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Model Risk Jobs in Arkansas (NOW HIRING)

Farmers Bank

Credit Risk Officer

Little Rock, AR · On-site

Support and enhance governance frameworks related to credit risk monitoring, escalation, and reporting consistent with the Bank's credit risk governance model. Oversee the Bank's Enhanced CRE Credit ...

Simmons Bank

Credit Risk Analyst II

Little Rock, AR

Your insights will directly influence risk strategy, policy decisions, and process optimization ... Perform reconciliations and data validation between the general ledger, source systems, models, and ...

Simmons Bank

Credit Risk Analyst II

Little Rock, AR · On-site

Your insights will directly influence risk strategy, policy decisions, and process optimization ... Perform reconciliations and data validation between the general ledger, source systems, models, and ...

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$11

$25

$61

How much do model risk jobs pay per hour?

As of May 29, 2026, the average hourly pay for model risk in Arkansas is $25.09, according to ZipRecruiter salary data. Most workers in this role earn between $16.11 and $32.02 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 popular job titles related to Model Risk jobs in Arkansas? For Model Risk jobs in Arkansas, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Arkansas look for? The top searched job categories for Model Risk jobs in Arkansas are:
Model Risk jobs near you

Credit Risk Officer

Farmers Bank

Little Rock, AR • On-site

Other

Posted 12 days ago

Job description

GENERAL DESCRIPTION OF POSITION
The Credit Risk Officer is responsible for providing independent, second-line oversight of credit risk across the Bank, with particular emphasis on Commercial Real Estate (CRE) and other material lending portfolios. The role supports safe and sound banking practices by identifying emerging credit risks, monitoring trends relative to Board-approved risk appetite, and ensuring that enhanced credit monitoring frameworks operate effectively. The Credit Risk Manager serves as a key liaison between Credit Administration, Senior Management, and the Board on matters related to credit risk governance.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Provide independent oversight of credit risk management practices across all lending portfolios. Monitor portfolio-level credit risk trends and concentrations against Board-approved risk appetite and policy limits. Support and enhance governance frameworks related to credit risk monitoring, escalation, and reporting consistent with the Bank's credit risk governance model.
Oversee the Bank's Enhanced CRE Credit Risk Monitoring framework, including quantitative and qualitative escalation triggers. Review CRE-specific metrics such as DSCR, LTV, refinance risk, concentration levels, property-type performance, and market conditions. Identify emerging CRE risks and assess potential impacts on capital, earnings, and liquidity.
Independently review Watch List trends, migration patterns, and risk-grade accuracy. Ensure Watch List credits are supported by documented action plans with timelines and accountability. Provide effective challenge to credit risk ratings, assumptions, and remediation strategies.
Prepare and present credit risk reporting for Senior Management and the Board, emphasizing forward-looking risk trends. Support Asset Quality Committee and ALCO discussions by providing an independent risk perspective on credit-related matters.
Assist in maintaining credit risk-related policies, limits, and enhanced monitoring appendices. Monitor adherence to credit risk appetite limits and support escalation processes. Coordinate with Finance and Risk teams to ensure alignment with ACL/CECL qualitative factors and capital planning.
Serve as a subject matter resource during regulatory examinations related to credit risk governance, CRE concentrations, and enhanced monitoring practices. Support management responses to internal audit, external audit and regulatory examination deficiencies. Maintain documentation demonstrating effective independent credit risk oversight.
SUPERVISORY RESPONSIBILITIES
RESPONSIBILITIES FOR WORK OF OTHERS
Supervises a SMALL GROUP (1-3) of employees in the SAME or LOWER CLASSIFICATION. Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time. Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four-year college degree.
EXPERIENCE GENERAL
5 years related experience and/or training.
EXPERIENCE MANAGEMENT
2 years related management experience.

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