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Model Risk Management Jobs in Wisconsin (NOW HIRING)

Bellin

Risk & Insurance Specialist

Green Bay, WI · On-site

$95K/yr

Associate in Risk Management (ARM) or Certified Risk Manager (CRM) preferred. Experience: 3-4 years ... Our personalized patient care model is only the beginning of what you will experience as we foster ...

WPS

Director of Cyber Risk & Assurance

Madison, WI · On-site +1

$185K - $225K/yr

Enjoy leading the Cyber Risk & Assurance function encompassing governance, risk management, compliance coordination, and executive-level cyber risk reporting. * Can drive a risk-based assurance model ...

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Model Risk Management information

See Wisconsin salary details

$36.8K

$83.1K

$139.3K

How much do model risk management jobs pay per year?

As of Jun 20, 2026, the average yearly pay for model risk management in Wisconsin is $83,100.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,100.00 and $91,300.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Model Risk Management position, and why are they important?

To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.

What are some common challenges faced by professionals in Model Risk Management roles?

Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.

What is a Model Risk Management job?

A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.

What is the salary of model risk validation?

Model risk validation professionals typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in statistical modeling and regulatory knowledge can earn higher salaries, often exceeding $180,000. Certifications such as FRM or CFA can also influence compensation in this field.

Is model risk management a good career?

Model risk management is a specialized field focused on identifying and mitigating risks associated with financial and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is in demand within financial institutions, regulatory agencies, and consulting firms, making it a stable career choice for those interested in risk analysis and quantitative methods.

What do model risk managers do?

Model risk managers are responsible for identifying, assessing, and mitigating risks associated with financial and operational models used within an organization. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using specialized tools and techniques. Their work helps prevent model errors from leading to financial loss or regulatory issues.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, especially in financial institutions or large corporations.
What are the most commonly searched types of Model Risk Management jobs in Wisconsin? The most popular types of Model Risk Management jobs in Wisconsin are:
What are popular job titles related to Model Risk Management jobs in Wisconsin? For Model Risk Management jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Wisconsin look for? The top searched job categories for Model Risk Management jobs in Wisconsin are:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Wisconsin as of June 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $83,100 per year, or $40 per hour.

Risk Manager - Construction

Turner & Townsend

Milwaukee, WI

Full-time

Posted 6 days ago

Job description

Company Description

From the inception of a project through to completion and beyond, Turner & Townsend help to deliver the outcomes that matter through transformational projects covering the full spectrum of consultancy, project delivery and post-project operations. 

With offices located globally, you're never far away from our services. With over 22,000 specialists in more than 60 countries, we blend local knowledge with global insight to tackle challenges of any scale.   

Our team is dynamic, innovative and client-focused, supported by an inclusive and fun company culture. Our clients value our proactive approach, depth of expertise, integrity and the quality we deliver. As a result, our people get to enjoy working on some of the most exciting projects in the world. 

Turner & Townsend is seeking a risk analyst with a background in life sciences facilities projects to join our team to support project management function on a large-scale project. The ideal individual will have a proven track record of successfully delivering construction project control services.

Job Description

Turner & Townsendis looking for aRisk Managerto join our growing team. The ideal individual will be an experienced risk professional that has supported large scale construction projects. 

Responsibilities: 

  • Maintain visibility of threat/opportunity trigger points to facilitate risk cost profiling, timely drawdown of risk budget or retirement of threat/opportunity. 
  • Use risk data to inform investment planning. 
  • Monitor overall risk exposure and assess the remaining risk budget. 
  • Work with contractors to assess contractors held risks and their views on client held risks that impact upon them. 
  • Produce risk reports as required, in a timely manner, to support the effective communication of threat and opportunity status. 
  • Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. 
  • Initiate a proactive approach to the review, development and improvement of risk management services for the client. 
  • Undertake end-to-end project risk management practices on multiple projects/programs. 
  • Undertake the creation of risk management plans and processes in adherence to client requirements, processes, policies, and frameworks. 
  • Conduct risk reviews at regular intervals, identify and analyze, determine response plans, ensure that project and program risk profiles are being monitored and reported. 
  • Lead and run a comprehensive schedule and cost-effective risk assessment (QCRA & QSRA) process is delivered. 
  • Establish integration of the risk management function within the program and project controls team, with direct touch points to cost and schedule management, change control, and reporting. 
  • Work proactively and collaboratively with program and project control teams to eliminate redundancies and identify improvement opportunities. 
  • Provide opportunities to facilitate the transfer of knowledge within the immediate risk team, to the greater project controls team, and to the client. The transfer of knowledge may include informal one-on-one discussions with client stakeholders and more formal presentations to clients and colleagues. 
  • Create value stream mapping to quantify pain points and develop solutions to minimize waste (both in terms of speed and cost). 
  • Collaborate on the supplier performance management program including the collection of performance metrics and tracking supplier improvement action plans. 
  • Demonstrate a level of support to expert witnesses in arbitral or ligation processes. 
  • Lead, manage, and carry out construction stage contract and claims management. 
  • Carry out assessment of contractual claims in accordance with the contract. 
  • Provide strategic and contractual advice on disputes and related resolution issues. 
  • Evaluate delay recovery measures. 
  • Carry out change management and construction stage cost control. 
  • Supervise the measurement and valuation of completed works and variations. 
  • Manage the settlement of final accounts with contractors 
  • SOX control responsibilities may be part of this role, which are to be adhered to where applicable. 
Qualifications
  • Bachelor's degree in construction management, cost management, quantity surveying, engineering or field related to construction. 
  • Minimum 5-7 years of applicable experience 
  • Relevant construction project procurement and contract management experience. 
  • Demonstrated experience within a Program Management or Program Controls environment 
  • Deep knowledge and experience with risk identification, facilitation and techniques. 
  • Strong communication, analytical and negotiation skills. 
  • In-depth understanding of construction contracts, commercial models, and delivery methods. 
  • Proficient in process mapping, root causes analysis, problem solving, and value-stream mapping. 
  • Familiarity with web-based database tools - ARM, Predict, Tableau 
  • Highly self-motivated, analytical, and customer centric. 
  • Excellent communication skills. 
Additional Information

*On site presence could changer per client's needs.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. 

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community. 

Please find out more about us atwww.turnerandtownsend.com/ 

Turner & Townsend does not accept any speculative or unsolicited CV's that have been sent to our internal recruitment team or hiring managers from agencies outside of our preferred supplier list or that have not followed due process. Any speculative or unsolicited CV's will be treated as a direct application. 

All your information will be kept confidential according to EEO guidelines. 

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal e-mail accounts, are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend, there must be a formal written agreement in place and the agency must be invited, by the Recruitment Team, to submit candidates for review. 

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