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Financial Risk Analyst Jobs in Phoenix, AZ (NOW HIRING)

Cliff Services Inc

Data Risk Analyst

Phoenix, AZ · On-site

Phoenix , AZ Please find the JD Below The Risk Adjustment Analyst serves as a data and strategic specialist who tracks health plan performance and financial risk By using advanced coding ...

US Bank

Fraud Risk Analyst

Tempe, AZ

Helping the customers and businesses we serve to make better and smarter financial decisions and ... The Fraud Risk Analyst develops data-driven insights and strategies that strengthen fraud ...

US Bank

Fraud Risk Analyst

Tempe, AZ

Helping the customers and businesses we serve to make better and smarter financial decisions and ... We are hiring for an exciting opportunity as a Fraud Risk Analyst 4 within U.S. Bancorp ...

PNC Bank

LOB Risk Lead

Phoenix, AZ

Performs Monte Carlo, scenario-based, and probabilistic analyses where applicable. Supports capital ... Communicates risk exposure using financial, operational, customer, regulatory, and reputational ...

The State of Arizona

FINANCIAL ANALYST I

Phoenix, AZ

$44K - $57K/yr

FINANCIAL ANALYST I Apply now Job No: 541924 Work Type: Full-time Location: PHOENIX Categories ... financial risk assessments based upon review of multiple information and data sources. This ...

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All JobsFinancial Risk Analyst JobsFinancial Risk Analyst Jobs in Phoenix, AZ

Financial Risk Analyst information

See Phoenix, AZ salary details

$38.2K

$87.5K

$117.2K

How much do financial risk analyst jobs pay per year?

As of Aug 3, 2026, the average yearly pay for financial risk analyst in Phoenix, AZ is $87,486.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $109,700.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a financial risk analyst, and why are they important?

To thrive as a Financial Risk Analyst, you need strong analytical skills, a solid understanding of finance and statistics, and typically a bachelor's degree in finance, economics, or a related field. Familiarity with risk modeling tools, financial software like Excel, MATLAB, or Python, and certifications such as FRM or CFA are highly valued. Attention to detail, problem-solving abilities, and effective communication help analysts present complex risk findings clearly and work well in teams. These competencies are essential for accurately assessing potential risks, supporting sound decision-making, and safeguarding an organization's financial stability.

What are some common challenges faced by financial risk analysts in their daily work, and how can they be addressed?

Financial Risk Analysts often deal with rapidly changing market conditions and large volumes of complex data, which can make accurate risk assessment challenging. Staying updated with regulatory changes and effectively communicating risk findings to stakeholders with varying levels of financial knowledge are also frequent hurdles. To address these challenges, analysts typically use advanced risk modeling tools, participate in ongoing training, and collaborate closely with other departments such as compliance and trading. Building strong analytical and communication skills is key to navigating these demands successfully.

What is the difference between Financial Risk Analyst vs Credit Analyst?

AspectFinancial Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA often preferred
Work EnvironmentFinancial institutions, investment firms, corporate finance departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors to assess risk levels of investments and portfoliosPrimarily used by banks and lenders to evaluate creditworthiness of borrowers

While both roles involve financial analysis, a Financial Risk Analyst focuses on assessing overall financial risks across investments and portfolios, whereas a Credit Analyst specializes in evaluating the creditworthiness of individual borrowers. Both roles require similar credentials and often work within the finance industry, but their specific focus areas differ.

What does a financial risk analyst do?

A Financial Risk Analyst identifies and assesses potential risks that could affect a company's financial health, such as market fluctuations, credit issues, or operational losses. They use quantitative techniques, financial modeling, and data analysis to forecast potential risks and recommend strategies to mitigate them. Their work helps organizations make informed investment decisions, comply with regulations, and protect assets. Financial Risk Analysts often work in banks, investment firms, insurance companies, and corporate finance departments.
What are popular job titles related to Financial Risk Analyst jobs in Phoenix, AZ? For Financial Risk Analyst jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Financial Risk Analyst jobs in Phoenix, AZ look for? The top searched job categories for Financial Risk Analyst jobs in Phoenix, AZ are:
Financial Risk Analyst jobs near you
Infographic showing various Financial Risk Analyst job openings in Phoenix, AZ as of July 2026, with employment types broken down into 69% Full Time, 6% Part Time, and 25% Contract. Highlights an 68% Physical, 4% Hybrid, and 28% Remote job distribution, with an average salary of $87,486 per year, or $42.1 per hour.

Data Risk Analyst

Cliff Services Inc

Phoenix, AZ • On-site

Other

Posted 13 days ago

Job description

Data Risk Analyst

Location : Phoenix , AZ

Please find the JD Below

The Risk Adjustment Analyst serves as a data and strategic specialist who tracks health plan performance and financial risk By using advanced coding methodologies and data extraction tools they bridge the gap between clinical documentation and actuarial health forecasting Their overarching goal is to maintain absolute regulatory compliance while optimizing organizational revenue

Must Have

Data Analysis Modeling Gather clean and consolidate financial claims pharmacy enrollment and premium datasets into actionable models

Risk Score Calculation Analyze diagnostic patterns to calculate Risk Adjustment Factors RAF and forecast financial impacts using clinical metrics

Coding Quality Compliance Maintain deep familiarity with medical terminologies ICD10CM coding and Hierarchical Condition Categories HCC to isolate coding discrepancies or revenue gaps

Audit Support Provide backend reporting and data validation to assist with internal quality checks and federal Risk Adjustment Data Validation RADV audits

Crossfunctional Collaboration Partner with clinical providers to deliver Documentation Improvement CDI training ensuring that medical charts comprehensively capture a patients overall disease burden

Reporting Dashboards Design custom automated dashboards and adhoc financial plans to report risk trends directly to executive leadership

Skills Advanced proficiency in SQL for relational databases paired with statistical modeling in Python SAS or R

Nice to Have

Healthcare experience

Soft Skills

1 Strong communication and interpersonal skills

2 Good analytical and problemsolving skills

Skills

Mandatory Skills : Dimensional Data Modeling, MS SQL Server, Python for DATA, R - Data Science, SAS-Data Integrator
Good to Have Skills : Statistics-Data Science

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