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Quantitative Risk Manager Jobs in Minnesota (NOW HIRING)

US Bank

Quantitative Model Analyst 2

Minneapolis, MN · On-site

The candidate will receive direction from their manager and other senior analysts, while also ... internal risk standards. The position also requires clear communication of model performance ...

US Bank

Fraud Risk Analyst

Minneapolis, MN · On-site

... quantitative field. Extensive data analytics experience in fraud analytics, fraud prevention, risk management, financial services, cybersecurity, or a related field, and experience translating ...

U.S. Bank

Fraud Risk Analyst

Minneapolis, MN · On-site

... quantitative field. • Extensive data analytics experience in fraud analytics, fraud prevention, risk management, financial services, cybersecurity, or a related field, and experience translating ...

US Bank

Fraud Risk Analyst

Minneapolis, MN · On-site

Working closely with partners across operations, technology, and risk management, you will quantify ... Bachelor's degree in Quantitative field; Master's degree a plus This role requires working from a U.

U.S. Bank

Fraud Risk Analyst

Minneapolis, MN · On-site

Working closely with partners across operations, technology, and risk management, you will quantify ... Bachelor's degree in Quantitative field; Master's degree a plus This role requires working from a U.

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · On-site

This position is responsible for the management and servicing of complex high risk asset portfolio ... Meets with clients to provide quantitative assessments of financial performance in relation to ...

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · Hybrid

This position is responsible for the management and servicing of complex high risk asset portfolio ... Meets with clients to provide quantitative assessments of financial performance in relation to ...

Compeer Financial

Prin Credit Officer Risk

Mankato, MN · On-site

This position is responsible for the management and servicing of complex high risk asset portfolio ... Meets with clients to provide quantitative assessments of financial performance in relation to ...

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Showing results 21-40

All JobsQuantitative Risk JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Minnesota

Quantitative Risk Manager information

See Minnesota salary details

$50.4K

$109.3K

$166.5K

How much do quantitative risk manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for quantitative risk manager in Minnesota is $109,259.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,100.00 and $126,300.00 per year, depending on experience, location, and employer.

What is a quantitative risk manager?

A Quantitative Risk Manager is a professional who uses mathematical models, statistical analysis, and quantitative techniques to identify, measure, and manage financial risks within an organization. They often work in banks, investment firms, or insurance companies to analyze market, credit, and operational risks. Their responsibilities include developing risk models, monitoring risk exposures, and advising senior management on risk mitigation strategies. They play a key role in ensuring that organizations make informed decisions and comply with regulatory requirements.

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

Quantitative Risk Managers work closely with teams such as trading, compliance, IT, and senior management to identify, measure, and mitigate financial risks. They often translate complex quantitative models into actionable insights for non-technical stakeholders and facilitate the integration of risk metrics into daily decision-making processes. Collaboration is essential for ensuring that risk assessments align with business objectives and regulatory requirements, often requiring regular cross-functional meetings and clear communication.

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 abilities, a deep understanding of statistics and financial mathematics, and typically an advanced degree in finance, mathematics, or a related field. Proficiency in programming languages like Python or R, experience with risk modeling software, and certifications such as FRM or CFA are highly valuable. Exceptional problem-solving, communication, and collaboration skills help you convey complex risk metrics to stakeholders and work effectively in cross-functional teams. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making in dynamic financial environments.

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

AspectQuantitative Risk ManagerQuantitative Analyst
Primary FocusAssessing and managing risk exposure across financial portfoliosDeveloping models and algorithms for investment strategies
Required CredentialsAdvanced degrees in finance, mathematics, or related fields; certifications like FRM or CFADegrees in finance, mathematics, or statistics; often pursuing CFA or similar
Work EnvironmentFinancial institutions, risk management departmentsInvestment firms, hedge funds, banks
Key SkillsRisk assessment, regulatory knowledge, quantitative modelingData analysis, programming, financial modeling

While both roles involve quantitative skills and financial knowledge, Quantitative Risk Managers focus on identifying and mitigating risks within organizations, whereas Quantitative Analysts primarily develop models to inform investment decisions. Understanding these differences helps professionals choose the right career path or job search focus.

What are popular job titles related to Quantitative Risk Manager jobs in Minnesota?

For Quantitative Risk Manager jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Quantitative Risk Manager jobs in Minnesota look for?

The top searched job categories for Quantitative Risk Manager jobs in Minnesota are:

What cities in Minnesota are hiring for Quantitative Risk Manager jobs?

Cities in Minnesota with the most Quantitative Risk Manager job openings:

Quantitative Risk Manager jobs near you
Infographic showing various Quantitative Risk Manager job openings in Minnesota as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $109,259 per year, or $52.5 per hour.

Quantitative Model Analyst 2

US Bank

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 362 frontline employees who took The Breakroom Quiz

50th of 171 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

NOTE: This position is not eligible for current or future visa sponsorship.

This position will report to the Enterprise Financial Crimes Compliance Financial Intelligence Unit Monitoring Management & Development team. The candidate will develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within U.S. Bank customer accounts.

The candidate will both take ownership of existing models and support the development of new models designed to identify anomalous transaction activity by Bank customers that is indicative of potential illicit activity. The candidate will receive direction from their manager and other senior analysts, while also working independently on their designated subject matter.

Key responsibilities include creating/developing models, creating/reviewing model documentation, conducting periodic performance assessments, tuning/calibration and ensuring models meet regulatory expectations and internal risk standards.

The position also requires clear communication of model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams. The candidate must have excellent communication skills and be able to tailor communications to multiple target audience with the appropriate level of technical detail for each.

Common deliverables include:

Model development artifacts

Model performance assessments

Documentation of model implementation and monitoring procedures

Business requirements for model integration

Ongoing monitoring reports and related code

Presentations and written summaries for internal and regulatory audiences

Basic Qualifications
- Bachelor's degree in a quantitative field, and three or more years of relevant experience
OR
- MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

Experience with internally developed and/or vendor-provided models for transaction monitoring or financial crime detection

Advanced knowledge of statistical modeling techniques and validation methodologies

Strong programming skills in SAS, Python, SQL, or similar

Understanding of AML regulations

Ability to interpret and communicate complex model behavior to non-technical stakeholders

Strong organizational, analytical, and project management skills

Demonstrated ability to work independently and collaboratively across teams

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for current or future visa sponsorship.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,345.00 - $115,700.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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Benefits

Hours and flexibility

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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