ZipRecruiter

Log In

1

Model Risk Management Jobs in Utah (NOW HIRING)

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

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

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 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 ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT · On-site

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

next page

Showing results 1-20

All JobsModel Risk Management JobsModel Risk Management Jobs in Utah

Model Risk Management information

See Utah salary details

$33.2K

$75K

$125.6K

How much do model risk management jobs pay per year?

As of Jun 18, 2026, the average yearly pay for model risk management in Utah is $74,951.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,900.00 and $82,400.00 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 is the salary of model risk validation?

Model risk validation professionals typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. Senior roles or those with specialized skills in statistical modeling and regulatory knowledge can earn higher salaries, often exceeding $180,000. Certifications such as FRM or CFA can also influence compensation in this field.

Is model risk management a good career?

Model risk management is a specialized field focused on identifying and mitigating risks associated with financial and statistical models. It offers opportunities for growth, requires strong analytical skills, and often involves certifications like FRM or CFA. The role is in demand within financial institutions, regulatory agencies, and consulting firms, making it a stable career choice for those interested in risk analysis and quantitative methods.

What do model risk managers do?

Model risk managers are responsible for identifying, assessing, and mitigating risks associated with financial and operational models used within an organization. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using specialized tools and techniques. Their work helps prevent model errors from leading to financial loss or regulatory issues.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills, especially in financial institutions or large corporations.
What are the most commonly searched types of Model Risk Management jobs in Utah? The most popular types of Model Risk Management jobs in Utah are:
What are popular job titles related to Model Risk Management jobs in Utah? For Model Risk Management jobs in Utah, the most frequently searched job titles are:
What job categories do people searching Model Risk Management jobs in Utah look for? The top searched job categories for Model Risk Management jobs in Utah are:
What cities in Utah are hiring for Model Risk Management jobs? Cities in Utah with the most Model Risk Management job openings:
Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Utah as of June 2026, with employment types broken down into 82% Full Time, 16% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $74,951 per year, or $36 per hour.
Model Validation Analyst

Model Validation Analyst

First Electronic Bank

Salt Lake City, UT

Other

Posted 26 days ago

Job description

Description

At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB's engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.      

The Model Validation Analyst plays a critical role in ensuring model integrity, regulatory compliance, and sound risk management practices. This role reports to the Head of Credit Risk and Portfolio Analytics Credit and supports the Bank's strategic partner program by reviewing statistical models used in underwriting and assessing overall model risk across partnerships.


What You'll Do:

  • Review third-party model validation documentation for conceptual soundness and alignment with applicable regulatory guidance.
  • Assess and challenge credit models and underwriting strategies used in loan origination.
  • Maintain a comprehensive inventory of all models used by the Bank, including underwriting, fraud, and marketing models.
  • Evaluate model performance monitoring practices and ensure appropriate tracking of key risk indicators.
  • Partner with Compliance, Legal, and Strategic Partner Management teams to ensure models meet applicable regulatory and internal policy requirements.
  • Prepare reports and present model risk metrics to the Bank's Credit Committee.
  • Monitor and test credit origination strategies to validate accuracy and consistency of credit decisions.
  • Conduct model and credit risk due diligence for prospective fintech partners.
  • Participate in or lead initiatives to enhance model risk management processes and improve overall risk oversight.

Requirements

What We're Looking For:


Education & Experience

  • Master's degree in Statistics, Data Science, Computer Science, Economics, Mathematics, or a related quantitative field;
  • OR Bachelor's degree with 3+ years of relevant experience in model development or validation.
  • Prior experience developing and/or validating credit risk models is required.
  • 3+ years of experience in banking, financial services, or a related industry is preferred.

Technical Skills

  • Strong understanding of statistical modeling techniques, including regression and classification models.
  • Ability to evaluate model structure, assumptions, and validation methodologies.
  • Familiarity with machine learning models and their application in credit decisioning.
  • Proficiency in one or more programming languages/tools, such as SQL, Python, R, or SAS.
  • Working knowledge of credit policies and underwriting frameworks.
  • Familiarity with CECL models is a strong plus.

Professional Skills

  • Ability to work effectively across cross-functional teams, including Compliance, Audit, and Model Risk Management.
  • Strong analytical and critical thinking skills with attention to detail.
  • Effective written and verbal communication skills, including the ability to present technical concepts to non-technical audiences.
  • Strong organizational and prioritization skills in a fast-paced environment.

Additional Information

  • Experience working with regulatory, audit, or model risk management frameworks is a plus.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook) required.

Apply