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Model Risk Manager Jobs in Wisconsin (NOW HIRING)

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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:
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.
Account Manager, Property & Casualty

Account Manager, Property & Casualty

Risk Strategies

Brookfield, WI • On-site

Full-time

Posted 12 days ago


Risk Strategies rating

8.0

Company rating: 8.0 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

146th of 261 rated insurance


Job description

Our Parent Company in Milwaukee, WI is growing and looking to add experienced professionals to ourP&C team!This is an opportunity to step into a client-facing, strategic role where you'll have ownership, influence, and the ability to make a meaningful impact on both clients and their employees.These roles are ideal for individuals with a strong background in servicing and managing client relationships who enjoy collaborating with internal teams to deliver exceptional service, support compliance, and drive new business opportunities.

WHAT YOU'LL DO:

Designs, markets, and implements the most complex insurance programs.

Conducts strategic planning meetings with clients to discuss and recommend risk management programs.

Coordinates services between the client and the insurance company and provides day-to-day consulting and client advice.

Delegates to others and responsible for providing leadership and management to ensure all tasks are performed in a satisfactory manner by all involved.

Provides leadership to others on team and at company. Responsible for managing the work of others. Provide performance related feedback to others and assist them with their professional development.

Develops knowledge of a client's business and industry and their specific risk profile though their business model, asset portfolio, product and cash flow, loss history, etc. Identifies the client's exposure to loss and the means to address them; predominately through insurance risk transfer. Identifies tolerance to risk retention and service needs and protocols.

Collaborates in the development of a marketing plan to include creation of insurance specifications, time lines and complete market selections.

Negotiates with underwriters on behalf of our clients to develop the best program.

Creates insurance proposal to compare competitive insurance program options and recommend the best program for our clients.

Links risk identification, risk funding and service techniques to develop alternative program design strategies.

Monitors the risk transfer process: binder issuance, policy issuance reviews, service delivery, etc., for accuracy and timeliness.

Accurately completes the Renewal Information Request.

Develops and maintains relationships with underwriters and other service providers. Keeps abreast of changing market conditions and innovations.

Develops and maintains client service plans, manages mid-term changes and assists in Stewardship reviews.

Promptly and accurately responds to client requests. If responsibilities are delegated, follows through to ensure client received timely response.

Participates in identifying new business opportunities.

Attends Continuing Education classes.

WHAT YOU'LL NEED:

Bachelor's Degree in Business or equivalent work experience

8+ years related P&C experience

Licensed as a Producer of Property & Casualty in the state of WI

Able to demonstrate an expert level of knowledge with all assigned products, insurance coverages, services, policies, pricing, placement of coverage, regulations and benefits of each.

Expertise in the insurance industry with a demonstrated ability to explain our capabilities relative to our competitors.

Strong attention to detail.

Strong time management skills and the ability to evaluate and prioritize multiple projects/tasks to maximize the number of internal and external clients that can be assisted while maintaining a high level of customer service.

Demonstrates a sense of urgency.

Works in a collaborative, team-oriented manner, fostering empowerment and ownership for service quality.

Develops and maintains a working knowledge of systems.

Understands client profitability through an understanding of income, expenses and time utilized related to specific client needs.

This position may require routine or periodic travel which may require the teammate to drive their own vehicle or a rental vehicle. If required, acceptable results of a Motor Vehicle Record report at the time of hire and periodically thereafter, and maintenance of minimum acceptable insurance coverages are requirements of this position

Risk Strategies is the 9th largest privately held U.S. brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies is an Accession Risk Management Group company, with over 200 offices and more than 5,000 employees across the U.S. and Canada.

Our industry recognition includes being named a Great Place to Work, Best Places to Work in Insurance, and on the Inc. 5000 list as one of America's Fastest Growing Private Companies. We are committed to being good stewards for our company, culture, and communities by having a strong focus on Environmental, Social, and Governance issues.

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.

Personal information submitted by California applicants in response to a job posting is subject to Risk Strategies'California Job Applicant Privacy Notice.