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

RumbleOn

Risk Manager

Chandler, AZ · On-site

POSITION OVERVIEW The Risk Manager is responsible for building, standardizing, and leading the ... Actively monitor reserve strategy, severity, and claim lifecycles to control financial exposure.

RideNow Powersports

Risk Manager

Chandler, AZ · On-site

POSITION OVERVIEW The Risk Manager is responsible for building, standardizing, and leading the ... Actively monitor reserve strategy, severity, and claim lifecycles to control financial exposure.

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 ...

MUFG Bank, Ltd.

Third Party Risk Manager, AVP

Tempe, AZ · On-site

$91K - $107K/yr

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading ... Third-Party Risk Management spans the Americas, and this is a key role in the success of the ...

MUFG

Third Party Risk Manager, AVP

Tempe, AZ · Hybrid

$91K - $107K/yr

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading ... Third-Party Risk Management spans the Americas, and this is a key role in the success of the ...

MUFG

Third Party Risk Manager, AVP

Tempe, AZ · Hybrid

$91K - $107K/yr

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading ... Third-Party Risk Management spans the Americas, and this is a key role in the success of the ...

MUFG Bank, Ltd.

Third Party Risk Manager, AVP

Tempe, AZ · On-site

$91K - $107K/yr

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading ... Third-Party Risk Management spans the Americas, and this is a key role in the success of the ...

OMC

Risk Director

Phoenix, AZ · On-site

YOUR DAY-TO-DAY Financial Risk Management * Lead corporate and project-specific insurance programs, including GL, Builder's Risk, Professional Liability, Umbrella/Excess, Cyber, and OCIP/CCIP.

OMC

Risk Director

Phoenix, AZ · On-site

YOUR DAY-TO-DAY Financial Risk Management * Lead corporate and project-specific insurance programs, including GL, Builder's Risk, Professional Liability, Umbrella/Excess, Cyber, and OCIP/CCIP.

Banner Health

Risk Program Manager

Phoenix, AZ · Hybrid

Risk Management Work Shift: Day Job Category: Risk, Quality and Safety We are honored to have ... Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care ...

Bannerhealth

Risk Program Manager

Phoenix, AZ · Hybrid

Risk Management Work Shift: Day Job Category: Risk, Quality and Safety We are honored to have ... Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care ...

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Financial Risk Manager information

See Phoenix, AZ salary details

$49.2K

$106.5K

$162.4K

How much do financial risk manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for financial risk manager in Phoenix, AZ is $106,539.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,000.00 and $123,200.00 per year, depending on experience, location, and employer.

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 the key skills and qualifications needed to thrive as a financial risk manager?

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 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.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What are popular job titles related to Financial Risk Manager jobs in Phoenix, AZ?

For Financial Risk Manager jobs in Phoenix, AZ, the most frequently searched job titles are:

What job categories do people searching Financial Risk Manager jobs in Phoenix, AZ look for?

The top searched job categories for Financial Risk Manager jobs in Phoenix, AZ are:

What cities near Phoenix, AZ are hiring for Financial Risk Manager jobs?

Cities near Phoenix, AZ with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Phoenix, AZ as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $106,539 per year, or $51.2 per hour.

Senior Financial Risk Analyst

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Posted 10 days ago

Job description

Job Title:
Senior Financial Risk Analyst
Location:
CityScape
What you'll do:
The Financial Risk Management Group (FRM) oversees risk-taking activities of Treasury and Mortgage Capital Markets. This role within FRM focuses specifically on Investment Portfolio, Mortgage Servicing Rights and Loans Held for Sale exposures. 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 financial 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. As a Financial Risk Senior Analyst, you will support the oversight of the company's investment portfolio and mortgage asset portfolio, along with their respective hedging activities. You'll help monitor risk exposures, review risk reports, and assist in ensuring compliance with internal policies and regulatory standards. This role is ideal for someone with a strong analytical background who is looking to develop their expertise in financial risk management.
  • Risk Monitoring: Assist in reviewing investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing. Monitor portfolio exposures (duration, convexity, liquidity, credit risk) and validate stress testing results.
  • Help prepare risk reports and summaries for management and risk committees.
  • Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
  • Support the documentation of oversight processes and help ensure adherence to risk limits and regulatory requirements. Review hedge performance metrics (e.g., Earnings at Risk, and Economic Value of Equity)
  • Prepare risk oversight reports for senior management and risk committees.
  • Ensure compliance with Board-approved risk limits and regulatory requirements.
  • Maintain documentation of oversight processes and challenge activities.

What you'll need:
  • Bachelor's degree in finance, Economics, Mathematics, or related field; master's degree or CFA/FRM preferred.
  • 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with a strong focus on analytics.
  • Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
  • Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Understanding of regulatory frameworks and risk management principles.
  • Strong understanding of second line of defense principles and governance.
  • Analytical mindset with attention to detail.
  • Ability to work collaboratively with different teams.
  • Advanced written and verbal communication skills.

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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