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Quantitative Risk Analyst Jobs in Minnesota (NOW HIRING)

Socket.dev

Senior Credit Strategy Analyst

Minneapolis, MN · On-site

$150 - $200/hr

... risk * Partner with Data Science on model development, performance assessments, and model-strategy ... Elite quantitative & analytical skills. Proven ability to drive analytical projects and insights ...

Bold Orange Company, LLC

Senior Analyst

Minneapolis, MN · On-site +1

$85K - $125K/yr

... loyalty risk analysis, propensity modeling, etc. * Experience using AI tools (including skills ... quantitative analysis. * Working knowledge of SQL and Python for analytics and data warehouses ...

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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 Sep 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 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 September 2026, with employment types broken down into 1% As Needed, 81% Full Time, 6% Part Time, and 12% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $131,121 per year, or $63 per hour.

Resource Planning Analyst I or II or Senior

Xcel Energy

Minneapolis, MN

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Xcel Energy rating

8.3

Company rating: 8.3 out of 10

Based on 90 frontline employees who took The Breakroom Quiz

22nd of 53 rated energy and utility

Job description

  • Minneapolis, Minnesota, 55401, United States of America
  • Amarillo, Texas, 79101
  • Denver, Colorado, 80205

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you're looking for.
The below job summary and responsibilities reflect the duties of the Resource Planning Analyst I, Resource Planning Analyst II and Senior will differ as more skills and/or experience will be required. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.
Position Summary
Develop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.
Essential Responsibilities
  • Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly.
  • Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts.
  • Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives.
  • Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc.
  • In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.).
  • Research new techniques in quantitative optimization for application to resource planning analysis.
  • Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio.
  • Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards.

Minimum Requirements - Analyst I ($84,900 - $120,566)
  • Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (two years professional experience related experience equivalent to one year of college).
  • Two years of energy industry experience or equivalent experience working with large optimization / forecasting models.

Minimum Requirements - Analyst II ($97,600 - $138,600)
  • Bachelors degree in engineering, finance, economics, operations research, mathematics, business.
  • Five or more years related work experience.

Minimum Requirements - Senior Analyst ($112,200 - $159,400)
  • Bachelor's degree in engineering, mathematics, economics or quantitative analysis.
  • At least eight years utility experience in work functions such as plant engineering or operations, forecasting, rates, load research, or similar function that provides candidate with understanding of generation planning and system modeling techniques.
  • At least three years modeling experience with expansion or production simulation models.
  • Extensive system knowledge of at least one of the larger Xcel Energy utilities.

Preferred Requirements
  • Graduate work in finance, economics, operations research or decision analysis.
  • Experience running capacity expansion modeling in EnCompass, PLEXOS, Aurora, EGEAS, or equivalent.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com .
Non-Bargaining
The anticipated starting base pay for this position is: $84,900.00 to $159,400.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.
Deadline to Apply: 09/17/26
EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)
All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.
ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible 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 Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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About Xcel Energy

Sourced by ZipRecruiter

Xcel Energy is a prominent electricity and natural gas service provider serving multiple states in the United States, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Our commitment revolves around delivering essential services to our valued customers. As a trailblazer in the industry, we were the first major US electricity provider with a visionary goal to achieve 100% carbon-free electricity by 2050 and an ambitious 80% reduction in carbon emissions by 2030, based on 2005 levels. Through innovative electric vehicle initiatives, we actively contribute to carbon reduction not only in our electricity generation but also in the transportation sector within the states we operate. Simultaneously, we remain devoted to ensuring cost-effectiveness for our customers by implementing advanced electricity rates and energy efficiency programs.

Industry

Utilities

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1909

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