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Associate Quantitative Risk Analyst Jobs in Indiana

Associates or Bachelor's degree preferred but not required * Must have 5 years prior experience as ... Excellent organizational, analytical, and problem-solving skills with strong attention to detail

Associates or Bachelor's degree preferred but not required * Must have 5 years prior experience as ... Excellent organizational, analytical, and problem-solving skills with strong attention to detail

Associates or Bachelor's degree preferred but not required * Must have 5 years prior experience as ... Excellent organizational, analytical, and problem-solving skills with strong attention to detail

... Analyze historical performance to identify areas of opportunity and risk. • Prepare preseason ... quantitative and qualitative data to identify meaningful insights. • Financial and business ...

... completed by associate analysts, as requested by senior analyst • Interprets data and from ... and quantitative data. • Working knowledge of MS Office Suite including Excel, Word, and ...

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

... completed by associate analysts, as requested by senior analyst • Interprets data and from ... and quantitative data. • Working knowledge of MS Office Suite including Excel, Word, and ...

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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 programming languages like Python or R, as well as risk management software, to monitor and mitigate risks within organizations. 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.

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 is typically between $80,000 and $150,000 annually, depending on experience, location, and the firm. At firms like Morgan Stanley, salaries can vary based on seniority, with entry-level roles starting around $80,000 and more experienced analysts earning over $130,000, often supplemented by bonuses and benefits.

Is a quant analyst high paying?

A quantitative risk analyst typically earns a high salary compared to many other finance roles, especially with advanced skills in mathematics, programming, and data analysis. Compensation varies by industry, experience, and location but often includes bonuses and incentives due to the specialized nature of the work.

What is the salary of a quant risk analyst?

The average salary of a quantitative risk analyst typically ranges from $70,000 to $150,000 annually, depending on experience, location, and industry. 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.
What are the most commonly searched types of Quantitative Risk Analyst jobs in Indiana? The most popular types of Quantitative Risk Analyst jobs in Indiana are:
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What cities in Indiana are hiring for Associate Quantitative Risk Analyst jobs? Cities in Indiana with the most Associate Quantitative Risk Analyst job openings:
Infographic showing various Associate Quantitative Risk Analyst job openings in Indiana as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 83% Full Time, 10% Part Time, 1% Temporary, and 4% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution.

Underwriter - Risk Governance

Conveyance

Indianapolis, IN

Full-time

Posted 8 days ago


Job description

Supervisory Responsibilities: This individual will assist in training less experienced analysts on occasion and will organize department projects when necessary.

Job Summary: An Underwriter III will prepare written loan analyses for new and existing loans for commercial relationships ranging from $1,000,000 up to the institution's legal lending limit. He or she will also monitor existing loans through financial reviews and covenant testing. Underwriter III will be expected to have knowledge and experience with moderately complex commercial loans. His or her experience may be concentrated in CRE or C&I, but he or she should have significant experience with loan relationships larger than $5 million.

Essential Duties and Responsibilities:

Underwriters should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines.

Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for complex commercial loan relationships.

Prepare 10-50 page written presentations for new commercial loans and renewals. Presentations include identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision. Approval will come from the appropriate credit approval authority depending on the size of relationship.

Conduct reviews of covenant compliance and periodic financial statements identifying appropriate response from the institution.

Will need to interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers and potential deterioration of existing borrowers.

Participation in meetings with commercial banking leadership regarding commercial loans.

Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.

Take ownership for the institution's commercial loan portfolio to prevent maturity delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs.

Knowledge, Skills, and Abilities:

Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers.

Ability to think critically and express conclusions in writing and verbally.

Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends.

Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.

Strong organizational skill sets.

Strong attention to detail.

Working knowledge of Microsoft Office and financial worksheets/spreadsheets.

Some travel required.

Job Specifications/Skill Requirements:

Must possess working knowledge of underwriting principles for moderately complex Commercial Real Estate Loans as well as some forms of specialty lending such as Land Acquisition and Development Lending, Contractor Lending, Hotel Lending, Senior Housing Lending, Municipal Lending, or Non-Profit Lending.

Bachelor's Degree with significant accomplishment in finance and accounting or commensurate experience and training in credit analysis for commercial loans.

Minimum of 5 years of commercial lending experience with an emphasis on credit and risk management.

Prior completion of formal credit training either through ABA, RMA, or formal internal bank training program.