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Associate Quantitative Risk Analyst Jobs in Bloomington, IN

Reduce project risk by applying quality and risk-management tools, partnering across teams to ... Job Summary: Supports projects through qualitative and quantitative analysis; projects may be ...

Lead and develop a team of KYC analysts, driving quality, consistency, and risk-based decision ... Bachelor's degree required; quantitative, technical, or data-oriented degree preferred. Circle is ...

CFP Tutor

Bloomington, IN · Remote

$40/hr

... risk management and insurance, investment planning, tax planning, retirement savings and planning ... analysis, case study question strategies, and quantitative calculation approaches for CFP ...

... risk assessments of the organization's operations. 2. Review and update the bank's BSA Compliance ... Associates degree in business or banking or 2 years in banking with a strong knowledge of bank ...

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Associate Quantitative Risk Analyst information

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

As of Jun 10, 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 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 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:
Infographic showing various Associate Quantitative Risk Analyst job openings in Bloomington, IN as of June 2026, with employment types broken down into 66% Full Time, 33% Part Time, and 1% Contract. Highlights an 82% Physical, 7% Hybrid, and 11% Remote job distribution, with an average salary of $77,894 per year, or $37.4 per hour.
M&A and Transformation Analyst

M&A and Transformation Analyst

Cummins

Columbus, IN

Full-time

Posted 13 days ago


Cummins rating

8.1

Company rating: 8.1 out of 10

Based on 244 frontline employees who took The Breakroom Quiz

105th of 516 rated manufacturers


Job description

We are looking for a talented M&A and Transformation Analyst to join our team specializing in General Management for Cummins Inc. in Columbus, IN.

In this role, you will make an impact in the following ways: 

  • Support multiple projects end-to-end, translating business priorities into clear scopes, performance goals, timelines, and milestones that keep work aligned and on schedule. 
  • Drive strong execution by proactively identifying issues, coordinating resolutions, and removing blockers before they impact delivery or outcomes. 
  • Maintain visibility and alignment by consistently monitoring progress and communicating clear, timely status updates to project teams and stakeholders. 
  • Manage project budgets and timelines through data-driven research and analysis, ensuring efficient use of resources and informed decision-making. 
  • Reduce project risk by applying quality and risk-management tools, partnering across teams to develop practical mitigation strategies and solutions. 
  • Strengthen organizational capability by documenting lessons learned and sharing best practices to improve the success of future projects. 
  • Ensure transparency and accountability by maintaining accurate project documentation, tracking key measures, and regularly updating sponsors and stakeholders. 
  • Build high-performing project teams by coaching team members through project phases, and providing ongoing developmental feedback.
Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.

Education/Experience

Education, Licenses, Certifications:

College, university, or equivalent degree required.

Experience:

Intermediate level of relevant work experience, including team leadership experience, required.

Additional Responsibilities:

Job Summary:

Supports projects through qualitative and quantitative analysis; projects may be within a business unit, across multiple business units, involve an acquisition / separation / restructure of a business, to produce recommendations for addressing transformation opportunities for the business.

Key Responsibilities:

  • Supports M&A projects including potential acquisitions and divestitures, and business transformation.
  • Maintains M&A program management tool, M&A integration playbook consistency, support Integration Leader, support aspects of the integration. Support work with business and functional leaders to define tangible and measurable business outcomes and achieving those business outcomes.
  • Utilizes future-ready technology capabilities (e.g. AI capabilities, full utilization of program / project management software, agile, benchmarking, building capability, gold star standard) to enhance efficiencies, effectiveness, accountability, and faster transitions. Trains and coaches in the use of program management software along with other technological solutions.
  • Performs detailed financial and strategic analysis under direction and support of M&A and Global Transformation Office.
  • Supports project governance, ensures compliance with PMO standards, and ensures appropriate escalation for project risks and issues along with solution options and recommendations.
  • Supports development and maintenance of process documentation, templates, and examples.

Competencies:

  • Balances stakeholders - Anticipating and balancing the needs of multiple stakeholders.
  • Strategic Problem Solving - Drives solutions to strategic problems that fall outside of past experience through a top-down, hypothesis-driven approach with frequent iteration that evolved with diverse learnings gathered through the course of the project.
  • Complex Problem Solving - Synthesizes large volumes of data and conflicting inputs to identify root causes, develop actionable solutions, and make informed decisions that address multifaceted business challenges.
  • Demonstrates Motivation and Sense of Ownership - Feels and projects a high degree of motivation and sense of ownership for the project outcomes and the success of the Business.
  • Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.

Preferred Education:

Bachelor's degree required - degree in Engineering, IT, Finance, Accounting, Business, Strategy preferred.

Preferred Experience:

  • 2-4 years of experience required, experience in M&A or transformation projects preferred.
  • Cross Functional project experience preferred.

To be successful in this role you will need the following:

  • Strong issue and risk management discipline - Ability to proactively identify, assess, prioritize, and mitigate project risks and issues using standard tools and methodologies to protect outcomes and drive positive results.
  • Effective resource management - Capability to plan and manage expense and headcount resources using established project management processes to ensure optimal utilization and delivery.
  • Rigorous schedule management - Skill in building, maintaining, and controlling project schedules with recommended tools to ensure milestones are met and commitments are delivered on time.
  • Clear scope control - Consistent management of project deliverables to ensure work remains aligned to agreed scope, preventing scope creep while delivering all required outcomes for project success.
  • Values differences - Recognizing the value that different perspectives and cultures bring to an organization

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About Cummins

Sourced by ZipRecruiter

Cummins Inc., headquartered in Columbus, IN, US, is a global power leader that designs, manufactures, and distributes numerous power products and systems. With its genesis from as early as 1919, the company readily serves diverse industries such as transportation, industrial, generator drive, or marine applications, among others. At the heart of Cummins' operations, its key product lineup encompasses diesel & natural gas engines, generator sets, engine components, and filtration, emission solutions, and electrical power generation systems. Cummins deeply embodies core values of integrity, respect for diversity, teamwork, performance excellence, and social responsibility - all of which dynamically fuel their mission 'Making people's lives better by powering a more prosperous world'.

Industry

Transportation equipment manufacturing

Company size

10,000+ Employees

Headquarters location

Columbus, IN, US

Year founded

1919