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Model Risk Analyst Jobs in Utah (NOW HIRING)

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

Conduct risk analysis and modeling to inform corporate business planning and management decision making. Contribute to the development, implementation, and/or maintenance of appropriate reporting for ...

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making.Contribute to the development, implementation, and/or maintenance of appropriate reporting for ...

Jobless

Sr Catastrophe Risk Analyst

Draper, UT · On-site

$150 - $200/hr

Modeling and analytics are not a support function--they are core strategic capability dictates how we grow, price risk, optimize our portfolio, and maintain a sustainable competitive advantage. The ...

Nelnet

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

Perform swap-set analysis and champion/challenger testing behind every credit expansion and model change • Risk Analysis: Apply classification and regression trees and tree-ensemble methods (CART ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$200 - $250/hr

Predictive Analytics & Modeling: Own end-to-end risk analysis and development of consumer credit models like application and custom scorecards, behavioral and account management models, PD/LGD, loss ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

Perform swap-set analysis and champion/challenger testing behind every credit expansion and model change • Risk Analysis: Apply classification and regression trees and tree-ensemble methods (CART ...

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Model Risk Analyst information

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How much do model risk analyst jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for model risk analyst in Utah is $36.86, according to ZipRecruiter salary data. Most workers in this role earn between $27.12 and $44.86 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.

What are popular job titles related to Model Risk Analyst jobs in Utah?

For Model Risk Analyst jobs in Utah, the most frequently searched job titles are:

What job categories do people searching Model Risk Analyst jobs in Utah look for?

The top searched job categories for Model Risk Analyst jobs in Utah are:

Model Risk Analyst jobs near you
Infographic showing various Model Risk Analyst job openings in Utah as of September 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 2% Contract, and 1% Nights. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $76,662 per year, or $36.9 per hour.

Risk Analyst

South Jordan, UT • On-site

Western AgCredit
Finance and Insurance • 51 - 200 employees
Learn more about Western AgCreditexternal

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 5 days ago

Job description

POSITION: Risk Analyst
LOCATION: South Jordan or Spanish Fork, Utah
GRADE: 11 (salary range 57,283-85,681) depending on education and experience.

RESPONSIBILITY:
Comprehensive benefits package provided (including medical, dental, vision, life insurance, defined contribution
retirement program, and potential for incentive compensation). The Risk Analyst reports to the VP-Risk Manager and is primarily
responsible for supporting risk-related functions within the Association, including but not limited to the following:


  • Assist with developing appropriate risk management policies, plans, and procedures to achieve Association risk management
    objectives.
  • Conduct risk analysis and modeling to inform corporate business planning and management decision making.
    Contribute to the development, implementation, and/or maintenance of appropriate reporting for the risk management
    function.
  • Assist in developing and maintaining a strong internal control environment to protect corporate assets.
    Assist with insurance, purchasing, and investment activities related to Association-owned assets.
  • Aid in formulating risk appetite statements and recommend policy to support such.
  • Assist with formulating policies and procedures to determine hold limits for various segments of the loan portfolio, IRR
    requirements for capital markets and/or participation purchases, and pricing guidelines for various lending programs.
  • Assist with administering and maintaining a robust Enterprise Risk Management (ERM) program.
  • Review compliance with Association Policies and FCA Regulations within areas of responsibility.
  • Assist with administering and maintaining a robust stress testing program on various business segments and the entirety of
    the loan portfolio.
  • Assist in developing, maintaining, and executing (when required) the Association Incident Response Plan.
  • Assist with implementing, administering, and maintaining a robust Vendor Risk Management program, including vendor due
    diligence, risk assessments, ongoing monitoring, documentation, and reporting.
  • Assist with implementing, administering, and maintaining Model Risk Management program responsibilities, including model
    inventory maintenance, risk assessments, validation coordination, documentation, monitoring, and reporting.
  • Other responsibilities as assigned by supervisor.

EDUCATION AND EXPERIENCE:

Bachelor's degree in finance/accounting or business-related field.
Equivalent experience required for bachelor's degree in another field of study.
Knowledge and experience in the areas of Enterprise Risk Management and/or Stress Testing and/or Vendor Risk Management and/or Model
Risk Management preferred.
Knowledge and experience in all aspects of the audit function and planning preferred.
Knowledge and understanding of Farm Credit regulations and production agriculture preferred.
Strong computer skills required, with knowledge and experience with risk management software and/or platforms preferred.
Strong communication and collaboration skills required. Must be able to work cooperatively with individuals across all functional
areas of the business.
Sound understanding of organizing, planning, critical thinking, analysis, presentation, documentation, and decision making.
Some understanding of accounting practices, financial reporting, fiscal management, and internal controls strongly preferred.
Working knowledge of the sound extension of credit and credit administration preferred.
Strong skills in verbal and written communication, and use of Microsoft Office suite of software products (including Word, Excel,
PowerPoint, and Outlook) required. Perform daily responsibilities with accuracy, professionalism, and attention to detail.

GENERAL DATA: FINAL FILING DATE:
For over 100 years, the Association has been providing agricultural lending services to commercial and mortgage borrowers in Utah and
portions of Wyoming, Nevada, and Arizona.
Applications will be accepted until the position is filled

Apply