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Associate Quantitative Risk Analyst Jobs in Tennessee

... associate portfolio managers and traders to cover market exposure arising from trading or client ... cause analysis - Collaborate with enterprise risk management group to develop and share best ...

Strong analytical, quantitative, and problem-solving skills. * Excellent written and verbal ... In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other ...

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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.
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Infographic showing various Associate Quantitative Risk Analyst job openings in Tennessee as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 84% Full Time, 6% Part Time, 2% Temporary, and 6% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution.
Operational Risk Consultant Sr. -Business Risk Oversight Officer

Operational Risk Consultant Sr. -Business Risk Oversight Officer

First Horizon

Memphis, TN • On-site

Full-time

Medical, Dental, Vision, Retirement

Posted 17 days ago


First Horizon Bank rating

8.3

Company rating: 8.3 out of 10

Based on 31 frontline employees who took The Breakroom Quiz

30th of 146 rated banks


Job description

Location: On site at location(s) listed in job posting.
Summary:
As the Business Risk Oversight Officer within our second line of defense (2LOD), you will serve as a critical partner providing independent oversight and credible challenge to first line of defense (1LOD) business associates, acting as a trusted advisor to ensure operational risk is appropriately identified, assessed, monitored, and controlled, and that risk programs are properly executed in alignment with risk appetite, regulatory expectations, and our commitment to serving clients responsibly. You will provide robust oversight, deliver rigorous and documented credible challenge, and offer strategic risk guidance to help 1LOD leaders design and execute effective controls. Additionally, you will play a key role in identifying opportunities to leverage automated technology and artificial intelligence to expand risk coverage and enhance the efficiency of our oversight processes.
Job Responsibilities:
  • Independently assess the operational risk and control environment across assigned businesses/functions; validate that risks and controls are identified, designed and operating effectively.
  • Review and challenge Risk and Control Self-Assessments (RCSAs), process maps, and control effectiveness; opine on inherent/residual risk, control gaps, and remediation plans.
  • Evaluate and challenge key risk indicators (KRIs), thresholds, and triggers; monitor breaches and trends against risk appetite and tolerance.
  • Oversee issue and incident management, including client-impacting events: opine on root cause, corrective action plans, and sustainable remediation.
  • Review operational loss events and near misses; identify systemic themes and drive lessons learned into control enhancements.
  • Provide independent challenge for change risk (new/changed products, processes, technology) including Third-Party Risk Management assessments.
  • Coach and advise first line associates on operational risk frameworks, methodologies, and regulatory expectations while maintaining independence and the ability to escalate.
  • Facilitate workshops (RCSA, scenario analysis, KRI design, issue remediation) to uplift risk capability and strengthen risk culture.
  • Build effective relationships to influence risk-informed decisions and promote timely escalation and resolution of emerging risks.
  • Champion the integration of automated technologies and AI-led strategies to streamline risk evaluation, data analytics and continuous monitoring capabilities to improve efficiency of 2LOD oversight.
  • Support board and executive level reporting with clear, concise analysis of key risk exposures, trends, and mitigations.
  • Coordinate with other risk areas across the enterprise to ensure integrated oversight and response to identified risk themes.
  • Engage in regulatory exams, audits, and risk assessments involving assigned LOBs/business units.
  • Participate in industry forums and build relationships with other financial institutions across the industry.

Required Qualifications/Knowledge, Skills, and Abilities:
  • Bachelor's degree in Business, Finance, Risk Management, or a related field.
  • 7+ years of experience in 2LOD operational risk management or 1LOD business controls within the banking or financial services industry.
  • Deep understanding of US banking regulations and supervisory guidance from the Federal Reserve regarding operational risk and governance.
  • Ability to articulate the connections across risk programs and influence stakeholders to leverage risk data in business decision-making processes.
  • Proficiency at assessing current processes with an eye towards efficiency and automation.
  • Strong oral and written communication skills with ability to communicate at all levels of an organization.
  • Proven ability at collaborating across the enterprise to solve complex challenges.
  • Experience leading teams through change by creating a compelling vision for transformation.
  • Strong project management skills with ability to manage multiple concurrent projects successfully and a proven history of strong execution on major initiatives.
  • Exceptional interpersonal skills with the ability to influence without direct authority. Must be adept at delivering difficult feedback (credible challenge) in a professional, collaborative, and constructive manner.
  • This role requires a balance of strategic thinking and tactical execution. You must be comfortable navigating ambiguity, driving accountability across cross-functional teams, and continuously advocating for a strong risk culture throughout the organization.

About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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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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