

As of Jul 15, 2026, the average yearly pay for director model risk management in the United States is $143,185.00, according to ZipRecruiter salary data. Most workers in this role earn between $105,500.00 and $167,500.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Director of Model Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications, and strong leadership skills, and they typically oversee enterprise-wide risk strategies and compliance efforts.

What does a director of risk management do?

A director of risk management oversees an organization's strategies to identify, assess, and mitigate financial, operational, and compliance risks. They develop policies, lead risk assessment teams, and ensure risk management practices align with regulatory requirements, often using tools like risk management software. Strong leadership, analytical skills, and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $120,000 to $200,000 annually, depending on the industry, location, and experience. They often oversee risk assessment teams, develop risk mitigation strategies, and may hold certifications such as FRM or CRM. Compensation can also include bonuses and benefits aligned with organizational size and complexity.

What is the difference between Director Model Risk Management vs Model Validation Manager?

AspectDirector Model Risk ManagementModel Validation Manager
CredentialsAdvanced degrees (e.g., Master’s, PhD), certifications like FRM or CFASimilar credentials, often with FRM or CFA
Work EnvironmentStrategic oversight, cross-department collaboration, senior leadershipTechnical validation, model testing, detailed analysis
Industry UsageUsed in banking, finance, risk management departmentsCommon in model development and validation teams
Search/Comparison IntentUnderstanding leadership roles in risk managementFocus on technical validation and model testing

The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking industries that involves identifying, assessing, and mitigating risks associated with mathematical and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.
What cities are hiring for Director Model Risk Management jobs? Cities with the most Director Model Risk Management job openings:
What are the most commonly searched types of Model Risk Management jobs? The most popular types of Model Risk Management jobs are:
What states have the most Director Model Risk Management jobs? States with the most job openings for Director Model Risk Management jobs include:
Director Model Risk Management jobs near you

Model Risk Manager

Associatedbank

Omaha, NE • On-site

Full-time

Retirement, PTO

Re-posted 23 days ago

Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Role Summary
The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide independent challenge, and enhance model risk governance. The position offers the opportunity to influence enterprise-wide risk management strategies and work closely with senior leadership, regulators, and business partners.

Key Accountabilities

  • Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework.

  • Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments.

  • Partner with business lines to ensure consistent application of model risk standards and regulatory expectations.

  • Analyze model risk trends, identify emerging risks, and provide independent challenge and risk-based recommendations.

  • Develop policies, procedures, and reporting that support strong model risk management practices.

  • Serve as the primary liaison with regulators, independent reviewers, and testing teams for model risk-related activities.

  • Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects.

  • Provide training, guidance, and development opportunities that strengthen risk awareness and program effectiveness.

Education & Experience

Required

  • Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business Administration, Audit, Compliance, or a related field, or an equivalent combination of education and experience.

  • 8+ years of experience in the financial services industry with senior-level responsibilities related to Model Risk Management or Operational Risk Management.

  • Advanced knowledge of risk management frameworks, controls, and regulatory requirements.

  • Experience developing, implementing, and overseeing enterprise risk management programs.

  • Strong analytical, communication, and stakeholder management skills.

Preferred

  • Experience leading cross-functional projects and strategic initiatives.

  • Experience interacting with and influencing senior leaders and executive stakeholders.

  • Professional certifications related to Risk Management, Model Risk Management, Audit, or Compliance.

  • Experience supporting regulatory examinations, audits, or independent reviews.

Why You'll Love Working Here

At Associated Bank, you'll have the opportunity to work alongside talented professionals who are committed to collaboration, innovation, and continuous learning. We invest in your professional growth through development opportunities, leadership exposure, and meaningful work that influences the future of the organization. If you're ready to help shape a strong risk culture and drive enterprise-wide impact, apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.


The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.


For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.


$141,890.00 - $243,240.00 per year

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