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Model Risk Analyst Jobs in Utah (NOW HIRING)

Lendingclub Corporation

Sr Compliance Data Analyst

Lehi, UT · Hybrid

  • Medical

  • Dental

  • Vision

  • Retirement

... analytics professional to join the team. In this role, you will be responsible for developing ... Collaborate with partners across Compliance, Technology, Model Risk Management, and Data ...

Tecolote Research

Journeyman Cost Analyst

UT · On-site

Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project ...

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Model Risk Analyst information

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$14

$36

$59

How much do model risk analyst jobs pay per hour?

As of Aug 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?

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 August 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, Credit Risk, Credit Risk (Global Markets), Associate, Salt Lake City

Goldman Sachs, Inc.

Salt Lake City, UT • On-site

Full-time

Posted 28 days ago

Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

47th of 171 rated banks

Job description

Divisional Overview:

The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and insurance risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Department Overview:

Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm's risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

Responsibilities:

  • Assess the financial strength of hedge funds by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from fund's risk reports, portfolio analysis, and client calls
  • Evaluate derivatives and financing transactions across Global Banking & Markets clients. Review and approve risk in a fast-paced environment while ensuring appropriate mitigants in place to minimize losses in event of counterparty default. Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
  • Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits
  • Review and negotiate various trading documents across business lines (Prime Brokerage, Futures, ISDA, MRA, etc) 

Basic Qualifications:

  • Excellent academic record
  • 2-5 years of experience in a finance, markets, or risk role
  • Significant knowledge of capital markets, including derivatives and/or repo
  • Demonstrable track record of achievement and independent decision making
  • Excellent attention to detail. Strong analytical and communication skills

Competencies:

  • Functional Expertise and Technical Skills - Knowledge of financial markets and portfolio risk management. Appropriate financial/analytical skills
  • Client and Business Focus - Builds trusting, long-term relationships with clients, helps the client to identify/define needs, and manages client/business expectations
  • Teamwork - Strong team player, works well under pressure, and collaborates with others across teams and business units
  • Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, and escalates as appropriate
  • Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
  • Creativity and Influence - Looks for new ways to improve current processes and develop creative solutions with practical value
  • Continuous Development - Values constant self-improvement and learning

What Goldman Sachs employees say

Pay

Benefits

Hours and flexibility

Workplace

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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