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Model Risk Management Jobs in Salt Lake City, UT

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

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 AgCredit

Risk Analyst

South Jordan, UT · On-site

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 ...

Western AgCredit

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 ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

... Management: Own credit policy and underwriting strategy by defining the credit box, debt-to-income ... Integrate these models downstream in credit decisions. • Risk Monitoring: Own portfolio ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$170 - $230/hr

Predictive Analytics & Modeling: Own end-to-end risk analysis and development of consumer credit models like application and custom scorecards, behavioral and account management models, PD/LGD, loss ...

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All JobsModel Risk Management JobsModel Risk Management Jobs in Salt Lake City, UT

Model Risk Management information

See Salt Lake City, UT salary details

$35.3K

$79.7K

$133.5K

How much do model risk management jobs pay per year?

As of Sep 5, 2026, the average yearly pay for model risk management in Salt Lake City, UT is $79,671.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,500.00 and $87,600.00 per year, depending on experience, location, and employer.

What is a model risk management?

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 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 are the key skills and qualifications needed to thrive in model risk management, 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 does a model risk management do?

A model risk management professional oversees the identification, assessment, and mitigation of risks associated with financial and operational models. They ensure models are accurate, reliable, and compliant with regulations, often using validation tools and statistical analysis. This role helps prevent financial loss and supports decision-making processes within organizations.

What are popular job titles related to Model Risk Management jobs in Salt Lake City, UT?

For Model Risk Management jobs in Salt Lake City, UT, the most frequently searched job titles are:

What job categories do people searching Model Risk Management jobs in Salt Lake City, UT look for?

The top searched job categories for Model Risk Management jobs in Salt Lake City, UT are:

Model Risk Management jobs near you
Infographic showing various Model Risk Management job openings in Salt Lake City, UT as of August 2026, with employment types broken down into 100% Full Time. Highlights an 72% In-person, 20% Hybrid, and 8% Remote job distribution, with an average salary of $79,671 per year, or $38.3 per hour.

Risk Analyst

Western AgCredit

South Jordan, UT • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 2 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.

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


Applications will be accepted until the position is filled

If you have any questions or need additional information, please call (801) 571-9200.
EEO/AA Employer M/F

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