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Manager Model Risk Management Jobs in Madison, WI

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Manager Model Risk Management information

See Madison, WI salary details

$43.8K

$104.5K

$168.8K

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

As of Sep 10, 2026, the average yearly pay for manager model risk management in Madison, WI is $104,495.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,100.00 and $133,000.00 per year, depending on experience, location, and employer.

What is the difference between Manager Model Risk Management vs Model Risk Analyst?

AspectManager Model Risk ManagementModel Risk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Master's in Finance or Risk), certifications like FRM or CFAOften requires similar credentials, such as FRM or CFA, but may have less emphasis on managerial certifications
Work EnvironmentLeads teams, manages risk frameworks, and interacts with senior managementPerforms detailed risk analysis, supports model validation, and reports findings
Employer & Industry UsageCommon in banking, asset management, and financial institutionsFound in similar environments, often as a supporting role to managers

The Manager Model Risk Management oversees the entire model risk framework, manages teams, and interacts with senior stakeholders. In contrast, the Model Risk Analyst focuses on detailed analysis, validation, and reporting of models. Both roles require similar credentials but differ in scope and responsibilities.

What are the most commonly searched types of Model Risk Management jobs in Madison, WI?

The most popular types of Model Risk Management jobs in Madison, WI are:

What are popular job titles related to Manager Model Risk Management jobs in Madison, WI?

For Manager Model Risk Management jobs in Madison, WI, the most frequently searched job titles are:

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

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

Manager Model Risk Management jobs near you

Director - Enterprise Risk Management

Madison, WI • On-site

Church Mutual Insurance, S.I.
See more jobs at Church Mutual Insurance, S.I.external

Full-time

Re-posted 11 days ago

Job description

BASIC PURPOSE:
Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's enterprise risks. Evaluate emerging risks and trends that may impact the company's risk appetite and present mitigation strategies. Prioritize risks within the company's ERM framework, enterprise risk register, and risk profile to ensure risks are managed to minimize negative financial and operational impact. Manage tools, practices, and policies to analyze and report enterprise risks; evaluate new methodologies and risk technologies for continuous improvement. Responsible for creating organizational awareness of risk management through training and education. Develop, maintain, and administer the Business Continuity Program. Supervisor responsibilities to include staffing, training and development, performance management, and workforce planning.
PRIMARY JOB RESPONSIBILITIES:
  • Supervisor/Manager responsibilities may include all of the following:
    • Staffing needs, to include interviewing and onboarding for new employees.
    • Training and development, as well as coaching and motivation, for staff.
    • Performance management, goal setting, employee engagement, and salary administration.
    • Workforce management to include: unit equipment, software, and space needs; approving time off and overtime usage; and budget recommendations.
  • Lead or coordinate the development, maintenance, and governance of Own Risk and Solvency Assessment materials, ensuring alignment with regulatory expectations, capital adequacy considerations, the ERM framework, and enterprise risk appetite.
  • Monitor emerging strategic, operations, financial, regulatory, cyber, technology, third-party data, and AI-related risks and recommend practical mitigation strategies that support risk-informed business decisions.
  • Lead the design, development, implementation, and ongoing enhancement of CM Group's ERM framework. Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, monitor, and report the company's enterprise risks.
  • Facilitate the determination of the company's risk appetite, tolerances, and limits. Identify and report key regulatory changes, external factors, emerging risks, and trends that might impact the company's risk profile and present mitigation strategies for management's review.
  • Develop, analyze, quantify, and prioritize risks within the company's risk universe, enterprise risk register, and risk profile. Develop and maintain Key Risk Indicators (KRIs), risk appetite metrics, and related reporting to actively monitor risk exposures and trends. Ensure risks are recognized and managed in a manner the minimizes negative financial and operational impact while supporting efficient, cost-effective mitigation strategies.
  • Ensure the ERM framework is appropriate to the nature, scale, and complexity of the business. Work with cross-functional business leaders to regularly identify key risks across all types and categories. Assess risks based on likelihood, impact, and level of mitigation.
    • Prepare and present ERM reporting, risk assessments, emerging risk updates, risk appetite results, ERI trends, and mitigation plans for senior leadership, management committees, the Risk Management Committee, Board-level audiences, regulators, and auditors, as appropriate.
  • Lead the Business Continuity Program. Complete risk analysis, business impact analysis, assessment, and evaluation for all CM Group internal departments and critical outsourced partners. Identify comprehensive strategic solutions to satisfy the various business, regulatory, and technology requirements.
  • Manage the development and delivery of training that facilitates corporate ERM and Business Continuity awareness.
  • Manage the development and implementation of tools, practices, policies, and risk technology solutions to analyze, monitor, and report enterprise risks.
  • Leverage internal and external relationships of the ERM Department to deliver projects on time. Exerts influence appropriately on outside teams to meet project deliverables while creating positive impact within the organization.
  • Professionally represent the company's position with regulators, auditors, rating agencies, external vendors, and other key stakeholders.

QUALIFICATIONS:
  • Professional certification or designation in risk management, business continuity, audit, information security, compliance, or a related discipline is preferred.
  • Bachelor's degree in business or a related field is required.
  • 12-15 years' risk management experience developing and implementing enterprise risk management programs, including writing policies and procedures, producing executive materials, supporting risk committees/meetings, and instituting industry best practice risk management principles and practices.
    • Experience supporting insurance regulatory reporting, ORSA-related activities, risk appetite development, KRI reporting, enterprise risk assessments, and management or Board-level risk governance forums is preferred.
  • Demonstrated management experience.
  • Proficient in current ERM tools, risk reporting processes, and, where applicable, governance, risk, and compliance technology platforms. Able to add to and/or build complex models, tools, dashboards, or reporting solutions and monitor their effectiveness. .
  • Excellent oral communication and writing skills to produce clear and concise materials.
  • High-level critical thinking skills, including strategic thinking, effective analysis of data, and the ability to aggregate information.
  • Strong project management discipline and demonstrated success overseeing multiple projects to completion.
  • Proven ability to foster productive relationships with diverse staff, including senior leadership.
  • Strong ability to influence and lead a successful team.
  • Detail oriented, with a hands-on approach.
  • Ability to travel as necessary.

WORK ENVIRONMENT:
Professional office environment.
NOTE: This job description in no way states or implies that these are the only duties performed by this employee. Employees may be requested to perform job-related tasks other than those specifically presented in this job description. The employer reserves the right to change or assign other duties to this position.
The CM Group is made up of Church Mutual Insurance Company, S.I., CM Regent Insurance Company, and CM Vantage Specialty Insurance Company.

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