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Finance Risk Management Jobs (NOW HIRING)

Risk Management Director

Edina, MN · On-site

$90K - $140K/yr

Ensure risk-based due diligence and ongoing monitoring, including financial condition, information ... Records Management (Direct Accountability): Lead the Bank's Records Management program, including ...

Job Function: Finance Job Sub Function: Treasury Job Category: Professional All Job Posting ... Bachelor's degreerequired(e.g., Business, Finance, Engineering, Risk Management, or related field)

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Finance Risk Management information

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$51.5K

$111.6K

$170K

How much do finance risk management jobs pay per year?

As of May 30, 2026, the average yearly pay for finance risk management in the United States is $111,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $129,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Finance Risk Management, and why are they important?

To excel in Finance Risk Management, you need strong analytical skills, a solid understanding of financial markets, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, financial modeling software, and certifications such as FRM or CFA are commonly required. Exceptional problem-solving, communication, and decision-making skills help professionals effectively identify and mitigate risks. These competencies are crucial to safeguarding an organization’s assets and ensuring regulatory compliance in an evolving financial landscape.

What are some common challenges faced by professionals working in finance risk management?

Professionals in finance risk management often encounter challenges such as keeping up with rapidly changing regulations, managing diverse risk types (credit, market, operational), and ensuring accurate data analysis across complex financial systems. Additionally, they must balance risk mitigation with the organization's strategic goals, often working cross-functionally with departments like compliance, audit, and business units. Staying proactive and adaptable is key, as unexpected market events and evolving technologies can quickly alter the risk landscape.

What is finance risk management?

Finance risk management is the process of identifying, analyzing, and mitigating potential financial risks that could negatively impact an organization’s assets, earnings, or overall financial health. Professionals in this field use various strategies and tools to manage risks such as market fluctuations, credit defaults, operational issues, and regulatory changes. The goal is to minimize potential losses while maximizing opportunities for growth, ensuring the organization remains financially stable and compliant with relevant laws.

What is the difference between Finance Risk Management vs Credit Analyst?

AspectFinance Risk ManagementCredit Analyst
Required CredentialsFinance degree, risk management certifications (FRM, CFA)Finance/economics degree, credit analysis certifications
Work EnvironmentFinancial institutions, corporate risk departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across banking, investment firms, corporationsPrimarily in banking, lending, and credit sectors

Finance Risk Management and Credit Analysts both require finance-related credentials and work within financial institutions. Risk managers focus on identifying and mitigating overall financial risks, while credit analysts evaluate the creditworthiness of borrowers. Although their roles overlap in financial analysis, their primary focus and responsibilities differ, making each role distinct within the finance industry.

More about Finance Risk Management jobs
What cities are hiring for Finance Risk Management jobs? Cities with the most Finance Risk Management job openings:
What states have the most Finance Risk Management jobs? States with the most job openings for Finance Risk Management jobs include:
Infographic showing various Finance Risk Management job openings in the United States as of May 2026, with employment types broken down into 5% As Needed, 80% Full Time, 10% Part Time, and 5% Contract. Highlights an 39% Physical, 11% Hybrid, and 50% Remote job distribution, with an average salary of $111,556 per year, or $53.6 per hour.
Asset and Liability Management Risk Manager - Financial Risk Management

Asset and Liability Management Risk Manager - Financial Risk Management

Western Alliance Bank

Phoenix, AZ • On-site

$159.75K - $197.33K/yr

Full-time

Medical, Dental, Retirement

Posted 13 days ago


Job description

Job Title:

Asset and Liability Management Risk Manager - Financial Risk Management

Location:

CityScape

What you'll do:

The Market Risk Team within Financial Risk Management (FRM) oversees risk taking activities of Treasury focusing specifically on Interest Rate Risk. 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 market 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.
  • You'll provide independent risk oversight, challenge, and assessment of interest rate risk exposure with a strong emphasis on quantitative analysis, use of management judgement, and data validation using quantitative techniques

  • Review scenario design, model configurations, and results produced in the Quantitative Risk Management tool (QRM) (e.g., Economic Value of Equity/Earnings at Risk, forecast runs, Funds Transfer Pricing linkages); independently replicate or sensitivitytest key assumptions using quantitative techniques where direct QRM instance access is not available.

  • Develop robust processes and tools to validate key financial assumptions, such as deposit behaviors, prepayment trends, and pricing strategies, and ensure QRM results are accurately reconciled with source systems and established policy limits.

  • Lead structured challenge sessions and memorialize outcomes in memos/minutes consistent with FRM governance and practices.

  • Produce Second Line of Defense Asset Liability Management/Interest Rate Risk dashboards and narratives for the Asset Liability Committee/Financial Risk Management governance, highlighting drivers of risk and emerging issues.

  • Assist in developing and enhancing the market risk management framework, including the design and implementation of risk metrics, reporting processes, and limit structures

What you'll need:

  • 5+ years in Asset Liability Management/Interest Rate Risk in the Banking Book, with at least 2+ years in Second Line of Defense/Model Risk Management or other independent oversight roles.

  • Bachelor's degree in related field required.

  • Handson QRM proficiency (Asset Liability Management/Interest Rate Risk modules; comfort reading QRM output structures, assumptions, and libraries). Ability to replicate Economic Value of Equity/Earnings at Risk and Net Interest Income sensitivities via Python/R/Structured Query Language when needed.

  • Advanced knowledge and experience with tools like Python, Structured Query Language, or R for data analysis and quality checks is a plus, along with familiarity with version control and an interest in process improvement.

  • Advanced knowledge of Asset Liability Management concepts & policy (betas, decays, prepay, deposit segmentation, Funds Transfer Pricing, hedging), and Interest Rate Risk/Asset Liability Management governance. Knowledge of ALM concepts & policy (betas, decay rates, prepay, deposit segmentation, FTP, hedging), and IRR/ALM governance.

  • Professional certification such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), or Chartered Financial Analyst (CFA) preferred.

  • Advanced speaking and writing communication skills.

Compensation: Salary range for new hires is generally $159,745.00 - $197,331.00 for Chicago, IL. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

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