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Associate Quantitative Risk Analyst Jobs in Bloomington, IN

Circle

Lead KYC Analyst

Nashville, IN · Remote

Recommending appropriate risk-based business actions to be taken to onboard customer and/or on ... S. degree; quantitative or technical degree a plus * CAMS, CFCS or CFE certification is a plus.

Circle

Senior Analyst, AML Know Your Customer

Nashville, IN · On-site +1

$97K - $127K/yr

Reviewing higher and high risk client relationships to ensure that customer due diligence is ... S. degree; quantitative or technical degree a plus. * 4+ years of relevant experience in AML and ...

Varsity Tutors

Business Statistics Tutor

Bloomington, IN · Remote

$18 - $40/hr

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

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All JobsAssociate Quantitative Risk Analyst JobsAssociate Quantitative Risk Analyst Jobs in Bloomington, IN

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How much do associate quantitative risk analyst jobs pay per hour?

As of Jul 4, 2026, the average hourly pay for associate quantitative risk analyst in Bloomington, IN is $37.45, according to ZipRecruiter salary data. Most workers in this role earn between $27.60 and $45.58 per hour, depending on experience, location, and employer.

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.
What job categories do people searching Associate Quantitative Risk Analyst jobs in Bloomington, IN look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Bloomington, IN are:
Associate Quantitative Risk Analyst jobs near you

Catastrophe Analyst

PURE Group of Insurance Companies

Bloomington, IN

$65K - $85K/yr

Full-time

Posted 17 days ago

Job description

About the role.

PURE Insurance is seeking a Catastrophe Analyst to join our Risk & Actuarial team. This role is an opportunity for an analytically curious early-career professional to develop expertise in catastrophe modeling within a highly collaborative environment. In this role, you will support the catastrophe modeling operations that underpin key business decisions while also contributing to broader analytical and strategic initiatives. This role offers the opportunity to work on analytically challenging and strategically important problems that directly influence enterprise risk management, catastrophe exposure strategy, and long-term business decision making. You will join a growing catastrophe management function with exposure to senior leadership and opportunities to contribute beyond traditional catastrophe modeling operations.

What you'll do.


Support quarterly catastrophe modeling and reporting processes using RMS Risk Modeler.
Prepare catastrophe model outputs, exposure summaries, and post-modeling analytics for internal and external stakeholders.
Fulfill catastrophe-related data requests for underwriting, actuarial, finance, reinsurance, and regulatory purposes.
Support reinsurance placement activities through data preparation and analysis.
Assist with development of automation and process improvements related to catastrophe modeling workflows.
Complete ad hoc analyses to support strategic initiatives across the organization.
Provide analytical support during live catastrophe events.

What we're looking for.


0-2 years of experience in catastrophe modeling, insurance analytics, actuarial science, or a related quantitative field.
Bachelor's degree in Mathematics, Statistics, Actuarial Science, Economics, Finance, Data Science, GIS, Atmospheric Science, or another quantitative discipline.
Experience with RMS, AIR, GIS tools, or catastrophe modeling concepts is a plus, but not required.
Familiarity with Excel, SQL, Python, R, or other analytical tools preferred.
Strong analytical and problem-solving skills with high attention to detail.
Intellectual curiosity and interest in catastrophe risk and insurance.
Strong Excel skills and familiarity with SQL, Python, R, or other analytical tools preferred.
Independent, self-reliant, with a strong work ethic.
Strong organizational and communication skills.

What We Do

We're a member-owned property and casualty insurer designed exclusively for financially successful families and driven by a purpose of doing what is right for our members. We provide exceptional service, hospitality and care, we partner with our members to help prevent losses and we create smart insurance solutions at fair prices.

We aim for our members to love their insurance. It is our mission is to create a membership experience so compelling that our members never want to leave.

Who We Are

We want to be transparent about what we expect from each other. From PURE, you can expect:


Opportunities to stretch and grow: your professional and personal development matters to us. We're committed to providing experiences through on-the-job learning and professional development that increase your impact and rewards.


Clarity and kindness: you can rely on us to be open, honest and supportive, offering clarity on what success looks like.


Support in good times and bad: we believe in showing up for each other consistently, not only when it's easy. You can expect a thoughtful partner, even when we disagree.


A community that cares: we are committed to sustaining a community in which each person feels cared for as an individual. We lift each other up, celebrate wins together and support one another through challenges in work and life.

Who You Are

All of the strongest relationships are a partnership- a two way street. So here's what we ask of you:

  • Aim to bring your best every day: you're here because you want to be part of a team that makes a real impact and aims high.
  • Be a student and a teacher: share your knowledge and talents and be willing to listen and learn from those around you.
  • Get comfortable being uncomfortable: we face tough moments and obstacles with a "courage over comfort" approach and a positive, solutions-oriented mindset.
  • Be a culture builder: building a positive culture is everyone's responsibility, based on care, respect and openness to diverse perspectives.
The base salary for this role can range from $65,000 to $85,000 based on a full-time work schedule. An individual's ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience

Want to Learn More?

  • [Our Values]
  • [Our Benefits]
  • [Our Community Impact]
  • [Our Leadership]

Apply