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

Third Party Risk Manager, AVP

Tempe, AZ ยท On-site

$91K - $107K/yr

Third-Party Risk Management spans the Americas, and this is a key role in the success of the ... A commitment to protect the bank from all risk exposure. * Experience working across a diverse set ...

The Quality Coordinator - Risk Manager supports the Director in leading, planning, and implementing ... or bank information, etc.) from you via email. Our recruiters will not email you from a public ...

Enterprise Risk Management Framework Operational Risk Management Standards OCC Heightened Standards Regulatory expectations for model governance and risk measurement Industry frameworks (NIST, FAIR ...

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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:

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.

Senior Financial Risk Analyst

Western Alliance Bancorporation

Phoenix, AZ โ€ข On-site

Full-time

Medical, Dental, Retirement

Posted 26 days ago


Job description

Job Title:
Senior Financial Risk Analyst
Location:
CityScape
What you'll do:
The Financial Risk Management Group (FRM) oversees risk-taking activities of Treasury and Mortgage Capital Markets. This role within FRM focuses specifically on Investment Portfolio, Mortgage Servicing Rights and Loans Held for Sale exposures. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company's financial risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement. As a Financial Risk Senior Analyst, you will support the oversight of the company's investment portfolio and mortgage asset portfolio, along with their respective hedging activities. You'll help monitor risk exposures, review risk reports, and assist in ensuring compliance with internal policies and regulatory standards. This role is ideal for someone with a strong analytical background who is looking to develop their expertise in financial risk management.
  • Risk Monitoring: Assist in reviewing investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing. Monitor portfolio exposures (duration, convexity, liquidity, credit risk) and validate stress testing results.
  • Help prepare risk reports and summaries for management and risk committees.
  • Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
  • Support the documentation of oversight processes and help ensure adherence to risk limits and regulatory requirements. Review hedge performance metrics (e.g., Earnings at Risk, and Economic Value of Equity)
  • Prepare risk oversight reports for senior management and risk committees.
  • Ensure compliance with Board-approved risk limits and regulatory requirements.
  • Maintain documentation of oversight processes and challenge activities.

What you'll need:
  • Bachelor's degree in finance, Economics, Mathematics, or related field; master's degree or CFA/FRM preferred.
  • 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with a strong focus on analytics.
  • Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
  • Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Understanding of regulatory frameworks and risk management principles.
  • Strong understanding of second line of defense principles and governance.
  • Analytical mindset with attention to detail.
  • Ability to work collaboratively with different teams.
  • Advanced written and verbal 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.
ยฉ Western Alliance Bancorporation