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

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 ...

Portfolio Manager I sp

Phoenix, AZ ยท On-site

$44.28 - $75.42/hr

Risk Management: Practices effective risk management, maintaining high standards of credit quality and origination in alignment with Bank's credit risk appetite, and compliance with institutional and ...

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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 Jun 15, 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 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 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 cities near Phoenix, AZ are hiring for Bank Risk Management jobs? Cities near Phoenix, AZ with the most Bank Risk Management job openings:
Infographic showing various Bank Risk Management job openings in Phoenix, AZ as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $110,765 per year, or $53.3 per hour.
First Line Risk & Control RCSA Manager

First Line Risk & Control RCSA Manager

Western Alliance Bank

Phoenix, AZ โ€ข On-site

Full-time

Medical, Dental, Retirement

Posted 7 days ago


Job description

Job Title:

First Line Risk & Control RCSA Manager

Location:

CityScape

What you'll do:

This role is a first line of defense risk professional responsible for support and/or execution of various risk programs and Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. This role is responsible for engaging with the BU in management of risks and controls across all risk types, monitoring execution of risk policies, procedures and/or program requirements, to effectively manage risks, and serving as an effective communication channel between the Risk Management Department and business units.
  • Drive the preparation and execution of the Risk and Control updates / refresh (for low to moderate complex business functions) through collection of data from various sources as defined in desktop procedures.
  • Develop plan to ensure timely execution of risk management processes with business stakeholders; ensure common understanding of activities and milestones with all parties involved.
  • Review policies and procedures to document process maps, risks and controls, and narratives and/or guide analysts in this activity.
  • Identify and confirm risks and controls in processes under review including the drafting of risks and controls in line with standards.
  • Guide assessment of control environment and determining effective risk mitigation or identification of gaps.
  • Support and/or guide conversations with risk subject matter experts about the context and/or severity of risk factors and/or issues including areas such as third parties / vendors, issues, regulatory or legal matters, etc.
  • Conduct / oversee meetings with clear objectives, outcomes, and follow-up items.
  • Understands of our department's role in risk management and is able to communicate the importance of different stakeholders and risk management in general.
  • Maintains all required documentation per Procedures and Standards to showcase progress and completion of risk & control inventory and RCSA activities.

What you'll need:

  • 7+ years of related experience or similar field.
  • Bachelor's degree in related field required.
  • Previous leadership experience required.
  • Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced experience in Compliance, Operations Management, Audit, Risk Management, or related field. Advanced analytical skills to determine key areas of focus, summary of meetings and key decisions and actions.
  • Advanced knowledge of and experience in documenting process maps in process mapping software. Advanced experience identifying risks and controls in processes and performing/guiding risk and control self assessments and other risk management activities.
  • 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