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Risk Analyst Jobs in Arizona (NOW HIRING)

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

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 ...

US Bank

Fraud Risk Analyst

Tempe, AZ · On-site

The Fraud Risk Analyst develops data-driven insights and strategies that strengthen fraud prevention, detection, and operational performance across deposits, payments, digital, authentication, and ...

US Bank

Fraud Risk Analyst

Tempe, AZ · On-site

Collaborate closely with operations, technology, risk management, and crossfunctional teams to validate rule effectiveness, conduct rootcause analysis, and ensure alignment with compliance and ...

US Bank

Fraud Risk Analyst

Tempe, AZ · On-site

We are hiring for an exciting opportunity as a Fraud Risk Analyst 4 within U.S. Bancorp's Quantitative Fraud Strategy team. In this role, you will play a critical part in analyzing complex data and ...

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 ...

Bank of America

Risk Process Analyst

Phoenix, AZ · On-site

$65K - $87K/yr

The role works closely with business partners, risk managers, and testing teams to support test development, test execution, results analysis, and reporting activities. Job expectations include ...

Bank of America

Risk Process Analyst

Chandler, AZ · On-site

$65K - $87K/yr

The role works closely with business partners, risk managers, and testing teams to support test development, test execution, results analysis, and reporting activities. Job expectations include ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ

$80K - $128K/yr

The Risk and Vulnerability Analyst supports a 24x7 Security Operations Center (SOC) by identifying, analyzing, and prioritizing vulnerabilities and security risks across enterprise, cloud, and ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

The Risk and Vulnerability Analyst supports a 24x7 Security Operations Center (SOC) by identifying, analyzing, and prioritizing vulnerabilities and security risks across enterprise, cloud, and ...

Peraton

Risk and Vulnerability Analyst

Chandler, AZ · On-site

$80K - $128K/yr

The Risk and Vulnerability Analyst supports a 24x7 Security Operations Center (SOC) by identifying, analyzing, and prioritizing vulnerabilities and security risks across enterprise, cloud, and ...

Peraton

Senior Risk and Vulnerability Analyst

Chandler, AZ · On-site

$104K - $166K/yr

The Senior Risk and Vulnerability Analyst supports a 24x7 Security Operations Center (SOC) by identifying, analyzing, and prioritizing vulnerabilities and security risks across enterprise, cloud, and ...

Peraton

Senior Risk and Vulnerability Analyst

Chandler, AZ · On-site

$104K - $166K/yr

The Senior Risk and Vulnerability Analyst supports a 24x7 Security Operations Center (SOC) by identifying, analyzing, and prioritizing vulnerabilities and security risks across enterprise, cloud, and ...

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Risk Analyst information

See Arizona salary details

$14

$37

$61

How much do risk analyst jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for risk analyst in Arizona is $37.73, according to ZipRecruiter salary data. Most workers in this role earn between $27.79 and $45.91 per hour, depending on experience, location, and employer.

What is a risk analyst?

Risk analysts evaluate an organization’s investment portfolio and other business ventures to identify potential losses and find ways to reduce or eliminate those issues. They predict which investments may be a financial risk to the company and suggest alternative funds to purchase instead. Strategies for limiting risk include diversification, currency exchange, and other consistent growth stocks. This career is a high-pressure job since it often involves the handling of large amounts of money and investments, and analysts need to have a strong understanding of the financial market and what risk factors may affect clients.

What does a risk analyst do?

A Risk Analyst is responsible for identifying, assessing, and mitigating potential risks that could negatively impact an organization’s financial standing or operations. They analyze data, evaluate potential threats, and recommend strategies to minimize or manage risks. Risk Analysts often work in industries such as finance, insurance, and consulting, and use various tools and models to support decision-making processes. Their work helps organizations make informed choices and maintain compliance with regulatory requirements.

What are the key skills and qualifications needed to thrive as a risk analyst, and why are they important?

To thrive as a Risk Analyst, you need strong analytical abilities, quantitative skills, and a background in finance, economics, or a related field—often supported by a bachelor's degree. Familiarity with risk modeling tools (such as SAS, R, or Excel), data analysis software, and sometimes certifications like FRM or CFA is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies enable accurate risk assessment and informed decision-making, which are essential for minimizing potential losses and supporting organizational stability.

How does a risk analyst typically collaborate with other departments to manage organizational risk?

Risk Analysts frequently work cross-functionally, partnering with departments like finance, compliance, operations, and IT to identify and assess potential risks. They gather insights from various teams to develop comprehensive risk profiles and recommend mitigation strategies tailored to each area. Effective communication and collaboration are essential, as Risk Analysts must align their analyses with organizational objectives and ensure all stakeholders understand the impact and likelihood of risks. This collaborative environment also offers valuable opportunities to expand professional networks and gain broad organizational knowledge.

What is the difference between Risk Analyst vs Credit Analyst?

AspectRisk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA or credit-specific courses
Work EnvironmentFinancial institutions, consulting firms, insurance companiesBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across various industries to assess overall riskPrimarily in banking and lending sectors to evaluate creditworthiness

While both Risk Analysts and Credit Analysts assess financial data, Risk Analysts focus on identifying and mitigating overall risks across an organization, whereas Credit Analysts specifically evaluate the creditworthiness of individuals or companies for lending decisions.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts with certifications like FRM or CFA can earn higher salaries, especially in financial or corporate sectors.

Is risk analyst a hard job?

Risk analysts evaluate potential risks to organizations by analyzing data, financial models, and industry trends, which requires strong analytical skills and attention to detail. The job can be demanding due to tight deadlines, complex problem-solving, and the need for continuous learning of industry regulations and tools like Excel or risk management software.

What qualifications do I need to be a risk analyst?

A risk analyst typically needs a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency with data analysis tools like Excel or specialized software, and knowledge of risk management principles are also important; professional certifications such as FRM or CRM can enhance job prospects.
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Risk Analyst jobs near you
Infographic showing various 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 $78,474 per year, or $37.7 per hour.

Model Risk Analyst

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Re-posted 14 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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