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Associate Quantitative Risk Analyst Jobs in Maine

$115K - $145K/yr

Casework has both quantitative and qualitative elements, involving key responsibilities such as ... Experienced Analyst hires will join the firm as either Senior Analysts or Research Associates ...

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$115K - $145K/yr

Casework has both quantitative and qualitative elements, involving key responsibilities such as ... Experienced Analyst hires will join the firm as either Senior Analysts or Research Associates ...

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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 job categories do people searching Associate Quantitative Risk Analyst jobs in Maine look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Maine are:
What cities in Maine are hiring for Associate Quantitative Risk Analyst jobs? Cities in Maine with the most Associate Quantitative Risk Analyst job openings:
Experienced Analyst - Master's of Finance

Experienced Analyst - Master's of Finance

Cornerstone Research

Bangor, ME • On-site

$115K - $145K/yr

Full-time

Posted 25 days ago


Job description

Overview

As an experienced Analyst, you will play a central role at Cornerstone Research. You will work in case teams that range in size but typically include an academic or industry expert, senior consultants, and Analysts. Within a case team, you will make important contributions during all phases of a project-from developing case strategy to conducting complex analyses to preparing experts for testimony.

Casework has both quantitative and qualitative elements, involving key responsibilities such as:

  • Developing financial and economic models;
  • Analyzing large datasets;
  • Examining market and industry behavior;
  • Conducting research via academic articles and relevant industry literature;
  • Assisting with expert written reports;
  • Leading teams of junior analysts;
  • Presenting findings to colleagues, experts, and clients.

Our small size provides opportunities for experienced Analysts to interact closely not only with senior consultants and academic/industry experts, but also with clients and their counsel. Experienced Analyst hires will join the firm as either Senior Analysts or Research Associates, depending on their prior work experience.

Experienced Analyst Development

From day one, there is a strong emphasis on equipping you with the information, training, and resources to help you succeed. Your time at the firm will begin with a comprehensive orientation and training program to introduce you to the firm and help you get integrated. Additionally, we host continuous learning and development programs through which you will learn sophisticated analytical and statistical techniques used in your day-to-day casework, as well as soft skills that will help you successfully work with case teams, clients and their counsel, and experts.

Shortly after arriving at the firm, you will meet your Staffing & Development Manager and join your first case teams. Concurrently, the firm offers many opportunities for Analysts to participate in, and often take a leadership role over, firm initiatives outside of casework. From social committees to affinity groups to volunteer programs to recruiting, there is something for everyone. Your experience will be well-rounded.

Qualifications

If the experienced Analyst role sounds exciting to you, we strongly encourage you to apply. We seek well-rounded, enthusiastic individuals for our role. Our qualifications are as follows:

  • 2-3 years of relevant professional experience.
  • Strong academic performance in a Master's in Finance program. Other graduate degrees will not be considered at this time.
  • Proven leadership abilities, including experience leading teams and fostering collaboration.
  • Strong analytical foundation developed through academic work and/or professional experience.
  • Excellent communication, problem-solving, and teamwork skills.
  • Demonstrated interest in business, finance, and economics.

This position is not eligible for Visa Sponsorship.

**About Cornerstone Research**

Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex disputes and regulatory investigations. The firm works with an extensive network of prominent academics and industry practitioners to identify the best-qualified expert for each assignment. With a reputation for high quality and effectiveness, Cornerstone Research has consistently delivered rigorous, state-of-the-art analysis since 1989. The firm has more than 1,000 professionals in nine offices across the United States, UK, and EU.

Cornerstone Research is involved in a broad variety of high-profile projects. Current exemplary matters include allegations of manipulation of financial markets, evaluation of fair merger prices, securities litigation, claims in consumer finance, anticompetitive conduct in financial markets, and corporate governance issues. We cover topics in a broad range of industries, banking, securities, fintech, private equity, insurance, cryptocurrency, consumer goods, life sciences, high technology, energy, telecommunications and industrial markets.

More detail on Cornerstone Research and what we do can be found on our website: www.cornerstone.com.

Cornerstone Research offers a market-leading compensation and benefits package. The base salary for the experienced Analyst role with a relevant education is $115,000-$145,000. In addition to the base salary, new experienced Analysts will be eligible for a starting bonus. Experienced Analysts are also eligible for discretionary bonuses based on project performance, firm contributions, and other factors. Previous relevant work experience will be taken into consideration in determining compensation. Information about our benefits, including health and wellness and family support, can be found on the Careers page of our website.

Cornerstone Research provides Equal Employment Opportunities to all employees and applicants for employment without regard to legally protected categories, such as age, sex, gender, gender identity, race, color, creed/religious belief, medical condition, predisposing genetic characteristics or genetic information or testing, disability, marital status, pregnancy status, military status, veteran status, arrest or conviction record (except where permitted by law), sexual orientation, ethnic background, citizen status, ancestry, national origin, or any other consideration protected by federal, state or local law.