Model Risk Management Salaries in Utah
How Much Does a Model Risk Management Make in Utah?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Model Risk Management in Utah is $122,897.
While Salary.com is seeing that Model Risk Management salary in UT can go up to $149,891
or down to $95,662, but most earn between $108,641 and $137,027.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Model Risk Management
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Similar Job Salaries to Model Risk Management by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
SoFi
Threat Intelligence: AML Risk and Model Oversight
|
$79,393/yr
|
RANGE: $70,844 - $87,943
|
|
Sud Recruiting
VP, Model Risk Management
|
$146,369/yr
|
RANGE: $133,113 - $159,625
|
|
SoFi
Director, Model Risk Management
|
$146,510/yr
|
RANGE: $133,303 - $159,716
|
|
Webster Bank
Model Risk Management, Director
|
$118,349/yr
|
RANGE: $107,502 - $129,196
|
|
Tbwa Chiat/Day Inc
Head of Model Risk Management
|
$96,622/yr
|
RANGE: $88,511 - $104,733
|
|
UNITED COMMUNITY BANK
Director of Model Risk Management
|
$122,675/yr
|
RANGE: $111,617 - $133,733
|
|
Athene Holding Ltd.
VP Model Risk Management
|
$158,352/yr
|
RANGE: $142,863 - $173,842
|
|
First Hawaiian Bank
Model Risk Management Officer
|
$90,725/yr
|
RANGE: $81,942 - $99,508
|
Top 10 Highest Paying Cities For Model Risk Management Jobs in Utah
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Model Risk Management can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Model Risk Management job salaries in Utah.
Some cities can pay higher salaries for Model Risk Management jobs, which can indicate that there is a large demand for Model Risk Management positions in this city.
The following table shows top 10 cities where the Model Risk Management salary is higher than other cities in Utah.
Salt Lake City takes first place in this list, followed by Sandy, West Jordan.
The Model Risk Management salary is $125,592 in Salt Lake City,
which is lower than the national average. There is 0 city's Model Risk Management salary higher than national average in Utah.
The average salary for a Model Risk Management in Utah is $122,897,
but we found that the city with the highest salary for Model Risk Management jobs is Salt Lake City, UT, and it is higher than Sandy.
Model Risk Management jobs in Salt Lake City can have the opportunity to earn higher salaries than in other cities in Utah.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Salt Lake City | $125,592 | $10,466 | $2,415 | $60 |
| Sandy | $125,258 | $10,438 | $2,409 | $60 |
| West Jordan | $125,143 | $10,429 | $2,407 | $60 |
| South Jordan | $125,040 | $10,420 | $2,405 | $60 |
| Saint George | $124,052 | $10,338 | $2,386 | $60 |
| Ogden | $120,561 | $10,047 | $2,318 | $58 |
| Layton | $120,112 | $10,009 | $2,310 | $58 |
| Provo | $119,547 | $9,962 | $2,299 | $57 |
| Orem | $119,547 | $9,962 | $2,299 | $57 |
| Lehi | $118,995 | $9,916 | $2,288 | $57 |
What Does a Model Risk Management Do?
Nearly three-quarters of banks said they are understaffed in MRM, so the importance of adjusting the model risk function to favor talent acquisition and retention has become pronounced.
Updated October 25, 2021
Before advancing on what Model Risk Management is, it is imperative to first understand what a model is.
Updated December 22, 2021
The COVID-19 pandemic has affected the performance of models globally, including traditional financial-risk models, such as those for credit risk, as well as models for nonfinancial risk, such as fraud management.
Updated December 22, 2021
Reporting thereby becomes meaningful, as senior managers get an exhaustive view on model risk beyond the technicalities—one with a real risk perspective.
Updated December 19, 2021
Of banks globally reported that credit-risk models were the most affected by the COVID-19 business environment.
Updated December 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Model Risk Management Salaries
What is the average of a Model Risk Management in Utah?
The Model Risk Management salary range is from $108,641 to $137,027, and the average Model Risk Management salary is $122,897/year in Utah.
The Model Risk Management's salary will change in different locations.
Which location pays the highest Model Risk Management salary in the United States?
The Model Risk Management salary in San Jose, CA is $161,873
which is the highest in the US.
What kinds of reasons will influence the Model Risk Management's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Model Risk Management.
What is the growth rate of the Model Risk Management's salary?
If you are thinking of becoming a Model Risk Management or planning the next step in your career, find the detailed salary report of a Model Risk Management.
