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Quantitative Risk Management Jobs (NOW HIRING)

corpay

Quantitative Risk Analyst

Salt Lake City, UT · Hybrid

You will manage client data workflows, maintain and troubleshoot Python-based automations, and ... How We Work As a Quantitative Risk Analyst you will be expected to work in a hybrid environment.

Polymarket

Quant Risk Analyst

New York, NY · On-site

Quantitative risk management background with direct ownership of model development, not just consumption of outputs from a research team. * Strong financial modeling skills in Python. You write clean ...

State Street Corporation

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 ...

Aflac

AVP, Quantitative Risk Analyst

Manhattan, NY · On-site

$140K - $185K/yr

AVP Quantitative Risk Analyst Salary Range: $140,000 to $185,000 Job Posting End Date: August 24 ... Certification in CFA, FRM, Actuarial credentials or similar investment risk management credentials ...

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Quantitative Risk Management information

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$51.5K

$111.6K

$170K

How much do quantitative risk management jobs pay per year?

As of Aug 19, 2026, the average yearly pay for quantitative risk management in the United States is $111,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $129,000.00 per year, depending on experience, location, and employer.

What is quantitative risk management?

Quantitative risk management is the process of using mathematical models, statistical techniques, and data analysis to identify, measure, and manage financial risks within an organization. Professionals in this field apply quantitative methods to assess potential losses from market movements, credit events, or operational failures, and help organizations make informed decisions to mitigate these risks. This approach is widely used in banking, insurance, asset management, and other financial sectors to ensure regulatory compliance and optimize risk-adjusted returns.

How does a quantitative risk management professional typically collaborate with other departments within a financial institution?

Quantitative Risk Management professionals frequently work closely with departments such as trading, finance, and compliance. They provide analytical support by developing risk models and stress-testing scenarios, ensuring that trading strategies and investment decisions align with the institution's risk appetite. Regular communication with IT teams is also common, as these professionals often need to implement or improve risk measurement tools and data systems. This cross-functional collaboration is essential for maintaining a robust risk management framework and responding effectively to emerging risks.

What are the key skills and qualifications needed to thrive as a quantitative risk manager, and why are they important?

To thrive as a Quantitative Risk Manager, you need strong analytical skills, expertise in statistics or mathematics, and typically a degree in finance, economics, or a quantitative discipline. Familiarity with risk modeling software, programming languages like Python or R, and industry certifications such as FRM or CFA is often required. Outstanding problem-solving abilities, attention to detail, and effective communication set top professionals apart in this role. These skills are crucial for accurately assessing financial risks, making informed decisions, and communicating complex findings to stakeholders.

What is the difference between Quantitative Risk Management vs Quantitative Analyst?

AspectQuantitative Risk ManagementQuantitative Analyst
Primary FocusAssessing and managing financial risksDeveloping models for investment strategies
CertificationsFRM, PRMCFA, CQF
Work EnvironmentFinancial institutions, risk departmentsInvestment banks, asset management firms
Key SkillsRisk modeling, regulatory knowledgeStatistical analysis, programming

Quantitative Risk Management focuses on identifying and mitigating financial risks within organizations, often requiring risk-specific certifications like FRM. In contrast, Quantitative Analysts develop models to support trading and investment decisions, emphasizing statistical and programming skills. Both roles are vital in finance but serve different strategic purposes.

What can I do with a quantitative risk management degree?

A degree in quantitative risk management prepares individuals for roles such as risk analyst, risk manager, or financial analyst in banking, insurance, or investment firms. These roles involve assessing and mitigating financial risks using statistical models, data analysis, and tools like Excel, R, or Python. Certification programs like FRM or PRM can enhance career prospects.

What does a quantitative risk management do?

A quantitative risk management professional analyzes financial data and models to identify, measure, and mitigate potential risks to an organization. They use statistical tools, programming skills, and risk assessment techniques to develop strategies that minimize losses and ensure regulatory compliance.
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Quantitative Risk Management jobs near you
Infographic showing various Quantitative Risk Management job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $111,556 per year, or $53.6 per hour.

Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

State Street Corporation

Boston, MA • On-site

$90K - $157K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago

Job description

JOB DESCRIPTION
State Street Investment Management (State Street IM) Model Risk Management (MRM) function is seeking a Quantitative Risk Analyst to join its State Street IM Model Validation team based in Boston, MA. The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business. Diverse product knowledge including index products, ETFs, responsible investing as well as experience in the general risk areas covering credit, liquidity, market and operational risk, securities finance, asset management, and stress testing is important.
Specific tasks performed during model reviews include:
  • Review the model workflow and identify gaps in model methodology, development, implementation, and usage process and documentation
  • Challenge the model methodology by testing its assumptions and parameters; independently evaluate model performance and perform benchmarking; suggest areas for improvement
  • Collaborate with portfolio managers, traders, researchers, model developers, IT, and Corporate Model Risk Management to conduct independent validation as well as annual reviews of models supporting State Street IM business and company-wide strategic initiatives
  • Review and assess model changes and conduct targeted validation on significant model changes
  • Evaluate remediation submissions and ongoing monitoring of models
  • Identify, assess, and report model risks on individual model and aggregate level to management through validation reports and other MRM reporting

Job Qualifications:
  • MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
  • Excellent quantitative modeling, analytical, research, and programming skills (e.g., R, Python, MATLAB, SQL)
  • Deep knowledge of economic theory and empirical finance across a broad range of products and asset classes
  • Strong understanding of the asset management business and its modeling philosophy, including factor models
  • Proven ability to leverage LLMs/GenAI or their applications in day-to-day work and model review activities
  • Solid understanding of Model Risk Management Framework including SR 11-7 and other regulatory guidance related to the model risk management
  • Strong written and verbal communication skills
  • Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Salary Range:
$90,000 - $157,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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About State Street

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State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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