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Associate Quantitative Risk Analyst Jobs in Texas

Charles Schwab

Market Risk Analyst

Southlake, TX

Responsibilities include utilizing, monitoring, and enhancing the quantitative models employed by the risk analytics team. This role requires a candidate who possesses both technical and financial ...

AECOM

Risk Manager

El Paso, TX · On-site

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and integrated Cost and Schedule analyses, to enable robust forecasting and tracking of risk exposure. * Assist ...

Engelhart

Market Risk Analyst

Houston, TX · On-site

We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk ...

Regional Finance

Sr Credit Risk Analyst

Plano, TX · On-site

Quantitative analysis of custom score models including , validation, ongoing- performance ... Experience developing risk models for a financial institution. Critical Competencies Excellent oral ...

Regional Finance

Sr Credit Risk Analyst

Plano, TX · On-site

... Quantitative analysis of custom score models including , validation, ongoing- performance ... risk analytics, or relevant experience • Experience in data mining, modeling and analyzing ...

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Associate Quantitative Risk Analyst information

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 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 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 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.

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Associate Quantitative Risk Analyst jobs near you

Market Risk Analyst

Charles Schwab

Southlake, TX

Full-time

Medical, Dental, Vision, Retirement

Posted 29 days ago

Job description

Your opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

The Market Risk Analyst will support the Market Risk team with interest rate risk processes, including capital stress testing, board reporting, and ad hoc analysis. Responsibilities include utilizing, monitoring, and enhancing the quantitative models employed by the risk analytics team. This role requires a candidate who possesses both technical and financial skill sets. Specifically, the ability to develop and maintain code using database and scripting tools, alongside a deep understanding of financial institution balance sheets, fixed income instruments, and derivative contracts.

Key Responsibilities
Key responsibilities will include, but not be limited to:

  • Provide effective challenge and oversight of Treasury’s market risk activities, including Net Interest Income (NII), Economic Value of Equity (EVE), and financial planning.
  • Analyze the firm’s market risk position, including sensitivity analysis of NII, EVE, and duration.
  • Partner with business stakeholders to understand investment strategies and product offerings to ensure they are modeled appropriately and provide effective challenge as appropriate.
  • Define and maintain model inputs and assumptions for a variety of financial products.
  • Develop and maintain automated processes to support market risk modeling, including providing support during the monthly production cycle.
  • Develop and maintain analytical and reporting processes for market risk modeling, including valuation, benchmarking, back-testing, and result reporting.
  • Test changes and enhancements to modeling applications to assess impacts on the balance sheet.
What you have

Qualifications
The ideal candidate will possess the following:

  • Education: A Bachelor’s degree in a financial, technical, or quantitative discipline; an MBA, CFA, or similar advanced certification is preferred.
  • Experience: 6 to 8 years of experience in fixed income or market risk analytics and modeling; experience with PolyPaths is preferred.
  • Technical Skills: Proficiency in Bloomberg, Python, SQL, R, Power BI, and Tableau is highly beneficial.
  • Core Competencies: A strong foundation in modeling and process development, complemented by programming proficiency.
  • Analytical Rigor: Strong quantitative and analytical abilities with meticulous attention to detail.
  • Project Management: The ability to independently manage tasks while simultaneously handling multiple assignments.
  • Communication: Strong written and verbal communication skills, with the ability to clearly convey complex financial and technical concepts.

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

  • 401(k) with company match and Employee stock purchase plan
  • Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
  • Paid parental leave and family building benefits
  • Tuition reimbursement
  • Health, dental, and vision insurance

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