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Associate Quantitative Risk Analyst Jobs in New Mexico

$172K - $258K/yr

The Associate Director role is within HEOR's Analytics Center of Excellence (CoE), a specialized ... related quantitative discipline (such as mathematics, statistics, economics, epidemiology ...

... quantitative coursework. * Conceptual Teaching & Problem-Solving: Skilled at breaking down ... risk analysis. * Curriculum Awareness & Adaptive Instruction: Familiar with business statistics ...

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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 popular job titles related to Associate Quantitative Risk Analyst jobs in New Mexico?

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

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

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

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

HEOR Ops & Analytics Associate Director

$172K - $258K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 25 days ago


Job description

Job Description

Vertex is seeking a talented and motivated individual with the desire to be part of a highly innovative company aimed at transforming the lives of people with serious diseases, their families and society. The Associate Director role is within HEOR's Analytics Center of Excellence (CoE), a specialized team that provides strategic and technical support to HEOR, Market Access & Pricing, and the broader commercial organization. In this role, the Associate Director will primarily support HEOR disease/asset teams in real-world observational and claims data research activities. The Associate Director will support colleagues looking to answer key questions that can be addressed using Vertex's in-licensed RWE data assets. This includes planning and conducting analyses to inform on questions related to disease prevalence, disease burden and progression, healthcare resource utilization and costs, and treatment patterns in 'real world' patient populations. The Associate Director is also expected to provide methodological expertise to research design, including development of study protocols, analysis plans, and table shells. This role will work closely with a team of statistical programmers to lead the execution of data queries and analyses. The Associate Director may also provide input to global product value strategy and tactics as well as provide input to design and interpretation of post-hoc clinical trial analyses and evidence generation studies. The role has flexibility to be in-person, hybrid, or remote.

Leverage Vertex's in-licensed RWE data assets to conduct queries and analyses to support the Vertex product portfolio and development programs across a range of therapeutic and disease areas. Research initiatives include the following:

  • Conduct feasibility assessments to inform design and execution of research projects
  • Conduct health economic and outcomes research to better characterize disease burden, healthcare resource utilization, co-morbidities, and treatment patterns in 'real world' populations
  • Generate actionable insights to address key business questions from internal and external stakeholders
  • Lead the development of study protocols, statistical analysis plans, and table shells

Support statistical programmers through the execution of data queries and analyses

Generate analytic reports, tables, and visualizations to communicate research findings effectively to internal stakeholders

Collaborate with cross-functional colleagues to improve efficiency of current analytics operating model

Contribute to the development, enhancement, and maintenance of internal analytic tools (e.g., programming libraries, reusable macros, table templates), to support the quality and consistency of data and analyses

Support HEOR disease/asset leads in assessment of research gaps and evidence generation objectives that may be addressed through observational research

Advanced degree in health economics or a related quantitative discipline (such as mathematics, statistics, economics, epidemiology)

Typically requires 8 years of relevant experience in health economics and outcomes research, or the equivalent combination of education and experience (e.g., Doctorate degree and 4 years of experience, Master's degree and 6 years of experience)

Strong knowledge of observational research methods and their application to studies assessing disease burden, healthcare resource utilization, treatment patterns, comorbidities, and health outcomes studies in real-world patient populations

Demonstrated experience applying claims-based analytic methods in epidemiologic research, including disease prevalence estimation and evaluation of patient populations, using real-world data sources

Hands-on experience analyzing large patient-level healthcare datasets, including open and closed claims, EHR/EMR data, and hospital chargemaster data (e.g., MarketScan, PharMetrics Plus, eLAAD+, Premier)

Working knowledge of national healthcare coding systems, including diagnostic, procedure, and drug coding, as well as relevant healthcare system structures Advanced proficiency in SAS programming and Excel required

Excellent written and oral communication skills, including the ability to clearly convey complex analytic findings to both technical and non-technical audiences Ability to plan, organize, and manage multiple projects simultaneously in different therapeutic areas

Ability to navigate and succeed in a fast-paced, dynamic, and collaborative team-based environment

Pay Range:

$172,000 - $258,000

Disclosure Statement:

The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.

At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations. From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

Flex Designation:

Remote-Eligible

Flex Eligibility Status:

In this Remote-Eligible role, you can choose to be designated as:
1. Remote: work remotely five days per week and come into the office on occasion - you're always welcome on-site; or select
2. Hybrid: work remotely up to two days per week; or select
3. On-Site: work five days per week on-site with ad hoc flexibility.

Note: The Flex status for this position is subject to Vertex's Policy on Flex @ Vertex Program and may be changed at any time.

#LI-Remote

Company Information

Vertex is a global biotechnology company that invests in scientific innovation.

Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at ApplicationAssistance@vrtx.com