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Associate Quantitative Risk Analyst Jobs in Indiana

Increase proficiency in schedule development and schedule analysis and integrated cost and schedule forecasting using quantitative risk management tools and techniques (Expected Monetary Value and ...

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Increase proficiency in schedule development and schedule analysis and integrated cost and schedule forecasting using quantitative risk management tools and techniques (Expected Monetary Value and ...

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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 Indiana?

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

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

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

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

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

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 August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 27% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution.

International Senior Credit Risk Specialist I, South Bend, IN (On-Site)

1st Source Bank

South Bend, IN • On-site

Full-time

Re-posted 12 days ago


1st Source Bank rating

8.8

Company rating: 8.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

17th of 174 rated banks


Job description

POSITION SUMMARY
Responsible for performing advanced and specialized credit analysis of domestic and international loan transactions for current and prospective customers. This role requires the application of theoretical and practical knowledge in finance, accounting, and international credit risk analysis to evaluate financial condition, repayment capacity, and overall creditworthiness.
The position focuses on cross-border lending and international customer portfolios, including the analysis of foreign financial statements, economic conditions, and country-specific risks. Exercises independent judgment and discretion in evaluating complex financial information and recommending credit decisions.
ESSENTIAL REQUIREMENTS
  • Performs in-depth analysis of complex commercial and international credit transactions, including new loan requests, renewals, and modifications.
  • Analyzes financial statements (domestic and foreign), including balance sheets, income statements, and cash flow statements prepared under varying accounting standards.
  • Evaluates credit risk associated with international customers, including foreign exchange exposure, sovereign/country risk, political and economic conditions, and cross-border legal considerations.
  • Conducts quantitative financial modeling and ratio analysis to assess repayment capacity and financial stability.
  • Reviews and interprets credit reports, third-party financial data, and industry research to support credit recommendations.
  • Assesses adequacy and valuation of collateral, including assets located in foreign jurisdictions.
  • Prepares comprehensive written credit analyses and recommendations for approval, demonstrating clear rationale and risk assessment.
  • Communicates credit decisions and findings effectively to internal stakeholders, including sales teams and senior management.
  • Maintains and performs periodic reviews of existing credit relationships, identifying changes in risk profile.
  • Conducts industry and regional research, particularly for international markets in which customers operate.
  • Collaborates with Senior Credit Analysts and management on complex or high-risk credit relationships.
  • Ensures compliance with all applicable banking regulations, credit policies, and risk management standards.
  • Regular and predictable attendance is an essential function of the position.
  • Complete all required compliance and regulatory training.

NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
EXPERIENCE/SKILLS
  • Minimum of five (5) years of experience in commercial credit analysis, financial analysis, banking, or a related field, preferably including exposure to international credit or cross-border transactions.
  • Demonstrated ability to apply advanced financial and accounting principles to analyze complex financial statements and credit structures.
  • Knowledge of international financial reporting considerations, foreign exchange risk, and global economic factors impacting credit risk.
  • Strong proficiency in financial modeling, ratio analysis, and risk assessment techniques.
  • Ability to exercise independent judgment and discretion in evaluating creditworthiness and making recommendations.
  • Strong analytical, problem-solving, and organizational skills with a high degree of accuracy and attention to detail.
  • Proficiency in Microsoft Excel and Word, including advanced data analysis capabilities.
  • Excellent written and verbal communication skills, including the ability to present complex financial information clearly and concisely.

EDUCATION
Bachelor's Degree in Accounting, Finance, Business Administration, or a closely related field with a concentration in finance or financial analysis is required.
LANGUAGE REQUIREMENTS
Portuguese language proficiency is required to effectively analyze financial documents, communicate with clients, and evaluate credit risk for Portuguese-speaking international customers and markets.
Spanish language proficiency is preferred to support additional international customer relationships.
TRAVEL REQUIREMENTS
Ability to travel to various locations, including occasional overnight travel, as needed for meetings, customer visits, and business-related activities.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
Standard office equipment including PC, phone, and Microsoft Office applications.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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