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

This role offers exposure to enterprise risk programs and opportunities to grow your expertise in financial services risk management. Key Accountabilities * Support audits and regulatory inquiries by ...

This role offers exposure to enterprise risk programs and opportunities to grow your expertise in financial services risk management. Key Accountabilities * Support audits and regulatory inquiries by ...

Credit Risk Reviewer

Milwaukee, WI · Hybrid

$74K - $138K/yr

As a critical component of risk management at BMO, this work provides vital assurance to the Board ... Strong finance and accounting practice skills. * Deep knowledge and technical proficiency gained ...

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Financial Risk Manager information

See Milwaukee, WI salary details

$50.7K

$109.9K

$167.5K

How much do financial risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for financial risk manager in Milwaukee, WI is $109,910.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,700.00 and $127,100.00 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 job categories do people searching Financial Risk Manager jobs in Milwaukee, WI look for? The top searched job categories for Financial Risk Manager jobs in Milwaukee, WI are:
What cities near Milwaukee, WI are hiring for Financial Risk Manager jobs? Cities near Milwaukee, WI with the most Financial Risk Manager job openings:

Finance Project Manager

Tri-City Group

Port Washington, WI

Full-time

Posted 28 days ago


Job description

Tri-City Group is currently seeking a Finance Project Manager for an immediate opening in Port Washington, WI.This role is responsible for financial planning, ensuring that goals and contractual agreements are met. Analyzes all moving parts as it relates to mitigating financial risk, and makes recommendations to keep projects within budget.


Responsibilities include but are not limited to:

  • Develop and manage project budgets from pre-construction through completion
  • Monitor project costs, track variances, and recommend corrective actions
  • Update financial forecasts based on project progress, change orders, and actual costs
  • Manage cash flow forecasting and financial analysis for projects
  • Prepare and submit progress billings (AIA or client-specific formats)
  • Track receivables, manage collections, and reconcile payments
  • Maintain accurate cost coding and financial records
  • Prepare monthly and quarterly financial reports and performance analysis
  • Support project closeout with final cost reporting and variance analysis
  • Ensure compliance with accounting standards, internal controls, and contract requirements
  • Identify financial risks and support mitigation strategies
  • Collaborate with project managers, estimators, subcontractors, and leadership
  • Participate in project meetings and provide financial insights
  • Recommend and implement process improvements to enhance efficiency and accuracy


Qualifications:

  • Bachelor's degree in Finance, Accounting, Construction Management, or related field
  • 5-7+ years of experience in financial management, project controls, or construction finance
  • Strong understanding of job cost accounting, forecasting, and WIP reporting
  • Experience with construction ERP systems (JD Edwards, ViewPoint)
  • Advanced Excel skills - Formulas, and forecasting
  • Experience working with Construction industry, large/hyper scale is preferred but not required


Candidates must possess strong analytical ability, attention to detail, and the ability to manage project budgets, forecasts, and cost tracking. They must be capable of identifying financial variances, solving problems, communicating clearly with both financial and non-financial stakeholders, and managing multiple priorities and deadlines in a fast-paced construction environment.


All job offers are contingent upon completing a successful drug screen and reference check. Tri-City Group is an equal opportunity employer.

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