The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
Risk Analyst
Chicago, IL · Hybrid
Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...
Risk Analyst
Chicago, IL · Hybrid
Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...
Catastrophe Risk Analyst
Chicago, IL · On-site
Ability to explain complex scientific or quantitative findings to non-technical audiences. * Strong team player with a collaborative mindset and attention to detail Highly preferred candidates also ...
Catastrophe Risk Analyst
Chicago, IL · On-site
Ability to explain complex scientific or quantitative findings to non-technical audiences. * Strong team player with a collaborative mindset and attention to detail Highly preferred candidates also ...
Risk Analyst
Chicago, IL · On-site
$77K - $95K/yr
Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...
Risk Analyst
Chicago, IL · On-site
$77K - $95K/yr
Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...
Model Risk Analyst
Chicago, IL · Hybrid
... risk governance ... The tasks are both technical (e.g., related to data analytics and quantitative modeling) and ...
Model Risk Analyst
Chicago, IL · Hybrid
... risk governance ... The tasks are both technical (e.g., related to data analytics and quantitative modeling) and ...
Model Risk Analyst
Chicago, IL · On-site
... risk governance ... The tasks are both technical (e.g., related to data analytics and quantitative modeling) and ...
Model Risk Analyst
Chicago, IL · On-site
... risk governance ... The tasks are both technical (e.g., related to data analytics and quantitative modeling) and ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk ... calculations * Communicate model analysis to professionals across OCC and collaborate with cross ...
Senior Credit Risk Analyst
Chicago, IL · Hybrid
$84K - $131K/yr
... analytical frameworks for loan origination and loss forecasting ... Review relevant data to identify the quantitative and qualitative factors driving the credit risk ...
Quick apply
Senior Credit Risk Analyst
Chicago, IL · Hybrid
$84K - $131K/yr
... analytical frameworks for loan origination and loss forecasting ... Review relevant data to identify the quantitative and qualitative factors driving the credit risk ...
Senior Credit Risk Analyst
Chicago, IL · On-site
$84K - $131K/yr
... analytical frameworks for loan origination and loss forecasting ... Review relevant data to identify the quantitative and qualitative factors driving the credit risk ...
Senior Credit Risk Analyst
Chicago, IL · On-site
$84K - $131K/yr
... analytical frameworks for loan origination and loss forecasting ... Review relevant data to identify the quantitative and qualitative factors driving the credit risk ...
You will perform income at risk modeling and analysis, limits monitoring and reporting. How you'll ... Bachelor's degree in Accounting or a quantitative field (Mathematical Finance, Computational ...
You will perform income at risk modeling and analysis, limits monitoring and reporting. How you'll ... Bachelor's degree in Accounting or a quantitative field (Mathematical Finance, Computational ...
You will perform income at risk modeling and analysis, limits monitoring and reporting. How you'll ... Bachelor's degree in Accounting or a quantitative field (Mathematical Finance, Computational ...
You will perform income at risk modeling and analysis, limits monitoring and reporting. How you'll ... Bachelor's degree in Accounting or a quantitative field (Mathematical Finance, Computational ...
Specialist, Investment Risk
Chicago, IL · Hybrid
$137K - $233K/yr
Expand the use of quantitative risk analysis and export the best practices to other investment products. * Develops periodic goals, organizes the work, sets short-term priorities, monitors all ...
Specialist, Investment Risk
Chicago, IL · Hybrid
$137K - $233K/yr
Expand the use of quantitative risk analysis and export the best practices to other investment products. * Develops periodic goals, organizes the work, sets short-term priorities, monitors all ...
Senior Risk Analyst - Credit Risk & Marketing Analytics Location: Chicago, IL (Hybrid - once a ... Quantitative fields preferred
Quick apply
Senior Risk Analyst - Credit Risk & Marketing Analytics Location: Chicago, IL (Hybrid - once a ... Quantitative fields preferred
Specialist, Investment Risk
Chicago, IL · On-site
$137K - $233K/yr
Expand the use of quantitative risk analysis and export the best practices to other investment products. * Develops periodic goals, organizes the work, sets short-term priorities, monitors all ...
Specialist, Investment Risk
Chicago, IL · On-site
$137K - $233K/yr
Expand the use of quantitative risk analysis and export the best practices to other investment products. * Develops periodic goals, organizes the work, sets short-term priorities, monitors all ...
Principal Credit Risk Analyst
Chicago, IL · Hybrid
$119K - $204K/yr
Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Essential Responsibilities * Use data and analytics to develop analytical ...
Quick apply
Principal Credit Risk Analyst
Chicago, IL · Hybrid
$119K - $204K/yr
Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Essential Responsibilities * Use data and analytics to develop analytical ...
Principal Credit Risk Analyst
Chicago, IL · On-site
$119K - $204K/yr
Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Essential Responsibilities * Use data and analytics to develop analytical ...
Principal Credit Risk Analyst
Chicago, IL · On-site
$119K - $204K/yr
Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Essential Responsibilities * Use data and analytics to develop analytical ...
Quantitative Risk Analyst Intern information
See Chicago, IL salary details
$67K - $74.5K
13% of jobs
$81.9K is the 25th percentile. Wages below this are outliers.
$74.5K - $82K
13% of jobs
$82K - $89.6K
11% of jobs
$89.6K - $97.1K
0% of jobs
$97.1K - $104.7K
2% of jobs
$104.7K - $112.2K
9% of jobs
The median wage is $114.1K / yr.
$112.2K - $119.7K
11% of jobs
$119.7K - $127.3K
11% of jobs
$131.6K is the 75th percentile. Wages above this are outliers.
$127.3K - $134.8K
12% of jobs
$134.8K - $142.3K
9% of jobs
$142.3K - $149.9K
11% of jobs
$67K
$111.6K
$149.9K
How much do quantitative risk analyst intern jobs pay per year?
As of Jul 3, 2026, the average yearly pay for quantitative risk analyst intern in Chicago, IL is $111,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $134,900.00 per year, depending on experience, location, and employer.
What are the key skills and qualifications needed to thrive as a Quantitative Risk Analyst Intern, and why are they important?
To thrive as a Quantitative Risk Analyst Intern, you need a solid background in mathematics, statistics, and finance, often supported by progress toward a relevant degree such as finance, economics, or applied mathematics. Familiarity with programming languages like Python or R, statistical analysis tools, and risk management platforms such as SAS or MATLAB is typically expected. Strong analytical thinking, attention to detail, and effective communication skills help interns interpret complex data and present findings clearly. These skills are crucial for accurately assessing risks, supporting data-driven decision-making, and contributing to effective risk management strategies.
What does a Quantitative Risk Analyst Intern do?
A Quantitative Risk Analyst Intern supports the risk management team by analyzing financial data, building statistical models, and assessing potential risks that could impact an organization. They use mathematical and statistical techniques to identify, measure, and monitor risks associated with investments, market movements, or operational activities. Interns often help with data collection, programming (using tools like Python, R, or Excel), and preparing reports for senior analysts. This role provides valuable hands-on experience in applying quantitative methods to real-world financial risk scenarios.
What is the difference between Quantitative Risk Analyst Intern vs Quantitative Risk Analyst?
| Aspect | Quantitative Risk Analyst Intern | Quantitative Risk Analyst |
|---|---|---|
| Required credentials | Typically pursuing or recent graduate with a degree in finance, economics, or related field | Bachelor's or master's degree in a relevant field, often with some professional experience |
| Work environment | Internship setting, often part-time or summer program within financial institutions | Full-time role within banks, investment firms, or insurance companies |
| Employer and industry usage | Used in internship programs across finance and risk management firms | Standard position in risk management departments of financial services |
The main difference between a Quantitative Risk Analyst Intern and a Quantitative Risk Analyst is experience level and responsibility. Interns are typically students gaining exposure, while analysts are full-time professionals responsible for assessing and managing risk strategies.
What types of projects and responsibilities can a Quantitative Risk Analyst Intern expect during their internship?
As a Quantitative Risk Analyst Intern, you can expect to work on projects involving data analysis, risk modeling, and validation of existing financial models. You may assist in stress testing portfolios, researching risk factors, and automating data processes under the guidance of senior analysts. Interns typically collaborate closely with risk management, trading, and IT teams, gaining hands-on experience with industry-standard tools and methodologies. This role offers an excellent opportunity to develop technical skills and an understanding of how risk is measured and managed in financial institutions.
What are the most commonly searched types of Quantitative Risk Analyst jobs in Chicago, IL? The most popular types of Quantitative Risk Analyst jobs in Chicago, IL are:
What are popular job titles related to Quantitative Risk Analyst Intern jobs in Chicago, IL? For Quantitative Risk Analyst Intern jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Analyst Intern jobs in Chicago, IL look for? The top searched job categories for Quantitative Risk Analyst Intern jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Risk Analyst Intern jobs? Cities near Chicago, IL with the most Quantitative Risk Analyst Intern job openings:
Other
Posted 13 days ago
Job description
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release testing, historical data validation, margin and stress testing model validation, and portfolio back-testing. The candidate must have the ability to efficiently, effectively conduct research, analyze problems, formulate and implement solutions, and produce high quality results on time.
Candidates should also be willing to relocate to Chicago at their own costs.
Qualifications:
- Masters in Computer Science, Financial Engineering, Financial Mathematics, Mathematics, Physics, or a related discipline.
- Superb quantitative and analytical background.
- Excellent programming, communication, and documentation skills.
- Knowledge of financial markets.
- Work experience or education in advanced quantitative risk modeling and knowledge of statistical models in risk management preferred.
- Work experience or education in advanced derivatives modeling and knowledge of volatility models preferred.
- Work experience or education in curve construction and data validation preferred.
About Informatic Technologies
Sourced by ZipRecruiter
Company size
201 - 500 Employees
Headquarters location
North Brunswick, NJ, US
Year founded
1996