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Financial Risk Analyst Jobs in Connecticut (NOW HIRING)

Financial Controller

Stamford, CT · On-site +1

$135K - $145K/yr

The company partners with health plans and risk-bearing providers to assume accountability for ... Financial Planning & Analysis - Budgeting, forecasting, cash flow management, variance analysis ...

... and key risk indicators (KRIs). * Conduct ad-hoc financial analysis and modeling to support ... forecasting and decision-making. SUPERVISORY RESPONSIBILITIES This job does not have managerial ...

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Financial Risk Analyst information

See Connecticut salary details

$36.6K

$83.8K

$112.3K

How much do financial risk analyst jobs pay per year?

As of Jul 6, 2026, the average yearly pay for financial risk analyst in Connecticut is $83,818.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,600.00 and $105,100.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Financial Risk Analyst, and why are they important?

To thrive as a Financial Risk Analyst, you need strong analytical skills, a solid understanding of finance and statistics, and typically a bachelor's degree in finance, economics, or a related field. Familiarity with risk modeling tools, financial software like Excel, MATLAB, or Python, and certifications such as FRM or CFA are highly valued. Attention to detail, problem-solving abilities, and effective communication help analysts present complex risk findings clearly and work well in teams. These competencies are essential for accurately assessing potential risks, supporting sound decision-making, and safeguarding an organization's financial stability.

What are some common challenges faced by Financial Risk Analysts in their daily work, and how can they be addressed?

Financial Risk Analysts often deal with rapidly changing market conditions and large volumes of complex data, which can make accurate risk assessment challenging. Staying updated with regulatory changes and effectively communicating risk findings to stakeholders with varying levels of financial knowledge are also frequent hurdles. To address these challenges, analysts typically use advanced risk modeling tools, participate in ongoing training, and collaborate closely with other departments such as compliance and trading. Building strong analytical and communication skills is key to navigating these demands successfully.

What is the difference between Financial Risk Analyst vs Credit Analyst?

AspectFinancial Risk AnalystCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like FRM or CFABachelor's degree in finance, economics, or related field; certifications like CFA often preferred
Work EnvironmentFinancial institutions, investment firms, corporate finance departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors to assess risk levels of investments and portfoliosPrimarily used by banks and lenders to evaluate creditworthiness of borrowers

While both roles involve financial analysis, a Financial Risk Analyst focuses on assessing overall financial risks across investments and portfolios, whereas a Credit Analyst specializes in evaluating the creditworthiness of individual borrowers. Both roles require similar credentials and often work within the finance industry, but their specific focus areas differ.

What does a Financial Risk Analyst do?

A Financial Risk Analyst identifies and assesses potential risks that could affect a company's financial health, such as market fluctuations, credit issues, or operational losses. They use quantitative techniques, financial modeling, and data analysis to forecast potential risks and recommend strategies to mitigate them. Their work helps organizations make informed investment decisions, comply with regulations, and protect assets. Financial Risk Analysts often work in banks, investment firms, insurance companies, and corporate finance departments.
Infographic showing various Financial Risk Analyst job openings in Connecticut as of June 2026, with employment types broken down into 2% As Needed, 78% Full Time, 16% Part Time, and 4% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $83,818 per year, or $40.3 per hour.
Risk Manager, ALM Credit and Market Risk

Risk Manager, ALM Credit and Market Risk

The Hartford Financial Services Group, Inc.

Hartford, CT • On-site

$112K - $168K/yr

Full-time

Posted 26 days ago


The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 109 frontline employees who took The Breakroom Quiz

48th of 277 rated insurance


Job description

Risk Manager - KR07AE
We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.
Risk Manager, ALM Credit and Market Risk
The Risk Manager will join the ALM, Credit and Market Risk team and be responsible for assessing investment capital considerations and monitoring The Hartford's exposure to interest rate, credit, equity, and foreign exchange risks. This role supports effective risk oversight by ensuring investment risk exposures remain within established risk management parameters across varying economic conditions.
The position requires a strong understanding of an insurance company balance sheet and solid knowledge of fixed income and equity asset classes. The Risk Manager will partner closely with Enterprise Risk Management, HIMCO, Treasury, Finance, and the Insurance Businesses to analyze and communicate capital and income considerations under various scenarios. Key responsibilities include maintaining risk models and presenting analytical insights to internal stakeholders.
This position is based in Hartford, CT (Home Office).
Responsibilities:
  • Own and lead the investment capital stress testing framework, including model governance, assumption oversight, and ongoing enhancements.
  • Forecast capital impacts under prescribed, market-driven stress scenarios using multiple rating agency and NAIC frameworks.
  • Quantify capital sensitivity across GAAP, Statutory, and Economic accounting perspectives under market stress scenarios.
  • Apply investment and capital markets expertise particularly in fixed-income securities and derivatives to assess portfolio positioning and risk exposures.
  • Analyze interest rate, credit spread, and equity stress scenarios and communicate impacts on financial performance.
  • Assess asset impact under climate stress scenarios through validation of key modeling assumptions.
  • Lead and mentor one to two analysts while supporting the development and enhancement of risk, capital, and ALM models aligned with enterprise risk management objectives.
  • Lead risk monitoring and analysis in response to market events, communicating insights to a broad range of stakeholders.
  • Leverage AI to enhance risk analytics and strengthen stress testing capabilities.
  • Communicate effectively with Lines of Business, HIMCO, and Corporate Finance, translating analytical results into clear, actionable insights for stakeholders.

Qualifications:
  • A minimum of five years of professional experience in investment risk role focused on fixed income is ideal. Experience in corporate finance, actuarial, investment, or a related field may also be considered.
  • Excellent statistical and quantitative background
  • Programming and modeling skills specifically in R
  • Foundational knowledge of pricing, valuation, financial and risk management models.
  • Organized and detail oriented with an ability to adjust to multiple projects and shifting priorities.
  • Excellent communication skills with senior leaders and key business partners including the ability to summarize complex analysis for diverse audiences.
  • B.A. or B.S. in finance or another quantitative discipline.
  • Master's degree in a quantitative discipline, MBA, and/or actuarial credentials or progression toward credentials (ASA, ACAS) and/or a C.F.A. is a plus.

As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$112,400 - $168,600
Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
About Us | Our Culture | What It's Like to Work Here | Perks & Benefits

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About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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