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Model Risk Manager 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 ...

CSAA

Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...

CSAA

Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...

CSAA

Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...

CSAA

Collaborate with cross-functional partners (Technology, Data, Underwriting, Delivery, State Management, Distribution, Implementation, Legal, Compliance, Privacy, and Model Risk Management) to ensure ...

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 Manager information

See Wisconsin salary details

$52K

$112.6K

$171.6K

How much do model risk manager jobs pay per year?

As of Jun 19, 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 are some 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 the key skills and qualifications needed to thrive as a Model Risk Manager, and why are they important?

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 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 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 June 2026, with employment types broken down into 2% Internship, 91% Full Time, 2% Part Time, 2% Temporary, and 3% Contract. Highlights an 87% In-person, 3% Hybrid, and 10% Remote job distribution, with an average salary of $112,599 per year, or $54.1 per hour.
Senior Manager Cyber Risk & Governance

Senior Manager Cyber Risk & Governance

Alliant Energy

Madison, WI • On-site

Full-time

Medical, Retirement, PTO

Posted 26 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

Bring YOUR energy to Alliant Energy!
At Alliant Energy, our purpose is to serve customers and build stronger communities. We are passionate about powering beyond the market challenges of today, while powering what's next in energy. When our employees say "I am energy", it means they take pride in the work we do when disaster strikes, as well as all the days in between. We want you to be safe, happy and healthy. That's why we prioritize safety, offer volunteer opportunities and provide competitive pay, comprehensive health and retirement benefits, tuition reimbursement and paid time off.
Job Summary
Senior Manager Cyber Risk & Governance leads Alliant Energy's cybersecurity governance, cyber risk management, vendor cyber risk, and security awareness programs, while representing the cyber component of the enterprise privacy program. This role contributes to the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) 2.0 'Govern' function, driving outcomes and metrics that strengthen organizational resilience. The position chairs cybersecurity councils and ensures alignment with enterprise risk management strategies and regulatory requirements. It is accountable for policy and standards development, cyber risk quantification, financial impact modeling, and leading governance initiatives and internal change management. This role partners closely with business leaders to embed cybersecurity governance into strategic decision-making and fosters a culture of risk awareness across the enterprise.
What you will do
  • 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.

Education Requirements
  • Master's or Advanced Degree Computer Science, Engineering, Information Technology, STEM or related field Preferred.

Required Experience
  • 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.

Certifications
  • CISSP, CISM, or CIPP/US Preferred.

Knowledge, Skills, and Abilities
  • 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.

Key Skills
  • 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

Our people are passionate about what they do, the product they sell, and the customers they serve. If you're looking for an opportunity to be a part of a work family that values collaboration, innovation and dedication, we're the right company for you.
Alliant Energy offers a comprehensive total rewards package including competitive compensation and benefit programs. Information on these benefit programs is available on our Careers site.
Pay Range:
$146,000-$200,000
This position is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
It's not just what we do; it's how we do it.
Live Safety. Everyone. Always | Make Things Better | Care For Others | Do The Right Thing | Act For Tomorrow | Think Beyond. Be Bold
Alliant Energy and its subsidiaries are committed to creating a culture of belonging and is proud to be an Equal Opportunity Employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other basis prohibited by law.
All candidates selected for employment with Alliant Energy will be required to successfully complete a background check, and a drug screen where applicable.
Disclaimer:
The above information on this description has been crafted to indicate the general nature and level of work performed by employees within this classification. It is not crafted to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
Applicants in need of a reasonable accommodation for any part of the hiring process, please email talent@alliantenergy.com.

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