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Model Risk Manager

Associated Bank - Corp
parental leave, paid time off, 401(k)
United States, Wisconsin, Milwaukee
111 West Kilbourn Street (Show on map)
Mar 28, 2026

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.

Responsible for ongoing management, the bank's Model Risk Management Program including continuous enhancements in compliance with applicable regulations and industry practices. The incumbent will be responsible for leadership of the Model Risk Management program and other operational risk programs as defined. This position will create and drive policies, program, oversight and reporting in line with regulatory expectations and industry best practice.

The incumbent will establish cross-functional partnerships with various Business Lines to ensure strong communication, partnership and a consistent application of Program requirements and reporting. As needed, the incumbent will also maintain partnerships with third-party providers utilized to carry out certain elements of the program, most notably model validations. As the Manager of the Model Risk Program, the incumbent may also develop and maintain oversight of offshore resources utilized to carry out certain elements of the program as deemed necessary by Senior Risk Management.

Additionally, the incumbent will use a logical, risk-based thought process and experience to perform independent analytics and effective challenge that will assist management with risk identification, root cause analysis, and ongoing monitoring of overall risk profiles. This role will be a liaison with independent testing and regulatory bodies for review and oversight along with support of Senior Risk Management for committee and board reports.

Job Description Summary

  • Perform as Model Risk Management expert for all Business Lines; provide objective and independent support, challenge and guidance on Model Risk Programs and risk management practices.
  • Lead the Model Risk Management Team and Program / Framework, ensure quality implementation, comprehensiveness and value to Business Lines, and continue to strategically advance the Framework in line with organizational needs, scale and regulatory requirements.
  • Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and reporting.
  • Remain current with Model Risk regulatory guidance and industry best practices as well as emerging industry-wide risks via public domain, industry-specific organizations, and internal contacts.
  • Provide leadership, tactical support and expert risk advisory on various Business Line and/or Company-wide initiatives and projects; use sound risk-based decision making, experience and judgment in responding to inquiries of moderate to high risk and complexity.
  • Lead and/or actively serve on corporate governance committees/forums/working groups on behalf of the Risk Management function.
  • The incumbent will be a liaison with independent testing and regulatory bodies for review and oversight along with support of Senior Risk management for committee and board reporting.
  • Provides training, development opportunities and professional guidance including risk appetite statements, risk assessments, and other operational risk as defined.

Education:

Bachelor's degree-or an equivalent combination of education and experience-in Audit, Compliance, Risk, Business Administration, Finance, Economics, or Accounting required.

Experience

  • 8+ years financial services industry with some specific senior-level responsibilities related to Model or Operational Risk Management programs and practices; advanced understanding of operational risk, related control frameworks and practices, and existing and pending regulatory requirements.
  • Less than 2 years Project Management or Leadership covering cross-functional projects with proven ability to develop and execute tactical plans - Preferred
  • Less than 2 years Interacting with and influencing leadership - Preferred

Licenses and Certifications
Other Various Risk Management Related Certifications Preferred

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,anemployee stock purchase plan, military benefits and much more.

  • Personal banking, loan, investmentand 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 onFacebook,LinkedInandX.

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 contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.

Associated Bank isPay Transparencycompliant.

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.

$141,890.00 - $243,240.00 per year
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