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

ASRC

Senior Risk Management Analyst

Tempe, AZ

In addition to our core competency model, our framework includes competencies specific to the ... risk management department * Experience working with governmental agencies or construction ...

Fairygodboss

Risk Reporting - Vice President

Tempe, AZ · On-site

$120 - $160/hr

Asset Management (AM), Commercial & Investment Bank (CIB) and Consumer & Community Banking (CCB ... You will be part of a team responsible for overseeing the operating model that supports data ...

ClifyX

AI Prompt Engineer

Chandler, AZ · On-site

... and model risk management. • Prior experience delivering enterprise copilots or chatbots at scale. • Minimum 6+ years of experience. Preferred : • Experience with Power Platform (Power Apps ...

Equity Methods

Valuation Senior Manager

Scottsdale, AZ · On-site

These span marketing, risk management, recruiting, and general business planning. * Support in HR Advisory projects, including incentive design, compensation modeling, statistical analyses of pay ...

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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

$49.2K

$106.5K

$162.4K

How much do model risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for model risk manager in Phoenix, AZ is $106,539.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,000.00 and $123,200.00 per year, depending on experience, location, and employer.

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 skills and qualifications are needed to be a model risk manager?

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 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 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 August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $106,539 per year, or $51.2 per hour.

Sr. Data Analyst - Risk Management

Early Warning Services, LLC

Scottsdale, AZ • On-site

$84K - $105K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago

Job description

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle®, Paze℠, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.
Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.
Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.
Overall Purpose
The Sr. Data Analyst - Risk Management will support the Senior Director of Enterprise Risk Management in the execution, monitoring, and maintenance of the Company's enterprise risk management program, including the three-lines of defense.
Essential Functions
  • Lead various enterprise risk management projects as delegated by the Senior Director of Enterprise Risk Management.
  • Maintain and lead the on-going development of Early Warning's Enterprise Risk Scorecards.
  • Contribute to the development, execution, and reporting of the annual enterprise risk assessment, company risk appetite statement, and associated risk tolerances.
  • Collaborate with management in the design of Key Risk Indictors (KRIs) and manage KRI performance reporting process for each of the top enterprise risks.
  • Support the Risk Management team in the coordination of risk assessments, including RCSAs and GRC application updates.
  • Create and distribute risk-based reports to management.
  • Support the production of all necessary reports to the ERM Committee, Risk & Security Committee, and the Management Committee.
  • Create, maintain, format, and update reporting decks and presentations (i.e., PowerPoint, Excel, system dashboards, etc.).
  • Record risk data to the Company's GRC application.
  • Create and maintain GRC system reports and, when necessary, assist with minor GRC system updates.
  • Support the company's commitment to protect the integrity and confidentiality of systems and data.

Minimum Qualifications
  • Bachelor's Degree in Accounting, Finance, Risk Management or a related field required.
  • Typically, a minimum of five (5) or more years' progressive risk professional experience; three (3) or more within the financial services industry.
  • Advanced knowledge and experience with analytic and reporting tools, specifically Microsoft Excel (e.g., pivot tables, vlookup, power query, etc.) and PowerPoint.
  • Working knowledge and experience within a formal three-lines of defense program.
  • Experience with standard risk management frameworks, concepts, and practices.
  • Ability to work independently.
  • Strong verbal and written communication skills.
  • Proven ability to collaborate with and obtain support from others across an organization, including Product Development, Legal/Compliance, Operations, IT, and Accounting/Finance.
  • Excellent interpersonal skills.
  • Background and drug screen.

Preferred Qualifications
  • Professional certifications in Risk, Audit, Financial Analysis, and/ or Strategic Disciplines, such as CPA, CIA, ARM, CERA, FRM, CRM, or CPCU preferred.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.
Physical Requirements
Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling, and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers.
Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.
The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $84,000 - $105,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.
This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.
Some of the Ways We Prioritize Your Health and Happiness
  • Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
  • 401(k) Retirement Plan - Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
  • Paid Time Off - Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
  • 12 weeks of Paid Parental Leave
  • Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

And SO much more! We continue to enhance our program, so be sure to check our Benefits page here for the latest. Our team can share more during the interview process!
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.

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