ZipRecruiter

Log In

1

Financial Risk Manager Jobs in Madison, WI (NOW HIRING)

Santander

Associate, Market Risk

Madison, WI · On-site

$90K - $155K/yr

Solid knowledge of financial products, market risk metrics and valuation techniques. * Strong reporting, project management and organizational skills * Solid quantitative skills * Strong analytical ...

First Business Bank

Risk & Compliance Intern

Madison, WI · On-site

$40K - $48K/yr

FBIZ), multi-billion dollar, commercially focused financial services company based in Madison ... Third Party Risk Management - Set up of existing vendors within the bank's vendor management system ...

New

First Business Bank

Risk & Compliance Intern

Madison, WI · On-site

$40K - $48K/yr

FBIZ), multi-billion dollar, commercially focused financial services company based in Madison ... Third Party Risk Management - Set up of existing vendors within the bank's vendor management system ...

New

Craft3

Credit Risk

Oregon, WI · On-site

As a nonprofit community lender founded in 1994, we provide responsible financing and support to ... Manage multiple projects simultaneously and prioritize workload effectively. * Coordinate credit ...

Sub-Zero Group, Inc.

GRC Analyst I

Madison, WI · On-site

Associate's or Bachelor's degree in enterprise risk management, information technology, cybersecurity, business administration, finance, accounting, or related field. * 0-3 years of relevant ...

Imedica

Finance Manager, Clinical FP&A

Madison, WI · On-site

$88K - $152K/yr

Maintain strong financial controls and risk management practices. * Assist in implementing and improving financial processes and reporting systems. Leadership & Collaboration * Build strong ...

First Business Bank

Risk & Compliance Intern

Madison, WI · On-site

$40K - $48K/yr

FBIZ), multi-billion dollar, commercially focused financial services company based in Madison ... Third Party Risk Management - Set up of existing vendors within the bank's vendor management system ...

New

next page

Showing results 1-20

All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Madison, WI

Financial Risk Manager information

See Madison, WI salary details

$51.9K

$112.4K

$171.3K

How much do financial risk manager jobs pay per year?

As of Sep 11, 2026, the average yearly pay for financial risk manager in Madison, WI is $112,407.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,700.00 and $130,000.00 per year, depending on experience, location, and employer.

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 are the key skills and qualifications needed to thrive as a financial risk manager?

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 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.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What job categories do people searching Financial Risk Manager jobs in Madison, WI look for?

The top searched job categories for Financial Risk Manager jobs in Madison, WI are:

What cities near Madison, WI are hiring for Financial Risk Manager jobs?

Cities near Madison, WI with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Madison, WI as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, and 3% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $112,407 per year, or $54 per hour.

Senior Procurement and Risk Manager-Midwest

Lake Mills, WI • On-site

Daybreak Foods, Inc.
Food and Drink Manufacturing • 201 - 500 employees
Learn more about Daybreak Foods, Inc.external

$93K - $126K/yr

Full-time

Re-posted 11 days ago

Daybreak Foods rating

7.4

Company rating: 7.4 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

*Candidates must currently reside in Wisconsin, Minnesota, Iowa, Illinois, Ohio, or Michigan, or be willing to relocate to the Lake Mills, Wisconsin area* 
Summary 

The Senior Procurement and Risk Manager is responsible for leading strategic sourcing, supplier risk management, and procurement governance across the organization. This role will oversee the strategic purchasing of bulk and specialty feed ingredients (corn, soybean meal, DDGS, fats/oils, etc.) and managing supplier contracts to ensure a reliable, cost-effective supply for a large layer operation. This role requires strong market awareness, negotiation skills, and close coordination with nutrition, feed mill, and operations teams. The Senior Procurement and Risk Manager will also oversee the Assistant Buyer, who manages the day-to-day purchasing of macro and micro ingredients, and provide guidance on supplier relationships and inventory planning.

Key Responsibilities

Strategic Procurement Leadership

  • Develop and execute enterprise-wide procurement strategies to optimize cost, quality, service, and supply reliability.
  • Lead category management strategies, including supplier segmentation, contracting, and long-term sourcing plans.
  • Drive value creation through cost reduction initiatives, demand management, and total cost of ownership analysis.

Risk Management & Supply Assurance

  • Identify, assess, and mitigate procurement and supply-chain risks, including supplier concentration, market volatility, geopolitical risk, and regulatory exposure.
  • Establish and maintain supplier risk assessment frameworks, contingency plans, and business continuity strategies.
  • Monitor commodity markets, supplier financial health, and external risk indicators to proactively manage exposure.

Supplier Management & Governance

  • Lead supplier selection, qualification, performance management, and relationship development.
  • Negotiate complex, high-value contracts, including pricing structures, risk-sharing mechanisms, and service-level agreements.
  • Ensure compliance with internal procurement policies, ethical sourcing standards, and applicable regulations.

Cross-Functional Collaboration

  • Partner with finance on budgeting, forecasting, hedging strategies, and cost-risk modeling.
  • Collaborate with operations and planning teams to align sourcing strategies with production and inventory needs.
  • Work with legal and compliance teams to manage contract risk, regulatory compliance, and dispute resolution.

Leadership & Process Improvement

  • Provide leadership, mentorship, and development to procurement and risk management team members.
  • Establish and improve procurement processes, controls, and reporting tools.
  • Lead digital procurement initiatives, including ERP, sourcing platforms, and risk-monitoring tools.

Education and/or Experience

Required

  • Bachelor’s degree in supply chain management, Business, Finance, Economics, or related field.
  • 8–10 years of progressive experience in procurement, sourcing, and/or supply chain risk management.
  • Proven experience managing strategic suppliers and complex contracts.
  • Strong understanding of risk management frameworks and commodity or market-based pricing.

Preferred

  • Master’s degree or MBA.
  • Professional certifications (e.g., CPSM, CIPS, CSCP, CRM).
  • Experience in manufacturing, agriculture, food production, or other asset-intensive industries.
  • Experience with hedging, futures, or financial risk management strategies.

Knowledge, Skills and Abilities

  • Strategic thinking and executive-level communication
  • Advanced negotiation and contract management
  • Risk assessment and mitigation
  • Financial and data analysis
  • Leadership and change management

Work Environment

  • Primarily office-based with frequent contact with feed mills, nutrition, and suppliers.
  • Some travel to suppliers, mills, and industry meetings required

What Daybreak Foods employees say

Pay

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply