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Bank Risk Management Entry Level Jobs (NOW HIRING)

Managers, Risk Management

Manhattan, NY · On-site

$126K - $150K/yr

Collaborate with technology and other groups on integration and implementation of risk management ... For positions covered by federal and/or state banking regulations, American Express will comply ...

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Bank Risk Management Entry Level information

See salary details

$43.5K

$103.7K

$167.5K

How much do bank risk management entry level jobs pay per year?

As of Jul 13, 2026, the average yearly pay for bank risk management entry level in the United States is $103,704.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $132,000.00 per year, depending on experience, location, and employer.

What is Bank Risk Management at the entry level?

Bank Risk Management at the entry level involves identifying, assessing, and monitoring various risks that a bank faces, such as credit, market, operational, and compliance risks. Entry-level professionals typically assist in data analysis, help prepare risk reports, and support the implementation of risk control measures. Their work ensures that the bank follows regulatory requirements and minimizes potential losses, providing a foundation for learning more advanced risk management concepts as they progress in their careers.

What are the key skills and qualifications needed to thrive as a Bank Risk Management Entry Level professional, and why are they important?

To thrive as a Bank Risk Management Entry Level professional, you need a solid understanding of finance, risk analysis, and regulatory compliance, often supported by a degree in finance, economics, or a related field. Familiarity with risk assessment tools, Excel, data analysis software, and knowledge of regulatory frameworks such as Basel III are typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for identifying and mitigating potential risks. These competencies are vital for ensuring the bank's financial stability, regulatory compliance, and proactive management of emerging risks.

What are some common challenges faced by entry-level professionals in bank risk management, and how can they overcome them?

Entry-level professionals in bank risk management often face challenges such as quickly learning complex regulatory requirements, adapting to rapidly changing financial markets, and effectively communicating risk findings to different teams. To overcome these, it's helpful to proactively seek mentorship, participate in training programs, and regularly collaborate with senior analysts and other departments. Staying updated on industry trends and building strong analytical and communication skills will also support success and growth in this role.

What is the difference between Bank Risk Management Entry Level vs Credit Analyst?

AspectBank Risk Management Entry LevelCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CFA or FRM are a plusBachelor's degree in finance, accounting, or economics; certifications like CFA are common
Work EnvironmentBank offices, risk management departments, collaborative teamsBank or financial institution, analyzing creditworthiness of clients
Employer & Industry UsageUsed across banks, financial institutions, and risk departmentsPrimarily in banks, lending institutions, and credit agencies

While both roles require finance-related degrees and similar certifications, Bank Risk Management Entry Level focuses on identifying and mitigating overall risk for the bank, whereas Credit Analysts primarily assess individual creditworthiness. The roles differ in scope but share foundational skills and work environments.

More about Bank Risk Management Entry Level jobs
What cities are hiring for Bank Risk Management Entry Level jobs? Cities with the most Bank Risk Management Entry Level job openings:
What are the most commonly searched types of Bank Risk Management jobs? The most popular types of Bank Risk Management jobs are:
What states have the most Bank Risk Management Entry Level jobs? States with the most job openings for Bank Risk Management Entry Level jobs include:
What job categories do people searching Bank Risk Management Entry Level jobs look for? The top searched job categories for Bank Risk Management Entry Level jobs are:
Infographic showing various Bank Risk Management Entry Level job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 16% Part Time, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $103,704 per year, or $49.9 per hour.
Model Risk Management Analyst

Model Risk Management Analyst

First Hawaiian, Inc.

Honolulu, HI

$62K - $77K/yr

Full-time

Re-posted 5 days ago


First Hawaiian Bank rating

8.0

Company rating: 8.0 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

58th of 149 rated banks


Job description

First Hawaiian Bank is currently seeking a Model Risk Management Analyst to join the team in the Analytics Risk Management department.

Compensation:

The pay range for the role is $62,000 - $77,000/yr; commensurate with experience

Work Schedule:

Monday - Friday 8:00AM - 5:00PM (hours may vary)

The ideal candidate will have:

  • Bachelor's degree in a quantitative field such as finance, mathematics, economics, statistics, or a related discipline required
  • Master's degree in a quantitative field such as finance, mathematics, economics, statistics, or a related discipline preferred
  • Two years of professional experience in risk management or compliance with demonstrated ability to administer and enhance governance platforms and systems of record, including reporting, dashboarding and workflow management; or one year of professional experience in risk management and one year of experience in system administration, with demonstrated ability to administer and enhance governance platforms and systems of record, including reporting, dashboarding, and workflow management required
  • Understanding of bank products and services, with a continuous focus on improving how they are supported, measured and governed
  • Practical, working knowledge of data science methodologies, statistical concepts and analytical thinking, with the ability to critically evaluate model machine learning performance
  • Familiarity with agentic and generative AI frameworks and tools, with a mindset toward continuous improvement and innovation
  • Strong understanding of risk management, compliance, and/or governance functions, with an eye toward identifying efficiencies and strengthening controls
  • Exposure to model risk management concepts, including model inventory management, validation, monitoring, and issue tracking, with a focus on process improvement and optimization
  • Ability to quickly learn complex systems, including risk management platforms, reporting tools and internal workflows
  • Comfortable working independently while coordinating across business lines, risk teams and technical stakeholders
  • Excellent communication, interpersonal and presentation skills, both written and verbal. Technical writing skills and experience with model documentation are preferred
  • Strong attention to detail with the ability to identify gaps, inconsistencies, and data quality issues 
  • Ability to handle confidential information with professionalism and discretion 
  • Highly organized, with strong time-management skills and the ability to independently manage multiple governance activities and deadlines simultaneously

The Model Risk Management Analyst plays a key role in executing and implementing the Bank's Model Risk Management Program. This position is primarily responsible for model governance and monitoring activities, including tracking, coordinating, and reporting model risk activities across the model lifecycle. This role requires close collaboration with stakeholders such as model owners and model developers, as well as effective skills in developing audit-ready reporting and documentation, producing oversight committee materials, and maintaining and customizing the Model Risk Management team's governance system. The Model Risk Management Analyst is detail-oriented, analytical, organized and ethical. 


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