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Financial Risk Management Jobs in New Jersey (NOW HIRING)

Adecco

Credit Risk Analyst

Parsippany, NJ · Hybrid

$29.25/hr

The Credit & Collections Analyst will support the Credit Risk Management and Collections teams by evaluating customer creditworthiness, analyzing financial and trade reports, and helping minimize ...

Adecco

Credit Risk Analyst

Parsippany, NJ · Hybrid

$29.25/hr

The Credit & Collections Analyst will support the Credit Risk Management and Collections teams by evaluating customer creditworthiness, analyzing financial and trade reports, and helping minimize ...

Everest Insurance

AVP, Internal Audit

Warren, NJ · On-site

$173K - $250K/yr

Audit AVP, Financial Risk Management Internal Audit About Everest Everest is a leading global underwriting and risk management company with more than 50 years of experience helping businesses ...

Everest

AVP, Internal Audit

Warren, NJ · On-site

$173K - $250K/yr

Audit AVP, Financial Risk Management Internal Audit About Everest Everest is a leading global underwriting and risk management company with more than 50 years of experience helping businesses ...

Everest Re Group

AVP, Internal Audit

Warren, NJ · On-site

$173K - $250K/yr

Audit AVP, Financial Risk Management Internal Audit About Everest Everest is a leading global underwriting and risk management company with more than 50 years of experience helping businesses ...

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Financial Risk Management information

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$52.3K

$113.3K

$172.6K

How much do financial risk management jobs pay per year?

As of Aug 15, 2026, the average yearly pay for financial risk management in New Jersey is $113,256.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,400.00 and $131,000.00 per year, depending on experience, location, and employer.

What is financial risk management?

A Financial Risk Management job involves identifying, assessing, and mitigating risks that could impact a company's financial health. Professionals in this field analyze market trends, credit risks, and operational risks to develop strategies that protect assets and profitability. They use financial modeling, risk assessment tools, and regulatory guidelines to ensure compliance and minimize potential losses. Common roles include risk analysts, credit risk managers, and compliance officers in industries like banking, insurance, and investment firms.

What are the typical career advancement opportunities for someone in financial risk management?

Professionals in Financial Risk Management often start as analysts or associates and can progress to roles such as Risk Manager, Senior Risk Analyst, or Director of Risk Management with experience and proven expertise. Career advancement typically involves taking on greater responsibility for complex risk analysis, decision-making, and leading teams or projects. Earning specialized certifications and gaining exposure to different risk disciplines (such as market risk, credit risk, or operational risk) can also accelerate career growth. Many organizations provide opportunities for cross-functional collaboration, which helps develop leadership and strategic planning skills important for moving into executive-level positions.

What are the key skills and qualifications needed to thrive in financial risk management?

To thrive in Financial Risk Management, you need a strong analytical background, proficiency in financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analytics tools like Excel or SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent problem-solving skills, attention to detail, and strong communication abilities help professionals effectively present risks and collaborate with stakeholders. These competencies are crucial for accurately identifying, analyzing, and mitigating financial risks to support an organization's financial health.

What are careers in financial risk management?

Careers in financial risk management involve identifying, analyzing, and mitigating financial risks faced by organizations, such as credit, market, and operational risks. Professionals in this field often work with risk assessment tools, financial models, and regulatory compliance, and may hold certifications like FRM or CFA. These roles are common in banks, investment firms, insurance companies, and corporate finance departments.

Is risk management in finance a good career?

Financial risk management is a valuable career that involves identifying and mitigating financial risks using quantitative analysis and risk modeling tools. It offers strong job prospects, competitive salaries, and opportunities for advancement, especially for those with certifications like FRM or CFA. The role requires analytical skills, attention to detail, and the ability to work under pressure in a dynamic environment.

What are the most commonly searched types of Financial Risk Management jobs in New Jersey?

The most popular types of Financial Risk Management jobs in New Jersey are:

What are popular job titles related to Financial Risk Management jobs in New Jersey?

For Financial Risk Management jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Financial Risk Management jobs in New Jersey look for?

The top searched job categories for Financial Risk Management jobs in New Jersey are:

Financial Risk Management jobs near you
Infographic showing various Financial Risk Management job openings in New Jersey as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $113,256 per year, or $54.5 per hour.

Quantitative Risk Officer and Risk Model Developer

State Street Corporation

Clifton, NJ • On-site

$75K - $123K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago

Job description

Who we are looking for
A strong quantitative modeler to join the team as an Officer and Credit Risk Modeler based in New Jersey, Connecticut, or Boston. This role is part of the Centralized Modeling, Analytics and Operations Group within Enterprise Risk Management's Financial Risk Organization.
Why this role is important to us
The team you will be joining plays a critical role in the organization's overall success. Across the globe, institutional investors rely on us to manage risk, respond to complex challenges, and drive performance and profitability. To deliver on that mission, we need teams like yours-teams that help the organization operate effectively, adapt quickly, and remain resilient. In this role, you will focus on developing cutting-edge solutions that are both scalable and practical, while contributing to strong day-to-day execution. Join us if you are motivated to make a meaningful impact in the financial services industry from day one.
What you will be responsible for
As Credit Risk Modeler you will:
  • Develop credit risk models (PD/LGD/EL) to provide quantitative support to credit risk analytical processes for State Street's wholesale portfolios, including Commercial Real Estate (CRE), Corporate, Private Equity (PE) Fund and Private Credit (PC) exposures, etc.
  • Develop credit portfolio risk models for CCAR/CECL/IFRS9/BASEL/Ratings/ICAAP use cases, as well as for economic capital
  • Review and enhance credit risk analytical methodology including modeling choices in line with expanding business and regulatory requirements
  • Review and verify key model assumptions with model owners
  • Review model outputs with properly justified opinions and judgments by experts from credit risk managers to capture forward-looking financial market and macro-economic outlooks
  • Implement internally developed models on risk analytical library platform
  • Streamline the existing modeling and analytical process; increasing the pace of execution to meet the needs of the business
  • Work in close partnership with the three lines of defense functions, such as model governance, Corporate Audit and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure for credit risk analytics
  • Prepare and present required reports/reviews to model risk management, senior management and global regulators

What we value
These skills will help you succeed in this role:
  • Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
  • Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
  • Organizational strengths: an ability to organize projects, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
  • Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
  • Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness

Education & Preferred Qualifications
  • MS or PhD in statistics or econometrics or equivalent, prefer research area in survival analysis/event history analyses or related areas; Prefer research area that involves heavy programming work with strong programming skills in Python/R/C/C++/SQL etc.
  • Undergraduate training in mathematics and probability theory (measure theory) with good knowledge of stochastic calculus is a big plus.
  • Strong programming skills in Python/R/C/C++/SQL etc.
  • Demonstrated experiences working with model development teams, analytical library development team and technology
  • Motivated and fascinated in how to apply statistics and econometric methodologies to resolve credit risk modeling challenges in financial industry

Salary Range:
$75,000 - $123,750 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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About State Street

Sourced by ZipRecruiter

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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