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Weekend Model Risk Management Jobs in Phoenix, AZ

Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes and peer reviews technical documents for knowledge persistence, risk ...

Develops and deploys models within the Model Development Control (MDC) and Model Risk Management (MRM) framework. * Composes, and assists peers with composing, technical documents for knowledge ...

Those in enterprise risk management at PwC will focus on identifying and mitigating potential risks ... Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit ...

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Weekend Model Risk Management information

See Phoenix, AZ salary details

$51.1K

$110.8K

$168.8K

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

As of May 31, 2026, the average yearly pay for weekend model risk management in Phoenix, AZ is $110,765.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,400.00 and $128,100.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Weekend Model Risk Management, and why are they important?

To thrive in Weekend Model Risk Management, you need a solid background in quantitative analysis, statistics, and risk management, typically supported by a degree in finance, mathematics, or a related field. Familiarity with risk management frameworks, financial modeling software (such as SAS, Python, or R), and regulatory guidelines is crucial. Strong analytical thinking, attention to detail, and effective communication skills help differentiate top performers in this role. These skills ensure accurate risk assessment, compliance with regulations, and the ability to communicate complex findings to stakeholders even during off-peak hours.

What are some unique challenges faced by professionals working in Weekend Model Risk Management roles?

Professionals in Weekend Model Risk Management often face the challenge of addressing urgent model validation or risk assessment tasks outside of standard business hours, which requires strong time management and clear communication with weekday teams. Since model risk issues can arise unexpectedly, weekend teams must be adept at quickly assessing model performance, documenting findings, and escalating concerns as needed. Additionally, collaboration with cross-functional teams—such as compliance, IT, and front-office staff—is essential to ensure continuity of oversight and to resolve issues that may impact critical business decisions before the next trading week. This role offers exposure to a range of models and scenarios, helping build expertise and visibility within risk management functions.

What is Weekend Model Risk Management?

Weekend Model Risk Management refers to the process of identifying, assessing, and mitigating risks associated with financial and statistical models specifically over weekends or during non-standard business hours. This role is crucial for institutions that operate globally or require continuous monitoring to ensure models function properly and remain compliant even when regular staff may be unavailable. Weekend Model Risk Management professionals review model performance, validate data, and implement controls to prevent errors or breaches during off-peak times. Their work helps maintain the integrity and reliability of models used for trading, risk assessment, and decision-making.

What is the difference between Weekend Model Risk Management vs Weekend Quantitative Analyst?

AspectWeekend Model Risk ManagementWeekend Quantitative Analyst
CredentialsTypically requires risk management certifications, finance or quantitative degreesRequires quantitative degrees, often with programming skills
Work EnvironmentFocuses on risk assessment, model validation, complianceInvolves data analysis, model development, financial modeling
Industry UsageCommon in banking, asset management, financial institutionsCommon in hedge funds, investment banks, trading firms

Weekend Model Risk Management professionals focus on identifying and mitigating risks associated with financial models, ensuring compliance and accuracy. Weekend Quantitative Analysts primarily develop and analyze models to support trading and investment decisions. While both roles require quantitative skills and finance knowledge, their core responsibilities differ: risk management emphasizes validation and oversight, whereas quantitative analysis centers on model creation and optimization.

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:
Senior Consultant, Due Diligence - Third Party Risk Management

Senior Consultant, Due Diligence - Third Party Risk Management

Northern Trust

Tempe, AZ • On-site

Full-time

Posted 12 days ago


Northern Trust rating

7.7

Company rating: 7.7 out of 10

Based on 22 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Third Party Program Execution / Program Management
NT's Chief Procurement Officer's team for Third Party Management (TPMO) is responsible for design and execution of the Third Party risk management program in line with regulatory expectations, NT's Third Party Risk Management Policy, and Third Party Practice Standard.
We are in a phase of growth and transformation. While you'll be hired for a specific role, your role may evolve as we scale - expanding into areas aligned with your strengths and program needs. We're looking for partners who thrive in change, think like problem solvers, and bring skills in project management, process management, and change leadership.
If you're excited to grow with us and pivot when needed, you may be a fit for this role.
This role will report to one of several team managers within the TPMO, which is the 1st line of defense for third party risk. Primarily, you will work closely with the TPMO team manager to assist in strategy and design decisions, business as usual process improvement and/or the direct execution or indirect execution (directing others on how to execute) of the program as per the Third Party Standard.
The role holder will be an expert in Third Party Risk Management and would be well versed in execution aspect of the program related to the entire lifecycle of third party engagements. This is a central role interacting with business units, 2nd line of defense, other team leads and offshore quality control team.
Major Duties:
  • Responsible for tracking program throughput through the various third party management life cycle elements (Planning, IRQs, DDQs, Ongoing Monitoring, Contracting and Termination), periodic inventory review, open issues and open risk acceptance review and tracking of all internal projects
  • Primary area of focus will be in the Onboarding and Due Diligence activities and on the execution of both initial and re-assessments of risks related to third parties.
  • Responsible for designing and periodically reviewing program related artifacts, risk methodologies, service categories and associated risk profile, reporting thresholds etc.
  • Accountable for assisting and guiding business partners through various stages of third party lifecycle to ensure quality program execution
  • Identify gaps and drive continuous improvement across the TPRM lifecycle (e.g., onboarding, due diligence, monitoring, offboarding)
  • Suggest and participate in improvement projects that automate or streamline repetitive tasks (e.g., through Coupa tools or workflow automation platforms).
  • Maintain strong documentation and evidence of controls, risk decisions, and remediations.
  • Track milestones, dependencies, and deliverables across projects and/or an assigned portfolio of relationships
  • Engage with risk domain SME's, vendors and vendor relationship managers
  • Serve as the point of contact for program performance updates, risk issue escalations, and regulatory reviews
  • Responsible for engaging with and assisting 2LOD partners by providing business users' input for 2LOD deliverables
  • Use dashboards and key risk indicators (KRIs) to monitor third-party risk posture and performance and determine areas of focus
  • Report progress to the board, risk committees, and regulators as needed
  • Participate in cross-functional teams associated with Third Party program requirements in areas such as design & strategy, enterprise critical vendor management, and other SMEs related subjects.

Knowledge/Skills
  • Proven track record managing vendor risk and/or leading large-scale risk or compliance initiatives.
  • Expertise in third-party risk frameworks and regulatory requirements.
  • Experience with tools such as Coupa, ServiceNow, Cybeta, Interos or similar.
  • Strong organizational skills.
  • Ability to influence activities across multiple teams and across business units
  • Outstanding writing, communication, and presentation skills
  • Sound analytical and problem-solving skills
  • Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding

Experience
  • Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
  • A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting
  • Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)
  • A TPRM related certification such as CTPRP or CTPRA

Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
About Our Tempe Office
The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise and innovation through our diverse talent. Learn more.

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