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Senior Quantitative Risk Analyst Jobs in Arizona

Western Alliance Bank

Model Risk Analyst

Phoenix, AZ · On-site

... SR 26 (including evaluating conceptual soundness, reviewing ongoing monitoring plans and reports ... Masters degree or greater in a quantitative field such as Statistics, Economics, Math, Physics ...

Newrez

Senior Technology Risk Analyst

Tempe, AZ · On-site

... the analyst continuously evaluates the assurance of the risk management program.The Senior ... Define qualitative and quantitative metrics to assess the success of the risk program and provide ...

US Bank

Fraud Risk Analyst

Tempe, AZ · On-site

Bancorp's Quantitative Fraud Strategy team. In this role, you will play a critical part in ... senior leadership * Ability to manage multiple priorities in a fastmoving environment ...

US Bank

Quantitative Model Analyst 3 - AML

Tempe, AZ · On-site

Prepare and present materials for audiences including senior leadership, Model Risk Management ... Experience working with quantitative models, analytics, or monitoring frameworks in a regulated ...

Osaic

Quantitative Analyst III

Scottsdale, AZ · Hybrid

$85K - $99K/yr

As a senior analyst, you will lead complex analytical efforts, partner with stakeholders across the ... quantitative role * Strong proficiency in problem solving, hypothesis-driven analysis, and ...

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Senior Quantitative Risk Analyst information

See Arizona salary details

$49.9K

$102.4K

$132.8K

How much do senior quantitative risk analyst jobs pay per year?

As of Jul 7, 2026, the average yearly pay for senior quantitative risk analyst in Arizona is $102,364.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,300.00 and $127,700.00 per year, depending on experience, location, and employer.

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

AspectSenior Quantitative Risk AnalystQuantitative Risk Analyst
Required CredentialsBachelor's or Master's in Finance, Mathematics, or related field; often with certifications like FRM or CFABachelor's or Master's in relevant fields; certifications like FRM or CFA are common but less mandatory
Work EnvironmentTypically in financial institutions, risk management teams, or investment firmsSimilar environments, often in banks, asset managers, or insurance companies
Job ResponsibilitiesLeading risk modeling, analyzing complex data, mentoring junior staffSupporting risk assessments, data analysis, and model development

The main difference lies in experience and responsibility. Senior Quantitative Risk Analysts often lead projects, mentor teams, and handle complex modeling, while Quantitative Risk Analysts focus on supporting risk analysis and data work. Both roles require similar credentials and work in comparable environments, but the senior role involves more leadership and strategic input.

What are some typical challenges faced by Senior Quantitative Risk Analysts when developing risk models, and how are they addressed within teams?

Senior Quantitative Risk Analysts often encounter challenges such as managing large, complex datasets, ensuring model accuracy, and staying compliant with evolving regulatory standards. To address these, teams typically collaborate closely, leveraging peer reviews, regular validation processes, and ongoing communication with IT and compliance departments. Additionally, senior analysts mentor junior team members and encourage a culture of continuous learning to keep up with the latest quantitative methods and regulatory requirements.

What are the key skills and qualifications needed to thrive as a Senior Quantitative Risk Analyst, and why are they important?

To thrive as a Senior Quantitative Risk Analyst, you need advanced quantitative analysis skills, a strong background in statistics, mathematics, or finance, and typically a relevant graduate degree. Proficiency in programming languages such as Python, R, or SAS, as well as experience with risk modeling software and financial databases, is crucial. Outstanding problem-solving abilities, attention to detail, and effective communication skills distinguish top performers in this role. These competencies are essential for accurately assessing financial risks, developing robust models, and clearly conveying complex findings to stakeholders.

What are Senior Quantitative Risk Analysts?

Senior Quantitative Risk Analysts are experienced professionals who use mathematical models and statistical techniques to identify, measure, and manage financial risks within an organization. They typically work in banks, investment firms, or other financial institutions, and play a key role in developing risk assessment tools, interpreting data, and advising on strategies to mitigate potential losses. In addition to their technical expertise, they often lead teams, guide junior analysts, and collaborate with other departments to ensure comprehensive risk management. Their work helps organizations make informed decisions and comply with regulatory requirements.
What are popular job titles related to Senior Quantitative Risk Analyst jobs in Arizona? For Senior Quantitative Risk Analyst jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Senior Quantitative Risk Analyst jobs in Arizona look for? The top searched job categories for Senior Quantitative Risk Analyst jobs in Arizona are:
What cities in Arizona are hiring for Senior Quantitative Risk Analyst jobs? Cities in Arizona with the most Senior Quantitative Risk Analyst job openings:
Senior Quantitative Risk Analyst jobs near you
Infographic showing various Senior Quantitative Risk Analyst job openings in Arizona as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 7% Part Time, 1% Temporary, and 4% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $102,364 per year, or $49.2 per hour.
Senior Model Risk Analyst

Senior Model Risk Analyst

Western Alliance Bank

Phoenix, AZ

Full-time

Medical, Dental, Retirement

Re-posted 3 days ago

Job description

Job Title:

Senior Model Risk Analyst

Location:

CityScape

What you'll do:

Western Alliance Bank (WAL) is seeking a Senior 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 26-2 (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:

  • Minimum of 5 years of relevant 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. For Masters degree, 5+ years of related work experience, for PhDs, 2-3 years or more related work experience.
  • Intermediate to Advanced knowledge of regulatory and legal compliance obligations, industry standards, and best practices.
  • Intermediate to Advanced 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 to Advanced 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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