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Model Risk Jobs (NOW HIRING)

Associatedbank

Model Risk Manager

Green Bay, WI

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Associatedbank

Model Risk Manager

Omaha, NE

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Associatedbank

Model Risk Manager

Chicago, IL

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Associatedbank

Model Risk Manager

Minneapolis, MN

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Associatedbank

Model Risk Manager

Milwaukee, WI

Role Summary The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best ...

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ

Model Risk Analyst Location: CityScape What you'll do: Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put ...

UnitedHealth Group

Model Risk Analyst

Dallas, TX · On-site

The Model Risk Analyst will be responsible for executing on model governance and model validations in alignment with the Bank's Model Risk Management ("MRM") governance framework. The Model Risk ...

NC SECU

Model Risk Analyst

Raleigh, NC · Hybrid

Position Overview: Assist in the development, implementation, and maintenance of the Model Risk Management (MRM) program within SECU through the development and validation of statistical models ...

Sunflower Bank NA

Model Risk Analyst

Dallas, TX · On-site

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Dallas, TX · Hybrid

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sallie Mae

Manager, Model Risk

Newark, DE · On-site

May manage a Model Risk team and provide guidance, support, and mentorship to team members. * Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Denver, CO · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

UnitedHealth Group

Model Risk Analyst

Dallas, TX · Hybrid

The Model Risk Analyst will be responsible for executing on model governance and model validations in alignment with the Bank's Model Risk Management ("MRM") governance framework. The Model Risk ...

Sallie_mae

Manager, Model Risk

Sterling, VA

May manage a Model Risk team and provide guidance, support, and mentorship to team members. * Implement a comprehensive model risk management framework, policies, and procedures to ensure compliance ...

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All JobsModel Risk Jobs

Model Risk information

See salary details

$14

$30

$74

How much do model risk jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for model risk in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 per hour, depending on experience, location, and employer.

What are some typical challenges faced by professionals working in Model Risk, and how can they be addressed?

Professionals in Model Risk often encounter challenges such as ensuring model accuracy, managing regulatory compliance, and effectively communicating complex technical findings to non-technical stakeholders. Addressing these challenges requires a strong understanding of both quantitative modeling and relevant regulations, as well as strong collaboration skills to work with model developers, auditors, and business units. Staying informed about evolving regulatory standards and participating in ongoing training can also help model risk professionals remain effective and add value to their organizations.

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

To thrive as a Model Risk Analyst, you need a solid background in quantitative analysis, statistics, or finance, often supported by an advanced degree in a related field. Familiarity with model validation tools, programming languages such as Python or R, and regulatory frameworks like SR 11-7 is essential. Strong analytical thinking, attention to detail, and effective communication skills are crucial for evaluating models and presenting findings to stakeholders. These skills ensure model integrity, regulatory compliance, and risk mitigation in financial institutions.

What is the difference between Model Risk vs Model Validation?

AspectModel RiskModel Validation
Primary FocusIdentifying, assessing, and mitigating risks associated with modelsEvaluating and testing models to ensure accuracy and reliability
Required CredentialsQuantitative skills, risk management certifications, industry experienceQuantitative expertise, validation certifications, industry knowledge
Work EnvironmentRisk management teams within financial institutions or firmsModel validation teams, often within risk or model development departments
Industry UsageUsed across banking, insurance, and investment firms to manage model-related risksCommonly employed in financial services to verify model performance

Model Risk focuses on managing the potential negative impacts of models, including errors and misuse, while Model Validation concentrates on testing and confirming the accuracy and robustness of models. Both roles are essential in financial industries to ensure models are reliable and risks are minimized.

What is model risk?

Model risk refers to the potential for adverse consequences resulting from decisions based on incorrect or misused models. In financial institutions, model risk can arise if a model's assumptions are flawed, if the data input is poor, or if the model is applied inappropriately. Managing model risk involves validating models, monitoring their performance, and ensuring that they are used within their intended scope. Effective model risk management helps organizations avoid significant financial losses and comply with regulatory requirements.
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Model Risk jobs near you
Infographic showing various Model Risk job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.

Model Risk Manager

Associatedbank

Green Bay, WI

Full-time

Retirement, PTO

Posted 16 days ago

Job description

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

Role Summary
The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide independent challenge, and enhance model risk governance. The position offers the opportunity to influence enterprise-wide risk management strategies and work closely with senior leadership, regulators, and business partners.

Key Accountabilities

  • Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework.

  • Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments.

  • Partner with business lines to ensure consistent application of model risk standards and regulatory expectations.

  • Analyze model risk trends, identify emerging risks, and provide independent challenge and risk-based recommendations.

  • Develop policies, procedures, and reporting that support strong model risk management practices.

  • Serve as the primary liaison with regulators, independent reviewers, and testing teams for model risk-related activities.

  • Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects.

  • Provide training, guidance, and development opportunities that strengthen risk awareness and program effectiveness.

Education & Experience

Required

  • Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business Administration, Audit, Compliance, or a related field, or an equivalent combination of education and experience.

  • 8+ years of experience in the financial services industry with senior-level responsibilities related to Model Risk Management or Operational Risk Management.

  • Advanced knowledge of risk management frameworks, controls, and regulatory requirements.

  • Experience developing, implementing, and overseeing enterprise risk management programs.

  • Strong analytical, communication, and stakeholder management skills.

Preferred

  • Experience leading cross-functional projects and strategic initiatives.

  • Experience interacting with and influencing senior leaders and executive stakeholders.

  • Professional certifications related to Risk Management, Model Risk Management, Audit, or Compliance.

  • Experience supporting regulatory examinations, audits, or independent reviews.

Why You'll Love Working Here

At Associated Bank, you'll have the opportunity to work alongside talented professionals who are committed to collaboration, innovation, and continuous learning. We invest in your professional growth through development opportunities, leadership exposure, and meaningful work that influences the future of the organization. If you're ready to help shape a strong risk culture and drive enterprise-wide impact, apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

  • Retirement savings including both 401(k) and Pension plans.

  • Paid time off to volunteer in your community.

  • Opportunities to connect with others through our diversity-focusedColleague Resource Groups.

  • Competitive salaries with professional development and advancement opportunities.

  • Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.


The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.


For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.


$141,890.00 - $243,240.00 per year

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