Model Risk Manager

Associated Banc‑Corp; Wisconsin; Hybrid; USD 142,000 - 243,000; Full time

Benefits offered by this job

401(k) plan

Pension plan

Paid time off

Job summary

Associated Bank is seeking a Model Risk Manager to lead and advance its Model Risk Management Program, ensuring regulatory compliance and best practices across the enterprise. You will partner with senior leadership and regulators to strengthen oversight and governance.

The role requires 8+ years in financial services with senior risk responsibilities and a deep understanding of regulatory expectations. Attractive compensation and growth opportunities are available.

Qualifications

• Bachelor’s degree or equivalent in a related field.
• 8+ years in financial services with senior model risk/operational risk responsibilities.
• Advanced knowledge of risk management frameworks, controls, and regulatory requirements.

Responsibilities

• Lead the development and continuous improvement of the Model Risk Management Program and framework.
• Drive governance through oversight, monitoring, reporting, and risk assessments.
• Partner with business lines to apply model risk standards and regulatory expectations.
• Analyze model risk trends and provide risk-based recommendations.
• Develop policies, procedures, and reporting that support strong model risk management.

Skills

Analytical thinking

Communication

Stakeholder management

Risk management

Education

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

8+ years of experience in financial services with senior Model Risk/Operational Risk responsibilities

Job description

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.
• 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. 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.

Benefits

• 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.

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 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. $141,890.00 - $243,240.00 per year.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. Join our community on Facebook, LinkedIn and X.

What does it mean to be #RootedHere? For us, it means having a career that grows with you. We think you'll like the opportunities available at Associated Bank.