Senior Model Risk Manager & Governance Lead

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

Benefits offered by this job

401(k) and Pension plans

Paid time off to volunteer

Colleague Resource Groups diversity

Competitive salaries and development

Well-being programs and incentives

Employee stock purchase plan

Military benefits

Personal banking, loans, investments

Job summary

Associated Bank is seeking a Model Risk Manager to lead the enterprise-wide Model Risk Management Program, aligning with regulatory expectations and industry best practices. The role collaborates with senior leadership and regulators to strengthen risk oversight while driving governance and independent challenge across the organization.

The successful candidate will develop policies, monitor risk trends, and guide business lines.

Qualifications

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

8+ years of experience in financials

Advanced knowledge of risk management

Strong analytical and communication

Education

Bachelor’s degree in Risk Management or related field

Job description

Associated Bank is seeking a Model Risk Manager to lead the enterprise-wide Model Risk Management Program, aligning with regulatory expectations and industry best practices. The role collaborates with senior leadership and regulators to strengthen risk oversight while driving governance and independent challenge across the organization.

The successful candidate will develop policies, monitor risk trends, and guide business lines.