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Quantitative Risk Analyst Jobs in Minnesota (NOW HIRING)

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Quantitative Risk Analyst information

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$55.3K

$131.1K

$235.1K

How much do quantitative risk analyst jobs pay per year?

As of Aug 18, 2026, the average yearly pay for quantitative risk analyst in Minnesota is $131,121.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,200.00 and $142,500.00 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 Minnesota?

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

What are popular job titles related to Quantitative Risk Analyst jobs in Minnesota?

For Quantitative Risk Analyst jobs in Minnesota, the most frequently searched job titles are:

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

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

Quantitative Risk Analyst jobs near you
Infographic showing various Quantitative Risk Analyst job openings in Minnesota as of August 2026, with employment types broken down into 92% Full Time, 6% Part Time, and 2% Contract. Highlights an 76% In-person, 10% Hybrid, and 14% Remote job distribution, with an average salary of $131,121 per year, or $63 per hour.

Commercial Portfolio Manager III - Equipment Finance

Huntington National Bank

Minnetonka, MN • On-site

$83K - $208K/yr

Full-time

Medical, Life, Retirement, PTO

Posted 23 days ago

Huntington National Bank rating

8.1

Company rating: 8.1 out of 10

Based on 170 frontline employees who took The Breakroom Quiz

65th of 171 rated banks

Job description

Description
This position is available to be filled at any Huntington Bank Corporate office location.
The Commercial Portfolio Manager III - Equipment Finance serves as a senior-level credit professional responsible for underwriting and managing large, complex credit relationships. This role demonstrates advanced credit expertise, exercises independent judgment in evaluating credit risk, and serves as a trusted resource to peers, relationship managers, and credit leadership. In addition to underwriting responsibilities, the Commercial Portfolio Manager III provides guidance and mentorship to junior team members, assists with process improvement initiatives, and contributes to the overall quality and consistency of credit decisioning across the portfolio while adhering to all regulatory and compliance guidelines. A critical component of this role is early identification of emerging credit problems and industry trends.
Duties and Responsibilities:
  • Independently underwrite complex large-ticket equipment finance lease / loan facilities.
  • Perform comprehensive analysis of borrower financial statements, cash flow generation, leverage, liquidity, collateral coverage, and repayment capacity.
  • Assess qualitative and quantitative risk factors, including industry dynamics, competitive positioning, management strength, customer concentration, and operational performance.
  • Prepare and present detailed credit recommendations and underwriting memoranda for approval authorities.
  • Serve as the primary credit resource for complex, high-exposure, or specialized transactions requiring advanced analytical expertise.
  • Evaluate transaction structure, collateral position, guarantor support, and other risk mitigants to ensure alignment with Huntington's risk appetite.
  • Recommend risk ratings and monitor relationships for material changes in financial condition, collateral position, or overall credit profile.
  • Partner closely with assigned Relationship Managers, Sales personnel, Credit Officers, Legal, Operations, and other stakeholders to facilitate sound credit decisions while supporting business objectives.
  • Provide thoughtful challenge to transaction assumptions and identify emerging risks that may impact credit quality.
  • Mentor and provide technical guidance to Credit Analysts, Portfolio Managers, and Senior Portfolio Managers, including review of analyses, coaching, and knowledge sharing.
  • Assist management with training, onboarding, and development of less experienced team members.
  • Serve as a subject matter expert for underwriting policy, financial analysis, industry research, and credit structuring matters.
  • Support special projects, strategic initiatives, portfolio reviews, regulatory examinations, and internal audit requests.
  • Identify opportunities to improve underwriting efficiency, consistency, and risk management practices.
  • Act as a resource for escalated credit matters and assist management in evaluating complex risk scenarios and exception requests.
  • Maintain a high level of awareness regarding economic conditions, industry developments, regulatory changes, and emerging credit risks.
  • Performs other duties as assigned.

Required Qualifications:
  • Bachelor's Degree in Accounting, Finance, or related field.
  • 7+ years of experience in commercial credit analysis.

Preferred Qualifications:
  • Previous equipment finance underwriting experience.
  • Strong interpersonal skills and solid written/verbal communication.
  • Ability to prioritize workflow and multi-task in a fast-paced environment.
  • Sound judgment and the ability to balance risk management objectives with business considerations.
  • CLFP designation.

#LI-DK1
#CML
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
$83,700 - $208,000 Annual Salary
The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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