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Associate Quantitative Risk Analyst Jobs in Utah

BILL

SOX Manager

Draper, UT · On-site

$94K - $125K/yr

Risk Assessment & Scoping: Perform the annual qualitative and quantitative risk assessment to ... Analytical Thinking: Strong conceptual and problem-solving skills with meticulous attention to ...

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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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Associate Quantitative Risk Analyst jobs near you
Senior Cost Engineer Analyst with Security Clearance

Senior Cost Engineer Analyst with Security Clearance

Tecolote Research

Hill Air Force Base, UT • On-site

$76K - $97K/yr

Contractor

Posted 29 days ago

Job description

Overview Tecolote is a trusted independent advisor providing consulting, analytics, and digital solutions to senior leadership and Federal government executives supporting the National Security mission. As an Analyst, you will be the go-to person for Program Managers in support of large scale DoD/DoW acquisition programs. We are looking for motivated teammates who thrive in fast paced, dynamic settings and can help our customers tackle some of their most pressing challenges. At Tecolote, we're committed to the success of our employees. We believe that a challenging environment and an enthusiastic culture, coupled with a comprehensive benefits package allow our employees to reach their full potential and attain their professional goals. Responsibilities * Working as part of an integrated cost estimating team, the cost engineer will perform a wide variety of cost and economic analyses/estimating/engineering support directly interfacing with program offices and assisting the development and presentation of management level briefings. * Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project forecasting and risk assessment, cost-benefit analysis, and software cost estimating. * Additional support includes, but is not limited to, the areas of strategy development, scheduling, market research, evaluation criteria development, pre-solicitation documentation review, RFP documentation, Independent Program Review documentation, cost estimates and key decision point's preparation, as well as trade studies. * Familiarity with DoD/DoW acquisition policies. * Successful candidates must possess or be able to obtain a Secret security clearance. * Active TS security clearance preferred. * U.S. citizenship required Skills Required * The position requires a minimum of seven years of progressive technical cost engineering experience with Department of Defense / Department of War (DoD/DoW) programs. * Demonstrated experience reviewing project parameters (scope, cost, schedule, risk, etc.) to recommend changes that will improve overall project results. * Progressive experience in cost engineering, developing detailed cost estimates utilizing cost research and data collection on DoD/DoW weapon systems, as well as understanding of the programmatic and technical cost drivers of the weapon systems for both acquisition and operating & support (O&S) phases of the life cycle. * Ability to analyze data and develop cost estimating methods and tools. * Exercises a high degree of independent judgment, advises leadership on cost estimating practices and industry standards, and may direct or guide staff on procedures, policies, and specification development to strengthen organizational cost engineering functions. * Demonstrated experience in use and analysis of Cost and Software Data Reports (CSDR) and Integrated Program Management Data and Analysis Reports (IPMDAR). * Ability to assess compliance with Earned Value Management (EVM) and schedule standards and best practices. * Ability to utilize EVMS for planning, controlling, and integrating project scope, schedule, and resources; able to produce EVM and schedule findings in accordance with contract requirements. * Excellent verbal communication, written, and quantitative analytical skills are required. * Proficient in the use of M/S office applications, i.e., M/S Project, Word, PowerPoint, and Excel. * A working knowledge of ACEIT is desirable. * Must be able to work in a team environment and lead cost research project teams to successful conclusion. Education Bachelor's degree required, preferably in math, engineering, business, or the sciences.

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