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Associate Quantitative Risk Analyst Jobs in Farmington, CT

Risk Director

Hartford, CT · On-site

$130K - $150K/yr

This associate will need to embody the following to achieve this. * Ability to navigate a matrix ... Monitor and analyze risk exposures * Lead risk analysis of in-force and transaction initiatives

Collects, analyzes and interprets data and statistics using quantitative and qualitative ... Knowledge, Skills, and Abilities Maintains knowledge of high risk Homeland Security Targets within ...

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

As of May 30, 2026, the average hourly pay for associate quantitative risk analyst in Farmington, CT is $42.94, according to ZipRecruiter salary data. Most workers in this role earn between $31.63 and $52.26 per hour, depending on experience, location, and employer.

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.

What are popular job titles related to Associate Quantitative Risk Analyst jobs in Farmington, CT? For Associate Quantitative Risk Analyst jobs in Farmington, CT, the most frequently searched job titles are:
What job categories do people searching Associate Quantitative Risk Analyst jobs in Farmington, CT look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Farmington, CT are:
What cities near Farmington, CT are hiring for Associate Quantitative Risk Analyst jobs? Cities near Farmington, CT with the most Associate Quantitative Risk Analyst job openings:
Lead, Project Controls, Risk Management & EVM (Hybrid Schedule)

Lead, Project Controls, Risk Management & EVM (Hybrid Schedule)

Eversource Energy

Hartford, CT • On-site

Full-time

Posted 11 days ago


Eversource Energy rating

8.8

Company rating: 8.8 out of 10

Based on 65 frontline employees who took The Breakroom Quiz

6th of 50 rated energy and utility


Job description

Eversource will not offer immigration-related sponsorship for this position (e.g., H-1B, O-1, J-1, TN, E-3, etc.). Applicants requiring visa sponsorship to start employment with Eversource will not be considered.
Our Team
We have an exciting leadership role in our Transmission Project Controls Risk Management and EVM Team. The responsible person will lead and supervise a team of Project Controls Analysts and Specialists to support and oversee the risk management and EVM processes and initiatives within the Project Controls Department. This includes developing and providing procedures, processes, practices, tools, dashboards, reports and systems necessary to effectively and proactively manage, control and report on the risk and EVM performance for projects managed by the Transmission Organization.
This role supports the development, maintenance and reporting of Key Project Indicators (KPI's) for progress measurement, risk management and EVM, and other key metrics. The goal is to use these to continuously drive effectiveness, efficiencies and performance in support of the Project Management Organization.
This role in a risk management capacity facilitates the production of a variety of complex reports and analyses in support of Eversource's project initiation, planning, execution, control, compliance and close-out initiatives.
The lead will work closely with all functional departments and tasked with ensuring adherence to Eversource's policies, procedures, and standards and directly supervises Project Controls team members.
The role can be based out of Hartford, CT, or Westwood, MA
Essential Functions:
  • Supports the development, implementation, management and continuous improvement for Project Risk and Earned Value Management, Project Performance processes, methodologies, procedures and services including, but not limited to:
  • Builds and leads a diverse, cohesive team to meet the department and strategic needs of Eversource.
  • Provides direction and coaching as needed to the Risk and EVM team members.
  • Evaluates team performance, training needs and provides development opportunities as appropriate.
  • Supports the development and maintenance of risk management and EVM policies and procedures.
  • Review and update the Project Risk Management (PRM) and Earned Value Management (EVM) Plans in collaboration with relevant stakeholders.
  • Lead in initiating and coordinating all PRM and EVM activities, including reviewing risk register, risk requiring action (RRAs) reviews, EVM project and portfolio performance, forensic analysis of cost and schedule and status reporting. Facilitate cross-functional collaboration and ensure timely completion of all deliverables.
  • Ensure compliance of the Risk Registers being maintained in the system of record as a central repository of all identified risks, their attributes, and corresponding response plans.
  • Work with project stakeholders to:
  • Update the Risk Register to reflect changes in risk exposure, mitigation efforts, and residual risks
  • Evaluate EVM performance, establish Project Controls recommendations for corrective actions
  • Implement risk management and EVM tools and provide training sessions and ongoing guidance to project team members and stakeholders on the project risk management and EVM processes, including management principles, techniques, and tools.
  • Foster a culture within the project environment that drives a proactive approach in risk management and achieving high levels EVM performance.
  • Works with project stakeholders including but not limited to Project Management, Investment Planning, Operations, Contract Administration, Planning & Scheduling, Engineering, Procurement, Materials Management, Estimating and Project Performance to ensure risk management and EVM Performance Measurement methodologies are in alignment with corporate goals and strategies.
  • Work with other stakeholders and management teams to oversee the quantitative risk analysis process and tools, which include techniques such as Earned Value Management (EVM), Monte Carlo simulation, sensitivity analysis, and probabilistic modeling.
  • Collaborate with relevant stakeholders to ensure the accuracy and reliability of risk assessment and EVM results.
  • Produce risk and EVM metrics, interpret the results of quantitative risk analysis, CPI & SPI performance and other monitoring activities to identify trends, emerging risks, and areas of concern.
  • Provide insightful recommendations based on EVM performance, risk levels, risk and EVM response strategies, and project control actions based on these findings.
  • Responsible for monitoring risk and EVM against the Transmission Capital Portfolio and execution readiness.
  • Perform forensic, deep dive root cause analysis of risk and EVM performance (cost, schedule and scope) driving visibility and corrective or preventive actions to assure compliance to the project plan.
  • Prepare written reports, presentations and correspondence as requested.

Technical Knowledge/Skill/Education/Licenses/Certifications:
  • Possess a robust understanding of project management principles, processes, methodologies, and practices acquired through experience in project delivery roles.
  • Knowledge of the utility energy delivery industry.
  • Knowledge of risk management, EVM, finance, and analytics.
  • Ability to anticipate, define and manage solutions to complex, interrelated risk management, EVM, finance and /or regulatory issues.
  • Experience with implementing systems, Migrating and integrating data from several source systems.
  • Exhibit proficiency in quantitative techniques associated with risk management, such as Monte Carlo analysis, statistical modeling, and data-driven decision-making.
  • Interpret numerical data accurately and derive actionable insights to inform risk mitigation and EVM corrective action strategies.
  • Must be able to facilitate discussions, gain consensus, develop action plans and drive implementation.
  • Ability to think and act strategically in a fast-paced environment with frequently shifting and/or conflicting priorities.
  • Ability to work effectively with various levels within the organization.
  • Ability to monitor and analyze risk and EVM information and make recommendations.
  • Excellent verbal and written communication skills and the ability to present in front of large audiences
  • The individual must be self-reliant with a strong sense of self-motivation, possess good communication skills, and demonstrate the ability to set priorities and support diverse needs.
  • Previous experience as a people leader and / or working in team environments as well as supporting process improvements and group facilitation.
  • This position requires a working knowledge of the fundamentals of project management, risk management, cost controls, scheduling techniques, and any PMIS systems.

Education:
  • Bachelor's degree in engineering, economics, IT, accounting, finance, business/management or related degree is required
  • Equivalent experience in lieu of a bachelor's degree will be considered
  • Advanced degree in related field is highly desirable

Experience:
  • Minimum of 10 years of related experience is required
  • Minimum 1 year of leadership experience
  • Experience in Utility and Energy Delivery is preferred
  • Oracle Primavera P6 or OPC scheduling is preferred

Licenses & Certifications:
  • Project Management certification (PMP) is highly desirable
  • Risk Management Certification (RMP and ISO 31000) is highly desirable
  • Six Sigma is highly desirable

Working Conditions:
  • Must be available to work emergency restoration assignment as required.
  • Must be available to travel between MA/CT/NH as necessary
  • Hybrid Schedule: Eversource supports work-life balance by offering hybrid schedules for certain roles. Eligibility is based on job responsibilities, operational needs, nature of work and team dynamics. Current guidelines require employees to work at least three days in the office, including Tuesdays and Wednesdays, with the third day set by the employee and supervisor based on department needs. These guidelines apply to roles approved for remote work and are subject to change, based on managerial discretion and work performance. All applicants must be able to work for up to five days in the office if needed (for example: emergencies, training, or other business needs) or should the policy change.

#LI-ES3
#LI-Hybrid
#tranajd
#LI-BC1
Competencies:
Build trusting relationships
Manage and develop people
Foster teamwork and cross-functional collaboration
Lead change
Communicate strategic vision
Create an engaged workforce
Focus on the customer
Take ownership & accountability
Compensation and Benefits:
Eversource offers a competitive total rewards program. Check out our careers site for an overview of our benefits programs. Salary is commensurate with your experience. This position is eligible for a potential incentive. The annual salary range for this position is:
$147,600.00-$164,000.00
Worker Type:
Regular
Number of Openings:
1
Emergency Response:
Responding to emergency situations to meet customers' needs is part of every employee's role. If employed, you will be given an Emergency Restoration assignment. This means you may be called to assist during an emergency outside of your normal responsibilities, work hours and location.
EEO Statement:
Eversource Energy is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, sexual orientation, gender identity, national origin, religion, disability status, or protected veteran status.
VEVRRA Federal Contractor

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