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Bank Risk Management Jobs in Phoenix, AZ (NOW HIRING)

Servbank

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Servbank

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

USAA

Director, Risk Management - Life Risk

Phoenix, AZ · On-site +1

Advanced risk management experience in a complex institution and/or highly matrixed environment related to banking, insurance and/or financial services. * Demonstrated experience in conflict ...

USAA

Director, Risk Management - Life Risk

Phoenix, AZ · On-site +1

Advanced risk management experience in a complex institution and/or highly matrixed environment related to banking, insurance and/or financial services. * Demonstrated experience in conflict ...

US Bank

Impact Finance Officer

Tempe, AZ · On-site

Industry Credit Risk Management - IF Officer is responsible for portfolio management of the bank-wide Impact Finance (IF - formerly Community Development Corp) portfolio across U.S. Bank. IF is part ...

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Bank Risk Management information

See Phoenix, AZ salary details

$51.1K

$110.8K

$168.8K

How much do bank risk management jobs pay per year?

As of Sep 5, 2026, the average yearly pay for bank risk management in Phoenix, AZ is $110,765.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,400.00 and $128,100.00 per year, depending on experience, location, and employer.

What is bank risk management?

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 key skills and qualifications needed to thrive in bank risk management?

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.

What are some common challenges faced in bank risk management?

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.

Is bank risk management a good career?

Bank risk management is a vital role that involves identifying, analyzing, and mitigating financial risks within banking institutions. It requires strong analytical skills, knowledge of financial regulations, and often certifications like FRM or CFA. The field offers stable employment, competitive salaries, and opportunities for advancement in the financial industry.

What does bank risk management do at a bank?

Bank risk management involves identifying, assessing, and mitigating financial risks such as credit, market, and operational risks to ensure the bank's stability and compliance. Professionals in this field analyze data, develop risk policies, and use tools like risk models and software to protect the bank's assets and maintain regulatory standards.

What are the most commonly searched types of Bank Risk Management jobs in Phoenix, AZ?

The most popular types of Bank Risk Management jobs in Phoenix, AZ are:

What are popular job titles related to Bank Risk Management jobs in Phoenix, AZ?

For Bank Risk Management jobs in Phoenix, AZ, the most frequently searched job titles are:

What job categories do people searching Bank Risk Management jobs in Phoenix, AZ look for?

The top searched job categories for Bank Risk Management jobs in Phoenix, AZ are:

Bank Risk Management jobs near you
Infographic showing various Bank Risk Management job openings in Phoenix, AZ as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $110,765 per year, or $53.3 per hour.

Enterprise Risk Management (ERM) Team Lead

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 8 days ago

Job description

Job Title:

Enterprise Risk Management (ERM) Team Lead

Location:

CityScape

What you'll do:

As an Enterprise Risk Management Team Lead, you'll support programs to identify, measure, monitor, and control risks throughout the organization. You'll play a key role in the Bank's Enterprise Risk Management Team, who is responsible for several enterprise-wide programs, including Risk and Control Self-Assessment (RCSA), Controls Testing, Issue Management, Governance Risk and Compliance (GRC) Platform and Program, Third-Party Risk Management, Policy Framework, and Technology and Information Security Risk Management.
The Team Lead will be responsible for executing the Controls Testing program, ensuring adherence to program methodology, policies and standards and will help develop reporting, training, and continuous improvement initiatives.
  • Oversee all aspects of a testing engagement including the test of design and operating effectiveness of documented controls, issue determination, workpaper completion, and reporting.
  • Review testing workpapers to ensure they support testing conclusions and comply with internal methodology.
  • Prepare reports that clearly summarize the testing engagement, issues, and recommendations.
  • Support leadership in the enhancement of Second Line of Defense Enterprise and Operational Risk Programs, including Controls Testing and Issue Management.
  • Champion a strong risk culture for the company by elevating the risk knowledge base of associates.

What you'll need:

  • 3+ years of related Experience in controls testing.
  • Bachelor's degree in related field required.
  • Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Intermediate 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).
  • Intermediate knowledge and experience with risk and control frameworks (COSO ERM Framework, Basel etc.).
  • Intermediate knowledge of risk management tools and systems and advanced proficiency in Microsoft Office Suite (Word, Excel, and PowerPoint).
  • Preferred certifications (CIA, CISA)
  • Intermediate 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, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, 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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