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Model Risk Jobs in Utah (NOW HIRING)

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western AgCredit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making.Contribute to the development, implementation, and/or maintenance of appropriate reporting for ...

Nelnet

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

Integrate these models downstream in credit decisions. • Risk Monitoring: Own portfolio surveillance (vintage curves, roll rates, KRIs against risk appetite), with defined thresholds that trigger ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

Integrate these models downstream in credit decisions. • Risk Monitoring: Own portfolio surveillance (vintage curves, roll rates, KRIs against risk appetite), with defined thresholds that trigger ...

Nelnet, Inc.

Director, Credit Risk Management

Draper, UT · On-site

$200K/yr

Predictive Analytics & Modeling: Own end-to-end risk analysis and development of consumer credit models like application and custom scorecards, behavioral and account management models, PD/LGD, loss ...

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All JobsModel Risk JobsModel Risk Jobs in Utah

Model Risk information

See Utah salary details

$13

$27

$67

How much do model risk jobs pay per hour?

As of Sep 11, 2026, the average hourly pay for model risk in Utah is $27.62, according to ZipRecruiter salary data. Most workers in this role earn between $17.74 and $35.24 per hour, depending on experience, location, and employer.

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 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 does a model risk do?

A model risk professional assesses and manages the risks associated with using mathematical and statistical models in financial and operational decision-making. They review model accuracy, validate assumptions, and ensure compliance with regulatory standards, often using tools like SAS or R. Their work helps prevent financial loss due to model errors or misestimations.

What does a model risk specialist do?

A model risk specialist evaluates and manages risks associated with financial or operational models used by organizations. They review model assumptions, validate model performance, and ensure compliance with regulatory standards, often using statistical and analytical tools. Their work helps prevent model errors that could lead to financial loss or regulatory issues.

What are popular job titles related to Model Risk jobs in Utah?

For Model Risk jobs in Utah, the most frequently searched job titles are:

What job categories do people searching Model Risk jobs in Utah look for?

The top searched job categories for Model Risk jobs in Utah are:

Model Risk jobs near you
Infographic showing various Model Risk job openings in Utah as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $57,444 per year, or $27.6 per hour.

Risk Analyst

South Jordan, UT • On-site

Western AgCredit
Finance and Insurance • 51 - 200 employees
Learn more about Western AgCreditexternal

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 7 days ago

Job description

POSITION: Risk Analyst
LOCATION: South Jordan or Spanish Fork, Utah
GRADE: 11 (salary range 57,283-85,681) depending on education and experience.

RESPONSIBILITY:
Comprehensive benefits package provided (including medical, dental, vision, life insurance, defined contribution
retirement program, and potential for incentive compensation). The Risk Analyst reports to the VP-Risk Manager and is primarily
responsible for supporting risk-related functions within the Association, including but not limited to the following:

  • Assist with developing appropriate risk management policies, plans, and procedures to achieve Association risk management objectives.
  • Conduct risk analysis and modeling to inform corporate business planning and management decision making.
  • Contribute to the development, implementation, and/or maintenance of appropriate reporting for the risk management function.
  • Assist in developing and maintaining a strong internal control environment to protect corporate assets. 
  • Assist with insurance, purchasing, and investment activities related to Association-owned assets.
  • Aid in formulating risk appetite statements and recommend policy to support such.
  • Assist with formulating policies and procedures to determine hold limits for various segments of the loan portfolio, IRR requirements for capital markets and/or participation purchases, and pricing guidelines for various lending programs.
  • Assist with administering and maintaining a robust Enterprise Risk Management (ERM) program.
  • Review compliance with Association Policies and FCA Regulations within areas of responsibility.
  • Assist with administering and maintaining a robust stress testing program on various business segments and the entirety of the loan portfolio.
  • Assist in developing, maintaining, and executing (when required) the Association Incident Response Plan.
  • Assist with implementing, administering, and maintaining a robust Vendor Risk Management program, including vendor due diligence, risk assessments, ongoing monitoring, documentation, and reporting.
  • Assist with implementing, administering, and maintaining Model Risk Management program responsibilities, including model inventory maintenance, risk assessments, validation coordination, documentation, monitoring, and reporting.
  • Other responsibilities as assigned by supervisor.

EDUCATION AND EXPERIENCE:

Bachelor's degree in finance/accounting or business-related field.
Equivalent experience required for bachelor's degree in another field of study.
Knowledge and experience in the areas of Enterprise Risk Management and/or Stress Testing and/or Vendor Risk Management and/or Model Risk Management preferred.
Knowledge and experience in all aspects of the audit function and planning preferred.
Knowledge and understanding of Farm Credit regulations and production agriculture preferred.
Strong computer skills required, with knowledge and experience with risk management software and/or platforms preferred.
Strong communication and collaboration skills required. Must be able to work cooperatively with individuals across all functional areas of the business.
Sound understanding of organizing, planning, critical thinking, analysis, presentation, documentation, and decision making.
Some understanding of accounting practices, financial reporting, fiscal management, and internal controls strongly preferred.
Working knowledge of the sound extension of credit and credit administration preferred.
Strong skills in verbal and written communication, and use of Microsoft Office suite of software products (including Word, Excel, PowerPoint, and Outlook) required. Perform daily responsibilities with accuracy, professionalism, and attention to detail.

GENERAL DATA: 
For over 100 years, the Association has been providing agricultural lending services to commercial and mortgage borrowers in Utah and portions of Wyoming, Nevada, and Arizona.


Applications will be accepted until the position is filled

If you have any questions or need additional information, please call (801) 571-9200.
EEO/AA Employer M/F

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