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

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

Minimum 5 years of experience in mortgage banking or mortgage servicing with an emphasis in risk management, internal audit or compliance, within the financial services industry. Prior leadership ...

Risk Specialist

Tempe, AZ · On-site +1

$94K/yr

Qualifications: • Bachelor's degree in an accredited college or university business administration, finance, risk management, or a related field. • Proficient in using risk management software ...

Risk Specialist

Tempe, AZ · On-site +1

$94K/yr

Qualifications: • Bachelor's degree from an accredited college or university in business administration, finance, risk management, or a related field. • Proven experience in risk management ...

AVP, Banking Risk & Controls

Phoenix, AZ · On-site

$94K - $110K/yr

Background in an Operations, Risk Management, Compliance, BSA/AML, or Internal Audit role within a financial institution. * Degree in Finance, Accounting, Business Law, or equivalent mortgage ...

Showing results 41-60

Financial Risk Manager information

See Phoenix, AZ salary details

$51.1K

$110.8K

$168.8K

How much do financial risk manager jobs pay per year?

As of Aug 7, 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.

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 Financial Risk Manager (FRM) designation. The role often demands analytical skills, experience with risk assessment tools, and a good understanding of financial markets, making it a challenging but attainable career path for those with the right education and skills.

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?

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.

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 salaries often range from $80,000 to over $150,000, with higher earnings possible for senior roles and those with professional certifications like FRM or CFA.

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.

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, and typically involves a demanding schedule with high responsibility.
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:
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 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $110,765 per year, or $53.3 per hour.

Operational Risk Management - Scenario Analysis Lead, Vice President

MUFG Bank, Ltd.

Tempe, AZ • Hybrid

$125K - $160K/yr

Full-time

Medical, Retirement, PTO

Re-posted 2 days ago


MUFG rating

8.1

Company rating: 8.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz


Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

Reporting to the Operational Risk Management Governance Director this role will be focused on managing the Assessment function within ORMD and oversee the processes associated with the internal control programs/assessments (Control Self Assessment (CSA), Payment System Risk (PSR), HO Global CSA, Regulatory Assessments, and business targeted reviews. Participate in the evaluation of risk and controls issues in the Bank, report relevant findings to management, and maintain documentation of policies and procedures.

Responsibilities:

We are seeking an Operational Risk Manager who will support the building and execution of the operational risk management processes and frameworks across MUFG in the US. This includes;

  • Oversight of the MUFG lines of business including, Investment Banking, Wholesale Banking, Capital Markets, and Transaction Banking.
  • Scenario analysis, working with business lines to develop appropriate scenarios that can provide useful risk management insights
  • Review operational risk management policies and ensure business implementation and adherence.
  • Familiarity with Issue management processes,
  • Review of operational risk incidents, including root cause analysis and review of remediation action adequacy.
    Key risk indicators, develop and monitor risk metrics within each of the lines of business.
  • Risk and control self-assessments,
  • Risk reporting and analytics
  • Participate in and oversee that GRC system developments align with program requirements.
  • Lead or support the engagement with Internal or External Auditors and Regulators on the ORM program and to address inquiries documentation/information requests completely and timely.
  • Stay abreast of industry developments in the Operational Risk space
  • Support other requests as assigned by the ORM Governance Director.

In addition, you will develop regulatory responses, risk management project implementations, and other risk management activities.


Interactions / Interpersonal Skills:

  • Strong oral / written communication skills.  Comfortable presenting to management and provide independent challenges when different view exists.
  • Good interpersonal skills to build and manage relationships with business units as well as various second line of defense groups.
  • Strong work commitment and works well in a fast-paced and dynamic environment.

Business and Technical Knowledge

  • Strong Risk or Audit experience
  • Broad view of the financial services industry
  • Strong knowledge in ORM framework element such as Loss data, Scenario Analysis, KRM/KRI and Issue Management
  • Understanding of banking regulatory agency expectation/requirements on operational risk management
  • Strong ability to analyze data and trends and prepare meaningful reports.
  • Strong knowledge of GRC platforms, with Open Pages being a plus
  • Highly proficient with Microsoft tools; Power Apps are a plus, as are reporting tools such as Tableau.

Qualifications:

  • 6+ years’ experience in operational risk management, internal audit, management consulting or related field
  • 3+ years' experience with scenario analysis
  • Experience in control testing techniques and documentation
  • Strong knowledge of risk management, regulatory requirements, and industry practices
  • Demonstrated ability to manage workloads and prioritize deliverables.
  • Strong written and verbal communication skills
  • Bachelor’s degree in business, finance, ac
  • Accounting, or related field.  Postgraduate degree is a plus.

The typical base pay range for this role is between $125K - $160K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

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About MUFG

Sourced by ZipRecruiter

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

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