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Model Risk Manager Jobs in Wisconsin (NOW HIRING)

CU Ninjas

WI · On-site

$100 - $150/hr

Continuously monitors model performance and input stability to detect variable drift and emerging ... Makes recommendations to management on current and future strategies and profitability projections

RBFCU Insurance Agency LLC

WI · On-site

$110 - $150/hr

Continuously monitors model performance and input stability to detect variable drift and emerging ... Makes recommendations to management on current and future strategies and profitability projections*

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Wisconsin

Model Risk Manager information

See Wisconsin salary details

$52K

$112.6K

$171.6K

How much do model risk manager jobs pay per year?

As of Aug 30, 2026, the average yearly pay for model risk manager in Wisconsin is $112,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,800.00 and $130,200.00 per year, depending on experience, location, and employer.

What does a model risk manager do?

A Model Risk Manager is responsible for identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. They ensure that models are accurate, reliable, and compliant with regulatory standards by overseeing validation processes and monitoring model performance. Their role often includes collaborating with model developers, conducting independent reviews, and implementing model governance frameworks to minimize potential losses or errors stemming from model misuse or inaccuracies.

What skills and qualifications are needed to be a model risk manager?

To thrive as a Model Risk Manager, you need a solid background in quantitative finance, statistics, or mathematics, often supported by an advanced degree and experience in model development or validation. Familiarity with programming languages such as Python or R, risk management frameworks, and regulatory requirements like SR 11-7 or ECB guidelines is typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for articulating complex model risks to stakeholders. These competencies are vital for ensuring the accuracy, compliance, and reliability of financial models within an organization.

What are common challenges a model risk manager faces when validating complex financial models?

Model Risk Managers often encounter challenges such as limited or incomplete data, evolving regulatory requirements, and the need to validate highly complex or proprietary models. They must work closely with model developers, quantitative analysts, and compliance teams to ensure all assumptions and methodologies are sound. Staying up to date with industry best practices and maintaining clear documentation are also crucial, as is effectively communicating findings to both technical and non-technical stakeholders.

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

AspectModel Risk ManagerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or mathematics; certifications like FRM or CFADegree in finance, economics, mathematics, or related fields; often CFA or CQF
Work EnvironmentFocus on risk management teams within financial institutions; regulatory complianceAnalytical roles within trading, investment, or banking divisions; model development
Employer & Industry UsageFinancial institutions, banks, asset managersInvestment firms, hedge funds, banks, financial services

The Model Risk Manager primarily oversees and mitigates risks associated with financial models, ensuring compliance and accuracy. In contrast, Quantitative Analysts develop and implement models to support trading, investment, or risk strategies. While both roles require strong quantitative skills and similar credentials, their focus areas differ—risk management versus model development and analysis.

What are popular job titles related to Model Risk Manager jobs in Wisconsin?

For Model Risk Manager jobs in Wisconsin, the most frequently searched job titles are:

What job categories do people searching Model Risk Manager jobs in Wisconsin look for?

The top searched job categories for Model Risk Manager jobs in Wisconsin are:

What cities in Wisconsin are hiring for Model Risk Manager jobs?

Cities in Wisconsin with the most Model Risk Manager job openings:

Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Wisconsin as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $112,599 per year, or $54.1 per hour.

Financial Crimes Model Risk Manager - Emerging Threats

Associated Bank

Green Bay, WI • On-site

Full-time

Retirement, PTO

Re-posted 22 days ago

Associated Bank rating

8.1

Company rating: 8.1 out of 10

Based on 41 frontline employees who took The Breakroom Quiz

65th of 173 rated banks

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
Associated Bank is seeking an experienced Financial Crimes Model Risk Manager-Emerging Threats to strengthen and advance our fraud prevention capabilities. In this role, you will identify emerging fraud threats, enhance detection strategies, and optimize controls that protect our customers and the bank. This is an opportunity to influence fraud prevention efforts, collaborate across teams, and drive measurable improvements in fraud detection performance.
Key Accountabilities
  • Monitor emerging fraud threats, technologies, and regulatory changes to maintain effective detection strategies.
  • Analyze fraud trends, digital activity, and behavioral patterns to identify risks and control gaps.
  • Design, test, deploy, and optimize fraud detection rules and decisioning strategies across platforms.
  • Partner with Cybersecurity, Technology, and Fraud Operations teams to enhance detection capabilities and data quality.
  • Evaluate detection performance metrics and provide actionable insights to improve effectiveness and customer experience.
  • Drive continuous improvements that increase fraud capture rates and reduce false positives and false negatives.
  • Maintain governance documentation, audit-ready records, and change management processes.
  • Support regulatory examinations and ensure compliance with applicable banking and fraud prevention standards.

Education & Experience
Required
  • Bachelor's degree in Computer Science, Information Security, Data Analytics, Finance, or a related field, or an equivalent combination of education and experience.
  • 7+ years of experience in fraud detection, financial crimes, cybersecurity analytics, or a related field.
  • Experience with fraud detection systems, rules engines, risk-based decisioning platforms, and machine learning-based models.
  • Strong understanding of online fraud typologies, account takeover schemes, and credential-based attacks.
  • Experience analyzing large datasets and translating findings into actionable fraud prevention strategies.

Preferred
  • Professional certifications such as CFE, CAMS, GIAC, CISSP, or equivalent.
  • Experience working within a regulated financial services environment.
  • Knowledge of banking regulations and industry guidance, including BSA/AML, privacy requirements, and FFIEC standards.

Why You'll Love Working Here
At Associated Bank, you'll have the opportunity to work on meaningful challenges that directly protect customers and strengthen the organization. We support continuous learning, career development, and collaboration across teams while fostering a culture where your ideas and expertise are valued. 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-focused Colleague Resource Groups.
  • Competitive salaries with professional development and advancement opportunities.
  • Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
  • Personal banking, loan, investment and 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 on Facebook, LinkedIn and X.
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 contact leavesandaccommodations@associatedbank.com if you need an accommodation at any time during the process.
Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.
Associated Bank is Pay Transparency compliant.
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.
$122,290.00 - $209,640.00 per year

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