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Associate Quantitative Risk Analyst Jobs in Urbana, IL

Varsity Tutors

Business Statistics Tutor

Champaign, IL · Remote

$18 - $40/hr

... quantitative coursework. * Conceptual Teaching & Problem-Solving: Skilled at breaking down ... risk analysis. * Curriculum Awareness & Adaptive Instruction: Familiar with business statistics ...

Carle Health

Workday Finance IS Analyst

Champaign, IL · On-site

$35.62 - $61.27/hr

Associate's Degree; Experience In Lieu of Education, Work Experience: Finance; Project management ... Understands and uses qualitative/quantitative measurement and data collection design principles.

Carle Health

Workday Finance IS Analyst

Champaign, IL · On-site +1

$35.62 - $61.27/hr

Understands and uses qualitative/quantitative measurement and data collection design principles ... Associate's Degree; Experience In Lieu of Education, Work Experience: Finance; Project management ...

Carle Health

Workday Finance IS Analyst

Champaign, IL · On-site

$35.62 - $61.27/hr

Associate's Degree; Experience In Lieu of Education, Work Experience: Finance; Project management ... Understands and uses qualitative/quantitative measurement and data collection design principles.

Carle Health

Workday Finance IS Analyst

Champaign, IL

$35.62 - $61.27/hr

Understands and uses qualitative/quantitative measurement and data collection design principles ... Associate's Degree; Experience In Lieu of Education, Work Experience: Finance; Project ...

Varsity Tutors

CFP Tutor

Champaign, IL · Remote

$35 - $40/hr

... risk management and insurance, investment planning, tax planning, retirement savings and planning ... analysis, case study question strategies, and quantitative calculation approaches for CFP ...

Gopuff

Operations Associate, Urbana, #37

Urbana, IL · On-site

$15/hr

We're assembling a team of thinkers, dreamers and risk takers who are ready to help us reshape the ... reviewing applications, analyzing resumes, or assessing responses and identifying potential ...

Gopuff

Operations Associate, Urbana, #37

Urbana, IL

$15/hr

We're assembling a team of thinkers, dreamers and risk takers who are ready to help us reshape the ... reviewing applications, analyzing resumes, or assessing responses and identifying potential ...

Gopuff

Operations Associate, Urbana, #37

Urbana, IL · On-site

$15/hr

We're assembling a team of thinkers, dreamers and risk takers who are ready to help us reshape the ... reviewing applications, analyzing resumes, or assessing responses and identifying potential ...

Busey

Commercial Underwriter - CRE

Champaign, IL · On-site

$75K - $110K/yr

Financial statement spreading and analysis, including calculation of Debt Service Coverage or Fixed ... risk of extending credit to businesses and individuals. * Work with Commercial Relationship ...

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All JobsAssociate Quantitative Risk Analyst JobsAssociate Quantitative Risk Analyst Jobs in Urbana, IL

Associate Quantitative Risk Analyst information

See Urbana, IL salary details

$15

$40

$66

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

As of Jul 29, 2026, the average hourly pay for associate quantitative risk analyst in Urbana, IL is $40.75, according to ZipRecruiter salary data. Most workers in this role earn between $30.00 and $49.62 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 Urbana, IL look for? The top searched job categories for Associate Quantitative Risk Analyst jobs in Urbana, IL are:
What cities near Urbana, IL are hiring for Associate Quantitative Risk Analyst jobs? Cities near Urbana, IL with the most Associate Quantitative Risk Analyst job openings:
Associate Quantitative Risk Analyst jobs near you
Business Statistics Tutor

Business Statistics Tutor

Varsity Tutors

Champaign, IL • Remote

$18 - $40/hr

Part-time

Posted 26 days ago

Varsity Tutors rating

5.7

Company rating: 5.7 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

14th of 23 rated private schools and tutoring

Job description

About the Job
The Varsity Tutors Live Learning Platform has thousands of students looking for online Business Statistics tutors nationally. As a tutor on the Varsity Tutors Platform, you'll have the flexibility to set your own schedule, earn competitive rates, and make a real impact on students' academic success and understanding. All from the comfort of your home.
Why Join Our Platform?
  • Earn incrementally higher pay for each session with the same student, reaching up to $40/hour.
  • Get paid up to twice per week, ensuring fast and reliable compensation for the tutoring sessions you conduct and invoice.
  • Set your own hours and tutor as much as you'd like.
  • Tutor remotely using our purpose-built Live Learning Platform. No commuting required.
  • Get matched with students best-suited to your teaching style and expertise.
  • Our AI-powered Tutor Copilot enhances your sessions with real-time instructional support, lesson generation, and engagement features, helping you save prep time and focus on impactful teaching.
  • We handle the logistics—you just invoice for your tutoring sessions, and we take care of payments.

What We Look For In a Business Statistics Tutor
  • Advanced Subject Mastery: Deep knowledge of descriptive statistics, probability distributions, sampling methods, confidence intervals, hypothesis testing, chi-square tests, regression analysis, time series, index numbers, and quality control charts. Ability to explain statistical decision-making, correlation versus causation, and forecasting models while preparing students for data-driven business strategy and MBA quantitative coursework.
  • Conceptual Teaching & Problem-Solving: Skilled at breaking down hypothesis test procedures, regression interpretation, and sampling design for business contexts. Guides students through analyzing survey data, constructing control charts, performing demand forecasting, and interpreting Excel or SPSS output. Emphasizes practical business applications and connects statistics to marketing research, operations management, and financial risk analysis.
  • Curriculum Awareness & Adaptive Instruction: Familiar with business statistics curricula and common challenges such as selecting the correct hypothesis test, interpreting p-values in business decisions, and constructing regression models. Adapts instruction using spreadsheet tools, business case studies, and real company data sets to support undergraduate business majors and MBA students with varying quantitative backgrounds.
  • Effective Teaching Methods: Ability to identify concepts students commonly struggle with, explain material using multiple approaches, and adapt instruction to meet individual learning needs and styles.
  • Strong communication skills and a friendly, engaging teaching style.
  • Ability to adapt to different learning styles and student needs.

Ways To Connect With Students
  • 1-on-1 Online Tutoring - Provide personalized instruction to individual students.
  • Instant Tutoring - Accept on-demand tutoring requests whenever you're available.

About Varsity Tutors And 1-on-1 Online Tutoring
Our mission is to transform the way people learn by leveraging advanced technology, AI, and the latest in learning science to create personalized learning experiences. Through 1-on-1 Online Tutoring, students receive customized instruction that helps them achieve their learning goals. Our platform is designed to match students with the right tutors, fostering better outcomes and a passion for learning.
Please note: Varsity Tutors does not contract in: Alaska, California, Colorado, Delaware, Hawaii, Maine, New Hampshire, North Dakota, Vermont, West Virginia or Puerto Rico.

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