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Head Of Model Risk Management Jobs in Arizona (NOW HIRING)

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ · On-site

... of AML Transaction Monitoring models. The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · On-site

$108K - $185K/yr

Sitting within the 2nd line of defense, this Specialist reports to the Head of Risk Treatment and will play an important role in governing issues management and risk treatment and related activities ...

USAA

Model Validator (Mid-Level) - Fraud/AML

Phoenix, AZ · Hybrid

$93K - $179K/yr

The Opportunity As a dedicated Model Validator (Mid-Level) , you will execute model risk validation oversight for the life-cycle management of models which includes conducing model validation ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ

$108K - $185K/yr

Sitting within the 2 nd line of defense, this Specialist reports to the Head of Risk Treatment and will play an important role in governing issues management and risk treatment and related activities ...

Northern Trust

Risk Treatment Specialist

Tempe, AZ · Hybrid

$108K - $185K/yr

Sitting within the 2ndline of defense, this Specialist reports to the Head of Risk Treatment and will playan important rolein governing issues management and risk treatment and related ...

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$50.3K

$133.4K

$242.3K

How much do head of model risk management jobs pay per year?

As of Jun 6, 2026, the average yearly pay for head of model risk management in Arizona is $133,432.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,300.00 and $156,100.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Head Of Model Risk Management, and why are they important?

To thrive as a Head Of Model Risk Management, you need deep quantitative expertise, advanced knowledge of risk management frameworks, and a strong background in finance or mathematics, often supported by advanced degrees such as a PhD or MSc. Familiarity with statistical software (like Python, R, or SAS), model validation tools, and regulatory compliance systems is typically required. Exceptional leadership, communication, and critical thinking skills are essential for effectively managing teams and presenting complex risk issues to stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and sound decision-making within financial institutions.

What is the difference between Head Of Model Risk Management vs Model Validation Manager?

AspectHead Of Model Risk ManagementModel Validation Manager
Primary FocusOversees overall model risk framework, governance, and strategyConducts independent validation and testing of models
ResponsibilitiesRisk oversight, policy development, senior stakeholder communicationModel testing, performance assessment, validation reports
CredentialsAdvanced degrees, certifications like FRM, CFA, or CAMS, experience in risk managementQuantitative background, certifications like CFA, FRM, strong modeling expertise
Work EnvironmentStrategic, leadership role within risk management teamsTechnical, analytical role focused on model validation tasks

The Head Of Model Risk Management oversees the entire model risk framework, focusing on strategy and governance, while the Model Validation Manager specializes in testing and validating individual models. Both roles require strong quantitative skills and relevant certifications, but differ in scope and responsibilities.

How much does a head of risk make?

A Head of Model Risk Management typically earns between $150,000 and $250,000 annually, depending on the size of the organization, location, and experience. Senior roles may include bonuses and benefits, and strong expertise in risk modeling, regulatory standards, and leadership are often required.

What are the main challenges faced by a Head of Model Risk Management in maintaining regulatory compliance?

A Head of Model Risk Management often faces the challenge of keeping up with evolving regulatory expectations and ensuring that all models used within the organization are compliant. This involves constantly monitoring regulatory updates, coordinating with various departments to implement necessary changes, and maintaining detailed documentation for audit purposes. Additionally, the role requires balancing the need for innovation in modeling techniques with the necessity of robust risk controls and transparent validation processes. Regular communication with risk, compliance, and audit teams is essential to address these challenges effectively.

What does a Head of Model Risk Management do?

A Head of Model Risk Management oversees the processes and teams responsible for identifying, assessing, and mitigating risks associated with financial and predictive models used within an organization. This role involves establishing and maintaining model risk frameworks, ensuring regulatory compliance, and leading model validation activities. They also coordinate with other departments to ensure the effective management and governance of all models, providing guidance on best practices and emerging risks. Ultimately, their goal is to minimize model-related losses and support sound decision-making across the business.
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Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in Arizona as of May 2026, with employment types broken down into 61% Full Time, 31% Part Time, and 8% Temporary. Highlights an 85% In-person, and 15% Hybrid job distribution, with an average salary of $133,432 per year, or $64.2 per hour.

Manager, Model Risk Management

Global Credit Union

Glendale, AZ • On-site

$100K - $172K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Global Credit Union rating

8.8

Company rating: 8.8 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

Job description

Overview
Reports to: Senior Manager, Enterprise Risk
Functions Supervised: Model Risk Management
Primary Functions: Responsible for the development and implementation of model risk policies, procedures, and processes in line with industry standards and regulatory best practices.
Duties and Responsibilities:
  1. Coordinate with First Line risk and compliance teams to facilitate model risk management practices and execution of the credit union's Model Risk Management program. Identify and maintain model inventories, conduct risk assessments, and develop model risk metrics. Monitor, report and communicate model risk findings.
  2. Provide independent second-line assessment and effective challenge in the credit union's capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit, based on the credit union's risk profile. Coordinate with third parties on their model validation.
  3. Independently conduct hands-on validation and testing throughout the model development process
  4. Partner with subject matter experts and leaders to ensure execution of requisite control activities.
  5. Keep track of the remediation progress and final validation before closure in the credit union's GRC platform, LogicManager.
  6. Enhance policies and procedures, assist with model governance activities.
  7. Produce model risk reports for applicable committees and senior/executive management.
  8. Research, develop, and maintain knowledge and skills through completion of continuing education and training pertinent to the position.
  9. Participate as needed on special projects and other duties as assigned.

Qualifications
Education: Bachelor's degree in mathematics, statistics, information technology, business, economics, finance, or related fields.
Creditable Experience in Lieu of Education: Not Applicable
Experience/Skills: 5+ years' experience in risk management processes, model development / validation, consulting, banking or other financial services industries.
Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Ability to communicate/influence complex issues. Flexible approach to new projects, requirements, and workplace
demands. Familiar with modelling tools and methodologies used in the industry. Ability to think outside the box, and design scalable, efficient solutions.
Tenure: Not Applicable
Compensation
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.
Salary Pay Range: 06
$100,331 - $172,572 annually
Benefits
  • Short-term and long-term incentives
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Employee Assistance Program (EAP)
  • Life and disability coverage
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Tuition Reimbursement
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Click here to view Global's comprehensive Benefits Programs

Equal Opportunity Employer

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