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

OMC

Risk Director

Phoenix, AZ

YOUR DAY-TO-DAY Financial Risk Management * Lead procurement and administration of corporate and project-specific insurance programs (GL, Builder's Risk, Professional Liability, Umbrella/Excess ...

OMC

Risk Director

Phoenix, AZ · On-site

YOUR DAY-TO-DAY Financial Risk Management * Lead procurement and administration of corporate and project-specific insurance programs (GL, Builder's Risk, Professional Liability, Umbrella/Excess ...

Valley Bank

Sr Credit Risk Manager

Phoenix, AZ · On-site

Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan ... Ensures credits are accurately risk rated and are properly monitored and reported. * Prepares all ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ

$108K - $185K/yr

Operational Risk, Financial Risk, Cyber Resilience, Cybersecurity, Risk Management, IT Risk and Control, and/or IT Audit * Strong working knowledge of the inherent risks in the financial services ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108K - $185K/yr

Operational Risk, Financial Risk, Cyber Resilience, Cybersecurity, Risk Management, IT Risk and Control, and/or IT Audit * Strong working knowledge of the inherent risks in the financial services ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108K - $185K/yr

Operational Risk, Financial Risk,Cyber Resilience, Cybersecurity, Risk Management, IT RiskandControl, and/or IT Audit * Strong working knowledge of theinherentrisksin the financial services industry

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$51.1K

$110.8K

$168.8K

How much do financial risk manager jobs pay per year?

As of Jun 11, 2026, the average yearly pay for financial risk manager in Phoenix, AZ is $110,765.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,400.00 and $128,100.00 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.

How much does a risk manager get paid?

A financial risk manager's salary varies based on experience, location, and industry, but typically ranges from $80,000 to $150,000 annually. Senior risk managers or those with specialized certifications like FRM or CFA can earn higher salaries, especially in large financial institutions or major financial centers.

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 finance risk manager do?

A financial risk manager identifies, analyzes, and mitigates potential financial risks that could impact an organization, such as market, credit, or operational risks. They use tools like risk assessment models and financial analysis to develop strategies that protect the company's assets and ensure regulatory compliance. Strong analytical skills, knowledge of financial markets, and relevant certifications like FRM or CFA are often required.

What is the salary of risk manager?

The salary of a Financial Risk Manager at JP Morgan typically ranges from $90,000 to $150,000 annually, depending on experience, location, and certifications such as FRM or CFA. Senior risk managers or those in high-cost areas may earn higher compensation, including bonuses and benefits.

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.

Do risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by experience, location, and industry. According to industry reports, median annual salaries range from $80,000 to over $150,000, with senior roles and certifications like FRM or CFA often commanding higher pay. Risk management skills in data analysis and financial modeling are highly valued in this field.
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 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 $110,765 per year, or $53.3 per hour.
Sr. IT Risk Manager

Sr. IT Risk Manager

Early Warning Services, LLC

Scottsdale, AZ • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago

Job description

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle®, Paze℠, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.
Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.
Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.
Overall Purpose
This position is responsible for consulting with, educating and supporting Technology on the execution of enterprise and operational risk programs, promoting an environment of risk awareness and ownership in the business and supporting the adherence to the Company's risk appetite. This role will help to ensure timely execution of risk program requirements, including risk and control self-assessments, reporting as required by various governance committees and the identification and escalation of risks and issues with business unit management and second line of defense risk partners. This position also serves as a subject matter expert on risk programs, policies, and frameworks for the business unit it supports.
Essential Functions
Risk, Control, and Issue Management
  • Serves as a subject matter expert, providing guidance and process coaching to the business unit, to understand, create and maintain a comprehensive and complete process, risk, and control universe
  • Ensures timely identification, remediation, mitigation and escalation of risks and issues and consults with business line management to ensure the efficient and accurate execution and closure of issues.
  • Oversee the development and execution of the business unit's risk-based testing and monitoring program and ensure control testing and/or monitoring is completed in accordance with the Company's risk program framework and professional standards.

Risk Programs New Business/Products; Third-Party Management
  • Guide business partners through governance processes related to new products and services, initiatives, and vendors including support documentation of associated risk assessments.
  • Work with business partners and other stakeholders across first and second line to identify risks associated with new or changes to existing processes, products, or services and third parties, and oversee the monitoring and reporting of these risks to management and relevant committees.

Risk Governance and Culture
  • Collaborate with business line leadership to manage risks within the Company's risk appetite, and support key decision-making activities.
  • Understand and adhere to the Company's regulatory requirements, policies, standards, and procedures and create procedures within the business unit, as needed, to operationalize and ensure adherence to relevant requirements.
  • Educate, train, and advise business leaders on risk management practices and activities.
  • Lead business through ongoing identification of current and emerging risks.

Reporting and Analytics
  • Aggregate and analyze risk data to support reporting and analytics for risk management use by the business and second line.
  • Work with business on content for risk reporting and updates to senior management, risk committees, internal audit, and external oversight bodies.

Minimum Qualifications
  • Education and/or experience typically obtained through completion of a bachelor's degree in Business Administration, Finance, Accounting, or other related field of specialty.
  • Typically 12 or more years of progressive risk management experience, preferably within financial services using the three lines of defense model.
  • Strong understanding of risks, controls, and issues management.
  • Demonstrated ability to work effectively in a complex, highly regulated environment.
  • Working knowledge of regulatory requirements related to financial services, consumer facing products and payments.
  • Experience and success working and directing cross-functional teams
  • Persuasive communication, organization, and presentation skills.
  • Effective influence management skills with experience challenging peers and managers with contrasting views.
  • Ability to direct a team on managing risk management responsibilities while addressing unexpected events.
  • Background and drug screen

Preferred Qualifications
  • Knowledge of COSO's Internal Control - Integrated Framework, or similar
  • Risk management, internal control, or Certified Regulatory Compliance (CRCM) certification(s)

Physical Requirements
Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers. Requires the ability to communicate with internal and/or external customers.
Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.
The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $129,000 - $161,000.
New York, NY/ San Francisco, CA in USD per year is: $154,000 - $193,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.
This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.
Some of the Ways We Prioritize Your Health and Happiness
  • Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
  • 401(k) Retirement Plan - Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
  • Paid Time Off - Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
  • 12 weeks of Paid Parental Leave
  • Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

And SO much more! We continue to enhance our program, so be sure to check our Benefits page here for the latest. Our team can share more during the interview process!
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.

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