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Quantitative Risk Analyst Jobs in Virginia (NOW HIRING)

The key focus is on credit risk scorecard modeling, but the tasks may also include LGD and EAD ... Outstanding quantitative, empirical analysis, and research skills * Coursework or work experience ...

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Quantitative Risk Analyst information

See Virginia salary details

$56K

$132.7K

$237.9K

How much do quantitative risk analyst jobs pay per year?

As of Sep 9, 2026, the average yearly pay for quantitative risk analyst in Virginia is $132,729.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,500.00 and $144,300.00 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 Virginia?

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

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

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

Infographic showing various Quantitative Risk Analyst job openings in Virginia as of September 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, 3% Contract, and 1% Nights. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $132,729 per year, or $63.8 per hour.

Senior Risk Manager - Transportation Infrastructure

Virginia Beach, VA • On-site

HNTB
Construction • 1 - 5K employees

Full-time

Posted 28 days ago


Key responsibilities

  • Provides technical consultation and direction in project controls functions including risk management, scheduling, estimating, and cost control.

  • Develops, maintains, and updates project risk registers, facilitates risk workshops, and performs qualitative and quantitative risk analyses including Monte Carlo simulations.

  • Partners with project teams to identify, assess, monitor, and mitigate risks, and recommends contingency plans.


HNTB rating

9.2

Company rating: 9.2 out of 10

Based on 22 frontline employees who took The Breakroom Quiz


Job description

What We're Looking For

At HNTB, you can create a career that is meaningful to you while building communities that matter to all of us. For more than a century, we have been delivering solutions for some of the largest, most complex infrastructure projects across the country. With our historic growth, it is an exciting time to join our team of employee-owners.
This opportunity entails being responsible for providing technical consultation and direction in one or more project controls functions including but not limited to; scheduling, estimating, cost control, risk management, document control and project management information systems. This position supports the technical aspect of project development and delivery in their function area(s). A Principal Project Controls serves as technical advisor on complex projects and subject matter expert in their specialty. Provides guidance and mentorship and may lead and coordinate the work of project controls staff.
RISK FOCUS
The Senior Risk Manager provides risk management leadership for major transit programs and projects. This role develops and implements risk and contingency management processes, facilitates risk workshops, maintains risk registers, and performs qualitative and quantitative risk analyses, including Monte Carlo simulations. The position partners with program/project management, program/project controls, and program/project teams to identify, assess, monitor, and mitigate risks, while providing contingency recommendations and supporting informed decision-making. The Senior Risk Manager also mentors junior staff and serves as a technical leader in risk management practices.

What You'll Do:

  • May perform one or more of the following responsibilities based on applicable project controls functional area(s) including but not limited to; scheduling, estimating, cost control, risk management, document control and project management information systems.
  • Prepares material, labor, and equipment cost estimates for concept designs, design development documents, bid documents and change orders.
  • Develops conceptual estimates reflecting the potential budget of a project at a highly preliminary stage of design development and assists in the development of Independent Cost Estimates (ICE) to support the change management process for active projects.
  • Assists in the creation, maintenance and control of budgets and schedules from design concept through project completion. Utilizes the detailed cost estimate to support and develop schedules reflective of the labor hours generated to input schedule activity durations and resource needs.
  • Oversees and coordinates the creation of program/project management plans and procedures for several project controls activities.
  • Participates in the review and assessment of the project team or contractor monthly progress schedule updates on active projects and provides advisory input to the project manager or client/owner of the proposed disposition of the progress schedule update.
  • Develops costs forecasts and trends and analyzes accrual of actual costs. Evaluates and documents historical cost data to maintain current estimating standards and databases
  • Consults with the project team or client/owner related to potential claims, claims avoidance, and claims support.
  • Prepares reports and performance dashboards for a variety of project controls metrics, analyzes data and creates and/or participates in client presentations.
  • Develops and maintains project risk register. Escalates project risks and partners with the project team to create and propose mitigation plans.
  • Recommend appropriate technology solutions to support requirements of a program/project.
  • Supports project controls technology and project management control systems (PMCS). May recommend technology solutions to meet the requirements of a program or project and assist in the implementation of an appropriate (PMCS) solution.
  • May participate in negotiations on behalf of the client including providing support in price negotiations, contacting vendors to obtain quotes for materials and services, and leading change order negotiations as needed.

What You'll Need:

  • Bachelor's degree in Engineering, Architecture, Construction Management or related field and 12 years' relevant experience, or
  • In lieu of education, 16 years' relevant experience OR 12 years' relevant direct contractor experience

What You'll Bring:

  • Develop and implement comprehensive risk management policies, procedures, plans, and work instructions.
  • Facilitate risk workshops, interviews, and stakeholder meetings with internal and external teams.
  • Lead risk identification, assessment, response planning, monitoring, and reporting activities.
  • Develop, maintain, and update program and project risk registers.
  • Perform qualitative and quantitative risk analyses, including Monte Carlo simulations for cost and schedule impacts.
  • Establish risk modeling parameters and provide contingency recommendations.
  • Review project documentation to ensure alignment with identified risks and controls.
  • Prepare and present risk reports, analyses, and recommendations to project stakeholders.
  • Support project teams in developing and implementing mitigation strategies for critical risks.
  • Collaborate with estimating, scheduling, procurement, and project controls teams.
  • Ensure quality and consistency of risk management deliverables.
  • Develop and/or provide key input on management plans (PMPs, RCMPs) and financial plans as applicable for the project
  • Mentor Risk Specialists and provide technical guidance as needed.

What We Prefer:

  • AACE Project Risk Management Professional (PRMP), PMI Risk Management Professional (PMI-RMP), or equivalent certification is required.
  • Experience in transportation engineering design requirements and project delivery processes.
  • Experience across three or more project lifecycle phases (planning, design, procurement, construction, and post-construction).
  • Experience supporting major infrastructure or transit programs as an owner's representative, PM/CM consultant, or design-build team member.
  • Familiarity with FHWA, FTA, FRA, and FAA cost and schedule risk management processes and the FTA Cost Risk Model is required.
  • Familiarity with Safran Risk, Lumivero @Risk, Primavera Risk Analysis (PRA) and Oracle Crystal Ball software is preferred.
  • Bachelor's degree in Engineering, Architecture, Construction Management, or a related field, plus 15 years of relevant experience; 5 of the 15 years in passenger rail or related transportation modes and 10 of the 15 years of experience planning, designing, and implementing an overall risk management process for an organization.
  • In lieu of a degree, 20 years of experience in project controls, risk management, construction management, program management, contract management, or change management.
  • Proven expertise in developing and implementing a risk management system for a major transit program/project with significant complexity.

Additional Information

Click here for benefits information: HNTB Total Rewards

Click here to learn more about Equal Opportunity Employer/Disability/Veteran

Visa sponsorship is not available for this position.#JS

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Locations:

Allentown, PA (Lehigh Valley), Arlington, VA (Alexandria), Baltimore, MD, Charlotte, NC, Columbia, SC, Glen Allen, VA (Richmond), Harrisburg, PA, King of Prussia, PA (Norristown), North Charleston, SC, Philadelphia, PA (Pennsylvania), Pittsburgh, PA, Raleigh, NC, Virginia Beach, VA, Washington, DC

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The approximate pay range for Washington, DC is $173,075.17 - $276,470.74. Please note that the pay range provided is a good faith estimate for the position based on all selected locations within the state at the time of posting. Actual compensation will be dependent on factors, including but not limited to, the individual's qualifications, experience, knowledge, skills, and abilities as well as physical work location within the state.

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The approximate pay range for Maryland is $158,025.16 - $252,429.80. Please note that the pay range provided is a good faith estimate for the position based on all selected locations within the state at the time of posting. Actual compensation will be dependent on factors, including but not limited to, the individual's qualifications, experience, knowledge, skills, and abilities as well as physical work location within the state.

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The approximate pay range for Virginia is $150,500.15 - $276,470.74. Please note that the pay range provided is a good faith estimate for the position based on all selected locations within the state at the time of posting. Actual compensation will be dependent on factors, including but not limited to, the individual's qualifications, experience, knowledge, skills, and abilities as well as physical work location within the state.

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NOTICE TO THIRD-PARTY AGENCIES:

HNTB does not accept unsolicited resumes from recruiters or agencies. Any staffing/employment agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of HNTB. HNTB will have the right to hire that applicant at its discretion and without any fee owed to the submitting staffing/employment agency, person or entity. Staffing/employment agencies who have fee agreements with HNTB must submit applicants to the designated HNTB recruiter to be eligible for placement fees.


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About HNTB

Sourced by ZipRecruiter

At HNTB, you can create a career that is meaningful to you while building communities that matter to all of us. For more than a century, we have been delivering solutions for some of the largest, most complex infrastructure projects across the country. With our historic growth, it is an exciting time to join our team of employee-owners.

Industry

Construction

Company size

1,001 - 5,000 Employees

Headquarters location

Kansas City, MO, US

Year founded

1914