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Senior Model Risk Management Jobs in Phoenix, AZ

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ

The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support ...

American Express

Senior Manager - Risk Management

Phoenix, AZ · On-site

$103.75K - $174.75K/yr

... management, Servicing, Risk Strategy, Digital Banking, technology, vendors, operations to ideate ... Flexible working model with hybrid, onsite or virtual arrangements depending on role and business ...

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Senior Model Risk Management information

See Phoenix, AZ salary details

$22.3K

$117.4K

$208.5K

How much do senior model risk management jobs pay per year?

As of May 31, 2026, the average yearly pay for senior model risk management in Phoenix, AZ is $117,420.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,900.00 and $144,000.00 per year, depending on experience, location, and employer.

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.

What are the most commonly searched types of Model Risk Management jobs in Phoenix, AZ? The most popular types of Model Risk Management jobs in Phoenix, AZ are:
What are popular job titles related to Senior Model Risk Management jobs in Phoenix, AZ? For Senior Model Risk Management jobs in Phoenix, AZ, the most frequently searched job titles are:
What job categories do people searching Senior Model Risk Management jobs in Phoenix, AZ look for? The top searched job categories for Senior Model Risk Management jobs in Phoenix, AZ are:
What cities near Phoenix, AZ are hiring for Senior Model Risk Management jobs? Cities near Phoenix, AZ with the most Senior Model Risk Management job openings:
Senior Model Risk Management jobs near you
Infographic showing various Senior Model Risk Management job openings in Phoenix, AZ as of May 2026, with employment types broken down into 3% As Needed, 83% Full Time, 10% Part Time, 1% Temporary, and 3% Contract. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $117,420 per year, or $56.5 per hour.

Manager, Model Risk Management

Global Credit Union

Glendale, AZ • On-site

$100.33K - $172.57K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Global Credit Union rating

8.8

Company rating: 8.8 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

Job description

Overview
Reports to: Senior Manager, Enterprise Risk
Functions Supervised: Model Risk Management
Primary Functions: Responsible for the development and implementation of model risk policies, procedures, and processes in line with industry standards and regulatory best practices.
Duties and Responsibilities:
  1. Coordinate with First Line risk and compliance teams to facilitate model risk management practices and execution of the credit union's Model Risk Management program. Identify and maintain model inventories, conduct risk assessments, and develop model risk metrics. Monitor, report and communicate model risk findings.
  2. Provide independent second-line assessment and effective challenge in the credit union's capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, and credit, based on the credit union's risk profile. Coordinate with third parties on their model validation.
  3. Independently conduct hands-on validation and testing throughout the model development process
  4. Partner with subject matter experts and leaders to ensure execution of requisite control activities.
  5. Keep track of the remediation progress and final validation before closure in the credit union's GRC platform, LogicManager.
  6. Enhance policies and procedures, assist with model governance activities.
  7. Produce model risk reports for applicable committees and senior/executive management.
  8. Research, develop, and maintain knowledge and skills through completion of continuing education and training pertinent to the position.
  9. Participate as needed on special projects and other duties as assigned.

Qualifications
Education: Bachelor's degree in mathematics, statistics, information technology, business, economics, finance, or related fields.
Creditable Experience in Lieu of Education: Not Applicable
Experience/Skills: 5+ years' experience in risk management processes, model development / validation, consulting, banking or other financial services industries.
Experience in a similar position with direct experience in model risk management, financial analysis regulatory compliance, enterprise risk management, and second-line challenge functions. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Ability to communicate/influence complex issues. Flexible approach to new projects, requirements, and workplace
demands. Familiar with modelling tools and methodologies used in the industry. Ability to think outside the box, and design scalable, efficient solutions.
Tenure: Not Applicable
Compensation
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.
Salary Pay Range: 06
$100,331 - $172,572 annually
Benefits
  • Short-term and long-term incentives
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Employee Assistance Program (EAP)
  • Life and disability coverage
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Tuition Reimbursement
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Click here to view Global's comprehensive Benefits Programs

Equal Opportunity Employer

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