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Associate Quantitative Risk Analyst Jobs (NOW HIRING)

Design and improve analytical frameworks for VaR, Expected Shortfall, stress testing, backtesting ... Strengthen the quantitative underpinnings of the firm's market risk framework, including model ...

Design and improve analytical frameworks for VaR, Expected Shortfall, stress testing, backtesting ... Strengthen the quantitative underpinnings of the firm's market risk framework, including model ...

Principal Associate - Quantitative Analyst At Capital One data is at the center of everything we do ... Understand and navigate Risk Management Software to enable business analysis. Successful candidates ...

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Associate Quantitative Risk Analyst information

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$15

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$65

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

As of Sep 10, 2026, the average hourly pay for associate quantitative risk analyst in the United States is $40.49, according to ZipRecruiter salary data. Most workers in this role earn between $29.81 and $49.28 per hour, depending on experience, location, and employer.

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 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.

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Infographic showing various Associate Quantitative Risk Analyst job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 68% Full Time, 28% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $84,210 per year, or $40.5 per hour.

Quantitative Risk Engineer

Jersey City, NJ • On-site

Tata Consultancy Service Limited
IT Services • 10K+ employees

$100K - $125K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

New


Tata Consultancy Services rating

6.5

Company rating: 6.5 out of 10

Based on 21 frontline employees who took The Breakroom Quiz


Job description

Must Have Technical/Functional Skills
• 10+ years of experience in Quantitative Development, Risk Analytics, Front Office Risk Technology, or Capital Markets Risk Platforms.
• Strong knowledge of Fixed Income products, including:
o Repo / Reverse Repo
o Government Bonds
o Corporate Bonds
o Interest Rate Derivatives
o Total Return Swaps (TRS)
• Strong understanding of:
o Risk calculations and exposure measurement
o Bond pricing and yield curve analytics
o Interest rate sensitivity (DV01/PV01)
o Funding and financing risk
o Scenario analysis and stress testing
• Advanced Python development skills with expertise in:
o Python
o Pandas
o NumPy
o Data analysis and numerical modeling
• Strong analytical, troubleshooting, and root cause analysis skills.
• Experience investigating risk, valuation, and exposure discrepancies.
• Ability to reconcile outputs across risk systems, trading platforms, and finance calculations.
• Strong understanding of market data, curves, trade lifecycle events, and their impact on risk calculations.
• Experience working directly with traders, desk quants, risk managers, and finance users.
• Excellent communication and stakeholder management skills. Good to Have Skills • Experience with Quartz or similar front-office risk and analytics platforms.
• Experience in Capital Markets, Fixed Income Trading, or Financing businesses.
• Knowledge of risk attribution, explainability, and quantitative analytics frameworks.
• Exposure to enterprise risk platforms and front-office technology environments.
Roles & Responsibilities
• Enhance and support a Fixed Income and Financing Risk Platform focused on Repo business and risk analytics.
• Investigate unexplained risk, valuation, and exposure movements across trading and risk systems.
• Perform reconciliation between risk systems, trading platforms, and finance calculations.
• Conduct root cause analysis of incorrect or unexpected risk and valuation results.
• Analyze the impact of market data changes, yield curve movements, trade amendments, and booking issues on risk calculations.
• Work closely with traders, desk quants, risk managers, and finance teams to explain and resolve risk-related issues.
• Develop and enhance risk analytics, attribution, and explainability capabilities.
• Validate and challenge risk and valuation calculations to ensure analytical accuracy.
• Debug complex calculation issues across multiple systems and data sources.
• Design and implement analytical solutions using quantitative and risk domain expertise.
• Support production issues, troubleshooting, testing, and continuous platform improvements.
TCS Employee Benefits Summary:
Discretionary Annual Incentive.
Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
Family Support: Maternal & Parental Leaves.
Insurance Options: Auto & Home Insurance, Identity Theft Protection.
Convenience & Professio nal Growth: Commuter Benefits & Certification & Training Reimbursement.
Time Off: Vacation, Time Off, Sick Leave & Holidays.
Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.
Salary Range: $100,000 - $125,000 a year

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About Tata Consultancy Services

Sourced by ZipRecruiter

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. TCS delivers a level of certainty that no other firm can match--to our clients and to our employees. Come join us and experience certainty in your career. TCS a global Consulting and IT Services firm that is ranked in the top quartile by industry analysts. Our 2021 fiscal revenues topped $25 B and our market capitalization is over $170+B, yet we have a deep and large history of philanthropy and corporate social responsibility. Now approaching 600K of the best IT professionals and consultants, we are a trusted advisor, guiding our clients' enterprises through growth and transformation journeys - helping them to become agile, intelligent, automated and on the cloud. We are devoted to DEI and are recognized as a top employer and place to work.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Edison, NJ, US