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Associate Quantitative Risk Analyst Jobs in Illinois

Investments Risk, Principal

Chicago, IL · On-site

$175K - $215K/yr

Build and maintain quantitative risk models and analytics used to evaluate hedge fund investments - including factor and alpha decomposition, stress testing, and scenario analysis - working with ...

... quantitative analyses into liquidity risks emerging across the Robinhood ecosystem Enhance and ... risk models and forecasting frameworks to support proactive risk management Partner with Data ...

Conduct deep‑drop quantitative analyses into liquidity risks emerging across the Robinhood ecosystem * Enhance and maintain liquidity risk models and forecasting frameworks to support proactive ...

... quantitative analyses into liquidity risks emerging across the Robinhood ecosystem Enhance and ... risk models and forecasting frameworks to support proactive risk management Partner with Data ...

DV is looking for a Junior Quantitative Trader to join our trading desk, where you will support live trading operations through quantitative analysis, execution support, and risk monitoring. This is ...

New

What You'll Do * Lead risk monitoring activities for complex and elevated-risk member firms ... Intermediate-to-advanced quantitative and analytical problem-solving skills, including the ability ...

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

The individual will partner closely with model owners, Model Risk Management, internal and external ... Experience working with quantitative models, analytics, or monitoring frameworks in a regulated ...

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... This position may also have responsibilities for managing associates. At Bank of America, all ...

Quantitative Trading Analyst

Chicago, IL · On-site

$100K - $150K/yr

Maximize market making revenues through the management of settings and processes that affect our risk accumulations. * Conduct ad-hoc quantitative analyses within the domains of settings optimization ...

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... This position may also have responsibilities for managing associates. At Bank of America, all ...

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

Build and maintain quantitative models to support pricing, underwriting, forecasting, and business ... risk modeling, or actuarial concepts. * Experience building production analytical tools or models.

Showing results 41-60

Associate Quantitative Risk Analyst information

What is an associate quantitative risk analyst?

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?

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.

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.

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.

What are the most commonly searched types of Quantitative Risk Analyst jobs in Illinois?

The most popular types of Quantitative Risk Analyst jobs in Illinois are:

What are popular job titles related to Associate Quantitative Risk Analyst jobs in Illinois?

For Associate Quantitative Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Associate Quantitative Risk Analyst jobs in Illinois look for?

The top searched job categories for Associate Quantitative Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Associate Quantitative Risk Analyst jobs?

Cities in Illinois with the most Associate Quantitative Risk Analyst job openings:

Quantitative Analytics - Senior Associate

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

This job post has expired 1 day ago. Applications are no longer accepted.


JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

71st of 171 rated banks


Job description

Join the JPMorganChase Commercial & Investment Bank (CIB) as Senior Associate, Quantitative Analytics in Finance & Business Management, supporting the Client Onboarding & Service group. Client Onboarding & Service represents 7,000+ headcount with ~$900M of annual expense. 

As a Quantitative Analytics - Senior Associate, you will be part of a team responsible for management of complex workforce capacity/staffing modeling across various Client Onboarding & Service functions. This role demands stakeholder management, as you will regularly interface with senior leaders to address questions. Technical expertise in SQL, Python and dashboarding tools (e.g., Sigma, QlikSense, Tableau) is essential.

As a Senior Associate in the Client Services & Implementation Business Management team, you will support the CIB's Chief Financial Office and Finance & Business Management teams to forward progress on complex initiatives and provide timely and intuitive analytics for decision making. You will work closely with CIB's Finance & Business Management teams and Client Onboarding & Service leadership to plan, coordinate and execute on a number of run and change activities, aimed at progressing the strategic agenda of CIB's Finance & Business Management organization.

Job responsibilities

  • Lead capacity modeling and workforce staffing projections for a ~7,000 headcount organization.
  • Develop and maintain dashboards and analytics using tools such as Sigma and Tableau.
  • Utilize SQL and Python for data analysis and modeling.
  • Forward process improvements and automation capacity modeling.
  • Collaborate with Finance & Business Management and Client Onboarding & Service leadership to support strategic initiatives.
  • Advance the business analysis and reporting agenda, focused on insights delivery in areas around staffing models and volume forecasts.


Required qualifications, capabilities and skills

  • Bachelor's degree in Statistics, Mathematics, Economics, or a related quantitative field required.
  • Minimum 3 years of experience in quantitative analytics, finance, or related field.
  • Advanced proficiency in SQL, Python and dashboarding tools (Sigma, Tableau).
  • Experience with activity-based costing and workforce modeling.
  • Advanced stakeholder management and communication skills, especially in challenging situations.
  • Highly motivated self-starter with excellent time management and prioritization skills.
     

Preferred qualifications, capabilities and skills

  • Advanced degree.

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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