This paper presents a system-level thermal model of a fluid-cooled Li-Ion battery module. The model is a reduced order model (ROM) identified by results from finite element analysis (FEA)/computational fluid dynamic (CFD) coupling simulation using the linear and time-invariant (LTI) method. The ROM consists of two LTI sub-systems: one of which describes the battery temperature response to a transient battery current, and the other of which takes into account of the battery temperature variation due to a heat flux induced by a varied inlet temperature of the battery cooling circuit. The thermal LTI model can be coupled to an electrical model to build a complete system-level battery ROM. Test examples show that the ROM is able to provide as accurate results as those from FEA/CFD coupling simulations.