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Associate Quantitative Risk Analyst Jobs in Toronto, ON

The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models ...

Integrate quantitative and qualitative risk analysis into project forecasts. * Lead RM3 activities, including audit preparation and coordination. * Act as key contact for audits, inspections, and ...

Developing and undertaking Quantitative Risk Analysis, including Cost, Schedule and integrated Cost and Schedule analysis * Facilitation of risk workshops in the client's environment * Analyze ...

We are recruiting for Associates in the Risk department for a full-time rotational program based in ... Contribute to integrated risk insights by synthesizing quantitative analysis with qualitative ...

The Total Plan Risk Management team is accountable for driving the development of risk insights across OMERS through both advanced quantitative and thoughtful qualitative analysis. The team is a ...

Conduct risk evaluation using both qualitative and quantitative analysis methods. * Develop and deploy quantitative risk assessment approaches. * Work with management and joint venture partners to ...

Leads and directs the delivery of Quantitative Risk Analysis (cost and time). * Advises on the adequacy of contingency as part of the regular reporting cycle as required. * Ensures all activities ...

... Senior Analyst on the Capital Markets Risk Management (CMRM) team, you'll assist the Director ... Domain Knowledge - You have a degree in a quantitative field; a relevant professional designation e ...

About The Role HUB International's Alternative Risk Solutions practice is hiring a Senior Actuarial Consultant to lead captive advisory, broking, and quantitative risk analysis engagements. This is a ...

About the Role: As a Quantitative Trader, you'll play a key role in managing market risk and ... Monitor and analyse all external trading costs, identifying significant changes and suggesting cost ...

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Associate Quantitative Risk Analyst information

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.
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Re-posted 7 days ago


Job description

About Us

At CAA Club Group, we are passionate about keeping our Members safe - whether they are on the road, at home, or travelling abroad. As a trusted Member-based organization, we provide products and services that are essential to Members' safety and peace of mind. With over 2.6 million Members across Ontario and Manitoba, we advocate on issues such road safety and infrastructure, the environment, seniors' mobility, and consumer protection. Associates share in each other's successes, drive change and support each other while cultivating a great working environment to deliver on what is best for our Members. CAA Club Group is a member of the CAA Club Group of Companies.

Who we are

Are you ready to join an award-winning, purpose-driven culture? Welcome to the CAA Club Group of Companies (CCG), where purpose leads to passion!


At CCG, we are committed to delivering an exceptional Associate experience. We offer:

Work-life harmony with access to an award-winning holistic wellness program,
 Continuous learning through our robust corporate curriculum and education reimbursement program,
 Incredible rewards, travel incentives, and product and service discounts,
 Pay-for-performance and best-in-class recognition programs, and
 Competitive benefits that include a defined contribution plan, personal spending account, and so much more.

Join our growing team where everyone belongs!

Position Details

What You Will Do

  • Support in the implementation of ERM tools and techniques
  • Coordinate risk team programs from initiation to completion, ensuring timelines and deliverables are met
  • Manage the risk team calendar, including scheduling meetings, tracking deadlines, and coordinating task assignments.
  • Use technology platforms (e.g., task management tools, dashboards) to monitor progress and ensure accountability
  • Identify and implement process improvements using technology to enhance team productivity
  • Provide organizational support for quarterly executive risk committees including meeting coordination, agenda setting, documentation, and follow-ups
  • Coordinate with stakeholders to ensure timely submission and review of committee documentation
  • Understand CCG's environment and organizational needs to help the business identify, assess and monitor risks
  • Collaborate cross-functionally to manage and update risk-related policies, frameworks, and procedures while ensuring alignment with organizational standards and regulatory requirements
  • Assist with the development and enhancement of key risk indicators (KRIs)
  • Build collaborative and productive working relationships across the organization by establishing, maintaining, and continuously improving upon the risk management capabilities, promoting risk awareness, and intelligent risk taking
  • Enable effective management of risk at the front-line level by assisting the Manager, Risk Reporting in coaching business partners on risk management best practices such as developing policies and guidelines
  • Support the enhancement of our risk appetite frameworks, ensuring that appropriate risk exposure metrics are included to provide coverage and that there is an effective monitoring program and escalation process in place
  • Manage technology supporting signatures on contracts and policies.

Please note, salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate's skills, experience and working location, as well as the specific position's business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.


Who You Are

  • Bachelors or equivalent degree in Business Admin/Commerce/Finance/Risk Management
  • Risk related designation (i.e. CRM, CRMP) would be an asset
  • 2+ years' experience in related role (reporting, administration, project management, risk management, policy management, etc.)
  • Experience working on projects/programs that involved cross-functional stakeholders
  • Ability to cater and customize communications to suit the needs of various stakeholders
  • Proficiency with MS Teams, PowerPoint, Word, Excel, Co-pilot
  • Basic understanding of Governance/Risk control frameworks and application at the 2nd Line of Defense
  • Prior experience with insurance industry would be advantageous.

Please note that internal applicants are asked to formally express their interest by applying online no later than 10 business days of the position being posted.


Please note that we may use AI tools to help us through the recruitment process.

Our Commitment

We are an equal opportunity employer and are committed to providing employment accommodation in accordance with all applicable Provincial Human Rights and Accessibility Legislation. CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.