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Associate Quantitative Risk Analyst Jobs in Connecticut

Risk Analyst

Hartford, CT · On-site

$70K - $90K/yr

Bachelor's degree in actuarial science, finance, risk management, or a related quantitative field * Minimum of 1 year of experience in insurance, asset management or financial analytics * Strong ...

The Summer Analyst will contribute to a variety of the Risk team's functions and gain practical ... Provide quantitative support to risk managers, including monitoring of investment risk and market ...

The Summer Analyst will contribute to a variety of the Risk team's functions and gain practical ... Provide quantitative support to risk managers, including monitoring of investment risk and market ...

Quantitative Researcher - Systematic Commodities Trading We are partnering with a leading ... risk environments * Experience analyzing weather patterns, geopolitical developments, and other ...

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Associate Quantitative Risk Analyst information

What does a quantitative risk analyst do?

A quantitative risk analyst evaluates financial risks using mathematical models and statistical techniques to identify potential losses and inform decision-making. They analyze data, develop risk assessment tools, and often use software like Excel, R, or Python to support risk management strategies. Strong analytical skills and knowledge of finance and statistics are essential for this role.

What are some common challenges faced by Associate Quantitative Risk Analysts in their first year, and how can they overcome them?

In their first year, Associate Quantitative Risk Analysts often encounter challenges such as adapting to complex financial models, learning to interpret large datasets, and effectively communicating technical findings to non-technical stakeholders. Navigating regulatory requirements and understanding the company's risk management framework can also be demanding. To overcome these obstacles, new analysts should proactively seek mentorship, participate in team discussions, and leverage internal training resources to build both technical and soft skills. Regular collaboration with colleagues in risk, finance, and IT departments can also provide valuable insights and accelerate professional growth.

Is a quant analyst a high paying job?

A quantitative risk analyst typically earns a competitive salary, especially in finance and investment firms, with compensation often increasing with experience, advanced degrees, and specialized skills in programming and statistical analysis. While salaries vary by location and employer, the role is generally considered well-paying within the finance industry.

What is the difference between Associate Quantitative Risk Analyst vs Credit Risk Analyst?

AspectAssociate Quantitative Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's in finance, economics, or related field; often some familiarity with quantitative methodsBachelor's in finance, economics, or related field; certifications like CFA or FRM are common
Work EnvironmentFinancial institutions, risk management teams, quantitative departmentsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk modeling, data analysis, and quantitative assessmentsFocuses on assessing creditworthiness and loan risk

The Associate Quantitative Risk Analyst primarily focuses on developing models and analyzing data to measure financial risks, often working with quantitative tools. In contrast, a Credit Risk Analyst concentrates on evaluating the creditworthiness of borrowers and managing credit risk. While both roles require similar educational backgrounds and work within financial institutions, their core responsibilities differ—one emphasizes quantitative modeling, the other credit assessment.

How much does a quant risk analyst make?

The average salary for a quantitative risk analyst at Morgan Stanley is typically between $80,000 and $150,000 annually, depending on experience, location, and level of seniority. Entry-level positions may start lower, while experienced analysts with advanced skills in programming and risk modeling can earn higher compensation, often supplemented with bonuses and benefits.

What is the salary of a quant risk analyst?

The salary of a quantitative risk analyst typically ranges from $70,000 to $150,000 annually, depending on experience, location, and the complexity of the role. Entry-level positions may start lower, while experienced analysts with advanced skills in programming and risk modeling can earn higher compensation, often supplemented with bonuses and benefits.

What are Associate Quantitative Risk Analysts?

Associate Quantitative Risk Analysts are entry- to mid-level professionals who help financial institutions and organizations assess and manage risk using mathematical models and statistical techniques. They analyze data to identify potential risks, develop risk management strategies, and support decision-making processes. Their work often involves using quantitative software, working with large datasets, and collaborating with other risk management and finance professionals. Typically, they have backgrounds in mathematics, statistics, finance, or related fields.

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

To thrive as an Associate Quantitative Risk Analyst, you need a strong background in mathematics, statistics, finance, and data analysis, typically supported by a relevant degree such as in finance, mathematics, or economics. Familiarity with statistical software (like R, SAS, or Python), financial modeling tools, and possibly certifications such as FRM or CFA is highly valuable. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting complex data and presenting findings. These competencies are essential for accurately assessing financial risks and supporting informed decision-making in risk management environments.
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What cities in Connecticut are hiring for Associate Quantitative Risk Analyst jobs? Cities in Connecticut with the most Associate Quantitative Risk Analyst job openings:
Associate, Quantitative Power Analyst

Associate, Quantitative Power Analyst

Castleton Commodities International LLC

Stamford, CT • On-site

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 29 days ago


Job description

Castleton Commodities International is seeking a Quantitative Power Analyst to provide in-depth analysis of the US energy markets, with a specific focus on Power, Natural Gas, and Renewables. The Quantitative Power Analyst will create, maintain, and enhance fundamental supply and demand models, power flow models, and pricing models that deliver actionable insights to the trading teams. This opportunity offers meaningful exposure to US energy trading operations and the potential to develop toward risk-taking responsibilities.

Responsibilities:

  • ConductresearchandanalysisofthePower,NaturalGas,andRenewablemarketstodirectlysupporttradingactivities.

  • Reportandcommunicatedatatobothresearchanalystsandrisktakers,exploringrelationshipsbetweenpriceandfundamentals

  • UtilizeDayzersoftwaretobuild,maintain,andanalyzepowerflowmodelsforPJMandERCOT,incorporatingassumptionsrelatedtogeneration,load,outages,transmissionconstraints,congestion,renewableoutput,andmarkettopology.

  • AnalyzeDayzermodeloutputstoevaluatecongestion,locationalmarginalpricing,basisrisk,transmissionconstraints,andothermarketfundamentalsrelevanttotradingstrategies.

  • SupportscenarioanalysisusingDayzerandotheranalyticaltoolstoassesstheimpactofchangingmarketconditions,generationavailability,fuelprices,transmissionoutages,renewableoutput,andloadforecasts.

  • Performad-hocanalysesfortradeideasandotherprojects.

Qualifications:

  • Bachelor's degree in Physics, Computer Science, Engineering or a related field.

  • 2+ years of experience in a Desk Analyst role covering North American Power & Natural Gas markets.

  • ExperienceusingDayzerSoftware,orcomparablepowermarketsimulation,productioncost,orpowerflowmodelingtools,tosupportanalysisofUSpowermarkets,withspecificexperienceinPJMand/orERCOT

  • Ability to solve loosely defined complex problems with minimal supervision.

  • Proficient in a variety of programming languages (e.g., Python, MATLAB, SQL) and experienced in programming within an organization with a strict version control culture.

  • Demonstrated passion for markets, modeling, and the energy industry, with a dynamic approach to learning and expanding technical knowledge.

  • Proven ability to communicate effectively and execute projects in a team environment.

  • Must be able to work effectively in a fast-paced, dynamic and high-intensity environment including open-floor plan if applicable to the position, with timely responsiveness and the ability to work beyond normal business hours when required.

Employee Programs & Benefits:

CCI offers competitive benefits and programs to support our employees, their families and local communities. These include:

  • Competitive comprehensive medical, dental, retirement and life insurance benefits

  • Employee assistance & wellness programs

  • Parental and family leave policies

  • CCI in the Community: Each office has a Charity Committee and as a part of this program employees are allocated 2 days annually to volunteer at the selected charities.

  • Charitable contribution match program

  • Tuition assistance & reimbursement

  • Quarterly Innovation & Collaboration Awards

  • Employee discount program, including access to fitness facilities

  • Competitive paid time off

  • Continued learning opportunities

Visit https://www.cci.com/careers/life-at-cci/# to learn more!

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