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Senior Model Risk Management Jobs in Phoenix, AZ

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ

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 ...

ASRC

Senior Risk Management Analyst

Tempe, AZ

Arctic Slope Regional Corporation has an immediate opening for a Senior Risk Management Analyst on ... In addition to our core competency model, our framework includes competencies specific to the ...

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 ...

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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 Jul 26, 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 July 2026, with employment types broken down into 100% Full Time. Highlights an 66% In-person, 17% Hybrid, and 17% Remote job distribution, with an average salary of $117,420 per year, or $56.5 per hour.
Senior Model Risk Manager

Senior Model Risk Manager

Western Alliance Bancorporation

Phoenix, AZ • On-site

Full-time

Medical, Dental, Retirement

Posted 7 days ago

Job description

Job Title:
Senior Model Risk Manager
Location:
CityScape
What you'll do:
As a Senior Model Risk Manager you'll provide effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities. You'll develop, implement, and maintain a robust model risk management framework, ensuring it aligns with industry best practices and regulatory requirements. You'll oversee and conduct model validation activities, including assessing model accuracy, stability, and suitability for intended use. You'll establish and maintain model governance policies and procedures as well as communicate model risk information to stakeholders, including senior management, business units, and regulators.
  • Analyze model data, identify trends, and interpret results to inform risk management decisions.
  • Work collaboratively with model developers, business users, and other stakeholders to ensure effective model risk management.
  • Prepare model risk information reports and any other ad-hoc reports as required and develop risk management controls and procedures.
  • Employ techniques and practices that will identify, measure and mitigate model risks.
  • Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

What you'll need:
  • 8+ years of related experience in Finance (GL Mgmt., Public Reporting, Analysis) or similar field.
  • Masters or MBA in related field required; PhD in related field preferred.
  • Previous leadership experience preferred.
  • Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
  • Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced to expert knowledge of formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve.
  • Advanced to expert knowledge of stress testing concepts and related regulatory guidance (such as the Fed Letter SR11-7).
  • Advanced speaking and writing communication skills.
  • Occasional travel required.

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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