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Quantitative Risk Analyst Jobs in Arizona (NOW HIRING)

PNC Bank

LOB Risk Lead

Phoenix, AZ · On-site

Develops and mentors technology risk professionals while building organizational capabilities in quantitative risk analysis and risk-informed decision making. Risk Quantification Responsibilities:

US Bank

Fraud Risk Analyst

Tempe, AZ

... another quantitative field. Extensive data analytics experience in fraud analytics, fraud ... risk management, financial services, cybersecurity, or a related field, and experience translating ...

USAA

Senior Analyst, Credit Risk Strategy

Phoenix, AZ · On-site

Credit Risk Analyst Seniors use quantitative methods to identify credit risk, develop and deliver credit strategies, and monitor credit performance for consumer credit portfolios to optimize ...

US Bank

Fraud Risk Analyst

Tempe, AZ

In this role, you will analyze complex data, identify emerging fraud trends, and develop strategies ... Bachelor's degree in Quantitative field; Master's degree a plus This role requires working from a U.

Linesight

Scheduling Lead

Tempe, AZ

$126K - $176K/yr

Attend Risk Analysis workshops and support the QRA process * Resource load schedules as required by ... Have demonstrated quantitative risk assessment (QRA) experience on life sciences or mission ...

Linesight

Scheduling Lead

Tempe, AZ · On-site

$126K - $176K/yr

Attend Risk Analysis workshops and support the QRA process * Resource load schedules as required by ... Have demonstrated quantitative risk assessment (QRA) experience on life sciences or mission ...

Linesight

Scheduling Lead

Tempe, AZ · On-site

$126K - $176K/yr

Attend Risk Analysis workshops and support the QRA process * Resource load schedules as required by ... Have demonstrated quantitative risk assessment (QRA) experience on life sciences or mission ...

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All JobsQuantitative Risk Analyst JobsQuantitative Risk Analyst Jobs in Arizona

Quantitative Risk Analyst information

See Arizona salary details

$52.7K

$124.8K

$223.7K

How much do quantitative risk analyst jobs pay per year?

As of Aug 19, 2026, the average yearly pay for quantitative risk analyst in Arizona is $124,759.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,900.00 and $135,600.00 per year, depending on experience, location, and employer.

What is a quantitative risk analyst?

A Quantitative Risk Analyst is a professional who uses mathematical models, statistical techniques, and data analysis to assess and manage financial risks within an organization. They typically evaluate potential losses from market movements, credit defaults, or operational failures and help develop strategies to mitigate those risks. Their work is crucial in industries such as banking, investment, insurance, and asset management, where understanding and controlling risk is essential for financial stability and compliance. Quantitative Risk Analysts often work with complex financial instruments and large datasets, requiring strong analytical and programming skills.

What are the key skills and qualifications needed to thrive as a quantitative risk analyst?

To thrive as a Quantitative Risk Analyst, you need strong analytical and mathematical skills, experience with statistical modeling, and typically a degree in finance, mathematics, statistics, or a related field. Proficiency in programming languages such as Python, R, or MATLAB, and familiarity with risk management systems and financial databases are important technical requirements. Attention to detail, problem-solving abilities, and effective communication are vital soft skills for explaining complex analyses to stakeholders. These skills are crucial for accurately identifying, measuring, and mitigating financial risks in dynamic market environments.

What are some common challenges a quantitative risk analyst faces when integrating new data sources into risk models?

Quantitative Risk Analysts often encounter challenges related to data quality, consistency, and compatibility when integrating new data sources into risk models. Ensuring that the data is accurate, timely, and relevant requires rigorous validation and sometimes complex data cleaning processes. Additionally, analysts must adapt existing risk models to accommodate new variables, which may involve re-calibrating parameters or even restructuring parts of the model. Effective collaboration with IT and data engineering teams is essential to streamline data integration and maintain model reliability.

What is the difference between Quantitative Risk Analyst vs Credit Risk Analyst?

AspectQuantitative Risk AnalystCredit Risk Analyst
Required CredentialsDegree in finance, economics, or mathematics; certifications like FRM or CFADegree in finance, economics, or related; certifications like FRM or CFA often preferred
Work EnvironmentFinancial institutions, investment firms, risk management departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors for risk modeling and analysisPrimarily in banking and lending for assessing creditworthiness
Comparison Search IntentUnderstanding differences in risk analysis rolesDistinguishing credit-specific risk roles from broader risk analysis

While both roles involve risk assessment and require similar credentials, a Quantitative Risk Analyst focuses on modeling and analyzing various financial risks using quantitative methods across multiple risk types. In contrast, a Credit Risk Analyst specializes in evaluating creditworthiness and managing credit risk specifically within lending and banking sectors.

What are the most commonly searched types of Quantitative Risk Analyst jobs in Arizona?

The most popular types of Quantitative Risk Analyst jobs in Arizona are:

What are popular job titles related to Quantitative Risk Analyst jobs in Arizona?

For Quantitative Risk Analyst jobs in Arizona, the most frequently searched job titles are:

What job categories do people searching Quantitative Risk Analyst jobs in Arizona look for?

The top searched job categories for Quantitative Risk Analyst jobs in Arizona are:

Quantitative Risk Analyst jobs near you
Infographic showing various Quantitative Risk Analyst job openings in Arizona as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, 2% Temporary, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $124,759 per year, or $60 per hour.

Model Risk Analyst

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Re-posted 15 days ago

Job description

Job Title:
Model Risk Analyst
Location:
CityScape
What you'll do:
Western Alliance Bank (WAL) is seeking a Model Risk Analyst to join its Model Risk Management Group. Being part of the Model Risk team will put you at the center of the firm's model validation and governance activities with exposure to a wide variety of model types and cutting edge modeling techniques. In this role, you will help identify, assess, mitigate, and monitor model risk, while contributing to the ongoing development of the bank's Model Risk Management program.
  • Apply statistical, financial, economic, and business expertise to conduct independent model validation activities in accordance with the bank's Model Risk Management Policy and Federal Reserve SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports, and conducting outcomes analysis and benchmarking etc.).
  • Prepare comprehensive model validation reports and presentations.
  • Aid in model governance activities including enhancing policies and procedures, maintaining model and critical spreadsheet inventories, managing issues/findings, and producing quarterly reporting.
  • Stay current with research and trends in statistical modeling and model risk management.

What you'll need:
  • Preferred PhD or 3+ years of related work experience in validating and/or developing the types of models used in the financial services industry.
  • Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics, Engineering or Finance.
  • Intermediate knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
  • Intermediate project management skills and ability to manage multiple projects independently.
  • Intermediate to Advanced quantitative modeling, analytical, research, and programming skills.
  • Intermediate to Advanced experience with Python, R, or SAS, with hands-on experience in SQL.
  • Intermediate verbal and written communication skills.
  • Knowledge of general banking operations, including deposit operations, loan administration, treasury management, and other commercial banking products and services preferred.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation

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