1

Model Risk Analyst Jobs in Texas (NOW HIRING)

Develop quantitative integrated cost and schedule Program risk models using risk software and analyze results. * Prepare program risk communications (memos), risk dashboards, Risk Assessment reports ...

Program Risk Analyst

Dallas, TX · On-site +1

$85K - $100K/yr

Develop quantitative integrated cost and schedule Program risk models using risk software and analyze results. * Prepare program risk communications (memos), risk dashboards, Risk Assessment reports ...

If so, being a Model Validation Analyst II with Frost could be for you. At Frost, it's about more ... You will provide recommendations on how to adjust model risk. By turning data into insights, you ...

next page

Showing results 1-20

Model Risk Analyst information

See Texas salary details

$14

$37

$61

How much do model risk analyst jobs pay per hour?

As of Jun 20, 2026, the average hourly pay for model risk analyst in Texas is $37.72, according to ZipRecruiter salary data. Most workers in this role earn between $27.79 and $45.91 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.

What are popular job titles related to Model Risk Analyst jobs in Texas? For Model Risk Analyst jobs in Texas, the most frequently searched job titles are:
What job categories do people searching Model Risk Analyst jobs in Texas look for? The top searched job categories for Model Risk Analyst jobs in Texas are:
Infographic showing various Model Risk Analyst job openings in Texas as of June 2026, with employment types broken down into 94% Full Time, 2% Part Time, 1% Temporary, and 3% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $78,454 per year, or $37.7 per hour.

Program Risk Analyst

AECOM

Dallas, TX • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago


AECOM rating

8.1

Company rating: 8.1 out of 10

Based on 58 frontline employees who took The Breakroom Quiz

15th of 78 rated construction


Job description

Company Description

Work with Us. Change the World.

At AECOM, we're delivering a better world. Whether improving your commute, keeping the lights on, providing access to clean water, or transforming skylines, our work helps people and communities thrive. We are the world's trusted infrastructure consulting firm, partnering with clients to solve the world's most complex challenges and build legacies for future generations.

There has never been a better time to be at AECOM. With accelerating infrastructure investment worldwide, our services are in great demand. We invite you to bring your bold ideas and big dreams and become part of a global team of over 50,000 planners, designers, engineers, scientists, digital innovators, program and construction managers and other professionals delivering projects that create a positive and tangible impact around the world.

We're one global team driven by our common purpose to deliver a better world. Join us.

Job Description

Job Summary:

AECOM is seeking a Program Risk Analyst working at the intersection of Civil Engineering, Program and Project Management, and Decision Support to support risk management for major infrastructure programs. This position will be based remotely in the U.S., with occasional travel within the Western region. 

Major Responsibilities:

  •  Support program Risk Manager in the area of  Program Risk Management, including but not limited to: prepare risk management plans and processes fit for the Program and Projects, develop and organize risk mitigation plans and develop tracking mechanisms to controls effectiveness of risk management.

  • Assist in the execution and maintenance of program risk management service framework, including data use case execution that reflect project/program direction and opportunities.

  • Recognize and manage program risks in area of responsibility, and assists in putting in place appropriate mitigation plans and assists in communicating these to avoid surprises with key stakeholders.

  • Effectively facilitate risk interviews and run workshops to gather requirements and gain consensus.

  • Work and collaborate with a multitude of different people - including business customers, Functional managers, project managers and engineers - to balance demands.

  • Assist in the development of program specific risk management plans.

  • Organize and facilitate Construction risk mitigation meetings.

  • Assist in the development of ad hoc program risk communiques supporting decision points in the program.

  • Review program documents, analyze program data and develop Program and Project Risk Registers.

  • Support schedule critical reviews, and scrutinize cost estimates, understanding areas of uncertainty.

  • Schedule and conduct risk interviews and support facilitation of Program Risk Workshops.

  • Develop quantitative integrated cost and schedule Program risk models using risk software and analyze results.

  • Prepare program risk communications (memos), risk dashboards, Risk Assessment reports, and document risk mitigation strategies.

  • Work with program team on  program risk allocation and risk transfer mechanisms through either design specifications or language in the procurement documents.

  • Prepare  Program Risk Assessment presentations and prepare presentations of the program risk profile.

  • Support  Program Managers.

  • Work collaboratively with program risk management team, involving supporting decisions of the Program Risk Manager.

Qualifications

Minimum Requirements:

  • BA/BS + 2 Years of relevant experience or demonstrated equivalency of experience and/or education

Preferred Qualifications:

  • University Degree in Construction Management, Civil Engineering, Business or related discipline.

  • 3 - 5 years of related experience within Construction Management, Program Management, and/or Risk Assessments (meaning, qualitative/quantitative risk assessments on construction programs.)

  • M.A.Sc. or M.B.A. degree in Civil Engineering, Economics, Statistics or related field is a strong asset.

  • Experience in quantitative/qualitative cost/schedule risk assessments within Construction Management, Civil Engineering, and Program and Project Management.  

  • Experience in statistical assessments in the field of Construction Management, Civil Engineering, and Program and Project Management.

  • Familiarity with Monte Carlo simulation and any experience with applicable software, such as @Risk, Acumen, ARM, and InEight is an asset.

Additional Information

Sponsorship is not offered for this role now or in the future

About AECOM 

AECOM is proud to offer comprehensive benefits to meet the diverse needs of our employees. Depending on your employment status, AECOM benefits may include medical, dental, vision, life, AD&D, disability benefits, paid time off, leaves of absences, voluntary benefits, perks, flexible work options, well-being resources, employee assistance program, business travel insurance, service recognition awards, retirement savings plan, and employee stock purchase plan. 

AECOM is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle - from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at aecom.com. 

What makes AECOM a great place to work 

You will be part of a global team that champions your growth and career ambitions. Work on groundbreaking projects - both in your local community and on a global scale - that are transforming our industry and shaping the future. With cutting-edge technology and a network of experts, you'll have the resources to make a real impact. Our award-winning training and development programs are designed to expand your technical expertise and leadership skills, helping you build the career you've always envisioned. Here, you'll find a welcoming workplace built on respect, collaboration and community-where you have the freedom to grow in a world of opportunity. 

As an Equal Opportunity Employer, we believe in your potential and are here to help you achieve it. All your information will be kept confidential according to EEO guidelines. 


What AECOM employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom