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Model Risk Analyst Jobs in California (NOW HIRING)

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 ...

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 ...

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 ...

Los Angeles, CA | On-site | Risk & Data Risk Analyst - Data and Analytics (Insurance) Pay Range ... Experience with computers and statistical modeling software * Knowledge of business and financial ...

Risk Analyst

Los Angeles, CA · On-site

$65K - $75K/yr

Los Angeles, CA | On-site | Risk & Data Risk Analyst - Data and Analytics (Insurance) Pay Range ... Experience with computers and statistical modeling software * Knowledge of business and financial ...

You would leverage wealth of internal and external data as well as state-of-the-art models to ... risk management, financial services, analytics or consulting experienceStrong written and verbal ...

Risk Analyst

San Diego, CA · On-site

$75.22K - $88.40K/yr

... be assigned) The Risk Analyst plays a critical role within Calpine Energy Solutions' risk ... Basic understanding of commodity trading and economic modeling along with power and gas physical ...

Risk Analyst

San Diego, CA

$75.22K - $88.40K/yr

... be assigned) The Risk Analyst plays a critical role within Calpine Energy Solutions' risk ... Basic understanding of commodity trading and economic modeling along with power and gas physical ...

Deliver risk modeling, data analysis, and actionable insights that inform departmental strategy * Lead renewal application processes and renewal data collection * Partner with Finance, Legal, HR, and ...

Risk Analyst II

Calabasas, CA · On-site +1

$30 - $34/hr

Assessing and evaluating business model risk and exposure by evaluating merchant industry type ... Ability to analyze, test, assess and / or interpret information or data to make recommendations to ...

Risk Analyst

Irvine, CA · On-site

$50K - $100K/yr

... to risk analysis, underwriting guidelines and related laws and regulations. * - Assist to search ... modeling to analyze claim trends. * - Perform additional duties as assigned by the company ...

Performing quantitative modelling, numerical analysis, and computational methods using programming ... Performing financial modeling techniques, including value-at-risk type of models, interest rate ...

Build statistical and trend-based analysis models to monitor risk concentrations and operational anomalies. * Support rollout and adherence to risk policies, standards, and escalation procedures ...

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Showing results 1-20

Model Risk Analyst information

See California salary details

$15

$39

$65

How much do model risk analyst jobs pay per hour?

As of May 28, 2026, the average hourly pay for model risk analyst in California is $39.96, according to ZipRecruiter salary data. Most workers in this role earn between $29.42 and $48.65 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.

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.

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 roles can exceed $100,000 annually.
What job categories do people searching Model Risk Analyst jobs in California look for? The top searched job categories for Model Risk Analyst jobs in California are:

Model Risk Analyst

Sunflower Bank, N.A.

Irvine, CA • On-site

$85K - $95K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Sunflower Bank rating

7.1

Company rating: 7.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

99th of 141 rated banks


Job description

Description:

At Sunflower Bank, N.A., we’re experiencing great growth. Since our founding in 1892, we've been committed to serving our communities and supporting the team members who make it all possible. As a full-service financial institution, we offer a full range of relationship-focused services to meet personal, business, and wealth-management financial objectives. Creating Possibility is not just our mission, it’s what we do every day for clients and associates. Learn more about Sunflower Bank, N.A. at sunflowerbank.com.


Sunflower Bank, N.A. is looking for an energetic, highly motivated individual to fill the position of a full-time Model Risk Analyst at our Irvine, CA location.


The salary range for this position is $85,000 to $95,000 depending on knowledge, skills, abilities, experience, and location.


Hybrid options available.


Description:


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, focusing on the annual assessment process, maintaining the model inventory, assisting in planning model validation, independent validation, and ongoing monitoring of quantitative models. This role ensures that models—used for credit risk, liquidity risk, market risk, capital planning, and BSA/AML—are conceptually sound, documented according to policy, and compliant with regulatory standards (e.g., SR 26-2).


Primary Responsibilities


  • Maintain the model inventory, ensuring it is up-to-date by confirming assigned models have correct attributes (status, owner, risk tier, review dates, etc.). Assist in model identification, classification, and risk rating.
  • Monitor the end-to-end issues management lifecycle of findings resulting from model validations, including tracking remediation progress and verifying closure documentation.
  • Ensure key details (assumptions, inputs, purpose, limitations) are clearly recorded in model documentation.
  • Perform hands-on validation of new and existing models, challenging conceptual soundness, assumptions, inputs, and performance metrics.
  • Conduct annual reviews and write annual review reports.
  • Act as a key point of contact with model developers and owners to discuss validation findings and provide "effective challenge".
  • Support requests received from third parties and Internal Audit related to model risk.
  • Perform the job in accordance with applicable industry laws and regulations as well as the policies and procedures established by the company.
  • Responsible for upholding Fair and Responsible Banking practices and Code of Ethics and Conduct guidelines.
  • Perform other duties as assigned.


Education / Experience


  • Bachelor’s degree in business analytics, economics, statistics, mathematics, finance, or a related quantitative field; master’s preferred.
  • A minimum of one year of experience in model development, model validation, quantitative risk management, or financial modeling and/or other related disciplines.
  • Familiarity with Excel, SQL, Python, R, SAS, or other relevant languages for data analysis and code replication.
  • Advanced Excel skills, conditional formatting, and/or data analysis tools, and familiarity with data visualization tools.
  • Excellent written and verbal communication skills, with the ability to explain complex technical concepts to non-technical stakeholders.


Pay is dependent on knowledge, skills, abilities, experience, and location.


Working Conditions


The physical demands of this position require the ability to perform essential job functions with or without reasonable accommodation. Employees may spend extended periods sitting or standing, using hands to operate computers or other equipment, and reaching for work-related tasks. Regular walking may be required, along with occasional bending, stooping, kneeling, or climbing. The role may involve lifting or moving items weighing up to 10 pounds. Vision requirements include close and distance vision, color and peripheral vision, depth perception, and the ability to adjust focus.


Sunflower Bank Benefits


People choose to “bank” with us, but for those we serve, we’re more than a bank. We strive to be the financial backbone of their lives, and we know that starts with our team.


Our supportive culture empowers team members to grow and seize new opportunities. Like our namesake, the sunflower, we are:

  • Rooted in Strength
  • Propelled by Growth
  • Individuals in a Great Whole
  • Creating Possibility
  • Community Focused


Associates enjoy outstanding benefits, including:

  • 401(k) Plan with 6% Match
  • Health/Dental/Vision Insurance
  • Company-paid Life Insurance
  • Tuition Reimbursement
  • Fitness Reimbursement
  • Paid Time Off
  • Volunteer Leave
  • Paid Holidays
  • Plus many more associate perks & incentives!


If you qualify, apply online at www.sunflowerbank.com/careers.


You’ve never worked anyplace like Sunflower Bank!


EOE/AA: Minorities/Females/Disabled/Vets


Sunflower Bank, N.A. is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.


Open until filled; early application encouraged. This vacancy announcement may be used to fill similar positions within 90 days.


If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location-specific notices is available on our privacy policy.



Requirements: