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Model Risk Manager Jobs in Colorado (NOW HIRING)

Enterprise Risk Analyst II

Denver, CO · On-site

$63.50K - $95.50K/yr

... models. * Experience performing risk assessments and evaluating control effectiveness. * Familiarity with third-party risk and issue management processes. * Strong analytical, problem-solving, and ...

New

... models. * Experience performing risk assessments and evaluating control effectiveness. * Familiarity with third-party risk and issue management processes. * Strong analytical, problem-solving, and ...

New

Actuary - Auto and Property Modeling

Colorado Springs, CO · On-site +1

$112.90K - $132.70K/yr

Knowledge of Model Risk Management, Model Governance, and Regulatory requirements. * US military experience through military service or a military spouse/domestic partner. Compensation range: The ...

Actuary - Auto and Property Modeling

Colorado Springs, CO · On-site +1

$114.80K - $135K/yr

Knowledge of Model Risk Management, Model Governance, and Regulatory requirements. * US military experience through military service or a military spouse/domestic partner. Compensation range: The ...

Actuary - Auto and Property Modeling

Colorado Springs, CO · On-site +1

$114.80K - $135K/yr

Knowledge of Model Risk Management, Model Governance, and Regulatory requirements. * US military experience through military service or a military spouse/domestic partner. Compensation range: The ...

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Showing results 1-20

Model Risk Manager information

See Colorado salary details

$54.2K

$117.3K

$178.8K

How much do model risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for model risk manager in Colorado is $117,303.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,600.00 and $135,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Model Risk Manager, and why are they important?

To thrive as a Model Risk Manager, you need a solid background in quantitative finance, statistics, or mathematics, often supported by an advanced degree and experience in model development or validation. Familiarity with programming languages such as Python or R, risk management frameworks, and regulatory requirements like SR 11-7 or ECB guidelines is typically expected. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for articulating complex model risks to stakeholders. These competencies are vital for ensuring the accuracy, compliance, and reliability of financial models within an organization.

What are some common challenges a Model Risk Manager faces when validating complex financial models?

Model Risk Managers often encounter challenges such as limited or incomplete data, evolving regulatory requirements, and the need to validate highly complex or proprietary models. They must work closely with model developers, quantitative analysts, and compliance teams to ensure all assumptions and methodologies are sound. Staying up to date with industry best practices and maintaining clear documentation are also crucial, as is effectively communicating findings to both technical and non-technical stakeholders.

What does a Model Risk Manager do?

A Model Risk Manager is responsible for identifying, assessing, and mitigating risks associated with financial and analytical models used by an organization. They ensure that models are accurate, reliable, and compliant with regulatory standards by overseeing validation processes and monitoring model performance. Their role often includes collaborating with model developers, conducting independent reviews, and implementing model governance frameworks to minimize potential losses or errors stemming from model misuse or inaccuracies.

What is the difference between Model Risk Manager vs Quantitative Analyst?

AspectModel Risk ManagerQuantitative Analyst
Required CredentialsAdvanced degrees in finance, statistics, or mathematics; certifications like FRM or CFADegree in finance, economics, mathematics, or related fields; often CFA or CQF
Work EnvironmentFocus on risk management teams within financial institutions; regulatory complianceAnalytical roles within trading, investment, or banking divisions; model development
Employer & Industry UsageFinancial institutions, banks, asset managersInvestment firms, hedge funds, banks, financial services

The Model Risk Manager primarily oversees and mitigates risks associated with financial models, ensuring compliance and accuracy. In contrast, Quantitative Analysts develop and implement models to support trading, investment, or risk strategies. While both roles require strong quantitative skills and similar credentials, their focus areas differ—risk management versus model development and analysis.

What are popular job titles related to Model Risk Manager jobs in Colorado? For Model Risk Manager jobs in Colorado, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Colorado look for? The top searched job categories for Model Risk Manager jobs in Colorado are:
What cities in Colorado are hiring for Model Risk Manager jobs? Cities in Colorado with the most Model Risk Manager job openings:
Infographic showing various Model Risk Manager job openings in Colorado as of May 2026, with employment types broken down into 50% Full Time, and 50% Part Time. Highlights an 100% In-person job distribution, with an average salary of $117,303 per year, or $56.4 per hour.
Enterprise Risk Analyst II

Enterprise Risk Analyst II

First Western

Denver, CO • On-site

$63.50K - $95.50K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted yesterday


Job description

Enterprise Risk Analyst II

Location: Denver, CO (In-Office) 

Job Type: Full-Time Exempt

Salary: $63,500 - $95,500/YR    Actual offer will be based on experience, location, education, and/or skills

Applications should be submitted for consideration no later than 06/30/2026.

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Who We're Looking For

You're a detail-oriented risk professional who enjoys analyzing processes, identifying risks, and strengthening controls. You bring strong analytical thinking, sound judgment, and a collaborative mindset. You are comfortable working across teams to promote consistent risk practices and clear ownership. If you thrive in a structured, regulated environment and want to contribute to enterprise risk management, this role is for you.

 

About the Role

The Enterprise Risk Analyst II supports the execution of First Western's enterprise risk management program by identifying, assessing, and monitoring risks across the organization. The role evaluates processes and controls, documents risk issues, and tracks remediation activities in alignment with the bank's risk framework and regulatory expectations. The role contributes to risk reporting and governance by preparing accurate, timely inputs for management, committee, and regulatory stakeholders. Through effective collaboration with business and control functions, the role promotes consistent risk management practices and clear risk ownership across the enterprise.

 

What You'll Do

  • Perform risk management activities across key enterprise risk domains (e.g.,) third-party risk management) by conducting risk assessments, due diligence reviews, identification of control gaps, and ongoing risk monitoring.
  • Execute enterprise and operational risk assessments by identifying risks, evaluating control effectiveness, and determining inherent and residual risk in alignment with the bank's risk framework.
  • Perform specialized risk assessment activities, including those related to models or other higher-risk processes, by maintaining inventories, assessing risk and control adequacy, supporting independent review efforts, and tracking findings through remediation.
  • Assess emerging and evolving risk exposures by analyzing changes in business activities, technology, vendors, and the external environment and recommending updates to risk assessments.
  • Manage risk issues and remediation efforts by drafting issue statements, performing root cause analysis, developing action plans, and validating closure evidence.
  • Prepare risk reporting and governance materials, including dashboards and reporting for management and committees, and support regulatory and audit information requests related to enterprise risk activities.
  • Collaborate with business and control functions to understand processes and controls, apply consistent risk management practices, and reinforce clear risk ownership.

What You Bring

  • Bachelor's degree in Business, Finance, Risk, or related field (required).
  • 3-5 years of experience in risk, compliance, audit, or operations within financial services (required).
  • Working knowledge of enterprise risk frameworks and governance models.
  • Experience performing risk assessments and evaluating control effectiveness.
  • Familiarity with third-party risk and issue management processes.
  • Strong analytical, problem-solving, and organizational skills.
  • Advanced Microsoft Office suite.
  • Ability to communicate risk concepts clearly to diverse stakeholders.

 

What We Offer

  • Competitive base salary:  $63,500 - $95,500/YR, plus strong bonus potential.
  • 401(k) plan with employer match.
  • Paid parking and transportation benefits.
  • Comprehensive health and wellness benefits, including:
    • Health savings accounts (HSA)
    • Flexible spending accounts (FSA)
    • Medical, dental, and vision coverage
  • Generous paid time off and bank holidays.
  • Access to training and professional development programs.
  • Sponsorship and support for obtaining professional certifications.
  • A culture of collaboration, continuous improvement, and shared success.

____________________________________________________________________________________________

Who We Are

At First Western Trust, we're more than just a financial institution-we're a team of forward-thinkers committed to excellence, innovation, and impact. Our culture thrives on teamwork and mutual respect, grounded in the belief that diverse perspectives fuel creativity and help us tackle challenges in fresh, effective ways.

We celebrate each other's successes, welcome new ideas, and take personal ownership in everything we do. A genuine desire to positively impact our clients, communities, and one another drives our work. We meet challenges with a growth mindset, act with urgency and accountability, and constantly strive to raise the bar for ourselves and our clients.

Leadership at First Western means setting an example and fostering a culture of trust, transparency, and respect. Whether you're just beginning your journey or bringing years of experience, you'll find a welcoming community where your contributions are valued and your potential is boundless.

We expect our people to:

  • Demand and reward excellence.
  • Take action and responsibility.
  • Collaborate, communicate openly, and give/receive feedback with trust.
  • Go above and beyond to do what's right-always.

If that sounds like you, you'll fit right in.

Learn more at myfw.com or email Talent.Management@myfw.com. 

Equal Opportunity Employer

First Western Trust is proud to be an Equal Opportunity Employer. We are committed to creating a diverse, inclusive, and respectful workplace where every team member is valued and given the opportunity to thrive. We welcome applicants of all backgrounds and experiences and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected status. For accommodation requests, please contact Talent.Management@myfw.com.