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Quantitative Risk Analyst Jobs (NOW HIRING)

Perform qualitative and quantitative risk analyses, including Monte Carlo simulations, to evaluate the probability and impact of identified risks. * Recommend appropriate contingency levels based on ...

New

Enterprise Risk Analyst - AI Risk

OR · On-site +1

$68K - $127K/yr

Quantitative Risk Support: Apply analytical and quantitative techniques to support Enterprise Risk Management and Quantitative Risk Management initiatives, including special projects and risk-related ...

New

Quantitative Risk, AVP

Boston, MA · On-site

$90K - $157K/yr

BACKGROUND The Centralized Modeling & Analytics and Operations(CMAO) team within State Street's Enterprise Risk Management (ERM) organization is looking for an experienced quantitative analyst to ...

Quantitative Risk Support: Apply analytical and quantitative techniques to support Enterprise Risk Management and Quantitative Risk Management initiatives, including special projects and risk-related ...

New

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

Risk Manager

Sacramento, CA · On-site

$110K - $165K/yr

Facilitate and support regular qualitative and quantitative risk assessments, including Quantitative Risk Analysis (QRA) sessions * Maintain risk logs and associated documentation in compliance with ...

New

Risk Manager

Sacramento, CA · On-site

$110K - $165K/yr

Facilitate and support regular qualitative and quantitative risk assessments, including Quantitative Risk Analysis (QRA) sessions * Maintain risk logs and associated documentation in compliance with ...

New

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

Showing results 41-60

Quantitative Risk Analyst information

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$56.5K

$133.9K

$240K

How much do quantitative risk analyst jobs pay per year?

As of Aug 17, 2026, the average yearly pay for quantitative risk analyst in the United States is $133,877.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,500.00 and $145,500.00 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.

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Infographic showing various Quantitative Risk Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $133,877 per year, or $64.4 per hour.

Quantitative Model Risk Analyst

Flagstar Bank

Hicksville, NY

$59K - $106K/yr

Full-time

Medical, Dental, Vision, Life

Posted 11 days ago


Job description

Position Title

Quantitative Model Risk Analyst

Location

Hicksville, NY 11801

Job Summary

The Quantitative Model Risk Analyst supports the implementation and execution of the Bank-wide model risk management policy. This includes the review of complex models used within the organization, model development documentations, model code, and model performance. The Quantitative Model Risk Analyst prepares written validation reports, makes recommendations, and follows up and tracks ongoing model risk issues.

Job Responsibilities:

JOB RESPONSIBILITIES

  • Performs independent validation of selected models to assess the conceptual soundness of model design and development, ongoing monitoring, and outcomes analysis.
  • Replicates the model code, reviews model development documentation and model inputs, processing, and outputs.
  • Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external.
  • Prepares written model validation reports and provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team.
  • Tracks remediation progress and resolution status for identified model deficiencies.
  • Assists in the development and maintenance of comprehensive reporting on the deficiencies identified, remediation status, and other critical data elements with respect to remediation.
  • Uses independent judgement and discretion to make decisions.
  • Analyzes and resolves problems.


ADDITIONAL ACCOUNTABILITIES

  • Performs special projects, and additional duties and responsibilities as required.
  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.


JOB REQUIREMENTS
Required Qualifications:

  • Education level required: Undergraduate Degree (4 years or equivalent) Business, Finance, Risk Analysis or related field.

  • Minimum experience required: 2+ years at a financial institution in risk management and/or model risk management, with a focus on an assigned specialty area such as credit risk rating models, asset liability management, treasury and liquidity models, or AI models.


Preferred Qualifications:

  • Education level preferred: Master's Degree (or Postgraduate equivalent) Business, Finance, Risk Analysis or related field.


Job Competencies:

  • General knowledge of model lifecycle preferably in a bank or regulatory environment.
  • Knowledge of MS Office software including Word, Excel, and PowerPoint, ability to produce charts and graphs in Excel.
  • Strong project management and organization skills.
  • Strong verbal and written communication skills.
  • Strong analytical skills and attention to detail.
  • Ability to multi-task and prioritize work appropriately.
  • Ability to work with all levels of management and staff across all lines of business in the Bank.
  • Ability to work independently and on a team and follow through assignments to completion.
  • Ability to meet established deadlines.
  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
  • Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
  • Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer


We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information:Benefits | Flagstar Bank

Pay Range

$59,312.25 - $106,858.00