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

Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...

New

Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes, and assists peers with composing, technical documents for knowledge ...

New

Treasury Manager

Phoenix, AZ

$159.75K - $197.33K/yr

Collaborate with second line of defense teams including Model Risk Management to support oversight and governance. * Maintain vendor relationships with QRM and supporting Treasury systems, and ...

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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:
QRM - Contractual Deal Strategy, Contracting and Risk Management - Manager - C_MAT

QRM - Contractual Deal Strategy, Contracting and Risk Management - Manager - C_MAT

Deloitte

Tempe, AZ

$85.20K - $114K/yr

Other

Posted 18 days ago


Deloitte rating

8.1

Company rating: 8.1 out of 10

Based on 86 frontline employees who took The Breakroom Quiz

60th of 138 rated financial services


Job description

National Office Team

The National Office, a key Strategic Enabler in our new model, is comprised of professionals with various areas of focus that collectively provide mission critical services to support Deloitte's overall success. Whether focused on project financials, quality and risk management, methods and tools, sales excellence, talent, leadership support, or other activities, these professionals ensure that our Firm operates efficiently and that our people are able to effectively serve clients every day. 

Recruiting for this role ends on 06/12/2026.

The Team: The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and increasingly complex business to improve financial performance and protect the firm's assets and reputation.

Work you'll do

Deloitte Consulting LLP's Quality and Risk Management group is seeking a Risk Manager to join the Life Sciences & Health Care (LSHC) Industry Risk Management team. Successful candidates will have extensive experience in identifying and mitigating business and contract risks associated with the provision of professional consulting services. The Risk Manager role involves providing quality and risk management support throughout the opportunity and engagement lifecycle, including risk consultations to opportunity pursuit teams, reviewing and revising as applicable draft contracts (Statement of Works, Engagement Letters, Change Orders) for professional services, assisting in and at times leading negotiations with clients and other third parties, monitoring and mitigating risk during engagement execution, and serving as a trusted risk advisor to senior client service executives. Job functions include:

  • Deal Support, Contracting, and Negotiations
    • Assist with deal desk and contract review activities. Support our sales team with deal and contract structuring, RFI/RFP/Proposals, contract review, drafting custom provisions, and negotiations.
    • Intersect with various functions - including sales, legal, finance, and delivery - to act as a strategic advisor to help manage deal flow and to optimize sales and contracting cycles.
    • Work closely with deal teams and legal in reviewing, advancing, and negotiating agreements such as master agreements, confidentiality agreements, and teaming agreements. Own risk consultation and contracting review of scope of work/SOW documents and related schedules.
  • Ongoing and Post-Execution Risk Management and Contracting Support
    • Assist with ongoing contracting, risk management, and mitigation support for ongoing contracting requirements - SOWs, Change Orders, amendments, and renewals.
    • Work actively with account leadership and quality team to identify and help mitigate post-signature delivery and engagement risks.
    • Facilitate continued compliance with contractually required policies and processes and with the Firm's internal policies.
  • Knowledge Management and Training Support
    • Maintain knowledge of core professional services (e.g., IT, Managed Services, Outsourcing) and product offerings to continue supporting contracting and risk matters in a fast-paced, constantly changing environment.
    • Proactively pursue, assess, and, where appropriate, advance firm's initiatives, including in the areas of software, cloud, data analytics, operate services, Generative AI, and privacy & security.
    • Support strategic initiatives pertaining to development/updating of processes, tools, and templates to improve overall risk management and contracting practices and to help drive adoption of such processes, tools, and templates.

A successful candidate will possess these skills:

  • Strong understanding of professional services contracting lifecycle with an emphasis on technology services
  • Proven track record influencing a diverse set of stakeholders and driving common outcomes with a strong understanding of commercial contracting processes, including terms and conditions
  • Outstanding verbal/written communication, collaboration, and negotiation skills to lead an environment driven by customer service and teamwork
  • Excellent leadership skills, including ability to prioritize critical needs, act decisively, and handle a high volume of complex tasks within a given timeframe
  • Experience in writing and reviewing scope of work documents, with a focus on incorporating actionable and measurable guidance to address specific risks around delivery execution
  • Proven willingness to listen and learn, and a consistent record of making and explaining appropriate decisions (even when this leads to tough business discussions).
  • LSHC industry experience, with an understanding of the unique risks affecting this industry
  • Experience handling risk issues pertaining to some combination of outsourcing, cloud software, software licensing, and alliance agreements

Qualifications

Required:

  • Experience Requirements: Minimum 5-8 years of direct contract negotiation for technology services or experience in the Consulting/Professional Services space
  • Education: BBA/BA/BS in related field
  • Ability to travel approximately 25%; flexibility required based on candidate location and role
  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

  • Technology delivery and implementation services experience
  • Education: Masters' Degree

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $124,000-$229,500.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Qualifications:

National Office Team

The National Office, a key Strategic Enabler in our new model, is comprised of professionals with various areas of focus that collectively provide mission critical services to support Deloitte's overall success. Whether focused on project financials, quality and risk management, methods and tools, sales excellence, talent, leadership support, or other activities, these professionals ensure that our Firm operates efficiently and that our people are able to effectively serve clients every day. 

Recruiting for this role ends on 06/12/2026.

The Team: The mission of Quality and Risk Management (QRM) is to manage the risk in our growing and increasingly complex business to improve financial performance and protect the firm's assets and reputation.

Work you'll do

Deloitte Consulting LLP's Quality and Risk Management group is seeking a Risk Manager to join the Life Sciences & Health Care (LSHC) Industry Risk Management team. Successful candidates will have extensive experience in identifying and mitigating business and contract risks associated with the provision of professional consulting services. The Risk Manager role involves providing quality and risk management support throughout the opportunity and engagement lifecycle, including risk consultations to opportunity pursuit teams, reviewing and revising as applicable draft contracts (Statement of Works, Engagement Letters, Change Orders) for professional services, assisting in and at times leading negotiations with clients and other third parties, monitoring and mitigating risk during engagement execution, and serving as a trusted risk advisor to senior client service executives. Job functions include:

  • Deal Support, Contracting, and Negotiations
    • Assist with deal desk and contract review activities. Support our sales team with deal and contract structuring, RFI/RFP/Proposals, contract review, drafting custom provisions, and negotiations.
    • Intersect with various functions - including sales, legal, finance, and delivery - to act as a strategic advisor to help manage deal flow and to optimize sales and contracting cycles.
    • Work closely with deal teams and legal in reviewing, advancing, and negotiating agreements such as master agreements, confidentiality agreements, and teaming agreements. Own risk consultation and contracting review of scope of work/SOW documents and related schedules.
  • Ongoing and Post-Execution Risk Management and Contracting Support
    • Assist with ongoing contracting, risk management, and mitigation support for ongoing contracting requirements - SOWs, Change Orders, amendments, and renewals.
    • Work actively with account leadership and quality team to identify and help mitigate post-signature delivery and engagement risks.
    • Facilitate continued compliance with contractually required policies and processes and with the Firm's internal policies.
  • Knowledge Management and Training Support
    • Maintain knowledge of core professional services (e.g., IT, Managed Services, Outsourcing) and product offerings to continue supporting contracting and risk matters in a fast-paced, constantly changing environment.
    • Proactively pursue, assess, and, where appropriate, advance firm's initiatives, including in the areas of software, cloud, data analytics, operate services, Generative AI, and privacy & security.
    • Support strategic initiatives pertaining to development/updating of processes, tools, and templates to improve overall risk management and contracting practices and to help drive adoption of such processes, tools, and templates.

A successful candidate will possess these skills:

  • Strong understanding of professional services contracting lifecycle with an emphasis on technology services
  • Proven track record influencing a diverse set of stakeholders and driving common outcomes with a strong understanding of commercial contracting processes, including terms and conditions
  • Outstanding verbal/written communication, collaboration, and negotiation skills to lead an environment driven by customer service and teamwork
  • Excellent leadership skills, including ability to prioritize critical needs, act decisively, and handle a high volume of complex tasks within a given timeframe
  • Experience in writing and reviewing scope of work documents, with a focus on incorporating actionable and measurable guidance to address specific risks around delivery execution
  • Proven willingness to listen and learn, and a consistent record of making and explaining appropriate decisions (even when this leads to tough business discussions).
  • LSHC industry experience, with an understanding of the unique risks affecting this industry
  • Experience handling risk issues pertaining to some combination of outsourcing, cloud software, software licensing, and alliance agreements

Qualifications

Required:

  • Experience Requirements: Minimum 5-8 years of direct contract negotiation for technology services or experience in the Consulting/Professional Services space
  • Education: BBA/BA/BS in related field
  • Ability to travel approximately 25%; flexibility required based on candidate location and role
  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

  • Technology delivery and implementation services experience
  • Education: Masters' Degree

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $124,000-$229,500.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Education:Bachelor's DegreeEmployment Type:

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