Model Risk Manager Jobs in Colorado (NOW HIRING)

Why Work for Frontier Airlines?

At Frontier, we believe the skies should be for everyone. We deliver on this promise through our commitment to Low Fares Done Right. This is more than our tagline - it’s our driving philosophy. Every member of Team Frontier has an important role to play in bringing this vision to life.  Our successful business model allows travelers to take advantage of our fast-growing route network while our bundled and unbundled pricing options allow our customers to personalize their travel experience and only pay for the services they need – saving them money along the way.   

What We Stand For    

Low Fares Done Right is our mission and we strive to bring it to life every day.  Our ‘Done Right’ promise means delivering not only affordable prices, but making travel friendly and easy for our customers.  To do this, we put a great deal of care into every decision and action we take. We must be efficient with the use of our resources and make smart decisions about how we run our business. We must also innovate and be pioneers - we’re not afraid to try new things.  While our business requires us to fly high in the air, we also consider ourselves down-to-earth in our approach, creating a warm and friendly experience that truly demonstrates Rocky Mountain Hospitality.  

Work Perks  

At Frontier, we like to think we’re creating something very special for our team members.  Work is why we’re here, but the perks are nice too:  

• Flight benefits for you and your family to fly on Frontier Airlines.
• Buddy passes for your friends so they can experience what makes us so great.
• Discounts throughout the travel industry on hotels, car rentals, cruises and vacation packages.
• Discounts on cell phone plans, movie tickets, restaurants, luggage and over 2,000 other vendors.
• Enjoy a ‘Dress for your Day’ business casual environment.
• Flexible work schedules that support work/life balance.
• Total Rewards program including a competitive base salary, short term incentives, long-term incentives, paid holidays, 401(k) plan, vacation/sick time and medical/dental/vision insurance that begins the 1st of the month following your hire date.
• We play our part to make a difference. The HOPE League, Frontier Airlines’ non-profit organization, is dedicated to providing employees financial assistance during catastrophic hardship. 

Who We Are 

Frontier Airlines is a leading ultra-low cost carrier headquartered in Denver, Colorado. With a mission to deliver Low Fares Done Right, the company provides affordable, convenient and accessible air travel throughout the U.S., Caribbean, Mexico and Latin America. Frontier’s highly fuel-efficient, all-Airbus fleet is among the youngest and most modern of any carrier within the U.S. That, combined with the airline’s many weight-saving initiatives and focus on operational efficiencies, makes Frontier America’s Greenest Airline.* Each Frontier Airlines plane tail features a special animal with a unique name and backstory. Many of the featured species are endangered or threatened, part of the airline’s commitment to underscore and raise awareness for their plight. Frontier serves approximately 100 destinations throughout North America and operates 500-plus daily flights, on average. The airline employs more than 7,000 team members and has crew bases in more than a dozen U.S. cities. Frontier Airlines., Inc., is a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC).   

* Frontier is the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed.

What Will You Be Doing?

The Risk Manager is a key member of Frontier’s Treasury organization, overseeing the company’s insurance program strategy, annual renewals, damage and liability claims, insurance coverage analysis, and management of all risk related financial instruments including letters of credit, surety bonds, and guarantees.

This is a role best suited for an experienced insurance or risk professional from an insurance broker, carrier, or corporate risk team. The Risk Manager partners with senior leaders across Operations, Finance, and Legal to safeguard Frontier’s assets, improve financial resilience, and ensure the airline maintains a best in class risk posture.

Essential Functions

Risk Management

• Lead the annual renewal of all insurance programs, partnering with brokers when appropriate (aviation hull & liability, property, cyber, D&O/, workers’ compensation, auto, etc.), including underwriting submissions, pricing negotiations, and program structure optimization.
• Serve as the primary relationship manager for brokers, underwriters, and claims adjusters; drive accountability for service, responsiveness, and technical support.
• Conduct indepth insurance coverage reviews to ensure alignment with Frontier’s risk tolerance, industry standards, and regulatory requirements.
• Oversee the complete damage and liability claims lifecycle, including intake, investigation coordination, documentation, carrier engagement, and recovery of claim proceeds.
• Partner with Operations, HR, Safety, and Legal to strengthen incident reporting quality, improve loss control practices, and reduce claim severity and frequency.
• Monitor insurance market conditions, rate trends, litigation developments, and emerging risks impacting Frontier’s cost structure or exposures.

Financial Instruments & Guarantees

• Manage all letters of credit, surety bonds, and other financial assurance instruments required by airport authorities, regulators, vendors, and contractual partners.
• Lead all related renewals, amendments, collateral reviews, and reductions, working closely with banking partners and internal teams.
• Maintain annual forecasts and reporting on LOC/bond utilization, recommending strategies to optimize liquidity and minimize cost.

General Team Management

• Provide subjectmatter expertise on insurance, risk transfer, claims, indemnification, and contract language to internal stakeholders.
• Review vendor contracts to ensure insurance requirements and liability provisions appropriately protect Frontier.
• Support crisis response and incident escalation for major operational events requiring rapid claims or insurance involvement.
• Prepare materials for senior leadership, Board presentations, audits, and regulatory requests related to risk and insurance.
• Lead continuous improvement initiatives to enhance data quality, reporting accuracy, process efficiency, and risk transparency.Lead the evolution of internal reporting tools to improve financial transparency, insight delivery, and data accessibility.
• Partner with Business Intelligence and Data Engineering teams to enhance data infrastructure, source quality, and analytical capabilities.

Other Functions

General Team Management

• Attend various industry related conferences.
• Support cross departmental business intelligence initiatives/ task forces as a representative
• Align team goals with broader organizational goals of Low Fares Done Right and the Ultra Low Cost Carrier Model

Qualifications

• Bachelor’s degree or advanced degree in finance or business
• 3-5 plus years of experience in insurance or risk management related role
• Prior supervisory experience preferred
• Previous airline experience preferred

Knowledge, Skills and Abilities

• Advanced proficiency in Microsoft Word, PowerPoint and Excel
• Excellent verbal written and analytical skills
• Ability to work independently and meet deadlines
• Ability to communicate in a positive and effective manner with subordinates, peers and all levels of management
• Ability to work with confidential material
• Experience with and understanding of advanced analytical techniques specifically utilizing scientific computation software such as python (data science) and reporting tools such as PowerBI
• Knowledge of assessing and recommending creative and time-sensitive solutions
• Strong influence and negotiating skills
• Knowledge and experience with SOX controls and processes

Equipment Operated

Standard office equipment, including PC, copier, fax machine, printer

Work Environment

Typical office environment (4 days in office/week), adequately heated and cooled.

Physical Effort

Generally, not required.

Supervision Received

General Direction:  The incumbent normally receives little instruction on day-to-day work and receives general instructions on new assignments.

Positions Supervised

Treasury Analyst, I, II, Senior

Salary Range - $100,104 - $132,870

Please note: This posting has a closing date of 9/30/2026 midnight MT.

Workplace Policies 

Disclaimer: The above statements are intended only to describe the general nature and level of work required of the referenced position; they are not intended to be an exhaustive list of all responsibilities, duties, and skills required of individuals in this position.  Please be advised that duties and expectations of this position may be subject to change.

Frontier Airlines, Inc. is an equal opportunity employer and, as such, is committed to providing equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, national origin, age, marital status, veteran status, sexual orientation, gender identity or expression, disability status, pregnancy, genetic information, citizenship status or any other basis protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Frontier Airlines is a Zero Tolerance Drug-Free Workplace.  All prospective employees are subject to pre-employment testing for the following drugs and their metabolites: Marijuana, Cocaine, Amphetamines, Opioids and Phencyclidine (PCP).  Further, any applicant who is found to have tested positive on any required drug or alcohol test at a former employer will be considered ineligible for employment with Frontier.

Colorado Residents: In any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information.