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Associate Quantitative Risk Analyst Jobs in Mantua, NJ

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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 Aug 21, 2026, the average hourly pay for associate quantitative risk analyst in Mantua, NJ is $37.95, according to ZipRecruiter salary data. Most workers in this role earn between $27.93 and $46.20 per hour, depending on experience, location, and employer.

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 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 job categories do people searching Associate Quantitative Risk Analyst jobs in Mantua, NJ look for?

The top searched job categories for Associate Quantitative Risk Analyst jobs in Mantua, NJ are:

What cities near Mantua, NJ are hiring for Associate Quantitative Risk Analyst jobs?

Cities near Mantua, NJ with the most Associate Quantitative Risk Analyst job openings:

Infographic showing various Associate Quantitative Risk Analyst job openings in Mantua, NJ as of June 2026, with employment types broken down into 2% As Needed, 92% Full Time, 3% Part Time, and 3% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $78,938 per year, or $38 per hour.

Quantitative Analyst: Electricity Markets

PJM Interconnection

Audubon, NJ • On-site

Full-time

Re-posted 16 hours ago


Job description

Quantitative Analyst: Electricity Markets (Audubon, PA): Evaluate, analyze, and monitor wholesale electricity market conditions across PJM of 13 US states and other U.S. ISO/RTO regions to support market operations and system coordination. Develop and apply quantitative models to analyze current electricity and fuel prices, forward price expectations, and market dynamics. Perform statistical and data-driven analysis to assess transmission constraints, congestion patterns, and interregional power flows. Build, maintain, and enhance analytical tools, databases, and dashboards to support market monitoring, risk assessment, and forward-looking insights. Prepare and present analytical reports and market assessments to internal and external stakeholders. Master’s degree in data science or closely related field and 2 years of experience in electricity market analysis. Experience must include quantitative modeling and statistical analysis, Monte Carlo Simulations, power dispatch modeling using, PSS/E, Plexos and Dayzer, Python and SQL.