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Director Model Risk Management Jobs in Arizona (NOW HIRING)

Early Warning Services

IT Risk Manager

Scottsdale, AZ · Hybrid

Essential Functions * Assist Sr. Risk Managers and LOD1 Director if meeting departmental goals and ... Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments.

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Director Model Risk Management information

What is the highest paying risk management job?

The highest paying risk management roles are often executive-level positions such as Chief Risk Officer (CRO) or Director of Model Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications, and strong leadership skills, and they typically oversee enterprise-wide risk strategies and compliance efforts.

What does a director of risk management do?

A director of risk management oversees an organization's strategies to identify, assess, and mitigate financial, operational, and compliance risks. They develop policies, lead risk assessment teams, and ensure risk management practices align with regulatory requirements, often using tools like risk management software. Strong leadership, analytical skills, and industry certifications are typically required for this role.

What does a director of risk management make?

A director of risk management typically earns a salary ranging from $120,000 to $200,000 annually, depending on the industry, location, and experience. They often oversee risk assessment teams, develop risk mitigation strategies, and may hold certifications such as FRM or CRM. Compensation can also include bonuses and benefits aligned with organizational size and complexity.

What is the difference between Director Model Risk Management vs Model Validation Manager?

AspectDirector Model Risk ManagementModel Validation Manager
CredentialsAdvanced degrees (e.g., Master’s, PhD), certifications like FRM or CFASimilar credentials, often with FRM or CFA
Work EnvironmentStrategic oversight, cross-department collaboration, senior leadershipTechnical validation, model testing, detailed analysis
Industry UsageUsed in banking, finance, risk management departmentsCommon in model development and validation teams
Search/Comparison IntentUnderstanding leadership roles in risk managementFocus on technical validation and model testing

The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking industries that involves identifying, assessing, and mitigating risks associated with mathematical and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.
What are the most commonly searched types of Model Risk Management jobs in Arizona? The most popular types of Model Risk Management jobs in Arizona are:
What cities in Arizona are hiring for Director Model Risk Management jobs? Cities in Arizona with the most Director Model Risk Management job openings:
Director Model Risk Management jobs near you
Infographic showing various Director Model Risk Management job openings in Arizona as of June 2026, with employment types broken down into 95% Full Time, and 5% Contract. Highlights an 87% In-person, 5% Hybrid, and 8% Remote job distribution.
Senior Consultant, 4th Party Risk - Third Party Risk Management

Senior Consultant, 4th Party Risk - Third Party Risk Management

Northern Trust

Tempe, AZ • On-site

Full-time

Posted 22 days ago

Northern Trust rating

8.1

Company rating: 8.1 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Third Party Program Execution / Program Management
NT's Chief Procurement Officer's team for Third Party Management (TPMO) is responsible for design and execution of the Third Party risk management program in line with regulatory expectations, NT's Third Party Risk Management Policy, and Third Party Practice Standard.
We are in a phase of growth and transformation. While you'll be hired for a specific role, your role may evolve as we scale - expanding into areas aligned with your strengths and program needs. We're looking for partners who thrive in change, think like problem solvers, and bring skills in project management, process management, and change leadership.
If you're excited to grow with us and pivot when needed, you may be a fit for this role.
This role will report to one of several team managers within the TPMO, which is the 1st line of defense for third party risk. Primarily, you will work closely with the TPMO team manager to assist in strategy and design decisions, business as usual process improvement and/or the direct execution or indirect execution (directing others on how to execute) of the program as per the Third Party Standard.
The role holder will be an expert in Third Party Risk Management and would be well versed in execution aspect of the program related to the entire lifecycle of third party engagements. This is a central role interacting with business units, 2nd line of defense, other team leads and offshore quality control team.
Major Duties:
  • Responsible for tracking program throughput through the various third party management life cycle elements (Planning, IRQs, DDQs, Ongoing Monitoring, Contracting and Termination), periodic inventory review, open issues and open risk acceptance review and tracking of all internal projects
  • Primary area of focus will be in the execution of the framework, program requirements, reporting and integration of 4th party vendor risks into the existing 3rd party program processes, risk assessments, reporting and escalations.
  • Responsible for designing and periodically reviewing program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc.
  • Accountable for assisting and guiding business partners through various stages of third party lifecycle to ensure quality program execution
  • Identify gaps and drive continuous improvement across the TPRM lifecycle (e.g., onboarding, due diligence, monitoring, offboarding)
  • Suggest and participate in improvement projects that automate or streamline repetitive tasks (e.g., through Coupa tools or workflow automation platforms).
  • Maintain strong documentation and evidence of controls, risk decisions, and remediations.
  • Track milestones, dependencies, and deliverables across projects and/or an assigned portfolio of relationships
  • Engage with risk domain SME's, vendors and vendor relationship managers
  • Serve as the point of contact for program performance updates, risk issue escalations, and regulatory reviews
  • Responsible for engaging with and assisting 2LOD partners by providing business users' input for 2LOD deliverables
  • Use dashboards and key risk indicators (KRIs) to monitor third-party risk posture and performance and determine areas of focus
  • Report progress to the board, risk committees, and regulators as needed
  • Participate in cross-functional teams associated with Third Party program requirements in areas such as design & strategy, enterprise critical vendor management, and other SMEs related subjects.
Knowledge/Skills
  • Proven track record managing vendor risk and/or leading large-scale risk or compliance initiatives.
  • Expertise in third-party risk frameworks and regulatory requirements.
  • Experience with tools such as Coupa, ServiceNow, Cybeta, Interos or similar.
  • Strong organizational skills.
  • Ability to influence activities across multiple teams and across business units
  • Outstanding writing, communication, and presentation skills
  • Sound analytical and problem-solving skills
  • Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding
Experience
  • Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
  • A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting
  • Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)
  • A TPRM related certification such as CTPRP or CTPRA
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
About Our Tempe Office
The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more.

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