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Associate Quantitative Risk Analyst Jobs in Ohio

OH0713 NW Bancshares HQ, PA0258 Bellevue The Senior Quantitative Analyst II is responsible for ... Risk, Market Risk, Machine Learning, Artificial Intelligence, Stress Testing, or 3rd Party Vendor ...

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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 Ohio?

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

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

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

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

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

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

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

Infographic showing various Associate Quantitative Risk Analyst job openings in Ohio 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.

ALM Director - Balance Sheet Analytics (IC)

PNC Bank

Cleveland, OH • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago


PNC Bank rating

7.7

Company rating: 7.7 out of 10

Based on 348 frontline employees who took The Breakroom Quiz

92nd of 175 rated banks


Job description

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success.
As an ALM Director - Balance Sheet Analytics within PNC's Asset Liability Management organization, you can be based in New York, Pittsburgh or Cleveland. This is an individual contributor (non-manager) role.
As an ALM Director in PNC's Chief Investment Office, you will perform a highly technical role supporting balance sheet valuation and interest rate risk management through programming, data engineering, database management, automation, and analytical development. You will maintain and improve the reliability, scalability, and transparency of critical balance sheet processes by owning and enhancing the data, code, and analytical tools supporting PNC's Quantitative Risk Management (QRM) balance sheet modeling platform.
Job Responsibilities
Own, maintain, and enhance databases supporting QRM balance sheet valuation and interest rate risk analytics.
Develop, maintain, and optimize production code, analytical tools, and scalable reporting solutions to improve reliability, efficiency, and analytical capabilities.
Build automated processes for data preparation, reconciliation, quality control, reporting, and routine risk analysis.
Leverage QRM data and outputs to create record-level analytics that provide deeper insight into balance sheet positions, valuation drivers, and risk exposures.
Support daily and monthly production of balance sheet analytics, including troubleshooting, exception management, and resolution of time-sensitive issues.
Collaborate with balance sheet analysts, portfolio managers, financial modelers, risk management, finance, and technology stakeholders to translate business requirements into practical data and reporting solutions.
Maintain robust technical documentation, operating procedures, controls, and backup coverage for critical processes.
Support regulatory, audit, model risk, and governance initiatives related to balance sheet valuation and interest rate risk management.
Identify and implement automation and AI-driven opportunities while maintaining appropriate controls, transparency, and production stability.
Required Qualifications
Bachelor's degree in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, or a related quantitative field.
Deep expertise in Python and SQL, including experience developing, maintaining, and supporting production code and relational databases.
Experience working with large, complex financial datasets and developing scalable data pipelines, analytical tools, and production reporting solutions.
Strong analytical, problem-solving, and communication skills, with the ability to explain technical concepts to business and risk stakeholders.
Demonstrated attention to detail and the ability to manage independent, time-sensitive deliverables.
Preferred Qualifications
Hands-on experience with Quantitative Risk Management (QRM) software and knowledge of QRM valuation, economic value of equity, duration of equity, net interest income, key-rate risk, balance sheet forecasting, analytics, reporting, and output structures.
Master's degree or higher in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, or a related quantitative discipline.
Prior experience in ALM, balance sheet management, treasury, market risk, or interest rate risk.
Solid understanding of financial statements, balance sheet products (loans, deposits, fixed-income securities, derivatives), and interest rate risk concepts.
Experience developing and maintaining applications in Java and C#, in addition to Python.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
  • Executes business strategy, process improvements and remediation activities. Performs financial analysis, conducts research and prepares and delivers presentations. Participates in stress testing efforts.
  • Based on own discretion, researches and collects information for PNC's balance sheet.
  • Analyzes, reviews and presents risk analytics/stress testing material including documentation and templates to senior team members.
  • Influences lines of business in understanding specific line items of PNC's balance sheet and income statement. Works with various review teams, including model risk management, internal and external audit and regulators.
  • Executes business strategy, process improvements and remediation activities. Manages ALM staff and processes.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred SkillsBalance Sheets, Bookkeeping, Budget Management, Cash Flow Statements, Corporate Accounting, Financial Operations, Managerial Finance, Public Accounting, Revenue RecognitionCompetenciesAsset and Liability Management (ALM), Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Market Risk, Regulatory Environment - Financial ServicesWork ExperienceRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry relevant experience is typically 8+ years. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Pay TransparencyBase Salary: $112,000.00 - $249,600.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.Application WindowGenerally, this opening is expected to be posted for two business days from 08/20/2026, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visitpncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.


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