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Model Risk Analyst Jobs in Utah (NOW HIRING)

Western Ag Credit

Risk Analyst

Spanish Fork, 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 Ag Credit

Risk Analyst

Spanish Fork, UT

$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 Ag Credit

Risk Analyst

South Jordan, UT

$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 Ag Credit

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 ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT

We are looking for a Fraud Model Analyst to join our Fraud Model Development team, with a focus on ... This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT · On-site

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud ... Analyzing model performance metrics (e.g., fraud capture, false positive rates, drift) and ...

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How much do model risk analyst jobs pay per hour?

As of Jun 18, 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 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 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 June 2026, with employment types broken down into 7% Internship, 73% Full Time, 7% Part Time, and 13% Contract. Highlights an 86% In-person, 7% Hybrid, and 7% Remote job distribution, with an average salary of $76,662 per year, or $36.9 per hour.
Risk Analyst

Risk Analyst

Western Ag Credit

Spanish Fork, UT • On-site

$57K - $85K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 12 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. Comprehensive benefits package provided (including medical, dental, vision, life insurance, defined contribution retirement program, and potential for incentive compensation).

RESPONSIBILITY: 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: 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.

FINAL FILING DATE: Applications will be accepted until the position is filled.

If you have any questions or need additional information, please call (801) 571-9200.

Date: May 21, 2026

EEO/AA Employer M/F