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Model Risk Analyst Jobs in Texas (NOW HIRING)

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 ...

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 ...

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 ...

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 ...

We support our clients with a strong recruitment model and a sincere commitment to their success ... Financial/Treasury Risk Analyst Work Location : Coppell, TX Duration : 12 months Must Haves: 2-5 ...

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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 Aug 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?

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 skills and qualifications are needed to be a model risk analyst?

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 challenges might a model risk analyst 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.

Do model risk analysts make good money?

Model risk analysts typically earn competitive salaries that vary by industry, experience, and location. Entry-level positions often start around $70,000 annually, with experienced professionals earning over $120,000, especially in financial services and banking sectors. Certifications like CFA or FRM and proficiency in programming tools such as Python or SAS can enhance earning potential.

What does a model risk analyst do?

A model risk analyst evaluates and monitors the risks associated with financial and 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.
Infographic showing various Model Risk Analyst job openings in Texas as of August 2026, with employment types broken down into 69% Full Time, 6% Part Time, and 25% Contract. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $78,454 per year, or $37.7 per hour.

Senior Market Risk Analyst - Power & Gas

Gunvor

Houston, TX

Full-time

Re-posted 14 days ago


Job description

Job Title:

Senior Market Risk Analyst - Power & Gas

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Position: Senior Risk Analyst - Gas & Power

Position Purpose & Summary:

The Senior Risk Analyst - Gas & Power owns daytoday market risk monitoring for our gas and power portfolios across the Americas, providing timely analysis, and risk reporting. This is a senior individual contributor role with clear career path to a manager role as the team grows. The role partners closely with trading desks, middle office, compliance, finance, and ops to ensure disciplined risk-taking, robust controls, and actionable insights.

Main Responsibilities:

  • Market Risk Monitoring & Limits
    • Monitor intraday and endofday market exposures (VaR, P&L-attribution, Greeks where applicable) for gas and power portfolios.
    • Enforce and report against trading limits, dealer limits, VaR and stress-test thresholds; escalate breaches and remedial actions.
  • Stress Testing & Scenario Analysis
    • Design and run scenario analyses and stress tests (historical and hypothetical) to assess portfolio resilience under market shocks.
    • Provide forward-looking risk outlooks and identify concentration or liquidity risks.
    • Assess exposure to tail risks, volatility spikes, and dislocations in gas and power markets.
  • Trade Capture & Valuation Oversight
    • Review model inputs (curves, vol surfaces, hubs, heat rates) and raise model or input exceptions.
    • Maintain and enhance valuation and risk models, testing methodologies and validating assumptions against market fundamentals.
  • Reporting & Controls
    • Monitor and enforce trading mandates, VaR limits, position limits, and stress thresholds.
    • Maintain strong control frameworks, audit trails, and policy compliance in line with internal and regulatory requirements.
    • Partner with Compliance, Legal, Credit, and Finance to ensure robust governance and adherence to risk policies.
    • Implement and improve risk processes and automated controls to reduce operational risk.
  • Stakeholder Partnership & Advisory
    • Act as a trusted risk partner to traders and desk heads-provide real-time decision support, trade-level risk assessments and pretrade checks.
    • Train and mentor junior risk analysts; contribute to hiring and process scaling.

Competencies / Key Skills

  • Strong quantitative and analytical capability with market intuition for gas & power markets.
  • Understanding of extrinsic risk/options.
  • Advanced Excel, VBA and experience with risk systems (e.g., Endur, Allegro, Murex, Calypso, or proprietary systems) and BI tools (Power BI/Tableau) preferred.
  • Solid understanding of VaR, stress testing, P&L attribution, Greeks/option risk, and forward curves/shape dynamics.
  • Excellent stakeholder management and communication skills-able to translate analysis into clear recommendations.
  • High attention to detail, process orientation, and appreciation for controls and auditability.
  • Ability to work under pressure, prioritize multiple requests, and provide timely outputs for trading hours.

Education

  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related quantitative field. Advanced degree (MS/MA) or professional risk certification (FRM, PRM) is a plus.

Experience

  • 5-8+ years' experience in market risk, commodity risk, or trading support in gas/power or broader commodities markets.
  • Direct experience with physical and financial gas/power products, time spreads, fixed-price contracts, storage, and LNG preferred.
  • Proven track record producing risk reporting, P&L attribution and supporting front-office decision making.

Technical Skills

  • Proficient in Excel (advanced modelling), SQL or Python for data pulls/analysis.
  • Familiarity with trading/risk platforms (Endur/Allegro, ETRM systems) and market data feeds.
  • Experience with Workday or HR systems not required but helpful for internal coordination.

If you think the open position you see is right for you, we encourage you to apply!


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