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Associate Quantitative Risk Analyst Jobs in Storrs, CT

The Hartford

Associate Risk Analyst

Hartford, CT

$69K - $103K/yr

Assoc Risk Analyst - KR08AE We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to ...

CPCU/SFCU

AML/Fraud Risk Specialist

Norwich, CT · On-site

$29 - $42.05/hr

Certified Transaction Monitoring Associate (CTMA) or equivalent certifications, preferred. * Strong ... Has the ability to compile and analyze data, balance figures, and provide accurate, detailed ...

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Associate Quantitative Risk Analyst information

See Storrs, CT salary details

$15

$41

$66

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

As of Aug 4, 2026, the average hourly pay for associate quantitative risk analyst in Storrs, CT is $41.17, according to ZipRecruiter salary data. Most workers in this role earn between $30.34 and $50.10 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 Storrs, CT look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Storrs, CT are:
What cities near Storrs, CT are hiring for Associate Quantitative Risk Analyst jobs? Cities near Storrs, CT with the most Associate Quantitative Risk Analyst job openings:
Associate Quantitative Risk Analyst jobs near you

Associate Risk Analyst

The Hartford

Hartford, CT

$69K - $103K/yr

Full-time

Posted 21 days ago

The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 121 frontline employees who took The Breakroom Quiz

58th of 301 rated insurance

Job description

Assoc Risk Analyst - KR08AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

Description:

Operational Risk Management (ORM) is seeking a highly motivated individual with a passion for the risk management to join the Model Risk Management Team. The Model Risk Management Team manages model risk across The Hartford by working with the businesses to validate critical models and implementing consistent modeling policies and standards.

In this role, the Associate Risk Analyst will support model governance work, assist with model validations, conduct research on emerging risk management best practices/ industry perspectives, and support emerging AI/ Gen AI risk projects.

Responsibilities:

  • Support for day-to-day model validation and governance activities, including:
    • Support management of model inventory and assisting in the maintenance of model policy and standards.
    • Identifying opportunities to improve risk metrics and reporting capabilities.
    • Assisting in the validation of models by reviewing assumptions, testing outputs, and documenting findings in collaboration with validators and model developers.
    • Identify opportunities to enhance, automate, and streamline model validation practices
  • Conduct research on emerging model risk management practices, AI/GenAI governance, and regulatory developments.
  • Assist in developing monitoring and reporting capabilities for traditional, AI, and Generative AI models.
  • Contribute to special projects focused on governance enhancements, operational excellence, and continuous improvement.
  • Provide support for ad hoc requests related to new business initiatives and cross-functional collaborations

Qualifications:

  • Bachelor's degree in mathematics, statistics, data science, actuarial science, or a related discipline.
  • 2+ years of professional experience; prior experience in the insurance industry is preferred.
  • Strong analytical and critical thinking skills with the ability to test hypotheses and solve complex business problems.
  • Proven ability to manage and prioritize multiple responsibilities and deadlines in a dynamic environment.
  • Familiarity with programming languages such as Python, R, VBA, or similar.
  • Effective communicator with the ability to convey technical concepts to both technical and non-technical audiences.
  • Collaborative team player with a demonstrated ability to build strong working relationships and contribute independently.
  • Results-driven, detail-oriented, and accountable, with a flexible and adaptable mindset.
  • Committed to continuous improvement and proactive problem-solving.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$69,200 - $103,800

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us|Our Culture|What It's Like to Work Here|Perks & Benefits

What The Hartford employees say

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Benefits

Hours and flexibility

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Get the full story on Breakroom

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About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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