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Financial Risk Manager Jobs in Arizona (NOW HIRING)

ZION CARE LLC

Risk Manager

Show Low, AZ · Remote

$80K/yr

Bachelors degree in business administration, law, finance, or a related field * Professional Risk ... Previous experience as a Risk Manager * Strong computer and research skills * Familiarity with ...

Mohave County

Risk Manager

Kingman, AZ · On-site

$68K - $112K/yr

Minimum Qualifications Bachelor's degree in Public Administration, Business, Finance, or related field 5+ years of progressively responsible experience in risk management 2+ years of supervisory ...

Mohave County, AZ

Risk Manager

Kingman, AZ · On-site

$68K - $112K/yr

Bachelor's degree in Public Administration, Business, Finance, or related field * 5+ years of progressively responsible experience in risk management * 2+ years of supervisory experience * Certified ...

Early Warning Services

IT Risk Manager

Scottsdale, AZ · Hybrid

S. financial system for over thirty years with cutting-edge solutions like Zelle, Paze, and so much ... Overview The Manager, Risk Management is responsible for the building and coordination of a ...

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Financial Risk Manager information

See Arizona salary details

$48K

$104K

$158.4K

How much do financial risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for financial risk manager in Arizona is $103,958.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,900.00 and $120,200.00 per year, depending on experience, location, and employer.

What are some common challenges Financial Risk Managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

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

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What does a Financial Risk Manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.
What are popular job titles related to Financial Risk Manager jobs in Arizona? For Financial Risk Manager jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Arizona look for? The top searched job categories for Financial Risk Manager jobs in Arizona are:
What cities in Arizona are hiring for Financial Risk Manager jobs? Cities in Arizona with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Arizona as of June 2026, with employment types broken down into 1% As Needed, 79% Full Time, 18% Part Time, 1% Temporary, and 1% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $103,958 per year, or $50 per hour.
Asset and Liability Management Risk Manager - Financial Risk Management

Asset and Liability Management Risk Manager - Financial Risk Management

Western Alliance Bancorporation

Phoenix, AZ • On-site

$159K - $197K/yr

Full-time

Medical, Dental, Retirement

Posted 22 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 sensitivity-test 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.
  • Hands-on 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

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