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

Ensure alignment with model risk management, responsible AI, and data governance requirements * Coordinate documentation, approvals, and governance readiness * Deliver structured updates through ...

Senior Manager - Risk Management

Phoenix, AZ · On-site

$103.75K - $174.75K/yr

... Fraud risk data assets and next generation of authentication capabilities such as Secure Push ... Flexible working model with hybrid, onsite or virtual arrangements depending on role and business ...

Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit ... As a Senior Manager you will support the firm's AI Governance Program development and manage risk ...

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Model Risk Manager information

See Phoenix, AZ salary details

$49.6K

$107.4K

$163.7K

How much do model risk manager jobs pay per year?

As of May 28, 2026, the average yearly pay for model risk manager in Phoenix, AZ is $107,440.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,700.00 and $124,200.00 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 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:
What cities near Phoenix, AZ are hiring for Model Risk Manager jobs? Cities near Phoenix, AZ with the most Model Risk Manager job openings:

Associate Product Manager

Purple Drive Technologies

Phoenix, AZ • On-site

Full-time

Posted 22 hours ago


Job description

Overview:
Description:
5 years of product management experience, ideally in travel, financial services, or lifestyle-oriented platforms
Hands on experience with data driven products and working knowledge of ML principles and Model lifecycle
Strong understanding of customer segmentation, targeting, recommendation, and real time personalization engines
Experience participating in large scale planning, annual planning, PI planning, and working with Agile environment
Ability to synthesize complex data and communicate clear product narrative to technical and non-technical stakeholders
Proficiency with tools such as SQL, JIRA, Confluence, TableauPowerBI familiarity a plus, Python basic understanding
Familiarity with ML concepts, ML Studio, Copilot, github, elastic searchUnderstanding of Model development and software development lifecycle
Familiarity with Model explaianbility tools (SHAP, LIME etc)Understanding of Big data, Data pipeline, ETLELT processes
Understanding of Cloud Platforms (GCP, (Big Table, Lumi, Big Query, Vertex All)Security and compliance awareness GDPR, data privacy regulations, Model Governance, compliance review process, Model Risk Management
Strong communication and stakeholder management skills
Excellent communication skills with the ability to engage, influence, and inspire partners to drive collaboration and alignment. Able to create PPT for presentations.