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Model Risk Jobs in Arizona (NOW HIRING)

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 ...

USAA

Model Validator (Mid-Level) - Fraud/AML

Phoenix, AZ · Hybrid

$93.77K - $179.24K/yr

The Opportunity As a dedicated Model Validator (Mid-Level) , you will execute model risk validation oversight for the life-cycle management of models which includes conducing model validation ...

New

Northern Trust

Voice ID Consultant

Tempe, AZ

Escalate findings and insights to IT, Microsoft, Model Risk, or Fraud partners as appropriate. * Support adhoc data and analysis requests from Risk, Fraud, and governance teams. Front Line Support ...

Northern Trust

Voice ID Consultant

Tempe, AZ · On-site

Escalate findings and insights to IT, Microsoft, Model Risk, or Fraud partners as appropriate. * Support ad-hoc data and analysis requests from Risk, Fraud, and governance teams. Front - Line Support ...

Northern Trust

Voice ID Consultant

Tempe, AZ

Escalate findings and insights to IT, Microsoft, Model Risk, or Fraud partners as appropriate. * Support ad-hoc data and analysis requests from Risk, Fraud, and governance teams. Front - Line Support ...

USAA

Data Scientist I

Phoenix, AZ · On-site +1

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

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$13

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How much do model risk jobs pay per hour?

As of May 31, 2026, the average hourly pay for model risk in Arizona is $28.27, according to ZipRecruiter salary data. Most workers in this role earn between $18.12 and $36.06 per hour, depending on experience, location, and employer.

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

To thrive as a Model Risk Analyst, you need a solid background in quantitative analysis, statistics, or finance, often supported by an advanced degree in a related field. Familiarity with model validation tools, programming languages such as Python or R, and regulatory frameworks like SR 11-7 is essential. Strong analytical thinking, attention to detail, and effective communication skills are crucial for evaluating models and presenting findings to stakeholders. These skills ensure model integrity, regulatory compliance, and risk mitigation in financial institutions.

What are some typical challenges faced by professionals working in Model Risk, and how can they be addressed?

Professionals in Model Risk often encounter challenges such as ensuring model accuracy, managing regulatory compliance, and effectively communicating complex technical findings to non-technical stakeholders. Addressing these challenges requires a strong understanding of both quantitative modeling and relevant regulations, as well as strong collaboration skills to work with model developers, auditors, and business units. Staying informed about evolving regulatory standards and participating in ongoing training can also help model risk professionals remain effective and add value to their organizations.

What is model risk?

Model risk refers to the potential for adverse consequences resulting from decisions based on incorrect or misused models. In financial institutions, model risk can arise if a model's assumptions are flawed, if the data input is poor, or if the model is applied inappropriately. Managing model risk involves validating models, monitoring their performance, and ensuring that they are used within their intended scope. Effective model risk management helps organizations avoid significant financial losses and comply with regulatory requirements.

What is the difference between Model Risk vs Model Validation?

AspectModel RiskModel Validation
Primary FocusIdentifying, assessing, and mitigating risks associated with modelsEvaluating and testing models to ensure accuracy and reliability
Required CredentialsQuantitative skills, risk management certifications, industry experienceQuantitative expertise, validation certifications, industry knowledge
Work EnvironmentRisk management teams within financial institutions or firmsModel validation teams, often within risk or model development departments
Industry UsageUsed across banking, insurance, and investment firms to manage model-related risksCommonly employed in financial services to verify model performance

Model Risk focuses on managing the potential negative impacts of models, including errors and misuse, while Model Validation concentrates on testing and confirming the accuracy and robustness of models. Both roles are essential in financial industries to ensure models are reliable and risks are minimized.

What are the most commonly searched types of Model Risk jobs in Arizona? The most popular types of Model Risk jobs in Arizona are:
What are popular job titles related to Model Risk jobs in Arizona? For Model Risk jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Arizona look for? The top searched job categories for Model Risk jobs in Arizona are:
What cities in Arizona are hiring for Model Risk jobs? Cities in Arizona with the most Model Risk job openings:
Model Risk jobs near you

Manager, Model Risk Management

Global Credit Union

Glendale, AZ • On-site

$100.33K - $172.57K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Global Credit Union rating

8.8

Company rating: 8.8 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

Job description

Overview
Reports to: Senior Manager, Enterprise Risk
Functions Supervised: Model Risk Management
Primary Functions: Responsible for the development and implementation of model risk policies, procedures, and processes in line with industry standards and regulatory best practices.
Duties and Responsibilities:
  1. Coordinate with First Line risk and compliance teams to facilitate model risk management practices and execution of the credit union's Model Risk Management program. Identify and maintain model inventories, conduct risk assessments, and develop model risk metrics. Monitor, report and communicate model risk findings.
  2. Provide independent second-line assessment and effective challenge in the credit union's capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit, based on the credit union's risk profile. Coordinate with third parties on their model validation.
  3. Independently conduct hands-on validation and testing throughout the model development process
  4. Partner with subject matter experts and leaders to ensure execution of requisite control activities.
  5. Keep track of the remediation progress and final validation before closure in the credit union's GRC platform, LogicManager.
  6. Enhance policies and procedures, assist with model governance activities.
  7. Produce model risk reports for applicable committees and senior/executive management.
  8. Research, develop, and maintain knowledge and skills through completion of continuing education and training pertinent to the position.
  9. Participate as needed on special projects and other duties as assigned.

Qualifications
Education: Bachelor's degree in mathematics, statistics, information technology, business, economics, finance, or related fields.
Creditable Experience in Lieu of Education: Not Applicable
Experience/Skills: 5+ years' experience in risk management processes, model development / validation, consulting, banking or other financial services industries.
Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Ability to communicate/influence complex issues. Flexible approach to new projects, requirements, and workplace
demands. Familiar with modelling tools and methodologies used in the industry. Ability to think outside the box, and design scalable, efficient solutions.
Tenure: Not Applicable
Compensation
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.
Salary Pay Range: 06
$100,331 - $172,572 annually
Benefits
  • Short-term and long-term incentives
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Employee Assistance Program (EAP)
  • Life and disability coverage
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Tuition Reimbursement
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Click here to view Global's comprehensive Benefits Programs

Equal Opportunity Employer

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