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Model Risk Manager Jobs in Phoenix, AZ (NOW HIRING)

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ

Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and ...

Synchrony Financial

AVP, Model Validation

Phoenix, AZ · On-site

The AVP, Model Validation is responsible for model validation and ensure they are meeting Model Risk Management policies, standards, procedures as well as regulations (OCC2011-12/SR 11-7). This role ...

Early Warning Services

IT Risk Manager

Scottsdale, AZ · Hybrid

Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to ... Overview The Manager, Risk Management is responsible for the building and coordination of a ...

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

LPL Financial

Model Manager

Tempe, AZ · On-site

Requirements * 5+ years of experience in financial services with meaningful exposure to supervision, compliance, model risk management, or regulatory operations. * Bachelor's degree in Business ...

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All JobsModel Risk JobsModel Risk Manager JobsModel Risk Manager Jobs in Phoenix, AZ

Model Risk Manager information

See Phoenix, AZ salary details

$51.1K

$110.6K

$168.5K

How much do model risk manager jobs pay per year?

As of Jul 30, 2026, the average yearly pay for model risk manager in Phoenix, AZ is $110,595.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,200.00 and $127,900.00 per year, depending on experience, location, and employer.

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 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 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 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 are popular job titles related to Model Risk Manager jobs in Phoenix, AZ? For Model Risk Manager jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Model Risk Manager jobs in Phoenix, AZ look for? The top searched job categories for Model Risk Manager jobs in Phoenix, AZ are:
Model Risk Manager jobs near you
Infographic showing various Model Risk Manager job openings in Phoenix, AZ as of July 2026, with employment types broken down into 100% Full Time. Highlights an 90% In-person, 5% Hybrid, and 5% Remote job distribution, with an average salary of $110,595 per year, or $53.2 per hour.

Senior Model Risk Manager

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Posted 10 days ago

Job description

Job Title:

Senior Model Risk Manager

Location:

CityScape

What you'll do:

As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities. You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements. You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use. You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
  • Analyze model data, identify trends, and interpret results to inform risk management decisions.
  • Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
  • Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
  • Employ techniques and practices that will identify, measure and mitigate model risks.
  • Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What you'll need:

  • 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
  • Masters or MBA in related field required; PhD in related field preferred.
  • Previous leadership experience preferred.
  • Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
  • Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
  • Advanced speaking and writing communication skills.
  • Occasional travel required.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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