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Model Risk Management Jobs in Wisconsin (NOW HIRING)

Credit Risk Reviewer

Milwaukee, WI · Hybrid

$74K - $138K/yr

Credit Risk Review Manager Conducts independent examinations of credits and portfolios to ensure ... Hybrid work model 3 days in the Chicago or Milwaukee office required (subject to change) *Job ...

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 ... Hybrid work model 3 days in the Chicago or Milwaukee office required (subject to change) *Job ...

Staff Accountant

Brookfield, WI · On-site

$52.10K - $68.60K/yr

We operate with an unbundled claims and risk control model and have been a pioneer in alternative insurance risk management since the 1950s. ORRM has partnered with Fortune 500 companies and other ...

Staff Accountant

Brookfield, WI

$52.10K - $68.60K/yr

We operate with an unbundled claims and risk control model and have been a pioneer in alternative insurance risk management since the 1950s. ORRM has partnered with Fortune 500 companies and other ...

Staff Accountant

Brookfield, WI

$52.10K - $68.60K/yr

We operate with an unbundled claims and risk control model and have been a pioneer in alternative insurance risk management since the 1950s. ORRM has partnered with Fortune 500 companies and other ...

Credit Risk Manager

Oregon, WI · Remote

$50 - $60/hr

Join to apply for the Credit Risk Manager role at DataAnnotation. We are looking for a Credit Risk ... modeling, data analysis, and other reasoning exercises related to finance management A current, in ...

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Showing results 1-20

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 May 28, 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 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 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 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:
Infographic showing various Model Risk Management job openings in Wisconsin as of May 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 88% In-person, 8% Hybrid, and 4% Remote job distribution, with an average salary of $83,100 per year, or $40 per hour.
Senior Manager Cyber Risk & Governance

Senior Manager Cyber Risk & Governance

Alliant Energy

Madison, WI • On-site

Full-time

Posted 4 days ago


Alliant Energy rating

8.4

Company rating: 8.4 out of 10

Based on 23 frontline employees who took The Breakroom Quiz


Job description

Job Summary:
Alliant Energy is focused on serving customers and building stronger communities. The Senior Manager Cyber Risk & Governance leads cybersecurity governance, cyber risk management, and security awareness programs while ensuring alignment with enterprise risk management strategies and regulatory requirements.
Responsibilities:
• Performs all leadership duties including, but not limited to, hiring and rewarding talent, fostering an inclusive and safe workplace, partnering with employees to set clear goals and expectations, providing timely and specific feedback on performance, developing improvement plans to address performance gaps, addressing conflict with care and respect, identifying opportunities for growth and development, embracing and modeling a mindset of lifelong learning, ensuring employees report to work fit for duty, adhering to our Code of Conduct and modeling Alliant Energy’s Core Values at all times.
• Develops and maintains cybersecurity policies, standards, and governance frameworks, ensuring compliance with regulatory frameworks and internal governance requirements.
• Responsible for overseeing governance, risk, and compliance processes, including maintaining the cybersecurity risk register and influencing system design to meet program objectives.
• Defines and monitors KRIs and KPIs for cyber governance and risk programs.
• Represents cybersecurity in enterprise privacy initiatives to ensure alignment with governance and regulatory requirements.
• Manages third-party/vendor cybersecurity risk and drive security awareness strategies to reduce human risk.
• Leads integration of IT and OT cybersecurity governance frameworks, ensuring alignment with operational technology risk management and regulatory standards.
• Collaborates with Finance and ERM to quantify financial impacts of cyber risks and integrate cost modeling into risk scoring and executive reporting.
• Establishes governance for emerging technologies, including AI/ML, ensuring compliance with enterprise risk appetite and regulatory guidance.
• Leads collaboration with the Cyber Transformation Office to support change management strategies, stakeholder engagement, and adoption of governance frameworks.
• Engages in other duties as needed that support Alliant Energy’s Values and helps deliver on our Purpose to serve customers and build stronger communities.
Qualifications:
Required:
• 10 year’s experience in cyber security governance, risk management, or related field.
• 4 years of supervisory experience.
• Experience with GRC Platforms, vendor risk tools, and privacy management systems.
• Demonstrates leadership and strategic planning skills, leveraging stakeholder influence, executive communication, and management expertise to drive alignment and foster adoption of governance frameworks.
• Ability to develop and implement cybersecurity policies, standards, and governance frameworks, ensuring compliance with enterprise risk, privacy, and regulatory requirements.
• Understands risk quantification methods and demonstrates ability to design and monitor key risk and performance indicators.
• Ability to apply financial modeling and cost-benefit analysis to inform risk-based decisions.
• Ability to work effectively in a collaborative and inclusive work environment.
• Access Control Management
• Application Security
• Cybersecurity Risk Management
• Identity Access Management
• Incident Management
• Information Security Risk Management
• IT Security Management
• Network Security Management
• NIST Cyber Security Framework (CSF)
• Security Governance
• Threat Modeling
• Vulnerability Management
Preferred:
• Master’s or Advanced Degree Computer Science, Engineering, Information Technology, STEM or related field
• CISSP, CISM, or CIPP/US
Company:
Alliant Energy operates as a regulated investor-owned public utility holding company. Founded in 1917, the company is headquartered in Madison, USA, with a team of 1001-5000 employees. The company is currently Late Stage.

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