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Credit Quant Jobs (NOW HIRING)

Associate Director, Credit Quant Location: United States: New York: New York City Duties The Bank of Nova Scotia seeks Associate Director, Credit Quant in New York, NY to develop valuation models for ...

Obra Capital is seeking a Credit Quant Developer with a strong focus on back-office and operational systems in the financial services industry. This role involves the design, development, and ...

Credit Quantitative Analyst

New York, NY · On-site

$130K - $160K/yr

Manage the day-to-day operations for pricing algorithms across US and Emerging Markets Credit Qualifications * BS/MS/PhD with Quantitative background * 2+ yrs of experience working with Python ...

Credit Quantitative Analyst

New York, NY · Hybrid

$130K - $160K/yr

Manage the day-to-day operations for pricing algorithms across US and Emerging Markets Credit Qualifications * BS/MS/PhD with Quantitative background * 2+ yrs of experience working with Python ...

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Credit Quant information

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How much do credit quant jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for credit quant in the United States is $18.13, according to ZipRecruiter salary data. Most workers in this role earn between $17.07 and $18.27 per hour, depending on experience, location, and employer.

What is the difference between Credit Quant vs Credit Analyst?

AspectCredit QuantCredit Analyst
Required CredentialsAdvanced degrees (e.g., Master’s, PhD), quantitative certifications (e.g., CFA, FRM)Bachelor’s degree often sufficient, finance or economics background
Work EnvironmentQuantitative teams, research-focused, often in investment banks or hedge fundsCredit departments, risk management, lending institutions
Industry UsageUsed for modeling, risk assessment, and algorithm developmentUsed for credit evaluation, client assessment, and loan decisions

While Credit Quant professionals focus on developing complex models and quantitative analysis for risk and pricing, Credit Analysts primarily evaluate creditworthiness of clients and make lending decisions. Both roles are essential in finance but differ in their focus, skills, and daily tasks.

More about Credit Quant jobs
What cities are hiring for Credit Quant jobs? Cities with the most Credit Quant job openings:
What states have the most Credit Quant jobs? States with the most job openings for Credit Quant jobs include:
Infographic showing various Credit Quant job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 79% Full Time, 19% Part Time, and 1% Contract. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $37,706 per year, or $18.1 per hour.

Associate Director, Credit Quant

Scotiabank

Manhattan, NY • On-site

$120 - $150/hr

Other

Re-posted 7 days ago


Job description

Associate Director, Credit Quant

Location: United States: New York: New York City

Duties

The Bank of Nova Scotia seeks Associate Director, Credit Quant in New York, NY to develop valuation models for ABS, MBS, and other credit products, and ensure the theoretical soundness, numerical accuracy and implementation correctness of these models. Develop robust, reliable, and user-friendly front office analytics for pricing, hedging, risk management and profit & loss attribution for both intraday and end of day. Provide daily quantitative support to the business in valuation, risks, P&L attribution, hedging, and related areas. Provide subject matter expertise to model stakeholders such as the business, risk management, audit, product control and technology groups during and post model implementation. Partner with the business to deliver models and analytics to production end-to-end with limited supervision. Ensure day‑to‑day activities adhere to the bank’s risk appetite and risk culture, meeting obligations in operational risk, regulatory compliance risk, AML/ATF risk and conduct risk. Champion a high‑performance environment and foster an inclusive work environment.

Requirements
  • Master's degree or foreign equivalent in Mathematics of Finance, Computer Science, Software Engineering, Physics, or a related field, and three (3) years of experience in the job offered or in a related occupation.
  • Programming in C++, C++11, Python or VBA to analyze and build models within the modeling framework.
  • Working with programming languages including Python, Java, or Scala to build large‑scale quantitative models.
  • Working with financial products including Asset‑Backed Securities, Collateralized Loan Obligations, and Mortgage‑Backed Securities and their models.
  • Analyzing ABS cash‑flow models to determine irregularities in payment and unique features of different deals and asset classes.
  • Building collateral cash‑flow models to replicate and confirm the data is as expected, accounting for prepayments, defaults, severity and other potential inputs.
  • Building liabilities cash‑flow models to replicate and confirm the data is as expected, accounting for prepayments, defaults, severity and other potential triggers.
  • Analyzing structured finance asset classes, including many in ABS.
  • Telecommuting and/or working from home may be permissible pursuant to company policies.
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