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Bank Risk Management Jobs in Arizona (NOW HIRING)

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and ...

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How much do bank risk management jobs pay per year?

As of Jun 27, 2026, the average yearly pay for bank risk management in Arizona is $103,958.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,900.00 and $120,200.00 per year, depending on experience, location, and employer.

What does a risk manager do in a bank?

A risk manager in a bank identifies, assesses, and monitors financial and operational risks to minimize potential losses. They develop risk management strategies, ensure compliance with regulations, and use tools like risk assessment models and data analysis to support decision-making.

How much does Goldman Sachs pay risk management?

Risk management professionals at Goldman Sachs typically earn a base salary ranging from $80,000 to over $150,000 annually, depending on experience and seniority. Bonuses and incentives can significantly increase total compensation, especially for those with specialized skills or certifications like FRM or CFA. Compensation varies by location and role complexity within the firm.

What does a risk management officer do in a bank?

A risk management officer in a bank assesses and monitors financial risks such as credit, market, and operational risks to ensure the bank's stability. They develop risk mitigation strategies, analyze data using specialized tools, and ensure compliance with regulatory standards to protect the bank's assets and reputation.

What are some common challenges faced in a Bank Risk Management role?

One of the primary challenges in Bank Risk Management is staying updated with constantly evolving regulatory requirements and ensuring the bank's practices remain compliant. Additionally, professionals in this field must analyze complex financial data to anticipate and mitigate potential risks, which requires accuracy and keen attention to detail. Collaboration with other departments, such as credit, compliance, and operations teams, is frequent and essential for gathering information and implementing risk strategies. Successfully navigating these challenges improves organizational resilience and protects the bank's financial stability.

What are the key skills and qualifications needed to thrive in the Bank Risk Management position, and why are they important?

To thrive in Bank Risk Management, you generally need strong analytical skills, knowledge of finance and banking regulations, and a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, critical thinking, and problem-solving abilities are important soft skills for interpreting data and presenting recommendations to stakeholders. These capabilities are essential for identifying, assessing, and mitigating risks that could impact the financial health and regulatory compliance of the bank.

Is risk management high paying?

Risk management professionals in banking often earn competitive salaries, especially with experience and certifications such as FRM or CFA. Salaries can vary based on the level of responsibility, location, and the size of the institution, but generally, risk management roles are considered well-compensated within the finance industry.

What is a Bank Risk Management job?

A Bank Risk Management job involves identifying, assessing, and mitigating financial risks that could impact a bank's operations and stability. Professionals in this role analyze credit, market, operational, and regulatory risks to ensure the bank complies with industry standards and maintains financial security. They develop risk models, monitor exposure, and implement strategies to minimize potential losses. Strong analytical skills, regulatory knowledge, and financial expertise are essential for this role.

What are the most commonly searched types of Bank Risk Management jobs in Arizona? The most popular types of Bank Risk Management jobs in Arizona are:
What are popular job titles related to Bank Risk Management jobs in Arizona? For Bank Risk Management jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Bank Risk Management jobs in Arizona look for? The top searched job categories for Bank Risk Management jobs in Arizona are:
What cities in Arizona are hiring for Bank Risk Management jobs? Cities in Arizona with the most Bank Risk Management job openings:
Bank Risk Management jobs near you
Infographic showing various Bank Risk Management job openings in Arizona as of June 2026, with employment types broken down into 4% As Needed, 75% Full Time, 13% Part Time, 4% Temporary, and 4% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $103,958 per year, or $50 per hour.
GRC Enterprise Risk Management Director

GRC Enterprise Risk Management Director

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 19 days ago

Job description

Job Title:

GRC Enterprise Risk Management Director

Location:

CityScape

What you'll do:

As an ERM GRC Director you will lead a team that develops and implements programs to identify, measure, monitor, and control risks throughout the organization. You'll play a key role in the Bank's Enterprise and Operational Risk Management Team, who is responsible for several enterprise wide programs, including Integrated Risk Management/ Governance Risk and Compliance (GRC) and Policy Framework.
  • The GRC Director is responsible for overseeing a team that develops and executes the bank's enterprise-wide Integrated Risk Management strategy. This includes methodology, policies and standards, reporting, training, and continuous improvement.
  • Provide enterprise ownership of integrated risk and governance capabilities. Own the enterprise GRC / Integrated Risk Management capabilities, setting clear governance, standards, and priorities to simplify how risk, controls, and risk program data are managed across the organization. Ensure the platform evolves in a way that reduces complexity, supports consistent execution, and delivers reliable enterprise insight.
  • Enable a coordinated, enterprise wide approach to risk and assurance. Serve as a central connector across the Second Line of Defense teams and other stakeholders (SOX, Third Party Risk, First Line of Defense Testing, IT First Line Risk, and Internal Audit) to align needs, eliminate duplication, and enable a more streamlined, integrated risk operating model.
  • Establish clear data, metrics, and reporting that support decision making. Lead GRC data and reporting strategy to ensure GRC information is complete, trusted, and decision useful. Translate risk and control information into clear, actionable insights for management, regulators, and risk management committees.
  • Lead and develop a high performing GRC team and stakeholder model. Build and lead a strong GRC team and stakeholder network focused on clarity, consistency, and adoption. Drive effective communication, training, and change management so risk and governance processes are easy to understand and execute across the enterprise.
  • Manage a medium to large team (6-16) and help develop, train, and drive continuous improvement.

What you'll need:

  • 10+ years of related experience in Risk Management, Internal Audit, SOX, and Financial Institutions or similar field.
  • Bachelor's degree in related field required.
  • Previous leadership experience required.
  • Advanced to expert knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Advanced to expert Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced to expert knowledge and experience with risk and control frameworks (COSO ERM Framework, Basel etc)
  • Advanced to expert knowledge of industry and professional experience across one or more of the three lines of defense (e.g., banking operations, information technology, SOX, compliance, risk management, audit).
  • Advanced to expert technical knowledge of risk frameworks and industry best practices related to COSO Risk Frameworks with advanced certifications in fields related to integrated risk management, technology, and risk data management.
  • Advanced to expert knowledge of data analysis tools and techniques and decision-making abilities.
  • Expert speaking and writing communication skills

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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