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Quantitative Risk Analyst Jobs in California (NOW HIRING)

Cathay Bank

AVP, Business Risk Analyst

El Monte, CA · On-site

$93K - $114K/yr

Support Risk and Control Self-Assessment (RCSA) processes with quantitative evidence. QUALIFICATIONS Education: * Master's degree preferred (MBA, Finance, Analytics). * Bachelor's degree in Finance ...

AECOM

Program Risk Manager

Sacramento, CA

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and integrated Cost and Schedule analyses, to enable robust forecasting and tracking of risk exposure. * Use ...

AECOM

Program Risk Manager

Sacramento, CA · On-site

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and integrated Cost and Schedule analyses, to enable robust forecasting and tracking of risk exposure. * Use ...

East West Bank

Senior Quantitative Analyst

Pasadena, CA · On-site

$100K - $165K/yr

Participate in developing and implementing credit risk models for the use of CECL (develop, test ... Conduct quantitative analysis as it applies to key business areas or specific types of models.

Block

Senior Credit Risk Analyst

Bodega Bay, CA · On-site

Bachelor's degree preferably in a business or quantitative field * 5+ years of prior credit risk ... Strong interpersonal, analytical, verbal and written communication skills Technologies We Use and ...

Intuit

Fraud and Risk Analyst 2

Mountain View, CA

Ability to perform quantitative and business trade off decisions to improve risk operation ... Strong analytical ability and proven business acumen with at least 2 years of relevant experience.

Intuit

Fraud and Risk Analyst 2

Mountain View, CA

Ability to perform quantitative and business trade off decisions to improve risk operation ... Strong analytical ability and proven business acumen with at least 2 years of relevant experience.

Qcells

Counterparty Risk Analyst (Financial)

Irvine, CA · On-site +1

$75K - $95K/yr

EnFin's Risk Analyst is responsible for the analysis, structuring, and administration of the ... Excellent analytical, quantitative, and Excel skills; experience working with SFDC and data ...

Qcells

Counterparty Risk Analyst (Financial)

Irvine, CA · On-site

$75K - $95K/yr

EnFin's Risk Analyst is responsible for the analysis, structuring, and administration of the ... Excellent analytical, quantitative, and Excel skills; experience working with SFDC and data ...

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All JobsQuantitative Risk Analyst JobsQuantitative Risk Analyst Jobs in California

Quantitative Risk Analyst information

See California salary details

$55.8K

$132.1K

$236.9K

How much do quantitative risk analyst jobs pay per year?

As of Jun 9, 2026, the average yearly pay for quantitative risk analyst in California is $132,124.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,000.00 and $143,600.00 per year, depending on experience, location, and employer.

What are some common challenges a Quantitative Risk Analyst faces when integrating new data sources into risk models?

Quantitative Risk Analysts often encounter challenges related to data quality, consistency, and compatibility when integrating new data sources into risk models. Ensuring that the data is accurate, timely, and relevant requires rigorous validation and sometimes complex data cleaning processes. Additionally, analysts must adapt existing risk models to accommodate new variables, which may involve re-calibrating parameters or even restructuring parts of the model. Effective collaboration with IT and data engineering teams is essential to streamline data integration and maintain model reliability.

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

To thrive as a Quantitative Risk Analyst, you need strong analytical and mathematical skills, experience with statistical modeling, and typically a degree in finance, mathematics, statistics, or a related field. Proficiency in programming languages such as Python, R, or MATLAB, and familiarity with risk management systems and financial databases are important technical requirements. Attention to detail, problem-solving abilities, and effective communication are vital soft skills for explaining complex analyses to stakeholders. These skills are crucial for accurately identifying, measuring, and mitigating financial risks in dynamic market environments.

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

AspectQuantitative Risk AnalystCredit Risk Analyst
Required CredentialsDegree in finance, economics, or mathematics; certifications like FRM or CFADegree in finance, economics, or related; certifications like FRM or CFA often preferred
Work EnvironmentFinancial institutions, investment firms, risk management departmentsBanks, lending institutions, credit agencies
Employer & Industry UsageUsed across finance sectors for risk modeling and analysisPrimarily in banking and lending for assessing creditworthiness
Comparison Search IntentUnderstanding differences in risk analysis rolesDistinguishing credit-specific risk roles from broader risk analysis

While both roles involve risk assessment and require similar credentials, a Quantitative Risk Analyst focuses on modeling and analyzing various financial risks using quantitative methods across multiple risk types. In contrast, a Credit Risk Analyst specializes in evaluating creditworthiness and managing credit risk specifically within lending and banking sectors.

What is a Quantitative Risk Analyst?

A Quantitative Risk Analyst is a professional who uses mathematical models, statistical techniques, and data analysis to assess and manage financial risks within an organization. They typically evaluate potential losses from market movements, credit defaults, or operational failures and help develop strategies to mitigate those risks. Their work is crucial in industries such as banking, investment, insurance, and asset management, where understanding and controlling risk is essential for financial stability and compliance. Quantitative Risk Analysts often work with complex financial instruments and large datasets, requiring strong analytical and programming skills.
What are popular job titles related to Quantitative Risk Analyst jobs in California? For Quantitative Risk Analyst jobs in California, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Analyst jobs in California look for? The top searched job categories for Quantitative Risk Analyst jobs in California are:
Quantitative Risk Analyst jobs near you
Infographic showing various Quantitative Risk Analyst job openings in California as of May 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $132,124 per year, or $63.5 per hour.
AVP, Business Risk Analyst

AVP, Business Risk Analyst

Cathay Bank

El Monte, CA • On-site

$93K - $114K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 27 days ago

Job description

People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
A centralized first line of defense Business Risk Analyst supports Business Risk Control Officers (BRCOs) across assigned units. The centralized team drives consistency and standardization in risk management activities, enabling a cohesive, efficient, and transparent risk program. This role provides analytical capabilities, risk data coordination, and operational support to identify, assess, monitor, and report risks in a consistent 1LOD approach.
ESSENTIAL FUNCTIONS
  • Implement and promote common templates, definitions, and governance approaches for risk management.
  • Design, implement and monitor risk metrics supporting assigned unit activities. Identify leading indicators and early warning signals across assigned units.
  • Manage the reporting of Key Risk Indicators (KRIs) and performance-linked metrics aligned to business processes.
  • Build statistical and trend-based analysis models to monitor risk concentrations and operational anomalies.
  • Support rollout and adherence to risk policies, standards, and escalation procedures across all units.
  • Produce regular risk reporting presentations for risk governance forums and senior management.
  • Flag red/yellow risk trends and assist in root-cause analysis, ensuring consistency in interpretation across units.
  • Track remediation actions, milestones, and deadlines; assist in status reporting with standardized formats.
  • Analyze risk data to identify patterns, gaps, and opportunities for control improvement using uniform methodologies.
  • Assist in risk events capture, investigation support, and post-event reviews using common procedures.
  • Contribute to risk monitoring programs, incident reporting, and escalation workflows in a standardized way
  • Support training and awareness activities for frontline teams on risk management practices.
  • Develop risk reporting visualizations across key business functions using tools such as:
    • Excel
    • Power BI/Tableau
    • PowerPoint
    • Visio
  • Define threshold structures (Green / Amber / Red) based on risk appetite for escalation.
  • Monitor daily, weekly, and monthly risk metric performance and produce risk intelligence reports for management and division heads.
  • Support Issue Management for assigned Business units.
  • Conduct process-level risk identification for assigned Business units.
  • Map operational workflows to risk events and control points.
  • Identify control gaps and emerging operational risks based on metric behavior.
  • Provide analytical insights to strengthen internal controls and reduce loss events.
  • Monitor risk tolerance breaches and escalate according to governance protocols.
  • Partner with Business Risk and Control Officers to:
    • Interpret risk metrics
    • Identify operational vulnerabilities
    • Improve process resilience
  • Support third party onboarding and ongoing monitoring activities by supporting respective BRCOs and business units.
  • Support Risk and Control Self-Assessment (RCSA) processes with quantitative evidence.

QUALIFICATIONS
Education:
  • Master's degree preferred (MBA, Finance, Analytics).
  • Bachelor's degree in Finance, Risk Management, Economics, Data Analytics, Statistics, Mathematics, or other major within quantitative disciplines is required.

Experience:
  • Must have a minimum of 3-5 years of leadership experience in a banking environment or within the financial services industry serving in risk-related roles, preferably in a first line or a second line risk management role (operational risk management is preferred).
  • Experience with risk systems or governance, risk, and compliance (GRC) platforms.
  • Understanding of specific regulatory environments relevant to the organization.

Skills/Ability:
  • Strong knowledge of banking operations, products, and services and their related first line internal operating processes.
  • Knowledge of incident management, KRIs, RCSAs, and risk remediation tracking.
  • Advanced level experience working in Microsoft Office applications, including Word, Excel, PowerPoint, and Visio.
  • Highly analytical, detailed oriented, self-starter, and strong execution competencies.

OTHER DETAILS
$93,000 - $114,200 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the "Know Your Rights: Workplace Discrimination is Illegal" Poster:
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Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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