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Model Risk Jobs in Utah (NOW HIRING)

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$13

$27

$67

How much do model risk jobs pay per hour?

As of Sep 13, 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.

Global Technology Change Risk Senior Manager

Salt Lake City, UT • On-site

alter Domus
See more jobs at alter Domusexternal

Full-time

This job post has expired 2 days ago. Applications are no longer accepted.

Job description

ABOUT US:
As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning "The Other House" in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.
With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.
Find out more about life at Alter Domus at careers.alterdomus.com
Reporting to the Head of Technology, Security and Data Risk, the Global Technology Change Risk Senior Manager will lead the risk oversight of the unprecedented amount of technology change at Alter Domus. You will bring deep knowledge of modern technology architecture, infrastructure, data, applications and ai, have strong risk management experience and a good understanding of agile and waterfall project management.
RESPONSIBILITIES
  • Lead the technology change risk programme ensuring all material technology-driven changes (ai, data, system, migrations, automation, digital transformation initiatives) are assessed for risk prior to and during execution.
  • Partner with Tech, project delivery, and business stakeholders to embed risk controls into the change management lifecycle, from intake and impact assessment through testing, deployment, and post-implementation review.
  • Identify, evaluate, and monitor technology and operational risks arising from global change initiatives, escalating material issues to senior leadership and relevant risk committees.
  • Assess risks specific to AI adoption within change initiatives, including model governance, data privacy, algorithmic bias, and regulatory compliance, and ensure AI-driven tools and processes are incorporated safely into the change risk framework.
  • Provide guidance, training, and thought leadership to project teams and junior risk staff on technology change risk best practices, fostering a proactive risk culture across the organization.
  • Develop and maintain risk metrics, dashboards, and reporting to provide visibility into the change risk portfolio for executive and regulatory stakeholders.
  • As a senior leader, you will also be responsible for driving change when necessary, delivering communications and directions to the team in supporting the development and engagement of employees at all levels.
  • Promote and build the Alter Domus brand and culture both internally and externally, acting as an ambassador and role model to our people, clients, and customers to embed the Alter Domus Values and to promote our Employer Value Proposition.
  • As a director of Alter Domus, you will maintain a relentless focus on cost and budget discipline, driving a culture of accountability.
  • Drive a culture of compliance and risk control to mitigate financial, operational and reputational risks.
  • Ensure the company maintains the highest Environmental, Sustainability and Governance (ESG) standards.

PROFILE
  • Deep knowledge of modern technology architecture, infrastructure, data, applications and ai,
  • Strong risk management experience
  • Deep understanding of technology project delivery (agile and waterfall project management).
  • A motivation to built on the role and develop operational resilience to meet the expectations of our clients and regulators alike.

LEADERSHIP & BEHAVIOURAL COMPETENCIES
  • You will demonstrate super business insight and commercial acumen combined with strong technical expertise, analytical problem-solving skills
  • Hands-on subject matter expert capable of taking on a wide range of tasks with humility and flexibility.
  • You will possess strong interpersonal skills - influencing and building trust quickly, navigating complexity and ambiguity with confidence and negotiating with tenacity and focus. You will be decisive and persuasive to achieve the results and adept at engaging with C-level executives and high-profile clients.
  • You will have a proven track-record of working autonomously in a matrixed organisation and demonstrate strong partnering skills, using them to build internal networks to achieve your objectives.
  • You will have an intellectual curiosity and a global mind-set, allowing you to partner effectively across your region and beyond with agility and flexibility. You will challenge the current status quo to improve things, acting as a change agent to drive the business forward.
  • You will have high energy and passion to drive the business and positively influence others, you will avoid complacency and strive for the business to succeed, acting quickly to tackle any issues
  • You will be adept at managing competing demands on your time, actively prioritising and remaining calm under pressure while navigating complexity and challenges with confidence and resilience.
  • Possess personal learning agility and an ability to adopt and champion new skills and ways of working to role model and inspire others.
  • You will demonstrate a strong commitment to high integrity and ethics

KEY RELATIONSHIPS
  • Supervisory Board / Audit and Risk Committee, Group Executive Board
  • Regional Executives, Leaders, Directors and Senior Managers
  • Finance, IT and Human Resources

WHAT WE OFFER:
We are committed to supporting your development, advancing your career, and providing benefits that matter to you.
Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.
Our global benefits also include:
  • Support for professional accreditations
  • Flexible arrangements, generous holidays, plus an additional day off for your birthday!
  • Continuous mentoring along your career progression
  • Active sports, events and social committees across our offices
  • 24/7 support available from our Employee Assistance Program
  • The opportunity to invest in our growth and success through our Employee Share Plan
  • Plus additional local benefits depending on your location

Salary range: We offer a salary of $110,000 to $170,000+ depending on the skills and experience brought to the position. We encourage all candidates to apply and discuss the overall package on offer with our recruitment team.
Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)
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