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Financial Risk Manager Jobs in Wisconsin (NOW HIRING)

WRTP|BIG STEP

Finance Director

Milwaukee, WI · On-site

Advises executive leadership and the Board on financial planning, performance, and risk management. * Translates financial data into actionable insights to support strategic decision-making across ...

WRTP|BIG STEP

Finance Director

Milwaukee, WI · On-site

Advises executive leadership and the Board on financial planning, performance, and risk management. * Translates financial data into actionable insights to support strategic decision-making across ...

WRTP|BIG STEP

Finance Director

Milwaukee, WI

Advises executive leadership and the Board on financial planning, performance, and risk management. * Translates financial data into actionable insights to support strategic decision-making across ...

Bmo

Credit Risk Reviewer

Milwaukee, WI · Hybrid

$74K - $138K/yr

Credit Risk Review Manager Conducts independent examinations of credits and portfolios to ensure ... Strong finance and accounting practice skills. * Deep knowledge and technical proficiency gained ...

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Financial Risk Manager information

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$52K

$112.6K

$171.6K

How much do financial risk manager jobs pay per year?

As of May 31, 2026, the average yearly pay for financial risk manager in Wisconsin is $112,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,800.00 and $130,200.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges Financial Risk Managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What does a Financial Risk Manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

What are popular job titles related to Financial Risk Manager jobs in Wisconsin? For Financial Risk Manager jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Wisconsin look for? The top searched job categories for Financial Risk Manager jobs in Wisconsin are:
What cities in Wisconsin are hiring for Financial Risk Manager jobs? Cities in Wisconsin with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Wisconsin as of May 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution, with an average salary of $112,599 per year, or $54.1 per hour.
Senior Director, Enterprise Risk Governance & Strategy

Senior Director, Enterprise Risk Governance & Strategy

Northwestern Mutual Life Insurance Company

Milwaukee, WI • On-site

Full-time

Posted 14 days ago

Northwestern Mutual rating

8.0

Company rating: 8.0 out of 10

Based on 71 frontline employees who took The Breakroom Quiz

145th of 259 rated insurance

Job description

About the Job:
Lead enterprise efforts related to, and be recognized as the enterprise expert for establishment, maintenance, and operationalization of enterprise risk governance frameworks, structures, and practices that provide the foundation for effective risk management across the Company. Advance the integration of strategic risk management within the enterprise risk framework. Drive alignment and execution of these components of the enterprise risk framework in partnership with risk and business leaders across the Company. Lead the enterprise risk program management capability, including department planning, strategy, reporting, and finance. Contribute to other Enterprise Risk Management & Resiliency (ERMR) functions.
What You'll Do:
  • Lead governance elements of the enterprise risk framework across all risk classes, including risk policies, appetite, taxonomy, and scoring, and support the advancement of the Company's three lines model and process taxonomy. These elements conceptually underpin risk management across the enterprise.
  • Advance ERMR efforts to apply and adapt the Company's enterprise risk management framework to the strategic risk class, with guidance from the VP - Enterprise Risk, Solvency & Sustainability and other members of ERMR and the risk function, and working closely with appropriate business units, corporate functions, and their executives.
  • Partner with ERMR leaders, and other risk and business leaders across the Company, to drive alignment and execution of risk governance and strategic risk practices.
  • Provide strategic leadership and visioning, and deliver and oversee, holistic strategy, planning, finance, reporting and operations of the ERMR department, including as a member of the ERMR leadership team. Coordinate closely with members of the ERMR leadership team and other risk leaders to align related risk and resiliency workstreams / components of the enterprise risk framework. Advance reporting, service delivery, and outcomes to reflect increased responsibilities and complexity of ERMR department.
  • Support the continued maturation of enterprise risk governance roles, operating models, frameworks, and practices, including corporate committee risk oversight roles, practices, and reporting to the Enterprise Risk Executive Committee in its role as the senior risk governance structure. Partner with Corporate Governance and risk leaders across the enterprise on overall governance alignment, including with respect to Company subsidiaries, to dynamically, efficiently, and effectively support enhanced risk governance capabilities.

What Experience You'll Bring:
  • Bachelor's degree required; preferred bachelor's or advanced degree in risk management, finance, actuarial, business, law or related field.
  • Ten years of progressive experience, including 5 years of progressive, applicable leadership experience with exposure to senior management.
  • Three years of progressive risk management experience and deep understanding of the financial services industry and the environment the company operates in, including the unique risk culture of Northwestern Mutual.
  • Strategic Thinking: Ability to understand the Company's strategic direction and the connection between strategy and risk management.
  • Innovation / Transformation: Must be able to operate effectively within, and contribute to, a culture of innovation. Ability to think creatively and identify opportunities to redesign existing processes and/or develop new processes to facilitate transformation within ERMR and the Company.
  • Dealing with Ambiguity: Ability to effectively cope with constant change demonstrated by specific techniques to redirect own efforts and efforts of others. Includes the ability to help others efficiently cope with change and minimize the emotional impact.
  • Problem Solving: Demonstrated knowledge of and practical application of multiple problem-solving tools (including a total systems approach) addressing complex and unique problems. Established history of solving problems with effective solutions. Ability and determination to communicate difficult risk information and other situations to all levels of company management.
  • Leadership: Strong leadership skills, including excellent decision making, consultation, influence, and communication, and NM enterprise savvy to navigate, influence and inform multiple key internal stakeholders, as well as skill as a people-leader and in talent management and development.
  • Advisor: Trusted advisor and builder of strong, collaborative relationships with key business and risk partners to align and deliver on cross functional, enterprise solutions.
  • Enterprise Acumen: Strong finance, planning, strategy, and operations skills, including the ability to understand how initiatives drive business outcomes and drive work through the processes and procedures within NM to ensure leadership buy-in and execution quality.

#LI-Onsite, #LI-Hybrid
Compensation Range:
Pay Range - Start:
$144,000.00
Pay Range - End:
$216,000.00
Geographic Specific Pay Structure:
Structure 110:
$158,400.00 USD - $237,600.00 USD
Structure 115:
$165,600.00 USD - $248,400.00 USD
We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.
Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

What Northwestern Mutual employees say

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About Northwestern Mutual

Sourced by ZipRecruiter

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

Milwaukee, WI, US

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