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Model Risk Management Jobs in Arizona (NOW HIRING)

USAA

Data Scientist Lead

Phoenix, AZ · On-site

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

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Model Risk Management information

See Arizona salary details

$34K

$76.7K

$128.6K

How much do model risk management jobs pay per year?

As of Jul 13, 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 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.

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 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
Operational Risk Manager - Enterprise Functions & Technology

Operational Risk Manager - Enterprise Functions & Technology

Early Warning Services, LLC

Scottsdale, AZ • On-site

$104K - $130K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 23 days ago

Job description

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle®, Paze℠, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.
Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.
Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.
Overall Purpose
The Operational Risk Manager - Enterprise Functions & Technology is responsible for providing risk management and technical expertise in assessing the overall effectiveness of the company's risk and control environment and ensuring and ensuring adherence to Operational Risk Management (ORM) Program requirements. ORM provides independent oversight of operational risks in support of our vision of a strong risk management culture and that we are proactively identifying and managing risks that may impact our ability to achieve our strategic objectives as a company. We are part of the company's second line of defense, and work with our business partners to develop sound risk management programs and processes that are integrated into our business model and that enable business success.
Essential Functions
  • Support operational risk oversight for the specific business unit assigned, including any risk themes relevant to the product assigned.
  • Conduct second-line management activities, including:
    • Risk and control assessments (RCSAs) reviews
    • Product and use case risk reviews
    • Issue management and validation
  • Partner with business stakeholders to support effective risk management practices while maintaining independence in oversight activities.
  • Provide guidance to business partners on operational risk frameworks, policies, and expectations.
  • Monitor risks, controls, and issues across aligned business units to identify trends and emerging risks.
  • Leverage data and reporting to support risk analysis, identify control gaps, and inform decision-making.
  • Assist in developing clear and concise communications (written and presented) to summarize risk insights and findings.

Minimum Qualifications
  • Education and/or experience typically obtained through completion of a bachelor's degree in risk management, Computer Science, Information Systems, Business Administration, Finance, Accounting or related field
  • Typically a minimum of 8+ years of progressive operational risk management experience, preferably in financial services or other highly regulated industries
  • Working knowledge of operational risk programs (e.g., RCSA, Risk Events, Issue Management, Key Risk Indicators) and risk domains (e.g., product/service delivery, process management, business disruption, third-party, fraud, and data)
  • Demonstrates sound judgment, intellectual curiosity, and attention to detail
  • Organized with solid analytical and problem-solving capabilities
  • Strong collaboration and interpersonal skills
  • Effective verbal and written communication skills
  • Background and drug screen

Preferred Qualifications
  • Prior financial institution experience
  • Exposure to independent risk management or second-line oversight functions
  • Risk management, internal control, or internal audit certification(s)
  • Familiarity with data-driven products, fraud risk, or identity/payment risk solutions preferred

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.
Physical Requirements
Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers. Requires the ability to communicate with internal and/or external customers.
Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.
The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $104,000 - $130,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.
This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.
Some of the Ways We Prioritize Your Health and Happiness
  • Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
  • 401(k) Retirement Plan - Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
  • Paid Time Off - Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
  • 12 weeks of Paid Parental Leave
  • Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

And SO much more! We continue to enhance our program, so be sure to check our Benefits page here for the latest. Our team can share more during the interview process!
Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.
Early Warning Services LLC is a proud participant in E-Verify, a federal program to help ensure a legal and authorized workforce. As part of our hiring process, we electronically verify the employment eligibility of all new hires through E-Verify. For more information on your rights and responsibilities under E-Verify please visit Home | E-Verify.

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