Model Risk Manager Jobs in River Forest, IL (NOW HIRING)

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.

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.

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-focusedColleague Resource Groups.

• Competitive salaries with professional development and advancement opportunities.

• Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.

• Personal banking, loan, investmentand 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 onFacebook,LinkedInandX.

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 contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.

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.