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Quant Jobs in Virginia (NOW HIRING)

This will include reviewing full or targeted scope validation assessments the TAS quantitative analytics team to ensure conclusions are consistent with the goals of the planned assessment and ...

Quant Audit Manager

Richmond, VA · On-site

$102K - $135K/yr

English (Required) Work Shift: 1st shift (United States of America) Please review the following The Quantitative Audit Manager (QAM) is responsible for the delivery of complex technical audit ...

Quantitative Analytics Senior

Mclean, VA · On-site

$126K - $190K/yr

Freddie Mac's Single Family Division is currently seeking an Quantitative Analytics senior. In this role, you will be responsible for the development and execution of quantitative analytic models and ...

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Quant information

See Virginia salary details

$97.2K

$168.3K

$257.3K

How much do quant jobs pay per year?

As of Jun 22, 2026, the average yearly pay for quant in Virginia is $168,273.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,300.00 and $197,300.00 per year, depending on experience, location, and employer.

What Does a Quant Do?

Quant refers to a quantitative analyst whose responsibilities are to research and analyze market trends in finance. As a quant, you research and decipher statistics and design financial models to help banks, insurance companies, and other finance-focused organizations assess and prevent their risk, make sound investments, and better understand pricing structures to increase profit. Your duties also include creating codes for programs that follow financial trends and patterns, recording data and analyses, and consulting with business leaders in an organization to offer suggestions to combat potential financial risks. Large financial institutions and firms with trading processes typically hire quants.

What jobs pay 500,000 a year in the US?

Quantitative analysts, or quants, in finance and investment banking can earn $500,000 or more annually, especially with bonuses and profit-sharing. Senior roles in hedge funds, private equity, and trading firms often reach or exceed this level, typically requiring advanced degrees, strong programming skills, and extensive experience. High compensation is usually associated with high performance and significant responsibility in competitive environments.

What are quants?

Quants, short for quantitative analysts, are professionals who use mathematical models, statistics, and computational techniques to analyze financial data and develop trading strategies. They are typically employed by investment banks, hedge funds, asset management firms, and financial technology companies. Quants play a crucial role in pricing securities, managing risk, and optimizing portfolios. Their expertise is essential for making data-driven decisions in complex financial markets.

What are some common challenges faced by Quants when collaborating with software developers and traders?

Quants often encounter challenges in bridging the gap between theoretical models and practical implementation. Effective communication is essential, as translating complex quantitative concepts into actionable trading strategies requires close collaboration with both software developers and traders. Misunderstandings can occur due to differences in technical language or priorities, so fostering a collaborative environment and being open to feedback is crucial. Regular meetings and clear documentation can help ensure that models are accurately implemented and aligned with trading objectives.

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

To thrive as a Quant, you need strong quantitative and analytical skills, typically supported by advanced degrees in mathematics, statistics, physics, or related fields. Proficiency with programming languages like Python or C++, financial modeling, and familiarity with tools such as MATLAB or R are essential, along with knowledge of financial markets. Exceptional problem-solving, attention to detail, and effective communication help Quants stand out in collaborative and high-stakes environments. These skills enable Quants to develop robust models and strategies that drive critical decision-making and risk management in finance.

What is the difference between Quant vs Data Analyst?

AspectQuantData Analyst
Required CredentialsDegree in Math, Finance, or Computer Science; often requires advanced degreesBachelor's in Statistics, Economics, or related field; sometimes requires certifications
Work EnvironmentFinancial firms, hedge funds, investment banksCorporations, consulting firms, market research
Employer & Industry UsagePrimarily in finance and tradingAcross various industries including finance, marketing, healthcare
Common Search & Comparison IntentUnderstanding quantitative roles in financeExploring data analysis careers

While both Quant and Data Analyst roles involve working with data, Quants focus on developing complex models for trading and risk management in finance, often requiring advanced degrees and specialized skills. Data Analysts typically interpret data to inform business decisions across industries, with a broader scope and different tools. The roles overlap in data handling but differ significantly in application and industry focus.

Do quants make 7 figures?

Quantitative analysts, or quants, working in finance can potentially earn seven-figure salaries, especially at senior levels or in hedge funds and investment banks. These high earnings often include base salary, bonuses, and profit sharing, and typically require advanced skills in mathematics, programming, and finance. However, such compensation is not typical for all quants and depends on experience, performance, and the firm’s size and success.

Is 30 too late to become a quant?

Becoming a quantitative analyst, or quant, is possible at age 30, especially if you have a strong background in mathematics, programming, and finance. Many quants transition from related fields such as engineering, physics, or computer science, and acquiring relevant skills or certifications like a CFA or advanced degrees can facilitate entry regardless of age.

What is a quant job?

A quant job involves using mathematical models, statistical techniques, and programming skills to analyze financial data and develop trading strategies. Quants typically work in finance, often requiring knowledge of programming languages like Python or C++ and a strong background in mathematics or engineering. They help firms manage risk and optimize investment decisions.
What are the most commonly searched types of Quant jobs in Virginia? The most popular types of Quant jobs in Virginia are:
What cities in Virginia are hiring for Quant jobs? Cities in Virginia with the most Quant job openings:
Sr. Audit Manager - Quant

Sr. Audit Manager - Quant

Truist

Richmond, VA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Truist rating

8.2

Company rating: 8.2 out of 10

Based on 110 frontline employees who took The Breakroom Quiz

37th of 141 rated banks


Job description

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

Need Help?

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)Please review the following job description:The Senior Audit Manager Quantitative (SAMQ) is responsible for leading a team of Quantitative Auditors performing complex technical audit assessments related to the identification and mitigation of risk associated with both financial and non-financial models and other quantitative tools implemented across Truist. The SQAM further assists in line of business relationship management, risk monitoring, and professional development of the full Model Risk audit team.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Oversee the execution of various model validation reviews lead and managed by less experienced Quantitative Auditors within the Truist Model Risk Management Risk Management Technical Review Team. This will include reviewing full or targeted scope validation assessments the TAS quantitative analytics team to ensure conclusions are consistent with the goals of the planned assessment and incorporate assessments needed for appropriate evaluation of validations/reviews completed by the Model Risk Management Team (MRM) within Truist.
2. Build and maintain effective working relationships with management including Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense.
3. Contribute to improving Truist model risk management by:
a. Recommending improvements to model risk management systems and processes.
b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models.
c. Proactively supporting management on the establishment of internal controls, monitoring techniques, and risk management of models.
4. Develop and maintain specialization and expertise in complex modeling concepts as well as developing knowledge of auditing concepts and risk management practices, and pursuing continuing education and possible additional professional certifications, as appropriate.
5. This role will oversee collaboration efforts across business and function audit teams and provide subject matter expertise for models. Oversee and review the performance of model validation and/or review assessments for models scoped into various types of audits and managed by the less experienced Quantitative Auditors.
6. Maintain the requisite knowledge and experience to assist audit teams with evaluating Truist's adherence to SR 11-7 regulatory guidance on model risk governance and oversight for various model types.
7. Train/coach/mentor junior team members to enhance model audit work. Provide training on more complex and difficult areas.


QUALIFICATIONS
Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


1. Masters in Mathematics, Statistics, Data Science, Engineering, Computer Science or formal post undergraduate certification with a focus on Quantitative or Financial Analytics.
2. 8+ years of technical model experience, which could include working on a model validation team, model development team or Audit equivalent technical review team.
3. Experience managing a team of model reviewers/developers (including, as needed, executing performance evaluations/reviews, recruitment, and team retention functions)
4. Demonstrated proficiency with one or more financial modeling methodologies. This includes knowledge of statistical and algorithmic methods applied in financial modeling.
5. The ability to lead, work and direct others independently without supervision, and strong project management skills.
6. Strong knowledge of programming languages such as R, Python, or C++.
7. Strong knowledge of one or more database management tools such as SAS and/or SQL.
8. Strong analytical, facilitation, interpersonal and decision-making skills.
9. Strong written, oral, and negotiating skills, including the ability to present findings and articulate and defend conclusions to senior Audit and/or line of business management.

10.Strong proficiency of standard software applications such as MS Office.

Preferred Qualifications:
1. Ph.D. in in Mathematics, Statistics, Data Science, Engineering, Computer Science
2. Technical model experience with a large bank
3. General audit skills and past experience
4. Broad understanding of accounting and finance concepts and the banking and financial services industry.

The annual base salary for this position is $114,180.00 - $216,930.00 USD.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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About Truist

Sourced by ZipRecruiter

Truist is combining distinctive personal service with investments in innovation to create transformational client experiences. We believe the unique blend of human touch and innovative technology will set us apart, instill confidence, and build deeper levels of trust with our clients

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

2019