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Associate Quantitative Risk Analyst Jobs in Bloomington, IN

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Bloomington, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Bloomington, IN

$55K - $115K/yr

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

$55K - $115K/yr

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

$55K - $115K/yr

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Bloomington, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Bloomington, IN · On-site

$55K - $115K/yr

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Retail Store Manager

Martinsville, IN · On-site

  • Medical

  • Retirement

  • PTO

... risk. Follow up with associates and leaders with coaching and accountability as appropriate ... Responsible for analyzing, root cause and responding to a variety of reporting in all areas of the ...

Showing results 41-60

Associate Quantitative Risk Analyst information

See Bloomington, IN salary details

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$37

$60

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

As of Aug 13, 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 is an associate quantitative risk analyst?

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?

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 August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 27% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $77,894 per year, or $37.4 per hour.

Mechanical Engineering Drafting Associate - OCU - Technical - 1st Shift

Cummins Inc.

Columbus, IN

Full-time

Posted 27 days ago


Cummins rating

8.0

Company rating: 8.0 out of 10

Based on 263 frontline employees who took The Breakroom Quiz

136th of 538 rated manufacturers


Job description

We are looking for a talented Mechanical Engineering Drafting Associate to join our team specializing in Engineering for our Cummins Inc. facility in Columbus, IN.

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

  • Uses CAD modeling tools for layout, modeling, and detailing of engine subsystems, components, and interface structures; achieves product designs that meet design criteria and standards through the integration of material and service technologies.  
  • Coordinates and leads drawing quality reviews.  
  • Participates in, leads, and documents design reviews.  
  • Applies Design for 6 Sigma principles and tools as appropriate.  
  • Participates in and leads Classification of Characteristics designation process. Performs and documents Dimensional Variation Analysis as applicable.  
  • Facilitates and documents Failure Modes Effects Analysis (FMEA) process.  
  • Provides engineering resource for product definition information and the product release system.  
  • Investigates and resolves product hardware problems and implements corrective actions.  
  • Provides technical expertise in support of CAD through the development of new and revised Product Specification System Practices (practices/standard for CAD, Drafting, Design, etc.).  
  • Evaluates and implements Product Change Request.  
  • Initiates engineering releases that adhere to product definition standards.  
  • Understands and applies appropriate Company and department rules and guidelines to work and to systems; participates in the maintenance of quality procedures.  
  • Develops and conducts training programs; provides counseling, mentoring, and coaching.  
  • Serves as company representatives in various capacities to customers, suppliers, and outside agencies.  Interacts effectively with all s of employees throughout the company.  
  • Exercises independent decision-making and initiative in determining what needs to be done and planning and implementing the needed activities; performs problem solving, creative technical and analytical work (i.e., Computational Fluid Dynamics, Finite Element Analysis), budget management, and hands-on applications; coordinates programs including planning, scheduling, ordering, and tracking.  
  • Demonstrates adaptability and responsiveness to changing work needs and willingness to undertake new tasks as they become evident; initiates, develops, leads, and participates in improvement projects.  
  • Knows and complies with all safety policies and procedures.  
  • Demonstrates confidentiality as required.  
  • Shares work with exempt and other OCU employees as required.  
  • Manages own work and maintain a flexible schedule in order to meet the demands of priority work; participates in self- and team-audits and associated corrective action; plans and engages in continuous learning in order to be prepared for changing work demands.  Travels as required by the position.  
  • Performs other miscellaneous duties, as required, to get the job done.
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.

Responsibilities:

  • Lead hardware design & integration activities for electronic hardware components (such as wiring harnesses, sensors, and electronic modules) including managing technical profile, Risk Log/DFMEA, DVP&R, Design Reviews, FIRG (7-Step Problem Solving) activities for VPI program projects
  • Work collaboratively and cross-functionally with all key program stakeholders, team members, SMEs, and internal/external suppliers
  • Plan and execute analytical and design activities; generate technical documentation for complex components/sub-systems
  • Create, update, and manage 3D CAD models for electronic hardware across a VPI program

Required experience:

  • Significant 3D CAD modeling
  • Interpretation of schematics and 2D engineering drawings
  • Lead design and integration activities for the electronic hardware sub-system
  • Creating technical documentation to be used in Cross-Functional Design Reviews, Engineering Release activities, Engineering Drawings & Cummins Technical Reports
  • Cross-functional collaboration and project management with a broad range of stakeholders
  • Managing conflicting priorities effectively
  • Drawing data-based conclusions and presenting recommendations to program/project stakeholders

Preferred experience:

  • PTC CREO modeling including electronic hardware, brackets, vibration isolation, and wiring harnesses (CREO Cabling)
  • Creation of schematics and 2D engineering drawings
  • Electronic hardware design/development experience
  • Familiarity with MS Excel/Word/Power Point/Outlook, AVL Concerto, MATLAB, test cell software such as DARTS/Puma, PTC Windchill RV&S, PTC Windchill PLM
  • Guiding and/or conducting SBPD activities and interpreting results
  • Working collaboratively with global stakeholders in VPI projects

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

  • Mechanical Design Modeling and Analysis - Creates Computer Aided Design models in accordance with Cummins' standards to represent architectural or product level system design concepts, and to enable completion of various system-level computer analyses such as Dimensional Variation Analysis and Finite Element Analysis. 
  • Mechanical Design of Mechanical Systems - Acquires and applies an in-depth understanding of mechanical systems through working knowledge that guides a designer's ability to create innovative and sound design concepts to meet Cummins and customer expectations; designs for requirements of all lifecycle stages by considering the customer requirements in different operating environments to ensure a robust system. 
  • Mechanical Design Specification - Creates complete specifications in the form of solid models, configured engineering bill of materials and detailed drawings that cross-functionally communicate the information required to manufacture and inspect a product per its design intent; considers national, international, industry, and Cummins' standards that accurately and concisely define the part specification. 
  • Product Configuration and Change Management - Establishes a baseline of identified product artifacts to be placed under configuration management; releases, tracks, controls and communicates changes from concept to obsolescence often through work requests; establishes and maintains the integrity of the product artifact baselines. 
  • Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences. 
  • Decision quality - Making good and timely decisions that keep the organization moving forward. 
  • Drives results - Consistently achieving results, even under tough circumstances. 
  • Instills trust - Gaining the confidence and trust of others through honesty, integrity, and authenticity. 
  • Manages complexity - Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems. 
  • Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels. 
  • Values differences - Recognizing the value that different perspectives and cultures bring to an organization. 


Education, Licenses, Certifications: 
High school diploma, GED or equivalent required with Department of Labor Certification OR  

Associates degree from an accredited program in a related field and at least two years of relevant experience OR Bachelors degree in a related field.  
Experience: 
Department of Labor Certification OR four year experience/education requirement accomplished through either Bachelors degree in related field OR associates degree in related field and at least two years of relevant experience.


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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