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Model Risk Analyst Jobs (NOW HIRING)

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

Model Risk Analyst Location: CityScape What you'll do: Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put ...

JCW Group

Model Risk Analyst

Chicago, IL · On-site

We're helping our client, a bank in downtown Chicago, fill a new Model Risk Analyst, targeted towards someone who already has working in a bank's model validation team and has strong statistical and ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Dallas, TX · Hybrid

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Irvine, CA · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank, N.A.

Model Risk Analyst

Dallas, TX · On-site

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Overland Park, KS · Hybrid

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Overland Park, KS · Hybrid

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Denver, CO · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Dallas, TX · Hybrid

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank, N.A.

Model Risk Analyst

Denver, CO · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank, N.A.

Model Risk Analyst

Irvine, CA · On-site

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

Sunflower Bank NA

Model Risk Analyst

Denver, CO · Hybrid

$85K - $95K/yr

Sunflower Bank is seeking a Model Risk Analyst to join its Enterprise Risk Management Department. The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ...

NC SECU

Model Risk Analyst

Raleigh, NC · Hybrid

... inventory and model risk rankings. * (10%) Develop and maintain effective partnerships within SECU, particularly with model owners, model developers and data analysts. * (10%) Assist in ...

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How much do model risk analyst jobs pay per hour?

As of Jun 23, 2026, the average hourly pay for model risk analyst in the United States is $40.49, according to ZipRecruiter salary data. Most workers in this role earn between $29.81 and $49.28 per hour, depending on experience, location, and employer.

What is a Model Risk Analyst job?

A Model Risk Analyst evaluates, validates, and monitors financial models to ensure they function correctly and comply with regulatory standards. They identify potential risks in model assumptions, data quality, and methodologies. Their work helps financial institutions mitigate model-related risks that could lead to inaccurate decision-making. Analysts collaborate with model developers, risk managers, and auditors to improve model performance and documentation. Strong analytical, statistical, and programming skills are essential for this role.

What are the key skills and qualifications needed to thrive in the Model Risk Analyst position, and why are they important?

To thrive as a Model Risk Analyst, you need strong quantitative analysis skills, a background in mathematics, statistics, finance, or a related field, and experience in model validation practices. Familiarity with programming languages such as Python, R, SAS, and tools like Excel, along with knowledge of regulatory requirements such as SR 11-7, is typically essential; certifications like FRM or CFA can be advantageous. Excellent communication, attention to detail, and critical thinking are important soft skills for presenting findings and collaborating with cross-functional teams. Mastery of these skills ensures the integrity and reliability of risk models, supporting sound business decisions and regulatory compliance.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, industry, and location. Model risk analysts, a specialized role, often have salaries in this range but may earn more with advanced certifications or in financial sectors. Entry-level positions usually start lower, while senior analysts can earn over $100,000 annually.

Is risk analyst a high paying job?

A risk analyst, including model risk analysts, typically earns a competitive salary that varies by industry, experience, and location. In finance and banking, risk analysts often have higher earning potential, especially with advanced certifications like FRM or CFA. Overall, it is considered a well-paying role within the financial and risk management fields.

Is risk modelling a good career?

Risk modelling is a valuable career in finance and insurance industries, involving the development of statistical models to assess and manage financial risks. It requires strong analytical skills, proficiency with tools like Excel and programming languages such as Python or R, and often benefits from certifications like FRM or CFA. The field offers steady demand and opportunities for advancement, especially for those with quantitative backgrounds.

What does a model risk analyst do?

A model risk analyst evaluates and monitors the risks associated with financial or operational models used by organizations. They review model assumptions, validate model accuracy, and ensure compliance with regulatory standards, often using statistical and analytical tools. Their work helps prevent financial loss and supports decision-making processes.

What are some typical challenges a Model Risk Analyst might face in their daily work?

Model Risk Analysts often encounter challenges such as ensuring data quality, identifying model limitations, and keeping up with evolving regulatory standards. They must frequently balance the technical rigor needed to validate complex financial models with the need to communicate their findings clearly to stakeholders without a technical background. Additionally, adapting quickly to new modeling methodologies or changing business priorities is common. Overcoming these challenges requires ongoing learning, strong collaboration with model developers, and a proactive approach to risk management.

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Model Risk Analyst jobs near you
Infographic showing various Model Risk Analyst job openings in the United States as of June 2026, with employment types broken down into 96% Full Time, 1% Part Time, 1% Temporary, and 2% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $84,210 per year, or $40.5 per hour.
Model Risk Analyst

Model Risk Analyst

Western Alliance Bancorporation

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 19 days ago

Job description

Job Title:
Model Risk Analyst
Location:
CityScape
What you'll do:
Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques. In this role, you will help identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank's Model Risk Management program.
  • Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
  • Prepare comprehensive model validation reports and presentations.
  • Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
  • Stay current with research and trends in statistical modeling and model risk management.

What you'll need:
  • Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
  • Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
  • Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
  • Intermediate project management skills and ability to manage multiple projects independently.
  • Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
  • Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
  • Intermediate verbal and written communication skills.
  • Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation

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