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Senior Model Risk Management Jobs in Utah (NOW HIRING)

Western Ag Credit

Risk Analyst

Spanish Fork, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

Spanish Fork, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT · On-site

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

Western Ag Credit

Risk Analyst

South Jordan, UT

$57K - $85K/yr

Conduct risk analysis and modeling to inform corporate business planning and management decision making. * Contribute to the development, implementation, and/or maintenance of appropriate reporting ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

SoFi

Fraud Model Analyst

Cottonwood Heights, UT · On-site

This individual will partner closely with Model Risk Management (MRM), Legal, Compliance, Fraud Strategy, and external vendors to support onboarding, validation, and ongoing monitoring of vendor ...

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Senior Model Risk Management information

What is the difference between Senior Model Risk Management vs Model Validation Analyst?

AspectSenior Model Risk ManagementModel Validation Analyst
CredentialsAdvanced degrees in finance, statistics, or related fields; certifications like FRM or CFASimilar credentials; often holds CFA, FRM, or related certifications
Work EnvironmentStrategic oversight, risk assessment, policy development within financial institutionsHands-on model testing, validation, and documentation in quantitative teams
Industry UsageUsed across banking, insurance, asset management for risk governancePrimarily in banking and financial services for model validation roles

While both roles require quantitative expertise and relevant certifications, Senior Model Risk Management focuses on overseeing and managing model risks at a strategic level, whereas Model Validation Analysts concentrate on testing and validating models to ensure accuracy and compliance.

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Senior Model Risk Management jobs near you
Director of Model Validation

Director of Model Validation

First Electronic Bank

Salt Lake City, UT • On-site

$16.75 - $23/hr

Full-time

Posted 21 days ago

Job description

Description:

At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB’s engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.


We’re looking for a Director of Model Validation to lead the Model Risk Management (MRM) function and ensure the integrity and performance of the models that power our lending products with our Strategic Partners. In this role, you’ll lead the department and set the directive for the Bank to oversee the validation of models and strategies used to underwrite products like small business loans, credit cards, and personal unsecured installment loans and lines of credit.


Reporting to the Head of Credit Risk and Portfolio Analytics, you’ll set the strategic direction for model governance and validation across our FinTech partnerships—covering products like small business loans, credit cards, and personal installment loans.

This is a high-impact leadership role where you’ll shape policy, manage a talented team, and collaborate with internal and external stakeholders to ensure regulatory compliance and model excellence.


What You’ll Do:

  • Own and manage the Bank Strategic Partner Model Risk Management function, including Model Governance policies and procedures.
  • Continuously enhance processes and controls to ensure compliance with regulatory requirements.
  • Mentor, develop and lead a team of Model Validation Analysts and Managers responsible for validation credit risk, fraud detection, and behavioral credit models across our Fintech partnerships.
  • Oversee and maintain the internal model inventory for the Strategic Partner products.
  • Lead and improve loan portfolio performance monitoring processes using data feeds and visualization tools such as PowerBI.
  • Collaborate with external data science and modeling teams, providing guidance on model development and ensuring thorough documentation and adherence to Model Risk Management standards.
  • Partner with Compliance to define and strengthen standards that ensure fair lending practices and regulatory compliance.
  • Support due diligence efforts by assigning model validation subject matter experts to the process.
  • Serve as primary point of contact during regulatory exams (FDIC, UDFI) for model risk management activities.
  • Work with external vendors and legal counsel to validate modeling techniques and align with industry best practices.
  • Participate in Bank Committees and Advisory Groups to provide strategic input on model risk initiatives.
Requirements:

What We’re Looking For:

  • Advanced degree in a quantitative field or equivalent practical experience in data science, statistical modeling, or quantitative analysis.
  • 5+ years of experience in regulated banking or financial services industry.
  • 3+ years of direct people management experience in a quantitative discipline.
  • Strong knowledge of regulatory requirements for model risk management (SR 11-7).
  • Experience participating in, or leading, supervised regulatory exams.
  • Proven experience developing and validating statistical and machine learning models for credit risk.
  • Excellent communication skills, with the ability to translate complex technical concepts into clear, actionable insights for diverse audiences.
  • Experience presenting to executive leadership and supporting strategic committees.
  • Adaptable, collaborative mindset—ready to thrive in a fast-paced growing organization.
  • Proficiency in programming languages such as Python, R, SAS, or SQL a plus.