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Mathematical Finance Jobs (NOW HIRING)

Bachelor's degree in Financial Engineering, Mathematical Finance, Mathematics or a related major * 5+ years of relevant work experience in financial services risk management (preferably life ...

Quant Researcher

New York, NY · On-site

$175K - $250K/yr

We believe that this is one of the most exciting opportunities in quantitative finance right now. Who You Are * You hold a PhD degree in a hard science or mathematics. * You have a proven track ...

To be eligible, applicants must be pursuing a Bachelor's degree in Mathematics, Finance, Computer Science, Data Analytics, Data Architecture, Economics, Business Information Systems or related ...

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Mathematical Finance information

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$30.5K

$70.4K

$138K

How much do mathematical finance jobs pay per year?

As of Jul 1, 2026, the average yearly pay for mathematical finance in the United States is $70,370.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,000.00 and $77,000.00 per year, depending on experience, location, and employer.

What jobs make $1,000,000 per year?

In the field of mathematical finance, roles such as hedge fund managers, quantitative traders, and senior risk managers can earn $1,000,000 or more annually through a combination of base salary, bonuses, and profit sharing. These positions typically require advanced degrees, strong analytical skills, and experience with financial modeling, programming, and trading strategies.

What can you do with a financial mathematics degree?

A degree in financial mathematics prepares individuals for roles such as quantitative analyst, risk manager, financial engineer, or investment analyst. These positions involve applying mathematical models, statistical techniques, and programming skills to analyze financial data, develop trading strategies, and manage financial risk. Certification in areas like CFA or FRM can enhance job prospects in this field.

What are the key skills and qualifications needed to thrive as a Mathematical Finance professional, and why are they important?

To thrive in Mathematical Finance, you need a solid background in mathematics, statistics, finance, and typically a degree in a quantitative field such as mathematics, physics, or financial engineering. Proficiency with programming languages like Python, R, or MATLAB, and familiarity with financial modeling software and risk management systems, is highly valued. Strong analytical thinking, problem-solving skills, and the ability to communicate complex concepts clearly set top professionals apart. These skills are crucial for developing sophisticated financial models, managing risk, and making informed decisions in the fast-paced financial sector.

What is the difference between Mathematical Finance vs Quantitative Analyst?

AspectMathematical FinanceQuantitative Analyst
Required CredentialsAdvanced degrees in mathematics, finance, or related fields; certifications like CFA or FRMSimilar credentials; often holds advanced degrees and certifications
Work EnvironmentFinancial institutions, hedge funds, investment banksFinancial firms, asset management companies, trading desks
Industry UsageFocuses on developing models for pricing, risk management, and investment strategiesApplies quantitative methods to analyze markets, develop trading algorithms, and optimize portfolios

Mathematical Finance and Quantitative Analysts share similar educational backgrounds and work environments. While Mathematical Finance emphasizes model development for pricing and risk, Quantitative Analysts focus on applying these models to market analysis and trading strategies. Both roles are integral to financial institutions and often overlap in skills and responsibilities.

What are some common challenges faced by professionals working in mathematical finance, and how can they prepare to address them?

Professionals in mathematical finance often encounter challenges such as interpreting complex financial models, keeping up with rapidly evolving quantitative techniques, and ensuring regulatory compliance. They must also effectively communicate technical findings to non-technical stakeholders, which can be demanding. To address these challenges, it's important to stay current with industry trends, continuously develop programming and analytical skills, and build strong collaborative relationships within multidisciplinary teams. Regular training and participation in professional networks can also be valuable for ongoing growth.

What do mathematicians do in finance?

Mathematicians in finance develop and apply mathematical models to analyze financial markets, assess risk, and price derivatives. They often work with tools like statistical analysis, stochastic calculus, and programming languages such as Python or R to support trading strategies, risk management, and financial product development.

What is mathematical finance?

Mathematical finance is a field that applies mathematical methods and models to solve problems in finance, such as pricing financial derivatives, managing risk, and optimizing investment strategies. It combines concepts from mathematics, statistics, finance, and economics to analyze financial markets and securities. Professionals in this field often use advanced quantitative techniques to develop pricing models, assess risk, and design complex financial products. Mathematical finance is essential in areas like investment banking, asset management, and risk management.

What jobs can you get with mathematical finance?

With a background in mathematical finance, common jobs include quantitative analyst, risk manager, financial engineer, derivatives trader, and portfolio manager. These roles typically require strong skills in mathematics, programming, and financial modeling, often using tools like Excel, Python, or MATLAB.
More about Mathematical Finance jobs
What cities are hiring for Mathematical Finance jobs? Cities with the most Mathematical Finance job openings:
What states have the most Mathematical Finance jobs? States with the most job openings for Mathematical Finance jobs include:
Infographic showing various Mathematical Finance job openings in the United States as of June 2026, with employment types broken down into 65% Full Time, 28% Part Time, and 7% Contract. Highlights an 83% Physical, 6% Hybrid, and 11% Remote job distribution, with an average salary of $70,370 per year, or $33.8 per hour.
AVP, Quantitative Risk Analyst

AVP, Quantitative Risk Analyst

Aflac

Manhattan, NY • On-site

$140K - $185K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago


Key responsibilities

  • Lead the technical development and maintenance of the investment risk system production environment, including risk simulation tools, regulatory capital ratio methods, stress testing, and economic scenario generator.

  • Automate the data flow, calculation, and production of regular investment risk reports for senior management and business partners.

  • Provide quantitative support and business insight to senior management for investment and risk management decisions through analyses of financial impacts due to exposures in market and credit risk.


Aflac rating

6.8

Company rating: 6.8 out of 10

Based on 36 frontline employees who took The Breakroom Quiz

242nd of 277 rated insurance


Job description

Opportunity: AVP Quantitative Risk Analyst
Salary Range: $140,000 to $185,000
Job Posting End Date: July 10, 2026
We've Got You Under Our Wing
We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all...The Aflac Way.
Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune's 50 Best Workplaces for Diversity and as one of World's Most Ethical Companies by Ethisphere.com.
Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there's a home, and a flourishing career for you at Aflac.
Worker Designation - This role is hybrid. This means you will be expected to report to one of our Aflac offices located in New York, NY for at least 60% of the work week. You will work from your home (within the continental US) for the remaining portion of the work week. Details of this schedule will be discussed with your leadership.
What does it take to be successful at Aflac?
    • Acting with Integrity
    • Communicating Effectively
    • Pursuing Self-Development
    • Serving Customers
    • Supporting Change
    • Supporting Organizational Goals
    • Working with Diverse Populations

What does it take to be successful in this role?
• Knowledge of statistics and its application to the financial services industry.
• Familiarity with life insurance company financial statements preferred.
• Strong analytical and critical thinking skills.
• Strong verbal and written communication skills.
• Highly organized with the ability to work on multiple projects with different deadlines.
• Team player.
Education & Experience Required
  • Bachelor's degree in Financial Engineering, Mathematical Finance, Mathematics or a related major
  • 5+ years of relevant work experience in financial services risk management (preferably life insurance), either in industry, or as a consultant.
  • Strong model development experience in programming languages such as C#, Python, and VBA required.

Or an equivalent combination of education and experience
Education & Experience Preferred
  • Master's degree in Financial Engineering, Mathematical Finance, Mathematics or a related major
  • Certification in CFA, FRM, Actuarial credentials or similar investment risk management credentials preferred
  • Experience modeling public and private fixed income asset classes, public and private equity, derivatives and alternatives is preferred.
  • Life insurance actuarial modeling and implementation experience is preferred.

Principal Duties & Responsibilities
• Works with GIRM team members to advance the development of the company's risk analysis system; in particular, leads the technical development and/or maintenance of the investment risk system production environment (in Python/C#), including but not limited to risk simulation tool, regulatory capital ratio methods, extreme tail event stress testing and economic scenario generator (ESG).
• Leads efforts to automate the data flow, calculation and production of regular investment risk reports for senior management and business partners.
• Provides quantitative support and business insight to senior management for different investment and risk management decisions, through analyses of financial impacts due to exposures in market risk, credit risk etc.
• Works closely with front office teams for different types of asset classes portfolio monitoring, including credit, derivatives and alternative assets and performs relevant risk analysis.
• Collaborates with GIRM team members to perform second line comprehensive risk analyses across investment risks to ensure compliance with the firm's risk appetites, tolerances, and investment risk limits.
• Works closely with the Quantitative Analytic Solutions team to validate and calibrate models to support implementation.
• Provides documentation and validation of models and calibration techniques.
• Collaborates with GIRM's technologists to ensure models are efficient and robust as deployed into production
• Provides support for market and credit risk analysis.
• Participates in the production and presentation of oral and written analyses and concepts, including management recommendations, to senior management; assists in the preparation of management and committee reports.
Total Rewards
The salary range for this job is $140,000 to $185,000 This range is specific to the job and salary offers consider a wide range of factors that are considered in making compensation decisions, including, but not limited to: education, experience, licensure, certifications, geographic location, and peer compensation. The range has been created in good faith based on information known to Aflac at the time of the posting.
At Aflac, it is not typical for an individual to be hired at or near the top of the range for the role to allow for future and continued salary growth, and compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.
In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock. On an annual basis, you'll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities.

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