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Quantitative Risk Analyst Jobs in Minnesota (NOW HIRING)

US Bank

Credit Risk Python Architect

Minneapolis, MN · On-site

$111K - $131K/yr

Thorough data compilation, programming skills and qualitative analysis skills * Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk ...

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All JobsQuantitative Risk Analyst JobsQuantitative Risk Analyst Jobs in Minnesota

Quantitative Risk Analyst information

See Minnesota salary details

$55.3K

$131.1K

$235.1K

How much do quantitative risk analyst jobs pay per year?

As of Jul 8, 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 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 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 July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 6% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $131,121 per year, or $63 per hour.
AVP, Catastrophe Risk Management

AVP, Catastrophe Risk Management

Marsh & McLennan Companies, Inc.

Edina, MN • On-site

$79K - $145K/yr

Full-time

Medical, Retirement

Posted 21 days ago

Job description

Company:
Guy Carpenter
Description:
We are seeking a talented individual to join our Catastrophe Risk Management team at Guy Carpenter. This role will be based in Edina, MN. This is a hybrid role that has a requirement of working at least three days a week in the office.
This position is for an established and productive professional individual contributor in Catastrophe Risk Management, who works independently with minimal supervision. You will perform basic to moderately complex catastrophe analyses with oversight from senior project team members and communicate with clients to address their questions or project needs.
We will count on you to:
  • Manage basic-to-moderately complex quantitative analysis projects with input from senior project team members to calculate risk exposure and potential loss due to natural and man-made catastrophes.
  • Perform analyses using existing catastrophe risk models and evaluate resulting data sets to calculate client risk exposure.
  • Gather, organize, and review raw exposure data from clients for accuracy, validity, and identify abnormalities such as negative premiums or abnormal construction types.
  • Prepare summaries, presentations, and reports for basic or moderately complex client projects with guidance from senior team members.
  • Communicate with clients on basic/routine projects with oversight to address concerns and questions.
  • Research and summarize industry publications and scientific papers on specific or regional perils to support analyses and build personal knowledge.

What you need to have:
  • Bachelor's degree with 3+ years of relevant experience.
  • Excellent verbal and written communication skills.
  • Strong skills in Microsoft Office suite, including Word, Excel, and PowerPoint.
  • Comfortable working in interactive teams with brokers and clients.
  • Strong problem-solving skills.

What makes you stand out:
  • Experience with catastrophe risk modeling tools.
  • Knowledge of industry publications and scientific research related to catastrophe risk.
  • Ability to work independently with minimal supervision.

Why join our team:
  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

At Guy Carpenter, a Marsh business, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.
Guy Carpenter is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Guy Carpenter, visit guycarp.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
The applicable base salary range for this role is $79,500 to $145,800.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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