Senior Model Risk & Governance Leader

Associated Bank; Chicago (IL); On-site; USD 142,000 - 243,000; Full time

Job summary

Associated Bank in Chicago seeks a Model Risk Manager to lead and advance its Model Risk Management Program, ensuring regulatory alignment and strong risk oversight across the enterprise.

You will collaborate with senior leadership, regulators, and business partners to strengthen governance, develop policies, and provide independent challenge. This role offers influence across enterprise risk strategies and opportunities for professional growth.

Qualifications

• Bachelor’s degree in risk-related field or equivalent experience.
• 8+ years in financial services with senior Model Risk or Operational Risk responsibilities.
• 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.

Responsibilities

• Lead development, implementation 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 ensure consistent application of model risk standards and regulatory expectations.
• Analyze model risk trends, identify emerging risks and provide independent challenge and recommendations.
• Develop policies, procedures and reporting to support strong risk management practices.
• Serve as primary liaison with regulators, independent reviewers and testing teams.
• Advise leadership on risk initiatives, governance committees and enterprise projects.
• Provide training, guidance and development to strengthen risk awareness.

Skills

Model Risk Management

Operational Risk Management

Regulatory requirements

Stakeholder management

Analytical skills

Communication skills

Education

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

Tools

ERM software

Job description

Associated Bank in Chicago seeks a Model Risk Manager to lead and advance its Model Risk Management Program, ensuring regulatory alignment and strong risk oversight across the enterprise.

You will collaborate with senior leadership, regulators, and business partners to strengthen governance, develop policies, and provide independent challenge. This role offers influence across enterprise risk strategies and opportunities for professional growth.