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Financial Risk Specialist Jobs in Wisconsin (NOW HIRING)

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Financial Risk Specialist information

See Wisconsin salary details

$31.8K

$75.2K

$118.1K

How much do financial risk specialist jobs pay per year?

As of May 28, 2026, the average yearly pay for financial risk specialist in Wisconsin is $75,225.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,500.00 and $94,900.00 per year, depending on experience, location, and employer.

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

To thrive as a Financial Risk Specialist, you need strong analytical skills, a solid understanding of financial markets, and a relevant degree in finance, economics, or mathematics. Familiarity with risk assessment tools, statistical software (such as SAS or MATLAB), and professional certifications like FRM or CFA are typically required. Excellent problem-solving, attention to detail, and effective communication skills help you interpret data and collaborate with stakeholders. These competencies are crucial for accurately identifying, assessing, and mitigating financial risks to protect an organization’s assets and ensure regulatory compliance.

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

Financial Risk Specialists often collaborate with departments such as compliance, operations, and IT to assess and manage organizational risks. A common challenge is translating complex risk models and regulatory requirements into actionable steps that non-experts can understand and implement. Effective communication and adaptability are crucial, as priorities may shift quickly in response to emerging risks or regulatory changes. Building strong relationships across teams helps ensure risk controls are properly integrated into business processes.

What does a Financial Risk Specialist do?

A Financial Risk Specialist is responsible for identifying, analyzing, and mitigating risks that could impact a company's financial health. They assess potential threats related to market fluctuations, credit exposure, operational procedures, and regulatory compliance. Using quantitative models, they evaluate risk levels and recommend strategies to minimize losses. Their work helps organizations make informed decisions and maintain financial stability.

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

AspectFinancial Risk SpecialistCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, accounting, or related; often CFA or similar certifications
Work EnvironmentFinancial institutions, consulting firms, risk management departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors focusing on risk assessment and mitigationPrimarily in banking and lending for credit evaluation

The main difference is that a Financial Risk Specialist focuses on identifying and managing overall financial risks within an organization, including market, credit, and operational risks. In contrast, a Credit Analyst primarily evaluates the creditworthiness of individual borrowers or companies to determine lending risk. Both roles require similar credentials and often work in related environments, but their focus areas differ significantly.

What are popular job titles related to Financial Risk Specialist jobs in Wisconsin? For Financial Risk Specialist jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Financial Risk Specialist jobs in Wisconsin look for? The top searched job categories for Financial Risk Specialist jobs in Wisconsin are:
Financial Risk Specialist jobs near you
Infographic showing various Financial Risk Specialist job openings in Wisconsin as of May 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 3% Hybrid, and 3% Remote job distribution, with an average salary of $75,225 per year, or $36.2 per hour.
Payroll & Benefits Specialist

Payroll & Benefits Specialist

Old Republic Risk Management

Brookfield, WI • Hybrid

$48.80K - $63.90K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Payroll & Benefits Specialist | Brookfield, WI (Onsite to Hybrid)
About the Company
At Old Republic Risk Management, we don’t just support businesses—we help power some of the largest organizations in North America. For decades, we’ve partnered with Fortune 500 companies and industry leaders, pioneering innovative approaches to risk management and insurance solutions. Our culture is grounded in expertise, collaboration, and long-term relationships, creating an environment where every Payroll Specialist plays a meaningful role in our continued success. As a Payroll Specialist, you’ll join a team that values precision, trust, and professional growth while working in a dynamic and supportive workplace.
Duties
The Payroll & Benefits Specialist will administer and oversee bi-weekly payroll operations for multiple entities while ensuring accuracy, compliance, and timely processing. This Payroll & Benefits Specialist role includes analyzing and reconciling payroll, timekeeping, PTO, tax, and benefits data while independently resolving discrepancies and employee issues.
 
 
The Payroll & Benefits Specialist will serve as a subject matter expert for payroll, timekeeping, and benefits systems, troubleshoot system issues, coordinate with vendors, and recommend process improvements. Responsibilities also include administering employee benefit programs, supporting retirement and pension activities, reconciling benefit billing, processing qualifying life events, and maintaining employee records and documentation.
 
 
In addition, the Payroll & Benefits Specialist will generate payroll and workforce reports, support audits and compliance initiatives, assist with onboarding and employee status changes, and collaborate closely with Human Resources, Finance, leadership, auditors, and external partners
Experience
To succeed as a Payroll Specialist, you should bring an Associate’s or Bachelor’s degree in Human Resources, Accounting, Business, or a related field, along with at least two years of payroll experience. Multi-state payroll experience is highly valued for this Payroll Specialist opportunity. The ideal Payroll Specialist will have hands-on experience with payroll systems and timekeeping platforms, strong analytical skills, and a commitment to accuracy.
 
We’re looking for a Payroll Specialist who can balance technical expertise with strong communication skills, ensuring employees feel supported while maintaining compliance and operational excellence.
Benefits
  • Competitive salary
  • 401(k) Savings & Profit-Sharing Plan with company match
  • Roth investment options & 529 Education Savings Plan
  • Employee Referral Bonus Program
  • Medical, dental, and vision insurance
  • Life, disability, accident, and critical illness coverage
  • Pet insurance
  • Flexible Spending & Health Savings Accounts
  • Calm app subscription
  • 37.5-hour standard workweek
  • Generous PTO and paid holidays
  • Casual business attire
  • On-site fitness center (Brookfield)
  • Company events, volunteer opportunities, and team outings

Interested?  Click ‘apply’ and follow some very simple steps to get your resume in front of the Talent Acquisition Team. 
For this position, online skills assessment is required to be taken for Excel 365. As part of the consideration process, a satisfactory score must be achieved on the assessment to continue to be considered. 
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Old Republic Risk Management is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.