ZipRecruiter

Log In

1

Model Risk Jobs in Phoenix, AZ (NOW HIRING)

ServiceNow

Solution Architect - AI & Data

Phoenix, AZ

$62.50 - $82.50/hr

AI Governance, Risk & Responsible AI * Define and embed AI governance frameworks covering data stewardship, model risk, bias controls, audit trails, and compliance postures. * Support customers in ...

next page

Showing results 1-20

All JobsModel Risk JobsModel Risk Jobs in Phoenix, AZ

Model Risk information

See Phoenix, AZ salary details

$14

$30

$73

How much do model risk jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for model risk in Phoenix, AZ is $30.12, according to ZipRecruiter salary data. Most workers in this role earn between $19.33 and $38.41 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 the most commonly searched types of Model Risk jobs in Phoenix, AZ? The most popular types of Model Risk jobs in Phoenix, AZ are:
What are popular job titles related to Model Risk jobs in Phoenix, AZ? For Model Risk jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Model Risk jobs in Phoenix, AZ look for? The top searched job categories for Model Risk jobs in Phoenix, AZ are:
Model Risk jobs near you
Infographic showing various Model Risk job openings in Phoenix, AZ as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 13% Part Time, 1% Temporary, and 3% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $62,652 per year, or $30.1 per hour.
IT Risk Manager

IT Risk Manager

Early Warning Services, LLC

Scottsdale, AZ • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 22 days ago

Job description

At Early Warning, we've powered and protected the U.S. financial system for over thirty years with cutting-edge solutions like Zelle®, Paze℠, and so much more. As a trusted name in payments, we partner with thousands of institutions to increase access to financial services and protect transactions for hundreds of millions of consumers and small businesses.
Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.
Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.
Overview
The Manager, Risk Management is responsible for the building and coordination of a centralized first-line of defense (LOD1) risk and internal control program efforts for Early Warning's (specified department or function). The role will be required to align with the company's Enterprise Risk Management Leadership around the structure of the 3LOD (three lines of defense) Program to ensure the consistency in the implementation and operationalization across the enterprise.
Essential Functions
  • Assist Sr. Risk Managers and LOD1 Director if meeting departmental goals and objectives.
  • Build and manage the business line's centralized LOD1 function; act as business-line liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company's Three-Lines of Defense (3LOD) program.
  • Own and maintain business-line's process inventory and internal control environment inventory.
  • Work with Compliance (and other Risk functions) to obtain a high-level understanding of and monitor applicable regulations and requirements.
  • Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments.
  • Own and maintain the business-line's detailed process and technical recovery plans.
  • Partner with Business Continuity Management on business-line's participation in BC/DR tests.
  • Oversee and monitor the business-line's third-party relationships, including both performance and risk management.
  • Assist the business-line in the design and build of process maps in alignment with Early Warning's Process Classification Framework. Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness.
  • Identify and self-report issues through the ERM Self-Identified Issue Process, individually and together with other LOD1 business-line members
  • Ensure risk remediation plans exist and are sufficient; track remediation plans to completion and ensure remediation is on-time and sustainable; ensure action plans and remediation of issues by Risk Owner.
  • Ensures the completion of actions plans and remediation of self-identified issues by each Issue Owner and Risk Owner.
  • Support business-line Risk Acceptance Forms (RAF) process, when applicable.
  • Support business-line leadership in managing and reporting its related risks; provide reports and explanations for use in Business Reviews, Audit or Management Committee meetings. Collaborate with Business Intelligence to design and implement risk reports for management.
  • Deliver education and awareness of risk ownership essentials.
  • Continually monitor and update assessments of the control environment, keeping abreast of significant control issues, trends and developments. Perform internal control effectiveness test plans and procedures.
  • Support the company's commitment to protect the integrity and confidentiality of systems and data.

Minimum Qualifications
  • Education and/or experience typically obtained through completion of a Bachelor's degree in Business Administration, Finance, Accounting or other related field of specialty.
  • Typically, a minimum of 8 or more years of progressive audit, operational risk or other risk management experience or other proven related business experience.
  • Good understanding of risk management and internal control leading practices within specialized area of focus.
  • Demonstrated ability to work effectively in a complex, highly regulated environment.
  • Working knowledge of regulatory requirements within specific area of focus.
  • Effective communication, organization and presentation skills.
  • Effective influence management skills.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.
Preferred Qualifications
  • Knowledge of COSO's Internal Control - Integrated Framework, or similar
  • Certification in risk management
  • First line of defense risk management experience.

Physical Requirements
Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers. Requires the ability to communicate with internal and/or external customers.
Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.
The base pay scale for this position in:
Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $104,000 - $130,000.
New York, NY/ San Francisco, CA in USD per year is: $125,000 - $156,000.
Additionally, candidates are eligible for a discretionary incentive plan and benefits.
This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.
Some of the Ways We Prioritize Your Health and Happiness
  • Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
  • 401(k) Retirement Plan - Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
  • Paid Time Off - Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
  • 12 weeks of Paid Parental Leave
  • Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

And SO much more! We continue to enhance our program, so be sure to check our Benefits page here for the latest. Our team can share more during the interview process!
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.

Apply