Senior Model Risk & Governance Leader

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

Benefits offered by this job

401(k) plan

Pension plan

Competitive salaries

Professional development opportunities

Well-being programs

Job summary

Associated Bank seeks a Model Risk Manager to lead and advance its Model Risk Management Program, ensuring regulatory compliance and enterprise-wide governance. You will work across the organization with senior leadership, regulators, and business partners to strengthen risk oversight and provide independent challenge.

The role emphasizes policy development, training, and communication of risk management initiatives, with opportunities to influence risk governance and enterprise risk strategy.

Qualifications

• Bachelor’s degree in Risk Management, Finance, Economics, Accounting, or 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.

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

Model Risk Management

Operational Risk Management

Risk assessment

Stakeholder management

Education

Bachelor’s degree in Risk Management or related field

Tools

Risk management frameworks

Job description

Associated Bank seeks a Model Risk Manager to lead and advance its Model Risk Management Program, ensuring regulatory compliance and enterprise-wide governance. You will work across the organization with senior leadership, regulators, and business partners to strengthen risk oversight and provide independent challenge.

The role emphasizes policy development, training, and communication of risk management initiatives, with opportunities to influence risk governance and enterprise risk strategy.