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Model Risk Analyst Jobs in Texas (NOW HIRING)

The Senior Risk Analyst will also be responsible for researching, resolving, and analyzing ... analytical models. * Investigate data and identify fraud trends and schemes & make system ...

Quantitative Risk Analyst Contract Type: Permanent Time Type: Full time Quantitative Risk Analyst ... Take ownership of model(s) including accurate position assessment with understanding of contract ...

Quantitative Risk Analyst Contract Type: Permanent Time Type: Full time Quantitative Risk Analyst ... Main Responsibilities โ€ข Develop and implement quantitative risk models and metrics for trading ...

Strong experience with Python for data analysis and modeling * Working knowledge of credit risk concepts: scorecards, vintage analysis, delinquency curves, loss forecasting * Ability to communicate ...

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Model Risk Analyst information

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$14

$37

$61

How much do model risk analyst jobs pay per hour?

As of Jul 10, 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.

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 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 July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 7% Part Time, 4% Contract, and 1% Nights. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $78,454 per year, or $37.7 per hour.
Senior Risk Analyst

Senior Risk Analyst

Fortis

Plano, TX โ€ข On-site

Other

Posted 28 days ago


Job description

Description

OVERVIEW:

At Fortis, we lead the way in next generation payment technologies and solutions. We transform payments into a competitive advantage for our clients and partners, enabling businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves payments closer to invisible with a proprietary platform that supports and strengthens the payments capabilities of merchants and software partners. We are a collaborative team of innovators, problem solvers, and builders, committed to the growth of our clients, partners, and team members. Through award winning software integrations, robust data, and industry vertical and commerce expertise, we deliver the ultimate frictionless commerce experiences. We are in hyper growth mode and seeking talented, innovative, and collaborative problem solvers to help us build and scale the future of payments. Grow your career with us and be on the cutting edge of the rapidly expanding FinTech payments space.

Position Summary

This role is responsible for the monitoring and investigation of credit cards, debit cards, and ACH transactions to identify fraud, credit and compliance risks associated with the payments. The Senior Risk Analyst will also be responsible for researching, resolving, and analyzing chargeback and retrieval discrepancies to recover funds for clients.

The position plays a key role in preventing losses for customers and business that may result from unauthorized payments activity, and for maintaining the integrity of business transactional operations.

ESSENTIAL FUNCTIONS:

  • Understanding of different payment types (credit card, ACH, digital wallets, wires) and their risk levels & risk exposures
  • Aggregate and analyze data from multiple systems to make critical parameter updates and business decisions.ย 
  • Investigates complex dispute claimsย 
  • Create reports, summaries, presentations, and documents to display results of account performance trends and variances with analysis for recommended adjustments to controls and analytical models.
  • Investigate data and identify fraud trends and schemes & make system recommendations
  • Communicate performance trends to management personnel as appropriate
  • Work with different teams (support, sales, product, engineering) to drive business outcomes
  • Resolve merchant & partner inquiries with timeliness & accuracy
  • Ad hoc tasks as requiredย 

Requirements

Required Skills & Experience Competency in all Microsoft Office Suite programs (Excel, Word, Outlook) Ability to think critically & solve complex problems Understanding of Know Your Customer / Know Your Business Possess the ability to be accurate with data entry Excellent verbal and written communication skills Excellent interpersonal and customer service skills High attention to detail Excellent time management skills with a proven ability to meet deadlines Ability to function well in a high-paced environment Ability to use independent judgment in resolving various issues Excited about leveraging AI to catch bad actors & improve manual tasks Education and Experience: Experience: Minimum of five (5) years of experience in merchant and/or payment experience in the financial, ISO or agent environment Merchant acquiring & payment system processing experience is required (both ACH & Credit Card).[JO4.1] Transaction monitoring experience, dispute (chargeback experience), ACH revocation experience Preferred: PayFac knowledge is strongly preferred. Experience with Fiserv systems is a plus. Physical Requirements: Working Conditions: Call Center/Office environment. Physical Activities: Occasional standing, stooping, reaching and lifting up to 25 pounds. Physical Demands: Prolonged periods of sitting at a desk, typing on a computer keyboard, and speaking on the telephone. Frequent repetitive motions.