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Quantitative Risk Analyst Jobs in Philadelphia, PA

WSFS Bank

Quantitative Risk Analyst

Philadelphia, PA · On-site

$64K - $105K/yr

... credit analysis. Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on ...

Wsfsbank

Quantitative Risk Analyst

Philadelphia, PA

$64K - $105K/yr

... credit analysis. Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on ...

WSFS Bank

Quantitative Risk Analyst

Philadelphia, PA

$64K - $105K/yr

... credit analysis. Key Responsibilities: * Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on ...

Vangard, Inc.

Investment Risk Analyst

Malvern, PA

... markets, quantitative drivers, and general investment themes in order to bring an informed ... risk analysis. 6. Participates in special projects and performs other duties as assigned.

Vanguard Group

Investment Risk Analyst

Malvern, PA · On-site

... markets, quantitative drivers, and general investment themes in order to bring an informed ... risk analysis. 6. Participates in special projects and performs other duties as assigned.

Chubb

Senior Risk Analyst

Philadelphia, PA · On-site

Analyze and interpret quantitative and qualitative data to identify trends, patterns, and emerging risk signals to support data-driven decision-making. * Identify appropriate sources of information ...

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All JobsQuantitative Risk Analyst JobsQuantitative Risk Analyst Jobs in Philadelphia, PA

Quantitative Risk Analyst information

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$54K

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$229.4K

How much do quantitative risk analyst jobs pay per year?

As of Jun 29, 2026, the average yearly pay for quantitative risk analyst in Philadelphia, PA is $127,950.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,600.00 and $139,100.00 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 Philadelphia, PA? The most popular types of Quantitative Risk Analyst jobs in Philadelphia, PA are:
What are popular job titles related to Quantitative Risk Analyst jobs in Philadelphia, PA? For Quantitative Risk Analyst jobs in Philadelphia, PA, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Analyst jobs in Philadelphia, PA look for? The top searched job categories for Quantitative Risk Analyst jobs in Philadelphia, PA are:
Quantitative Risk Analyst jobs near you
Infographic showing various Quantitative Risk Analyst job openings in Philadelphia, PA as of June 2026, with employment types broken down into 92% Full Time, 3% Part Time, and 5% Contract. Highlights an 72% In-person, 5% Hybrid, and 23% Remote job distribution, with an average salary of $127,950 per year, or $61.5 per hour.
Quantitative Risk Analyst

Quantitative Risk Analyst

WSFS Bank

Philadelphia, PA • On-site

$64K - $105K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago

Key responsibilities

  • Assist in constructing credit decision scorecards and credit risk modeling strategies using quantitative modeling methods.

  • Develop and implement frameworks for data collection, processing, and analysis of customer and third-party data for credit risk strategies.

  • Validate credit default rates from portfolio attributes and make recommendations on credit models and policies.

Job description

Job Description
NewLane Finance is seeking an individual to assist the credit and risk modeling and analytics function using data to advance credit risk behavior and quantification of these risk and return tradeoffs through the deployment of models and algorithms to optimize such strategies. This role will be responsible for providing analytical/quantitative input to help develop, implement, and monitor the build of complex commercial small business Expected Default (ED) and Probability of Default (PD) credit default models.
The successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11-7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad-hoc projects as needed. Communicating model mechanics and articulating nuances to leadership will be an important aspect of the role. This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in commercial small business credit analysis.
Key Responsibilities:
  • Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling methods (e.g., good / bad definition, performance sample windows, sample size and exclusions).
  • Assist in developing and implementing a framework for data collection, processing and analyzing customer and 3rd party data (e.g., PayNet, D&B, consumer credit bureaus) for implementing credit risk strategies
  • Plan and execute self-driven analytics on large data sets (structured and unstructured data) using next generation technologies, prepare analysis and reports to support discussions on key analytics and model aspects to drive decision making
  • Validate credit default rates from portfolio attributes (e.g., delinquencies, EOD, loss curves, dealer performance) and make recommendations on credit model and policies
  • Work with sales management on risk-based pricing strategies optimizing dealer conversion rates and profitability.
  • Oversight of credit data mart used for reporting and portfolio performance monitoring.
  • Supporting ongoing and future projects working with the senior team.
  • Ability to create visualizations of data and/or quantitative information for management decision-making
  • Support building and enhancing procedures and model documentation in compliance with regulatory guidance as well as the Bank's model risk policy
  • Maintain current/develop new analytical reports and presentations for senior management, executive committees, and regulatory exams

Experience:
  • Bachelor's degree in Mathematics/Statistics, Operations Research, Economics, Finance, or other quantitative discipline; or in lieu of a degree, four (4) plus years' experience in Risk, Finance, Consumer Lending
  • Three (3) plus years of commercial small business credit modeling experience.
  • Two (2) plus years of experience in Consumer Lending statistical modeling/analytics, preferably related to ALL and/or Loss Forecasting modeling for credit cards.
  • Two (2) plus years in coding with Python, PySpark or other equivalent language within the past Five (5) years

Desired Characteristics:
  • Demonstrated experience with SAS and other statistical methods.
  • Proven decision-making role constructing credit models in a regulated environment
  • Strong quantitative and analytical skills in statistical analysis and data science best practices
  • Strong communication and partnering skills

Salary Range:
$64,491.00 - $105,949.50
Individual base pay may vary on additional factors such as the candidate's experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.
In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate's location and employment status. For more information about Associate benefits, please visit https://www.wsfsbank.com/about/careers/
WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.
WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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