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Quantitative Risk Analyst Jobs in Illinois (NOW HIRING)

Experienced Risk Manager

Chicago, IL ยท On-site

$150 - $200/hr

Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making * Build and enhance quantitative risk tools, reporting, and ...

Experienced Risk Manager

Chicago, IL ยท On-site

$150K - $210K/yr

Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making * Build and enhance quantitative risk tools, reporting, and ...

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 ...

Principal Credit Risk Analyst

Chicago, IL ยท 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 ...

Senior Risk Analyst

Chicago, IL ยท On-site

$100K - $115K/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 ...

Showing results 21-40

Quantitative Risk Analyst information

See Illinois salary details

$54.8K

$129.7K

$232.6K

How much do quantitative risk analyst jobs pay per year?

As of Sep 8, 2026, the average yearly pay for quantitative risk analyst in Illinois is $129,730.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,000.00 and $141,000.00 per year, depending on experience, location, and employer.

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 the key skills and qualifications needed to thrive as a quantitative risk analyst?

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 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 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 are the most commonly searched types of Quantitative Risk Analyst jobs in Illinois?

The most popular types of Quantitative Risk Analyst jobs in Illinois are:

What job categories do people searching Quantitative Risk Analyst jobs in Illinois look for?

The top searched job categories for Quantitative Risk Analyst jobs in Illinois are:

Infographic showing various Quantitative Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $129,730 per year, or $62.4 per hour.

Experienced Risk Manager

IMC B.V.

Chicago, IL โ€ข On-site

$150 - $200/hr

Other

PTO

Posted 20 days ago


Job description

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with tradingโ€”we don't operate as a separate control function. Instead, we work sideby-side with traders and technology teams to understand risk, challenge assumptions, and help build the frameworks that support better trading decisions. Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest impact. You'll collaborate daily with traders, quantitative researchers, and software engineers while helping shape the firm's approach to risk across existing and emerging trading strategies. This is an opportunity to join a highly collaborative team with significant visibility across the business, direct exposure to senior leadership, and the ability to influence both day-to-day trading decisions and the long-term evolution of IMC's risk framework.

Your Core Responsibilities:
  • Partner closely with traders to identify, monitor, and manage risk across a wide range of trading strategies
  • Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios
  • Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange-traded instruments
  • Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making
  • Build and enhance quantitative risk tools, reporting, and monitoring frameworks using Python
  • Partner with software engineering teams to improve risk infrastructure and automate risk workflows
  • Work closely with traders to evaluate new strategies, products, and markets while ensuring appropriate risk controls are in place
  • Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk
Your Skills and Experience:
  • 5+ years of experience in financial risk management, quantitative risk, or a related front-office risk function
  • Experience supporting exchange-traded products such as equities, ETFs, futures, or other linear products
  • Familiarity with Delta One trading strategies
  • Strong analytical and quantitative problem-solving skills
  • Proficiency in Python for data analysis, risk analytics, or automation
  • Working knowledge of SQL is preferred
  • Ability to communicate complex quantitative concepts to traders, engineers, and business stakeholders
  • Comfortable working in a highly collaborative, fast-paced environment with significant ownership and autonomy
  • FINRA SIE and Series 57, or willingness to obtain them after joining IMC

Please note that immigration sponsorship is not offered for this specific opening.

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance.

Please visit Benefits - US | IMC Trading for more comprehensive information.

Salary Range $150,000 โ€” $210,000 USD

About Us

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, weโ€™ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

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