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

Philo Ventures

Head of Engineering

Lehi, UT

Keysy is looking for a strategic Head of Engineering to build and lead a world-class software ... Recruit, train, and manage engineering team * Help shape the strategic direction of the company

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Head Of Model Risk Management information

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$49.2K

$130.4K

$236.7K

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

As of May 28, 2026, the average yearly pay for head of model risk management in Utah is $130,351.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,000.00 and $152,500.00 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 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.

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 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.

What are popular job titles related to Head Of Model Risk Management jobs in Utah? For Head Of Model Risk Management jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Head Of Model Risk Management jobs in Utah look for? The top searched job categories for Head Of Model Risk Management jobs in Utah are:
What cities in Utah are hiring for Head Of Model Risk Management jobs? Cities in Utah with the most Head Of Model Risk Management job openings:
Head Of Model Risk Management jobs near you
Infographic showing various Head Of Model Risk Management job openings in Utah as of May 2026, with employment types broken down into 80% Full Time, and 20% Part Time. Highlights an 100% In-person job distribution, with an average salary of $130,351 per year, or $62.7 per hour.
Dir, Treasury & Market Risk

Dir, Treasury & Market Risk

Zions Bancorporation

Salt Lake City, UT • On-site

Full-time

Retirement

Posted 17 days ago

Zions Bancorporation rating

8.6

Company rating: 8.6 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

22nd of 141 rated banks

Job description

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.
With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.
Zions Bancorporation is seeking an experienced Director, Treasury & Market Risk to support second-line risk management activities related to the Bank's Treasury function. This role provides independent oversight of Treasury activities, including-but not limited to-asset-liability management (ALM), funding, liquidity, and investments, to ensure alignment with the Bank's overall risk appetite.
The Director will independently oversee Corporate Treasury strategies and operations, assess related market and liquidity risks, and partner with first-line Treasury teams to identify, monitor, and remediate risk exposures. This includes daily review of Treasury positions against policy-defined risk limits and escalation of issues as needed.
Role Summary
Reporting to the Head of Market & Liquidity Risk, this position is part of the Bank's Market & Liquidity Risk team, a second-line function reporting to the Chief Risk Officer (CRO). The team provides independent oversight of interest rate risk, liquidity risk, and price risk arising from first-line Treasury and Capital Markets activities.
As part of the independent market risk control function, the Director will collaborate with first-line Treasury teams to ensure front-office analytics, controls, and risk management practices are effective, well-governed, and compliant with current and evolving regulatory requirements.
Key Responsibilities
The Director, Treasury & Market Risk is responsible for overseeing risks arising from Treasury activities and for managing the associated control framework, including risk limits. This is a leadership role that will continue to evolve as the Bank expands its Treasury and Capital Markets activities and as regulatory expectations grow.
Core responsibilities include:
Governance and Oversight
  • Ensure Corporate Treasury activities are governed in accordance with the Bank's Risk Management Framework (RMF) and applicable policies.
  • Independently monitor and report risks related to Treasury activities, including interest rate, balance sheet, funding, and liquidity risk.
  • Review Treasury risk positions and partner with first-line teams to remediate limit breaches or other risk exceptions.

Risk-Specific Oversight
  • Liquidity Risk
    • Monitor liquidity positions and stress testing results.
    • Assess funding strategies and liquidity impacts.
    • Provide independent review of liquidity risk measurement and stress-testing methodologies.
  • Balance Sheet / Interest Rate Risk
    • Independently assess balance sheet risk exposures.
    • Review ALM strategies to ensure consistency with the Bank's strategic objectives and risk appetite.
    • Provide perspectives on balance sheet optimization and impacts to profitability and capital.
  • Investment Portfolio Risk
    • Partner with investment portfolio managers to evaluate performance, risk exposures, and risk-adjusted returns, as needed.
  • Funding Risk
    • Provide independent evaluation of funding strategies and funding sources, highlighting risk-return trade-offs.

Risk Appetite, Regulatory, and Stakeholder Engagement
  • Partner with Corporate Treasury to clearly communicate risk appetite and support adherence to established limits.
  • Serve as a subject matter expert on regulatory, governance, and supervisory expectations related to balance sheet, funding, and liquidity risk.
  • Independently review Treasury-related policies and procedures for compliance with current and evolving regulatory standards, including expectations applicable to Category IV (CAT IV) banks.
  • Act as an independent advisor and sounding board to Corporate Treasury leadership.

Collaboration and Leadership
  • Partner with Enterprise Finance and other second-line Risk Management teams to ensure alignment with financial and regulatory requirements.
  • Participate in Bank risk management committees, as required.
  • Manage 1-2 direct reports within the second-line Market Risk team, who currently provide market and liquidity risk oversight.

Qualifications
  • Bachelor's degree in a quantitative, finance, economics, or business-related field.
  • 10-15+ years of experience in financial services, including leadership experience in Treasury, market risk, or a closely related function.
  • Demonstrated expertise in liquidity risk, funding risk, ALM, and bank investment portfolio management.
  • Strong experience in ALM modeling, balance sheet management, and balance sheet optimization.
  • Excellent communication skills, with the ability to interact effectively with executive leadership, regulators, auditors, and front-line Treasury professionals.
  • Relevant professional certifications (e.g., FRM, CFA) are a plus.

Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as:
  • Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages;
  • An employee-only fitness center and bike storage;
  • An employee lounge, kitchen, micro market, game tables, couches and TVs;
  • Private mothers' rooms and lockers; and
  • Access to downtown shopping, dining, arts and entertainment.

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