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Model Risk Management Jobs in Arizona (NOW HIRING)

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ · On-site

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

MUFG

Information Risk Management, Vice President

Tempe, AZ · Hybrid

$125K - $164K/yr

Knowledge of risk and control frameworks and governance models for Technology * Previous experience ... Familiarity with operational risk management and Bank regulators and requirements. * Strong ...

American Express

Senior Manager - Risk Management

Phoenix, AZ · On-site

$103.75K - $174.75K/yr

... management, Servicing, Risk Strategy, Digital Banking, technology, vendors, operations to ideate ... Flexible working model with hybrid, onsite or virtual arrangements depending on role and business ...

USAA

Data Scientist I

Phoenix, AZ · On-site +1

Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes technical documents for knowledge persistence, risk management, and ...

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$34K

$76.7K

$128.6K

How much do model risk management jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk management in Arizona is $76,722.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,200.00 and $84,300.00 per year, depending on experience, location, and employer.

What is a Model Risk Management job?

A Model Risk Management (MRM) job involves identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. Professionals in this role ensure models are accurate, reliable, and comply with regulatory requirements by conducting validation, testing, and performance monitoring. They work closely with model developers, risk teams, and auditors to manage model lifecycle processes. Strong quantitative, analytical, and regulatory knowledge are key skills for success in this field.

What are the key skills and qualifications needed to thrive in the Model Risk Management position, and why are they important?

To excel in Model Risk Management, a professional needs a strong grounding in quantitative finance, statistics, and risk assessment, often backed by advanced degrees in relevant fields. Familiarity with technical tools such as Python, R, SAS, and model validation platforms, along with relevant certifications like FRM or CFA, is highly beneficial. Exceptional communication skills, attention to detail, and critical thinking help individuals stand out when interacting with model developers and risk committees. Mastery of these abilities ensures thorough risk analysis, regulatory compliance, and effective mitigation of financial model risks within the organization.

What are some common challenges faced by professionals in Model Risk Management roles?

Professionals in Model Risk Management commonly encounter challenges such as evolving regulatory requirements, the complexity of advanced financial models, and ensuring effective communication between technical and non-technical stakeholders. Staying current with industry best practices while rigorously validating and documenting models can be demanding but is critical for reducing financial and operational risks. Team members often work cross-functionally, collaborating closely with quants, risk managers, and IT teams to evaluate model performance and implement improvements. Adapting to new analytical tools and maintaining a proactive approach to emerging risks will help you succeed and grow in this dynamic field.
More about Model Risk Management jobs
What are the most commonly searched types of Model Risk Management jobs in Arizona? The most popular types of Model Risk Management jobs in Arizona are:
What are popular job titles related to Model Risk Management jobs in Arizona? For Model Risk Management jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Arizona look for? The top searched job categories for Model Risk Management jobs in Arizona are:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Arizona as of May 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 88% In-person, 8% Hybrid, and 4% Remote job distribution, with an average salary of $76,722 per year, or $36.9 per hour.

Manager, Model Risk Management

Global Credit Union

Glendale, AZ • On-site

$100.33K - $172.57K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 27 days ago

Global Credit Union rating

8.8

Company rating: 8.8 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

Job description

Overview
Reports to: Senior Manager, Enterprise Risk
Functions Supervised: Model Risk Management
Primary Functions: Responsible for the development and implementation of model risk policies, procedures, and processes in line with industry standards and regulatory best practices.
Duties and Responsibilities:
  1. Coordinate with First Line risk and compliance teams to facilitate model risk management practices and execution of the credit union's Model Risk Management program. Identify and maintain model inventories, conduct risk assessments, and develop model risk metrics. Monitor, report and communicate model risk findings.
  2. Provide independent second-line assessment and effective challenge in the credit union's capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit, based on the credit union's risk profile. Coordinate with third parties on their model validation.
  3. Independently conduct hands-on validation and testing throughout the model development process
  4. Partner with subject matter experts and leaders to ensure execution of requisite control activities.
  5. Keep track of the remediation progress and final validation before closure in the credit union's GRC platform, LogicManager.
  6. Enhance policies and procedures, assist with model governance activities.
  7. Produce model risk reports for applicable committees and senior/executive management.
  8. Research, develop, and maintain knowledge and skills through completion of continuing education and training pertinent to the position.
  9. Participate as needed on special projects and other duties as assigned.

Qualifications
Education: Bachelor's degree in mathematics, statistics, information technology, business, economics, finance, or related fields.
Creditable Experience in Lieu of Education: Not Applicable
Experience/Skills: 5+ years' experience in risk management processes, model development / validation, consulting, banking or other financial services industries.
Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Ability to communicate/influence complex issues. Flexible approach to new projects, requirements, and workplace
demands. Familiar with modelling tools and methodologies used in the industry. Ability to think outside the box, and design scalable, efficient solutions.
Tenure: Not Applicable
Compensation
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.
Salary Pay Range: 06
$100,331 - $172,572 annually
Benefits
  • Short-term and long-term incentives
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Employee Assistance Program (EAP)
  • Life and disability coverage
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Tuition Reimbursement
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Click here to view Global's comprehensive Benefits Programs

Equal Opportunity Employer

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