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Quantitative Risk Analyst Jobs in Pennsylvania (NOW HIRING)

... The Quantitative Analyst II is responsible for supporting developing and maintaining complex ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

... The Quantitative Analyst II is responsible for supporting developing and maintaining complex ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

... The Quantitative Analyst II is responsible for supporting developing and maintaining complex ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

OH0713 NW Bancshares HQ, PA0258 Bellevue The Quantitative Analyst III is responsible for supporting ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

OH0713 NW Bancshares HQ, PA0258 Bellevue The Quantitative Analyst III is responsible for supporting ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

OH0713 NW Bancshares HQ, PA0258 Bellevue The Quantitative Analyst III is responsible for supporting ... Risk Manager (FRM) Certification from GARP or pursuit thereof Northwest is an equal opportunity ...

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Quantitative Risk Analyst information

See Pennsylvania salary details

$56.6K

$134.2K

$240.6K

How much do quantitative risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative risk analyst in Pennsylvania is $134,199.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,800.00 and $145,800.00 per year, depending on experience, location, and employer.

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 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 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 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 Pennsylvania? The most popular types of Quantitative Risk Analyst jobs in Pennsylvania are:
What are popular job titles related to Quantitative Risk Analyst jobs in Pennsylvania? For Quantitative Risk Analyst jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Analyst jobs in Pennsylvania look for? The top searched job categories for Quantitative Risk Analyst jobs in Pennsylvania are:
What cities in Pennsylvania are hiring for Quantitative Risk Analyst jobs? Cities in Pennsylvania with the most Quantitative Risk Analyst job openings:
LOB Risk Lead (Cyber Risk Quantification)

LOB Risk Lead (Cyber Risk Quantification)

PNC Financial Services Group, Inc.

Pittsburgh, PA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago


PNC Bank rating

7.8

Company rating: 7.8 out of 10

Based on 331 frontline employees who took The Breakroom Quiz

66th of 141 rated banks


Job description

Position Overview
At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a LOB Risk Lead within PNC's Enterprise Technology Risk organization, you will be based in Dallas, TX, Pittsburgh, PA, Strongsville, OH, Birmingham, AL or Phoenix, AZ.
Position Overview:
As a LOB Risk Lead in the Enterprise Technology Risk organization, you will lead the development, application, and continuous enhancement of quantitative cyber and technology risk practices in support of (1LOD) activities. You will apply risk principles and industry frameworks to ensure consistent, explainable, and defensible risk decisions across the enterprise, balancing protection, resiliency, and business strategy.
This role is hands-on analytical and engineering-oriented: you will build and validate quantification models, calibrate scenarios, produce loss exceedance curves, and translate uncertainty into actionable decisions for senior leadership and risk committees.
Knowledge/Skills/Abilities:
• Lead enterprise cyber risk quantification using FAIR, Monte Carlo simulation, calibrated estimation, and complementary statistical methods.
• Define risk analysis scope, assumptions, and ranges; build and maintain reusable quantification models for major threat scenarios.
• Produce loss exceedance curves, VaR/expected loss metrics, scenario rankings, and sensitivity analyses to inform risk appetite, tolerances, and prioritization.
• Conduct independent 2LOD challenge of 1LOD scenarios, control efficacy claims, KRIs/KPIs, tools, and quantification approaches for transparency and model risk fitness.
• Integrate internal/external loss data, threat intel, control telemetry, vulnerability data, and insurance information with clear lineage and defensible methodology.
• Maintain model inventories, documentation, testing, and validation artifacts to meet audit and regulatory expectations.
• Work closely with the vendor to calibrate, enhance, update, and manage the model.
• Deliver executive ready reporting for committees covering top cyber risks, trending, LEC changes, capital/stress impacts, and appetite/tolerance considerations.
• Ensure alignment of cyber/tech risk quantification with policy, regulatory standards, operational risk, resiliency, and scenario analysis programs.
• Facilitate cross functional workshops with engineering, threat intel, IR, privacy, legal, compliance, audit, and operations to calibrate scenarios and drive shared understanding.
• Mentor analysts and uplift 1LOD quant capabilities while preserving 2LOD independence; coordinate team communications and contribute to internal thought leadership.
PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
  • Establishes Line of Business risk management strategy and oversees the execution of the risk management programs. Serves as an advocate for the risk management program.
  • Ensures the risk management strategies and programs are established, maintained and enhanced to support the businesses in managing their risks while meeting business and regulatory expectations.
  • Oversees the timely and proper execution of the risk management program within and/or across the lines of business. Includes consultation to execute the program components.
  • Provides risk expertise while working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Monitors changes in internal and external factors and identifies emerging risks.
  • Leads and engages cross functional teams and develops internal capabilities.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Qualifications
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred Skills
Change Management, Conflict Management, Crisis Management, Critical Incident Stress Management (CISM), Emerging Risks, Influencing Change, Operations Management, Risk Management Programs, Strategic Planning
Competencies
Collaborating, Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Industry Knowledge, Internal Controls, Operational Risk, Organizational Governance, Process Management, Regulatory Environment - Financial Services, Standard Operating Procedures
Work Experience
Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education
Bachelors
Certifications
No Required Certification(s)
Licenses
No Required License(s)
Pay Transparency
Base Salary: $65,000.00 - $157,300.00
Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.
Application Window
Generally, this opening is expected to be posted for two business days from 02/03/2026, although it may be longer with business discretion.
Benefits
PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com.
Disability Accommodations Statement
If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
Equal Employment Opportunity (EEO)
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
California Residents
Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

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