Model Risk Manager

Associated Bank - Corp; Milwaukee (WI); On-site; USD 142,000 - 243,000; Full time

Benefits offered by this job

401(k) plan

Pension plan

Paid time off

Colleague Resource Groups

Well-being programs

Bonuses & incentives

Job summary

Associated Bank in Milwaukee, WI is seeking a Model Risk Manager to lead and advance the bank's Model Risk Management Program, ensuring regulatory compliance and governance. You will collaborate across the organization to strengthen risk oversight and provide independent challenge to senior leadership.

The role involves partnering with regulators and business partners to influence enterprise-wide risk strategies, while developing policies, trainings, and reporting to enhance program

Qualifications

• Eight plus years in financial services with senior Model Risk or Operational Risk roles.
• Advanced knowledge of risk frameworks, controls, and regulatory expectations.
• Experience building and overseeing enterprise risk management programs.
• Strong analytical, communication, and stakeholder management skills.

Responsibilities

• Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework.
• Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments.
• Partner with business lines to ensure consistent application of model risk standards and regulatory expectations.
• Analyze model risk trends, identify emerging risks, and provide independent challenge and risk-based recommendations.
• Develop policies, procedures, and reporting that support strong model risk management practices.
• Serve as the primary liaison with regulators, independent reviewers, and testing teams for model risk-related activities.
• Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects.
• Provide training, guidance, and development opportunities that strengthen risk awareness and program effectiveness.

Skills

Analytical thinking

Communication skills

Stakeholder management

Regulatory knowledge

Education

Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business Administration, Audit, Compliance, or related field

Professional certifications in Risk/Model Risk/Audit/Compliance

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

The Model Risk Manager is responsible for leading and advancing Associated Bank's Model Risk Management Program to ensure compliance with regulatory requirements and industry best practices. This role partners across the organization to strengthen risk oversight, provide independent challenge, and enhance model risk governance. The position offers the opportunity to influence enterprise-wide risk management strategies and work closely with senior leadership, regulators, and business partners.

Key Accountabilities

• Lead the development, implementation, and continuous improvement of the Model Risk Management Program and framework.
• Drive effective model risk governance through oversight, monitoring, reporting, and risk assessments.
• Partner with business lines to ensure consistent application of model risk standards and regulatory expectations.
• Analyze model risk trends, identify emerging risks, and provide independent challenge and risk-based recommendations.
• Develop policies, procedures, and reporting that support strong model risk management practices.
• Serve as the primary liaison with regulators, independent reviewers, and testing teams for model risk-related activities.
• Advise leadership on risk management initiatives, governance committees, and enterprise-wide projects.
• Provide training, guidance, and development opportunities that strengthen risk awareness and program effectiveness.

Education & Experience

Required

• Bachelor's degree in Risk Management, Finance, Economics, Accounting, Business Administration, Audit, Compliance, or a related field, or an equivalent combination of education and experience.
• 8+ years of experience in the financial services industry with senior-level responsibilities related to Model Risk Management or Operational Risk Management.
• Advanced knowledge of risk management frameworks, controls, and regulatory requirements.
• Experience developing, implementing, and overseeing enterprise risk management programs.
• Strong analytical, communication, and stakeholder management skills.

Preferred

• Experience leading cross-functional projects and strategic initiatives.
• Experience interacting with and influencing senior leaders and executive stakeholders.
• Professional certifications related to Risk Management, Model Risk Management, Audit, or Compliance.
• Experience supporting regulatory examinations, audits, or independent reviews.

Why You'll Love Working Here

At Associated Bank, you'll have the opportunity to work alongside talented professionals who are committed to collaboration, innovation, and continuous learning. We invest in your professional growth through development opportunities, leadership exposure, and meaningful work that influences the future of the organization. If you're ready to help shape a strong risk culture and drive enterprise-wide 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, 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 [e-mail] 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 isPay 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.

$141,890.00 - $243,240.00 per year