ZipRecruiter

Log In

1

Quantitative Cyber Risk Jobs in Philadelphia, PA

PJM

VP, Chief Risk Officer

Audubon, PA · On-site

... cyber and reputational risks, and advises leadership and the Board on emerging and systemic risks ... quantitative analytics. The CRO will account for assessing and mitigating credit and payment ...

All JobsQuantitative Cyber Risk JobsQuantitative Cyber Risk Jobs in Philadelphia, PA

Quantitative Cyber Risk information

See Philadelphia, PA salary details

$98.9K

$171.3K

$261.9K

How much do quantitative cyber risk jobs pay per year?

As of Jun 29, 2026, the average yearly pay for quantitative cyber risk in Philadelphia, PA is $171,271.00, according to ZipRecruiter salary data. Most workers in this role earn between $135,700.00 and $200,800.00 per year, depending on experience, location, and employer.

What are some common challenges faced by professionals in Quantitative Cyber Risk roles and how can they be addressed?

Professionals in Quantitative Cyber Risk roles often encounter challenges such as translating complex cyber threats into measurable financial terms and obtaining reliable data for risk modeling. Collaborating closely with IT security teams and business stakeholders is essential to bridge gaps in understanding and ensure risk assessments are both technically accurate and aligned with organizational goals. Staying current with evolving threat landscapes and regulatory requirements also demands continuous learning and adaptation. Leveraging industry-standard frameworks and advanced analytics tools can help address these challenges effectively.

What is quantitative cyber risk?

Quantitative cyber risk involves using mathematical models and statistical techniques to measure and predict the financial impact of cyber threats on an organization. Unlike qualitative approaches that rely on subjective judgments, quantitative methods assign numerical values to risks, helping companies understand potential losses in dollar terms. This allows organizations to make more informed decisions about cybersecurity investments, insurance, and risk mitigation strategies.

What is quantitative risk in cyber security?

Quantitative cyber risk involves measuring and analyzing cybersecurity threats using numerical data, such as probabilities and potential financial impacts. Cybersecurity professionals use models and tools like risk assessment frameworks to quantify vulnerabilities and prioritize mitigation efforts based on measurable risk levels.

Is quantitative risk management in demand?

Quantitative cyber risk management is in high demand due to increasing cyber threats and the need for data-driven security strategies. Professionals in this field often utilize statistical models, risk assessment tools, and certifications like CRCM to address complex cybersecurity challenges across various industries.

Is SOC an entry level job?

A Security Operations Center (SOC) analyst role can be entry level, especially for positions labeled as SOC analyst I or junior SOC analyst. However, many SOC roles require some prior knowledge of cybersecurity concepts, security tools, and incident response, often necessitating relevant certifications like CompTIA Security+ or SANS certifications. Experience and technical skills can influence whether a SOC position is suitable for entry-level candidates.

What career in cybersecurity pays $500,000?

A senior Quantitative Cyber Risk analyst or risk management executive in cybersecurity can earn $500,000 or more annually, especially with extensive experience, advanced certifications, and leadership roles. High-level positions in financial institutions or large corporations often offer such compensation, which may include bonuses and stock options.

What is the difference between Quantitative Cyber Risk vs Cyber Risk Analyst?

AspectQuantitative Cyber RiskCyber Risk Analyst
Required CredentialsCertifications like CRCM, CISSP, or CISA; strong quantitative backgroundCertifications such as CISA, CRISC; focus on risk assessment skills
Work EnvironmentFinancial institutions, cybersecurity firms, large corporationsFinancial services, consulting firms, government agencies
Industry UsageFocuses on modeling and quantifying cyber risks using data analysisEvaluates and reports on cyber risks, develops mitigation strategies

While both roles involve cybersecurity, Quantitative Cyber Risk specialists focus on modeling and quantifying risks using data and mathematical methods. Cyber Risk Analysts assess, analyze, and communicate cyber threats and vulnerabilities. The former is more data-driven and modeling-oriented, whereas the latter emphasizes risk evaluation and strategic recommendations.

What are the key skills and qualifications needed to thrive as a Quantitative Cyber Risk professional, and why are they important?

To thrive as a Quantitative Cyber Risk professional, you need strong analytical skills, expertise in statistics or mathematics, and a background in cybersecurity or risk management, often supported by relevant degrees or certifications. Familiarity with risk modeling tools, programming languages like Python or R, and frameworks such as FAIR (Factor Analysis of Information Risk) is highly valued. Exceptional problem-solving, communication, and stakeholder management skills help translate complex risk data into actionable business insights. These competencies are critical for accurately assessing cyber risks, informing decision-making, and enhancing an organization's overall security posture.
What are popular job titles related to Quantitative Cyber Risk jobs in Philadelphia, PA? For Quantitative Cyber Risk jobs in Philadelphia, PA, the most frequently searched job titles are:
What job categories do people searching Quantitative Cyber Risk jobs in Philadelphia, PA look for? The top searched job categories for Quantitative Cyber Risk jobs in Philadelphia, PA are:
Quantitative Cyber Risk jobs near you

VP, Chief Risk Officer

PJM

Audubon, PA • On-site

Full-time

Posted 23 days ago

Job description

The Chief Risk Officer (CRO) will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board.
The CRO will be a a member of the Executive Team and will work closely with the Chief Executive Officer, Chief Financial Officer and General Counsel to coordinate PJM's enterprise risk management operations, including evaluating, identifying, managing, reporting, responding to and overseeing risks externally and internally to the organization.
The CRO provides independent oversight of strategic, operational, financial, market, regulatory, cyber and reputational risks, and advises leadership and the Board on emerging and systemic risks that could affect grid reliability, market outcomes or stakeholder confidence.
The CRO will focus on developing approaches to mitigate, prevent and respond to risk to the PJM enterprise. Specifically the CRO will drive efficient and effective governance of market and credit risk, collateral management, underwriting corporate insurance, trade risk and analytics, model validation, KYC (know your customer) and quantitative analytics. The CRO will account for assessing and mitigating credit and payment default risk to PJM's wholesale markets and will define and oversee methods to monitor market participant behavior including position trends in all markets.
Essential Functions:
The CRO will establish and maintain credibility and trust with the PJM Executive Team and cross-functional stakeholders.
The CRO will utilize collaboration, compromise, influence, leadership, negotiation, consensus building and overall communication methods to challenge the status quo in an effort to ensure an understanding of the risks facing PJM and the prevention, mitigation and response of such risks.
The CRO will engage with existing staff functions of Credit, Model Validation, and Enterprise Risk Management to develop and enhance the Market Trade Risk capabilities.
The CRO will perform a thorough assessment of the current state of:
  • Credit, Model Validation and Enterprise Risk Management functions
  • Organizational design and determine if changes needed to make the risk function more effective
  • Available technology appropriate for implementing the risk function
As defined and approved by the CEO, the CRO will determine:
  • Appropriate risk controls
  • Appropriate methodologies for risk measurements and internal process changes needed for risk measurement and reporting

Develop effective communications and consensus building with Members and Regulators to gain acceptance of proposed changes to enhance risk management, such as:
  • Reviewing and improving credit requirements
  • Reviewing and improving new member acceptance processes
  • Resolving conflicts that may arise in the stakeholder process regarding such processes

Development of comprehensive market participant surveillance processes that monitor participant's trading activity, market positions, margins, trends and behaviors.
Develop processes and strategies to highlight notable or abnormal market participation positions or trends with a process for communication within and across the enterprise, specifically ensuring the CEO is aware in a timely fashion of actual or potential risks and material/significant risks
Oversee market and counterparty risk analyses which will involve development of new market risk analytics and credit & collateral risk analytics systems and processes with a process for communication within and across PJM, specifically ensuring the CEO is aware of actual or potential material and/or significant risk items in a timely fashion.
Lead the Risk Management Committee to address credit and risk management issues by attending all meetings and preparing and reviewing all content of the meeting
Review credit and collateral requirements for Members while providing oversight to review models to ensure participant behavior is monitored with appropriate follow up and metrics and communicated to CEO, CFO, General Counsel and Members in a timely manner
Provide oversight of extensive quantitative analysis to simulate various scenarios and test the proposed risks against real-time events to provide data for better and informed decision making
Provide oversight of the development of automated risk reports and risk tracking processes to streamline daily risk reporting and position indicators
Coordinate enterprise risks across the organization for PJM, our employees, reputation, assets and interests of Stakeholders and Members
Establish risk appetite, risk tolerance levels, and key risk indicators in coordination with executive leadership and the Board.
Facilitate risk management mitigation methodology to execute and control the risk strategy by partnering with the relevant business areas to identify the critical risks, and provide a comprehensive risk inventory
Advise, solicit feedback and offer recommendations to internal teams based on knowledge and information gained through the risk management methodology process
Present recommendations and analysis on credit risk management practices and engage key Stakeholders within the PJM community to gain consensus on key recommendations to protect from default risk
Prepare supporting materials for FERC filings and contribute to FERC filings as needed.
Provide recommendations, updates and detailed reports to CEO and the Risk and Audit Committee of the PJM Board of Managers
Comply with applicable audits of policy and compliance to standards, including liaison with internal and external auditors
Provide support, education and training to staff to build risk awareness within the organization
Provide independent risk perspectives on stakeholder filings, market rule changes, and enforcement matters.
Evaluate systemic market risks and unintended consequences of market reforms or regulatory mandates.
All other duties as assigned or requested by the CEO
Characteristics and Qualifications:
Required:
Bachelor's degree in Business Administration, Economics, Finance or At least 10 years of experience as Risk Management Officer
10+ years of leadership experience in a managerial/supervisory role.
15+ years of leadership experience in a managerial/supervisory role.
  • Extensive credit and financial risk management skills and analytical experience
  • Extensive risk management and financial markets background
  • Demonstrated effective communications skills and advocacy/influencing ability
  • Demonstrated collaboration skills (internal and cross-divisional)

Preferred:
MBA, Business Administration
Experience with PJM Agreements and Tariffs
Experience with PJM operations, markets, and planning functions
Experience supporting any of PJM Committees

Apply