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Manager Model Risk Management Jobs in Utah (NOW HIRING)

Western Ag Credit

Risk Analyst

Spanish Fork, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

Spanish Fork, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT · On-site

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

Box Elder County

Risk Manager

Brigham City, UT · On-site

$75K - $85K/yr

Develop and administer County-wide risk management, safety, compliance, and accident review and prevention programs. * Conduct risk assessments, inspections, accident investigations, and safety ...

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All JobsManager Model Risk Management JobsManager Model Risk Management Jobs in Utah

Manager Model Risk Management information

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles typically require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills in financial institutions or large corporations.

What does a model risk manager do?

A model risk manager oversees the identification, assessment, and mitigation of risks associated with financial and operational models used within an organization. They ensure models are accurate, compliant with regulations, and perform as intended, often working with validation teams and utilizing tools like statistical software. Their role helps prevent financial loss and supports sound decision-making.

What is the difference between Manager Model Risk Management vs Model Risk Analyst?

AspectManager Model Risk ManagementModel Risk Analyst
CredentialsTypically requires advanced degrees (e.g., MBA, Master's in Finance or Risk), certifications like FRM or CFAOften requires similar credentials, such as FRM or CFA, but may have less emphasis on managerial certifications
Work EnvironmentLeads teams, manages risk frameworks, and interacts with senior managementPerforms detailed risk analysis, supports model validation, and reports findings
Employer & Industry UsageCommon in banking, asset management, and financial institutionsFound in similar environments, often as a supporting role to managers

The Manager Model Risk Management oversees the entire model risk framework, manages teams, and interacts with senior stakeholders. In contrast, the Model Risk Analyst focuses on detailed analysis, validation, and reporting of models. Both roles require similar credentials but differ in scope and responsibilities.

Is model risk management a good career?

Model risk management is a specialized field within financial and banking sectors that involves identifying, assessing, and mitigating risks associated with financial models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is considered stable and in demand due to increasing regulatory requirements and reliance on complex models.

What is the salary of model risk management in Deloitte?

The salary for a Manager in Model Risk Management at Deloitte typically ranges from $110,000 to $150,000 annually, depending on experience, location, and performance. Additional benefits may include bonuses, health insurance, and professional development opportunities.
What are the most commonly searched types of Model Risk Management jobs in Utah? The most popular types of Model Risk Management jobs in Utah are:
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What job categories do people searching Manager Model Risk Management jobs in Utah look for? The top searched job categories for Manager Model Risk Management jobs in Utah are:
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Manager Model Risk Management jobs near you
Model Validation Analyst

Model Validation Analyst

First Electronic Bank

Salt Lake City, UT

Other

Posted 27 days ago

Job description

Description

At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB's engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.      

The Model Validation Analyst plays a critical role in ensuring model integrity, regulatory compliance, and sound risk management practices. This role reports to the Head of Credit Risk and Portfolio Analytics Credit and supports the Bank's strategic partner program by reviewing statistical models used in underwriting and assessing overall model risk across partnerships.


What You'll Do:

  • Review third-party model validation documentation for conceptual soundness and alignment with applicable regulatory guidance.
  • Assess and challenge credit models and underwriting strategies used in loan origination.
  • Maintain a comprehensive inventory of all models used by the Bank, including underwriting, fraud, and marketing models.
  • Evaluate model performance monitoring practices and ensure appropriate tracking of key risk indicators.
  • Partner with Compliance, Legal, and Strategic Partner Management teams to ensure models meet applicable regulatory and internal policy requirements.
  • Prepare reports and present model risk metrics to the Bank's Credit Committee.
  • Monitor and test credit origination strategies to validate accuracy and consistency of credit decisions.
  • Conduct model and credit risk due diligence for prospective fintech partners.
  • Participate in or lead initiatives to enhance model risk management processes and improve overall risk oversight.

Requirements

What We're Looking For:


Education & Experience

  • Master's degree in Statistics, Data Science, Computer Science, Economics, Mathematics, or a related quantitative field;
  • OR Bachelor's degree with 3+ years of relevant experience in model development or validation.
  • Prior experience developing and/or validating credit risk models is required.
  • 3+ years of experience in banking, financial services, or a related industry is preferred.

Technical Skills

  • Strong understanding of statistical modeling techniques, including regression and classification models.
  • Ability to evaluate model structure, assumptions, and validation methodologies.
  • Familiarity with machine learning models and their application in credit decisioning.
  • Proficiency in one or more programming languages/tools, such as SQL, Python, R, or SAS.
  • Working knowledge of credit policies and underwriting frameworks.
  • Familiarity with CECL models is a strong plus.

Professional Skills

  • Ability to work effectively across cross-functional teams, including Compliance, Audit, and Model Risk Management.
  • Strong analytical and critical thinking skills with attention to detail.
  • Effective written and verbal communication skills, including the ability to present technical concepts to non-technical audiences.
  • Strong organizational and prioritization skills in a fast-paced environment.

Additional Information

  • Experience working with regulatory, audit, or model risk management frameworks is a plus.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook) required.

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