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Model Risk Jobs in Utah (NOW HIRING)

TAB Bank

Model Risk Management Analyst

Ogden, UT · On-site

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner ...

TAB Bank

Model Risk Management Analyst

Ogden, UT

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner ...

Western Ag Credit

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 ...

Wsgr

Senior AI Risk Advisor

Salt Lake City, UT · On-site +1

Lead AI risk assessments across the full model lifecycle - evaluating third-party AI vendors, foundation models, and AI-powered platforms for data privacy risks, model behavior, security posture, and ...

Clicklease

Risk Analyst

Draper, UT · On-site

Help maintain and validate risk models, reporting tools, and analytical processes. * Investigate portfolio performance trends and escalate potential risks to senior team members. * Participate in ...

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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 Jul 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 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 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 July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $57,444 per year, or $27.6 per hour.
Model Risk Management Analyst

Model Risk Management Analyst

TAB Bank

Ogden, UT • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

We are looking for a Model Risk Management Analyst to join our BI/Data Analytics team at TAB Bank in Ogden, UT. The primary function of this role will be to support the Bank's strategic partner program by conducting reviews of the statistical/machine learning models used in underwriting and the overall model risk associated with each partnership. The individual in this role will be a leader in managing the policies, standards, and procedures governing model development and model risk management. By implementing sound model risk management practices and validating internal and external models, the analyst will keep an eye towards risk to ensure models follow set standards and do not expose the bank to undue risk. As time allows, a secondary function of this role will include working with BI analysts on data exploration and analysis.
The role will report directly to the Business Intelligence Manager. We are looking for someone who enjoys working with good people, building relationships, and leveraging those relationships to make a meaningful positive impact on TAB Bank. The ideal candidate will be detail oriented, principled, resourceful, inquisitive, a learner, a problem solver and driven by outcomes versus outputs. We need an individual who is seeking professional growth and development and is anxious to take on additional responsibility over time.
Essential Duties and Responsibilities:
  • Lead the management of the policies, standards, and procedures governing model development and model risk management.
  • Manage the Strategic Partner Model Inventory, including risk and criticality grading.
  • Evaluate Strategic Partner models for conceptual soundness.
  • Complete ongoing monitoring and review outcomes for Strategic Partner models.
  • Provide effective challenge to model development and monitoring practices to enact change when necessary.
  • Work with internal and external auditors when they review Model Risk Management at TAB.
  • Performing credit and model risk due diligence on potential new partners
  • Ability to take the lead to identify potential issues and opportunities for improvement and work with multiple employees on different teams to implement solutions.
  • Participating or leading various projects to improve processes or better manage risk for the Bank.
  • Other duties as assigned.

Required education and experience:
  • Bachelor's degree in a technical discipline
  • Strong understanding of regression and classification models with the ability to interrogate model design, methodology, and validation
  • Familiarity with machine learning models
  • Ability to build and manage analytical and statistical models

Preferred education and experience:
  • Graduate degree or 1-2 years of experience in a technical discipline.
  • Ability to program and conduct analysis using SQL, R, Python, SAS or similar applications
  • Familiarity with relational databases.
  • Experience with data visualization tools such as Tableau, Power BI, etc.

Competencies:
  • Ability to read and write SQL queries and experience with Python.
  • Demonstrated ability for critical thinking and problem-solving.
  • Demonstrated ability in communicating effectively, both verbally and written
  • Strong Microsoft application knowledge (Excel, Word, Outlook)
  • Strong time management and organizational skills for managing multiple initiatives and relationships with Strategic Partners simultaneously.
  • Excellent collaborator and team player. Capable of building meaningful professional relationships with a diverse group including executives, managers, and subject matter experts.

TAB Bank Offers:
  • Onsite Gym
  • Tuition Reimbursement
  • Paid Holidays
  • Gym Reimbursement
  • College Scholarships for Employees and Families
  • 401(k)
  • Paid Time Off (PTO)
  • Employee Assistance Program (EAP)
  • I Made the Grade
  • Holiday Club Program
  • Medical, Dental, Vision, Life and AD&D, Voluntary Disability, Flex Spending & Dependent Care

TAB Bank will not sponsor applicants for work visas.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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