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Quantitative Risk Analyst Jobs in Virginia (NOW HIRING)

Freddie Mac's Multifamily Portfolio and Risk Management team needs creative, forward-thinking individuals like you! We are seeking a Quantitative Analytics Professional who will be responsible for ...

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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.

Lead Analyst, Risk Intelligence

Richmond, VA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Markel rating

9.2

Company rating: 9.2 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

23rd of 315 rated insurance


Job description

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it.
The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.Join us and play your part in something special!The Lead Analyst, Risk Intelligence s responsible for translating risk insight into practical decision support to help Markel's decentralized leadership remain within established guardrails while anticipating emerging threats. This role is responsible for executing the technical work that connects emerging risk, market intelligence, and stress and scenario work with Markel's business planning and global capital modeling. The goal is to make risk foresight routine, reliable, and decision-ready.
Key Responsibilities
  • Intelligence Production: Draft the Quarterly Markel Intelligence Report, synthesizing industry trends, macro drivers, and internal data and perspectives into concise summaries for the Board.

  • Horizon Scanning & AI Integration: Develop and operate an "always-on" scanning rhythm that combines human expertise with agentic AI to separate noise from material threats and proactively communicate actionable insights.

  • Stress & Scenario Analysis: Design, parameterize, and execute stress scenarios, parameterizing scenarios that feed into both the ORSA (Markel Group and Markel Insurance) and CISSA (Bermuda) filings.

  • Risk Appetite: Help develop risk tolerances supporting Markel's risk appetite, and implement relevant Key Risk Indicators (KRIs) to monitor exposure against appetite.

  • Leadership Input: Support the Director in designing and facilitating scenario workshops, interviews, surveys and tabletop exercises with underwriting and other leaders across the organization.

  • Cross-Functional Engagement: Partner with Underwriting, Actuarial, Finance, and Capital Modeling teams to integrate risk intelligence into portfolio management, business planning, and decision-making.

  • Agile Project Execution: Deliver on quarterly milestones in a fast-paced environment, managing competing priorities to ensure rapid incident response and "decision-ready" briefs for senior leaders.

Required Skills & Experience
  • Insurance Background: 5+ years of experience in insurance risk, actuarial, or strategy, or other analytical roles.

  • Exceptional Communication: A track record of producing high-caliber, concise written materials for executive forums; the ability to translate technical uncertainty into clear business narratives.

  • Attention to Detail: Meticulous approach to quality control, ensuring that exposure data is accurate and that "lead time" from signal to approved action is minimized.

  • Technical Proficiency: Skilled in analytics (e.g., Excel, SQL, Python), Powerpoint, and visualization tools (e.g., Tableau, Power BI).

  • Project Management & Pace: Proven ability to manage complex, multi-stakeholder information gathering while meeting rigorous deadlines in a high-volume environment.

Education & Certification
  • Education: Bachelor's degree in a quantitative or risk-related discipline (Finance, Economics, Mathematics, etc.) is required.

  • Certifications: Professional designations such as CPCU, ARM, FRM, or Actuarial credentials, or progress toward them are highly preferred.

US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information:
Base salary offered for the successful candidate will be based on compensable factors, such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary for the Lead Analyst, Risk Intelligence position is $116,080 - $159,610 with 25% bonus potential.
Who we are:
Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.
We're all about people | We win together | We strive for better
We enjoy the everyday | We think further
What's in it for you:
In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
  • We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.

  • All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?
Choose 'Apply Now' to fill out our short application, so that we can find out more about you.
Caution: Employment scams
Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:
  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.
Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.
No agencies please.

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