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Associate Quantitative Risk Analyst Jobs in Rock Island, IL

... risk. Performs activities according to project plans and schedule. Has contact primarily focused ... Analytical skills. Able to work in a global environment and work effectively with a team Work on ...

... risk. Performs activities according to project plans and schedule. Has contact primarily focused ... Analytical skills. Able to work in a global environment and work effectively with a team Work on ...

Actuarial Student

Rock Island, IL · On-site

$64K - $70K/yr

Demonstrated familiarity with quantitative analysis applications including database query language(s), programming language(s), actuarial modeling software, reserving systems, and other analytical ...

You'll conduct comprehensive risk assessments, analyze safety data, and implement practical solutions that protect associates while supporting productivity. Your ability to build relationships and ...

You'll conduct comprehensive risk assessments, analyze safety data, and implement practical solutions that protect associates while supporting productivity. Your ability to build relationships and ...

You'll conduct comprehensive risk assessments, analyze safety data, and implement practical solutions that protect associates while supporting productivity. Your ability to build relationships and ...

Material Coordinator

Davenport, IA · On-site

$44K - $66K/yr

... high-risk parts * Investigate and resolve shortages through root cause analysis (usage, BOM ... Associate's degree in Supply Chain, Operations, Business, or related field (or equivalent ...

... high-risk parts * Investigate and resolve shortages through root cause analysis (usage, BOM ... Associate's degree in Supply Chain, Operations, Business, or related field (or equivalent ...

Corporate M&A Associate

Davenport, IA · Remote

$90 - $130/hr

Your work will directly improve how these systems identify risk and interpret contract language to ... Strong analytical capabilities and ability to translate legal expertise into actionable feedback ...

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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 2, 2026, the average hourly pay for associate quantitative risk analyst in Rock Island, IL is $38.41, according to ZipRecruiter salary data. Most workers in this role earn between $28.27 and $46.73 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 programming languages like Python or R, as well as risk management software, to monitor and mitigate risks within organizations. 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.

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 is typically between $80,000 and $150,000 annually, depending on experience, location, and the firm. At firms like Morgan Stanley, salaries can vary based on seniority, with entry-level roles starting around $80,000 and more experienced analysts earning over $130,000, often supplemented by bonuses and benefits.

Is a quant analyst high paying?

A quantitative risk analyst typically earns a high salary compared to many other finance roles, especially with advanced skills in mathematics, programming, and data analysis. Compensation varies by industry, experience, and location but often includes bonuses and incentives due to the specialized nature of the work.

What is the salary of a quant risk analyst?

The average salary of a quantitative risk analyst typically ranges from $70,000 to $150,000 annually, depending on experience, location, and industry. 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 job categories do people searching Associate Quantitative Risk Analyst jobs in Rock Island, IL look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Rock Island, IL are:
What cities near Rock Island, IL are hiring for Associate Quantitative Risk Analyst jobs? Cities near Rock Island, IL with the most Associate Quantitative Risk Analyst job openings:
Infographic showing various Associate Quantitative Risk Analyst job openings in Rock Island, IL 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 $79,885 per year, or $38.4 per hour.

Senior Data Scientist- Rock Island, IL with Security Clearance

Serco Inc.

Rock Island, IL • On-site

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New


Job description

Position Description & Qualifications If you love high profile and challenging projects supporting the US Army, then Serco has a great opportunity for you! As a Senior Data Scientist, you will be part of the Global Logistics and Support Services (GLASS) team supporting Army Sustainment Command (ASC) and the Lead Material Integrator (LMI) at Rock Island, IL. Bring your expertise and collaborative skills to make an difference on high-visibility, influential projects. At Serco, we foster a dynamic and collaborative work environment where team members contribute to innovative, high-impact projects for leading government clients. We provide opportunities to solve complex challenges, improve processes, and utilize the latest technologies to deliver top-tier products and services to our customers. The positions on this contract are located both CONUS and OCONUS in support of Army Sustainment Command (ASC). In this role, you will: * Perform advanced analysis and analytics to produce algorithms and/or business process recommendations. * Develop and use data, algorithms, and analyses to identify and apply mechanisms to both overcome impediments to materiel readiness and exploit opportunities to improve readiness through feasible, cost-effective software and business process improvements, changes, and interventions. * Forecast and address complex analytical challenges and identify the challenges and opportunities within systems, develop comprehensive solutions, and incorporate these capabilities solutions into software and workflows. * Develop analytics and process solution sets, the criteria for recommended algorithms and processes shall include preference for efficient methods that use as simple of a process as possible given the current state-of-the-art practices. The analytics and process solution sets shall provide appropriate, economic savings-driven answers. * Regularly identify and communicate courses of actions required for program and project success, including appropriate reporting processes and applicable metrics to monitor and assess outcomes. * Proactively identify mechanisms to improve mission performance. * Use appropriate quantitative analytics techniques to include time series analysis and forecasting, advanced multivariate regression (including Probit and Logit Models), systems dynamics modelling, Bayesian inference procedures, minimax procedures (statistical), subjective probability utilization, expected utility analysis, operational risk analysis, and uncertainty evaluation. * Use appropriate qualitative analytics techniques to include multi-criteria decision analysis, qualitative comparative analysis, causal mapping, formal game theory, minimax procedures (game theory), decision architecture, systems architecture analysis, organizational analysis and structural reform, supply chain analysis,and multinational best practices (military and industry) evaluation. * Use logistics and agent-based modeling and simulation. * Conduct business process analysis and optimization across the Doctrine, Organization, Training, Materiel, Leadership, Education, Personnel, Facilities, Policy (DOTMLPF-P) spectrum and beyond. * Produce formal use cases, software program change requests, and other required documentation for technology insertion into related defense logistics support software. * Interface and liaise with software program offices and contractors. * Develop requirements for defense analytics software. * Conduct stakeholder analysis and create products for stakeholder communications and messaging. To be successful in this role, you will have: * An Active Secret Clearance or an interim Secret Clearance. * U.S. Citizenship * A Master's Degree in data science, mathematics, statistics, economics, computer science, engineering, or other related business or quantitative discipline. * Minimum 4 years of experience working directly on a data science team. * Superior communication skills, both oral and written. * Experience working with tools, including objectoriented programming (Python, Java), computational analysis tools (R, MATLAB), and associated data science libraries (scikit-learn). * Experience creating meaningful data visualizations and interactive dashboards using platforms such as Tableau, Qlik, Power BI, RShiny, plotly, and d3.js to communicate findings and relate them back to how your insights create business impact. * Working knowledge of databases and SQL. * Preferred qualifications include linking analytic and data visualization products to database connections. * Familiarity with data science methods related to data architecture, data munging, data and feature engineering, and predictive analytics. * Familiarity with unstructured text and natural language processing, R, Python, SAS, MATLAB, Anaconda, IBM Blue, and Oracle Big Data to analyze large data sets and develop automated analytics. * Familiarity with machine learning, data mining, statistical network, natural language processing, text analytics, and graph-based algorithms to analyze massive data sets. * Familiarity with supervising algorithm implementation in on premise and cloud-based computing environments. * Familiarity with developing software to generate reports and visualizations that summarize data sets and provide data-driven insights. * Familiarity with developing and implementing statistical, machine learning, and heuristic techniques to create descriptive, predictive, and prescriptive analytics as well as to develop statistical tests to make data-driven recommendations and decisions. * The ability to travel up to 10%. Company Overview Serco Inc. (Serco) is the Americas division of Serco Group, plc. In North America, Serco's 9,000+ employees strive to make an impact every day across 100+ sites in the areas of Defense, Citizen Services, and Transportation. We help our clients deliver vital services more efficiently while increasing the satisfaction of their end customers. Serco serves every branch of the U.S. military, numerous U.S. Federal civilian agencies, the Intelligence Community, the Canadian government, state, provincial and local governments, and commercial clients. While your place may look a little different depending on your role, we know you will find yours here. Wherever you work and whatever you do, we invite you to discover your place in our world. Serco is a place you can count on and where you can make an impact because every contribution matters. To review Serco benefits please visit: https://careers.serco-na.com/us/en/what-we-offer . If you require an accommodation with the application process please email: or call the HR Service Desk at 800-628-6458, option 1. Please note, due to EEOC/OFCCP compliance, Serco is unable to accept resumes by email. Candidates may be asked to present proof of identify during the selection process. If requested, this will require presentation of a government-issued I.D. (with photo) with name and address that match the information entered on the application. Serco will not take possession of or retain/store the information provided as proof of identity. For more information on how Serco uses your information, please see our Applicant Privacy Policy and Notice. Serco does not accept unsolicited resumes through or from search firms or staffing agencies without being a contracted approved vendor. All unsolicited resumes will be considered the property of Serco and will not be obligated to pay a placement or contract fee. If you are interested in becoming an approved vendor at Serco, please email . Serco is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. Pay Transparency Our Total Rewards package includes competitive pay, performance-based incentives, and benefits that promote well-being and work-life balance-so you can thrive both professionally and personally. Eligible employees also gain access to a wide range of benefits from comprehensive health coverage and health savings accounts to retirement plans, life and disability insurance, and time-off programs that support work-life balance. Program availability may vary based on factors such as contract type, location, hire date, and applicable collective bargaining agreements. Salary range: The range for this position can be found at the top of this posting. This range is provided as a general guideline and represents a good faith estimate across all experience levels. Actual base salary will be determined by a variety of factors, including but not limited to, the scope of the role, relevant experience, job-related knowledge, education and training, key skills, and geographic market considerations. For roles available in multiple states, the range may vary to reflect differences in local labor markets. In addition to base salary, eligible positions may include other forms of compensation such as annual bonuses or long-term incentive opportunities. Benefits - Comprehensible benefits for full-time employees (part-time employees receive a limited package tailored to their role): * Medical, dental, and vision insurance * Robust vacation and sick leave benefits, and flexible work arrangements where permitted by role or contract * 401(k) plan that includes employer matching funds * Tuition reimbursement program * Life insurance and disability coverage * Optional coverages that can be purchased, including pet insurance, home and auto insurance, additional life and accident insurance, critical illness insurance, group legal, ID theft protection * Birth, adoption, parental leave benefits * Employee Assistance Plan To review all Serco benefits please visit: https://careers.serco-na.com/us/en/about-us . Serco complies with all applicable state and local leave laws, including providing time off under the Colorado Healthy