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Model Risk Jobs in Arizona (NOW HIRING)

PNC Bank

LOB Risk Lead

Phoenix, AZ · On-site

Develops methodologies, models, and frameworks to quantify technology risk exposures, including: Cybersecurity events System failures and outages Data loss and disclosure events Privilege misuse ...

Fairygodboss

Risk Reporting - Vice President

Tempe, AZ · On-site

$120 - $160/hr

You will be part of a team responsible for overseeing the operating model that supports data aggregation used in the firm's risk reporting process (e.g., balance sheet details, forecasts, and ...

New

RideNow Powersports

Risk Manager

Chandler, AZ · On-site

The goal of this role is to transform risk management from a reactive, decentralized model into a structured, cost-controlled, and scalable function that supports operational performance and ...

New

RumbleOn

Risk Manager

Chandler, AZ

The goal of this role is to transform risk management from a reactive, decentralized model into a structured, cost-controlled, and scalable function that supports operational performance and ...

New

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Showing results 21-40

All JobsModel Risk JobsModel Risk Jobs in Arizona

Model Risk information

See Arizona salary details

$13

$28

$68

How much do model risk jobs pay per hour?

As of Aug 7, 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 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 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 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 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 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
Infographic showing various Model Risk job openings in Arizona as of August 2026, with employment types broken down into 2% As Needed, 79% Full Time, 14% Part Time, 1% Temporary, and 4% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $58,802 per year, or $28.3 per hour.

Operational Risk Specialist II - Data Risk

Early Warning Services

Scottsdale, AZ • Hybrid

$99K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

New

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 Operational Risk Specialist II supports second-line operational risk activities through risk assessments, control testing, monitoring, reporting, and advisory support. The role helps identify, evaluate, and communicate risks; monitor remediation; and promote compliance with established policies, standards, regulatory requirements, and risk appetite.

The position may focus on one of the following areas: Artificial Intelligence Risk Management, or Data Risk Management.

This position helps ensure operational risks are managed in accordance with established policies, standards, procedures, contractual requirements, regulatory expectations, and the organization's risk appetite.

Essential Functions

  • Execute operational risk assessments, control evaluations, due diligence reviews, testing, monitoring, and quality assurance activities in accordance with established policies, standards, and methodologies.

  • Identify and evaluate risks, control gaps, emerging issues, and remediation needs; document conclusions and recommend appropriate actions.

  • Provide independent review and challenge of risk assessments, controls, findings, mitigation plans, and risk acceptance decisions.

  • Maintain accurate records of risks, controls, assessments, testing, issues, findings, and remediation activities in applicable systems and repositories.

  • Monitor corrective actions, analyze trends and root causes, and escalate material concerns or risks outside established tolerances.

  • Support audits, regulatory reviews, customer assessments, management self-assessments, and risk and control self-assessments.

  • Develop and monitor risk metrics, dashboards, and reporting for management, governance forums, and other stakeholders.

  • Provide guidance to business partners on risk requirements, documentation standards, control expectations, and remediation activities.

  • Coordinate with first- and second-line stakeholders to resolve issues, clarify requirements, and support consistent execution of risk processes.

  • Identify opportunities to improve the effectiveness, efficiency, and consistency of operational risk practices.

  • Support the protection, confidentiality, integrity, and availability of systems, data, and information assets.

Area of Focus

Data Risk Management

  • Conduct data risk assessments and provide data-related requirements for stakeholder impact assessments.

  • Evaluate risks associated with data governance, data integrity, information classification, data protection, and policy compliance.

  • Support the development, maintenance, and enforcement of data risk policies, standards, procedures, and guidelines.

  • Manage information classification activities, including intake review, documentation preparation, risk statement development, stakeholder review, approval, distribution, and inventory maintenance.

  • Design, execute, and report on internal control testing related to data risk and data integrity.

  • Identify data control gaps, document issues, monitor remediation, and conduct root cause analysis.

  • Prepare Data Risk and Data Integrity reporting, including metrics, dashboards, testing results, and management materials.

  • Support applicable data management, information security, privacy, regulatory, and assurance requirements.

Minimum Qualifications

  • Bachelor's degree or equivalent combination of education and relevant professional experience.

  • Typically, has 2 or more years of experience in a risk management function.

  • Experience in operational risk, data risk, artificial intelligence risk, compliance, audit, information security, data management, technology risk, third-party risk, or a related discipline.

  • Experience conducting or supporting risk assessments, control testing, due diligence, audit activities, issue management, or risk reporting.

  • Working knowledge of operational risk management concepts, internal controls, and the three-lines model.

  • Ability to collect and analyze information, identify risk or control gaps, document conclusions, and recommend appropriate actions.

  • Ability to interpret policies, standards, procedures, contractual requirements, audit criteria, or regulatory guidance.

  • Strong written and verbal communication skills, including the ability to present findings and explain risk requirements to technical and nontechnical stakeholders.

  • Strong analytical, organizational, and problem-solving skills with attention to detail.

  • Ability to manage multiple priorities and deadlines in a complex, regulated, and matrixed environment.

  • Ability to work independently within established procedures and collaborate effectively with internal and external stakeholders.

  • Background and drug screen

Preferred Qualifications

  • Experience in financial services, financial technology, payments, or another highly regulated industry.

  • Experience working within a second-line risk management, consulting, advisory, compliance, or internal audit function.

  • Experience using governance, risk, and compliance technology to manage assessments, controls, testing, issues, findings, or remediation activities.

  • Experience in one or more of the identified focus areas: Artificial Intelligence Risk Management, or Data Risk Management

  • Familiarity with relevant frameworks or standards, such as the NIST AI Risk Management Framework, ISO/IEC 42001, DAMA, NIST information security guidance, ISO 27002, or comparable risk and control frameworks.

  • Familiarity with applicable financial services, consumer reporting, data privacy, information security, or regulatory requirements.

  • Experience developing risk metrics, dashboards, management reporting, procedures, testing programs, or process improvements.

  • Risk management, audit, technology, information security, data, or AI governance-related certification.

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. Requires the ability to communicate with internal and/or external customers.

Employees 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 in USD per year is: $62,000 - $82,000.
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.

AndSOmuch more! We continue to enhance our program, so be sure tocheck our Benefits page herefor the latest. Ourteamcan share more during the interview process!

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.

Early Warning Services LLC is a proud participant in E-Verify, a federal program to help ensure a legal and authorized workforce. As part of our hiring process, we electronically verify the employment eligibility of all new hires through E-Verify. For more information on your rights and responsibilities under E-Verify please visit Home | E-Verify.

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