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Contract Model Risk Governance Jobs in Phoenix, AZ

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ

... governance of AML Transaction Monitoring models. The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model ...

Arkhya Tech

GenAI Solutions Leader

Phoenix, AZ · On-site

Desired Qualifications 5+ years across the AI/ML lifecycle: data management, feature engineering, model development, deployment, monitoring/observability, and model risk/governance. Experience in ...

Northern Trust

Voice ID Consultant

Tempe, AZ

Participate in governance activities with Model Risk, IT Risk, Fraud, and Privacy partners. * Partner annually with Privacy to assess regulatory or legislative changes impacting Voice ID use. * Lead ...

LPL Financial

Model Manager

Tempe, AZ

... governance compliance, documentation accuracy, and overall lifecycle management. This role ... model risk management, or regulatory operations. * Bachelor's degree in Business, Finance, Data ...

Northern Trust

Voice ID Consultant

Tempe, AZ · On-site

Participate in governance activities with Model Risk, IT Risk, Fraud, and Privacy partners. * Partner annually with Privacy to assess regulatory or legislative changes impacting Voice ID use. * Lead ...

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All JobsContract Model Risk Governance JobsContract Model Risk Governance Jobs in Phoenix, AZ

Contract Model Risk Governance information

See Phoenix, AZ salary details

$10

$45

$141

How much do contract model risk governance jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for contract model risk governance in Phoenix, AZ is $45.39, according to ZipRecruiter salary data. Most workers in this role earn between $14.81 and $71.59 per hour, depending on experience, location, and employer.

What are some common challenges faced by professionals in Contract Model Risk Governance roles, and how can they be addressed?

Professionals in Contract Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring thorough model documentation, and effectively communicating risk findings to both technical and non-technical stakeholders. Balancing the need for detailed model validation with tight project timelines can also be demanding. To address these challenges, it's important to foster strong cross-functional collaboration, stay updated on industry best practices, and develop clear communication strategies for reporting risk and compliance issues.

What is the difference between Contract Model Risk Governance vs Contract Model Validation?

AspectContract Model Risk GovernanceContract Model Validation
Primary FocusOverseeing and managing risks associated with contract models, ensuring compliance and risk mitigationAssessing and testing contract models to ensure accuracy and reliability
ResponsibilitiesEstablishing policies, monitoring risk exposure, and implementing controlsPerforming independent reviews, testing model assumptions, and validating outputs
Work EnvironmentRisk management teams, compliance departments, regulatory interactionsQuantitative teams, model validation units, audit functions

While Contract Model Risk Governance focuses on managing and overseeing risks related to contract models, Contract Model Validation involves the technical assessment and testing of those models to ensure their accuracy and reliability. Both roles are essential in a comprehensive risk management framework within financial institutions and industries relying on contract models.

What are the key skills and qualifications needed to thrive in Contract Model Risk Governance, and why are they important?

To excel in Contract Model Risk Governance, you need a strong background in risk management, quantitative analysis, and familiarity with regulatory requirements, often supported by a degree in finance, mathematics, or a related field. Proficiency with risk management software, model validation tools, and knowledge of frameworks such as SR 11-7 is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for evaluating model risk and collaborating with stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and support sound decision-making within financial institutions.

What is Contract Model Risk Governance?

Contract Model Risk Governance refers to the framework and processes used by organizations to identify, assess, monitor, and mitigate risks associated with the use of models in contracts or contractual obligations. This role ensures that the use of quantitative models in financial and business contracts complies with regulatory standards and internal policies, reducing the likelihood of errors, misinterpretations, or financial losses. Professionals in this field often oversee model validation, implementation, and documentation, and work closely with compliance, risk, and legal teams. Effective governance helps maintain model integrity and supports sound decision-making across the organization.
What are the most commonly searched types of Model Risk Governance jobs in Phoenix, AZ? The most popular types of Model Risk Governance jobs in Phoenix, AZ are:
What are popular job titles related to Contract Model Risk Governance jobs in Phoenix, AZ? For Contract Model Risk Governance jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Phoenix, AZ look for? The top searched job categories for Contract Model Risk Governance jobs in Phoenix, AZ are:
Contract Model Risk Governance jobs near you
Infographic showing various Contract Model Risk Governance job openings in Phoenix, AZ as of July 2026, with employment types broken down into 61% Full Time, 21% Part Time, 1% Temporary, and 17% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $94,412 per year, or $45.4 per hour.
Senior Model Risk Manager

Senior Model Risk Manager

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Posted 7 days ago

Job description

Job Title:
Senior Model Risk Manager
Location:
CityScape
What you'll do:
As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities. You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements. You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use. You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
  • Analyze model data, identify trends, and interpret results to inform risk management decisions.
  • Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
  • Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
  • Employ techniques and practices that will identify, measure and mitigate model risks.
  • Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What you'll need:
  • 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
  • Masters or MBA in related field required; PhD in related field preferred.
  • Previous leadership experience preferred.
  • 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 to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
  • Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
  • Advanced speaking and writing communication skills.
  • Occasional travel required.

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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