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Associate Quantitative Risk Analyst Jobs in Urbana, IL

Rural King Supply

Financial Analyst II

Urbana, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Newman, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Bondville, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

White Heath, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Hume, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Murdock, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Longview, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Philo, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Pesotum, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Tuscola, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Tolono, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Sadorus, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Champaign, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Camargo, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Metcalf, IL · On-site

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Ivesdale, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

Rural King Supply

Financial Analyst II

Sidney, IL

$60K - $75K/yr

At Rural King, we value our associates and strive to create a positive, rewarding workplace. We ... Perform scenario and risk analysis to assess downside exposure. * Support site selection and ...

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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 May 28, 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 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 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 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 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 are popular job titles related to Associate Quantitative Risk Analyst jobs in Urbana, IL? For Associate Quantitative Risk Analyst jobs in Urbana, IL, the most frequently searched job titles are:
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
Infographic showing various Associate Quantitative Risk Analyst job openings in Urbana, IL as of May 2026, with employment types broken down into 26% Full Time, 72% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 2% Hybrid, and 1% Remote job distribution, with an average salary of $84,752 per year, or $40.7 per hour.

Risk Appetite, Strategic and Reputation Risk Manager

Busey Bank

Champaign, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago

Busey Bank rating

7.0

Company rating: 7.0 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

102nd of 141 rated banks

Job description

Position Summary
The Risk Appetite, Strategic, and Reputation Risk Manager supports First Busey Corporation's management team and Board of Directors in the timely identification of Top and Emerging Risks, providing leadership with actionable reporting enabling management to proactively identify and manage risk. In this position, you will cultivate positive working relationships with management and the Board of Directors, providing thought leadership on emerging trends and industry best practices. Additionally, this role serves as the subject matter expert on Strategic and Reputation Risk, partnering with the Director of Financial and Model Risk to provide Risk Management's perspective on the Company's Strategic Priorities. This position plays a pivotal role in the maturation of the Company's Risk Management posture, providing you with exposure to the Company's leadership team and the opportunity to further your career in a growing financial institution.
Duties & Responsibilities
  • Manages the Company's Risk Appetite Framework, developing a comprehensive repository of Key Risk Indicators (KRIs), Key Performance Indicators (KPI), Early Warning Indicators (EWI), etc. and maintaining an aggregation methodology aligned with regulatory expectations and industry best practices
  • Drives the development and provides thought leadership on the Company's risk appetite statement and risk reporting for the Company's top and emerging risks and advising leaders on risk mitigation strategies, as necessary, related to breached metrics to manage increasing risk exposures or risk exposures outside of the Company's appetite
  • Leads the collection, analysis, and reporting of risk data to senior management, committees, the Board, and external stakeholders, including escalating emerging risks and metric breaches as required
  • Collaborates with Enterprise Risk Management to drive reporting synergies, including identifying correlations and dependencies in disparate data enabling management to proactively manage risk
  • Contributes to the Company's Capital Stress Testing Program, synthesizing Top and Emerging Risks and providing Pro Forma risk appetite reporting to inform leadership's decisioning
  • Manage the Company's Strategic and Reputation Risk framework, including managing the Company's corresponding risk policies, spearheading SLOD effective challenge of the Company's strategic priorities, and partnering with management to develop the Strategic and Reputation Top and Emerging Risk assessment
  • Conducts independent research and participates in industry calls on top and emerging risks as well as strategic and reputation risk topics, staying informed about economic and industry trends and benchmarking for comparative analysis and context
  • Maintains the Company's metric application within Archer, ensuring the application supports the Company's framework as well as developing reporting standards and overseeing the timely reporting of metric results by stakeholders
  • Automates data extraction, report generation, and data analysis to reduce risks in reporting and enable management to better identify risk trends

Education & Experience
Education and Training:
  • Bachelor's degree in accounting, Finance, Economics (or equivalent) required; MBA or equivalent advanced degree preferred.
  • Ten years' experience (preferably) in risk management, auditing, accounting, or finance functions; Financial Services Industry experience required. Experience in quantitative analytics preferred; risk management certifications a plus.
  • Advanced knowledge of Microsoft Office Suite required; Statistical Programming (e.g., R, Python, etc.) and Business Intelligence (BI) tools experience preferred.
  • Analytical Skills - Brings high-level quantitative and analytical skills to effectively challenge First Line of Defense. Problem Solving Skills - Commits to action, even in uncertain situations, by making sound and timely decisions necessary to maintain forward progress.
  • Effective Communication - Communicates ideas and information verbally and in writing to ensure key points are clearly outlined and have the desired impact; creates high-quality presentations and reports that convey information clearly and concisely.
  • Process Management Orientation - Creates and maintains standardized, repeatable processes that are both efficient and effective; keeps an eye on continuous improvement opportunities and utilizes automation whenever possible.

  • Planning and Organizing - Developing, implementing, evaluating, and adjusting project plans to reach goals, while ensuring the optimal use of resources. A natural self-starter with persistence, initiative and a high-energy level work ethic.

Ability to:
  • Effective Collaborator - Builds rapport easily; effectively gains trust through demonstrated ability to bring value to processes by respectfully and thoughtfully challenging concepts and/or established norms.
  • Strategic Thinker - Focused on a holistic, futuristic perspective to enhance synergies in support of stated business performance objectives; can take theories and concepts and put them into practice
  • Synthesizes Data - Distills large quantities of data and information in a way that provides business leaders, management and board members with insights needed to make decisions; can connect data points to build and convey key messages and themes.

Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $92,000 - $140,000/year)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.

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