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Model Risk Jobs in Utah (NOW HIRING)

Medallion Bank

Credit Risk Manager

Salt Lake City, UT · On-site

Partner with Data Analytics and Finance teams on data acquisition, model validation support ... Minimum 5 years of experience in credit risk, financial analytics, or a related quantitative role ...

Adobe

Sr. Manager Risk & Governance

Lehi, UT

Improve decision-making using security insights, data analytics, and modeling to validate the organization's risk landscape. Manage Adobe's Security Management framework, integrate industry-leading ...

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$13

$27

$67

How much do model risk jobs pay per hour?

As of May 30, 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 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 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
Credit Risk Manager

Credit Risk Manager

Medallion Bank

Salt Lake City, UT • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Please Note: This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.
Who we are:
At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!
How you will support the team:
Analytical professional responsible for supporting credit risk management across Medallion Bank's Recreation Lending and Home Improvement Installment portfolios. Reports to and works closely with the VP, Senior Credit Officer to deliver actionable data insights, credit policy analysis, and portfolio reporting that drive sound credit decisions and inform risk strategy.
What you will do:
  • Design, build, and maintain KPI/KRI dashboards tracking portfolio health metrics including approval rates, delinquency, loss rates, utilization, and vintage performance across Recreation and Consumer Installment portfolios.
  • Produce vintage curve and delinquency analyses to identify emerging risk trends and inform timely policy adjustments.
  • Conduct credit policy rule analyses - including underwriting rule-sharing studies across product lines - to assess policy effectiveness, overlap, and optimization opportunities.
  • Develop and deliver regular executive-level credit reports summarizing portfolio performance, risk segment trends, and key risk indicators for senior management and committee audiences.
  • Support ad hoc analytical requests from the leadership, including scenario modeling, competitive benchmarking, and credit strategy evaluation.
  • Partner with Data Analytics and Finance teams on data acquisition, model validation support, analytics support, report building and use as a general resource for success.
  • Assist in maintaining and enhancing credit underwriting documentation, policy memoranda, and governance materials.
  • Perform other duties as assigned.

What you need to do that job:
  • Strong proficiency in statistical programming - R, Python, or SAS - for data wrangling, analytics pipelines, and visualization.
  • Advanced Excel skills including pivot tables, financial modeling, and chart production for executive reporting.
  • Solid understanding of consumer credit fundamentals: underwriting criteria, credit scoring, risk segmentation, delinquency measurement, and loss attribution.
  • Ability to translate complex data analyses into clear, executive-ready presentations and written summaries.
  • Highly organized with strong attention to detail and the ability to manage multiple deliverables concurrently.
  • Collaborative, communicative team player who works effectively across credit, analytics, finance, and product functions.

What you bring with you:
  • Minimum 5 years of experience in credit risk, financial analytics, or a related quantitative role within banking, fintech, or consumer finance.
  • Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field required.
  • Demonstrated experience producing portfolio monitoring reports and/or credit performance analytics.
  • Prior exposure to consumer installment, recreation (RV/marine/powersports), or specialty lending portfolios is a plus.
  • Experience with SQL and/or data warehousing platforms (e.g., Snowflake, SQL Server/SSMS) is preferred.

Environment:
  • In office work required with some hybrid work permitted.
  • Overtime and some travel may be required periodically.

Compensation & Benefits:
  • Competitive salary and performance-based incentives
  • Health, dental, and vision insurance
  • 401(k) with company match
  • Paid time off and holidays
  • Professional development opportunities

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