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Associate Quantitative Risk Analyst Jobs in Norfolk, VA

Performing financial modeling, quantitative risk analysis, and advanced regulatory complianc * Working with U.S. and international credit regulations, ensuring full compliance with financial ...

Regional Credit Controller

Chesapeake, VA · On-site

$100K - $111K/yr

Performing financial modeling, quantitative risk analysis, and advanced regulatory complianc * Working with U.S. and international credit regulations, ensuring full compliance with financial ...

Senior Operations Research Analyst (N)

Norfolk, VA · On-site

$112K - $112K/yr

Conduct research to study and establish qualitative and quantitative assessments of operational effectiveness, undertake cost-effectiveness and risk-benefit studies and analyses. * Attend engagements ...

Sr Analyst

Virginia Beach, VA · On-site

$83K - $110K/yr

Experience with providing strategies and recommending solutions for risk mitigation * Experience in conducting quantitative and qualitative analysis and evaluations Physical Requirements: While ...

Sr Analyst

Virginia Beach, VA · Hybrid

$83K - $110K/yr

Experience with providing strategies and recommending solutions for risk mitigation * Experience in conducting quantitative and qualitative analysis and evaluations Physical Requirements: While ...

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Associate Quantitative Risk Analyst information

See Norfolk, VA salary details

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$39

$63

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

As of Jun 23, 2026, the average hourly pay for associate quantitative risk analyst in Norfolk, VA is $39.17, according to ZipRecruiter salary data. Most workers in this role earn between $28.85 and $47.69 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 software like Excel, R, or Python to support risk management strategies. 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.

Is a quant analyst a high paying job?

A quantitative risk analyst typically earns a competitive salary, especially in finance and investment firms, with compensation often increasing with experience, advanced degrees, and specialized skills in programming and statistical analysis. While salaries vary by location and employer, the role is generally considered well-paying within the finance industry.

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 at Morgan Stanley is typically between $80,000 and $150,000 annually, depending on experience, location, and level of seniority. 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 is the salary of a quant risk analyst?

The salary of a quantitative risk analyst typically ranges from $70,000 to $150,000 annually, depending on experience, location, and the complexity of the role. 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 are popular job titles related to Associate Quantitative Risk Analyst jobs in Norfolk, VA? For Associate Quantitative Risk Analyst jobs in Norfolk, VA, the most frequently searched job titles are:
What job categories do people searching Associate Quantitative Risk Analyst jobs in Norfolk, VA look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Norfolk, VA are:
What cities near Norfolk, VA are hiring for Associate Quantitative Risk Analyst jobs? Cities near Norfolk, VA with the most Associate Quantitative Risk Analyst job openings:
Senior Risk Adjustment Analyst

Senior Risk Adjustment Analyst

Elevance Health

Norfolk, VA • Hybrid

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Elevance Health rating

7.8

Company rating: 7.8 out of 10

Based on 334 frontline employees who took The Breakroom Quiz

165th of 261 rated insurance


Job description

Location: Norfolk VA, Mason OH, Indianapolis IN, Louisville KY, Grand Prairie TX, Tampa FL, Atlanta GA

Hours: Standard Working hours

Travel: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless accommodation is granted as required by law.


Position Overview:

The Senior Risk Adjustment Analyst is a high-impact individual contributor on Elevance's Medicare Advantage Risk Adjustment team, reporting directly to the Staff VP of Analytics/Decision Support. This role is responsible for conducting advanced data analysis, building and maintaining HCC performance reporting, supporting predictive modeling initiatives and monitoring vendor performance. The Sr. Analyst serves as a key analytical resource, translating complex data into actionable insights for both clinical and operational stakeholders.

How You Will Make an Impact:

  • Design, develop, and maintain risk adjustment performance dashboards and reports using Power BI, Tableau, or equivalent tools to monitor KPIs

  • Write and optimize complex SQL queries to extract, transform, and analyze large datasets from data warehouses and payer/provider data systems

  • Support the development and validation of predictive models for HCC suspecting, risk score forecasting, and provider performance stratification

  • Prepare and present analytical findings, trend analyses, and performance summaries to key internal stakeholders

  • Mentor junior analysts and coordinators, providing guidance on analytical methods, data interpretation, and risk adjustment concepts

  • Support cross-functional initiatives in quality, population health, provider engagement and finance as they relate to risk adjustment analytics

  • Maintains active relationships with customers to determine business requirements, leads requirement meetings

  • Proactively addresses customer issues, prepares alternatives and implements solutions

  • Collaborates with engineers for creative ideas for supporting interactive content, analyzes and classifies complex change request and reviews and evaluates possible enhancements

  • Identifies and manages risks and develops contingency plans

  • Partners with business, architecture and infrastructure and oversees all service levels

  • Develops and defines application scope and objectives, including impact to interfaces

  • Analyzes and evaluates detailed business and technical requirements

  • Mentors others on coding standards and performs code reviews

  • Supervises others on developing application internals for usability, reliability and scalability requirements

  • Ensures system testing is completed and meets the test plan requirements

  • Coordinates integration activities with other IT to ensure successful implementation and support of project efforts

  • Assesses current status and supports BI planning efforts

  • Mentors and assists in training initiatives and performs estimates for costs and impacts

  • Manages small to medium projects, potentially leading global projects

  • Mentors and provides training, conducts vendor evaluations and manages pilots for Business Intelligence tool upgrades

Required Qualifications:

  • Requires an BA/BS degree in Information Technology, Computer Science or related field of study and minimum of 5 years experience with multi platform, two or more BI applications and/or multiple Business Intelligence tools required; or any combination of education and experience, which would provide an equivalent background.

Preferred Qualifications:

  • Medicare Advantage or commercial Risk adjustment data analysis experience is a must have

  • SQL experience strongly preferred

  • Intermediate Excel experience preferred

  • Power BI experience is nice to have

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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