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Quantitative Risk Manager Jobs in Minnesota (NOW HIRING)

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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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 Jun 18, 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.

Is quantitative risk management in demand?

Quantitative risk management is in high demand across financial services, insurance, and investment firms due to increasing regulatory requirements and the need for sophisticated risk assessment tools. Professionals in this field with skills in data analysis, statistical modeling, and programming are sought after, especially those with certifications like FRM or CFA. The role often involves using software such as Python, R, or MATLAB to develop risk models and monitor financial exposures.

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 salary of quant Risk Manager?

The salary of a Quantitative Risk Manager typically ranges from $100,000 to $200,000 annually, depending on experience, location, and the size of the organization. Senior roles or those in major financial hubs can earn higher compensation, often including bonuses and performance incentives.

How much do quant risk managers make?

Quantitative risk managers typically earn a median salary ranging from $100,000 to $150,000 annually, with experienced professionals in major financial centers earning over $200,000. Compensation often includes bonuses and depends on factors such as experience, education, certifications, and the complexity of the risk models managed.

What is a quantitative Risk Manager?

A quantitative risk manager is a professional who uses mathematical models, statistical analysis, and programming skills to identify, assess, and mitigate financial risks within an organization. They often work with tools like Excel, R, or Python and require strong knowledge of finance, mathematics, and risk management frameworks. Their goal is to help firms make data-driven decisions to minimize potential losses and ensure regulatory compliance.

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:
Quantitative Risk Manager jobs near you
Prin Credit Officer Risk

Prin Credit Officer Risk

Compeer Financial

Mankato, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.
How we support you:
  • Hybrid model - up to 50% work from home
  • Flexible schedules including ample flexibility in the summer months
  • Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
  • Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
  • Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
  • Learning and development programs
  • Mentorship programs
  • Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
  • Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.
To learn more about Compeer Financial visit www.compeer.com/careers.
This position offers a hybrid work option up to 50% remote and is based out of the MN-Mankato; MN-Lakeville; MN-Waite Park, WI-Eau Claire; WI-Sun Prairie; or WI-Onalaska office.
The contributions you will make:
This position is responsible for the management and servicing of complex high risk asset portfolio's across an assigned region or territory. Evaluates, underwrites and makes credit decisions for commercial, traditional, investor, and consumer loan requests originated by Compeer team members and determines if the characteristics of the credit package present an acceptable level of credit risk for the organization. Provides relationship based financial solutions for farmers, investors, and rural consumers in area of expertise within delegated authority. May be assigned a specific industry or subject matter on which to focus
A typical day:
Credit Analysis and Decision Making
  • Analyzes complex financial and supporting information submitted for formal and informal lending and servicing requests.
  • Identifies, communicates, and assists in the collection of financial information required to process lending and servicing requests.
  • Approves, declines, or escalates credit decision to higher authority levels as required.
  • Determines appropriate level of analysis and due diligence required based on credit risk.
  • Determines appropriate account classification and probability of default rating.
  • Effectively communicates the credit decision, terms, conditions, and findings through a formal narrative write-up.
  • Establishes loan conditions and closing requirements for approved actions.
  • Answers questions and provides direction on any credit related issues that arise during the processing, closing, and servicing of lending transactions.
  • Serves as a resource to credit team members regarding policies, procedures, and credit related matters.
  • Manages complex more challenging accounts with higher volume.

Credit Counseling and Loan Servicing
  • Partners with team members to provide credit counsel and financial solution options for clients.
  • Determines how to structure credits to meet internal lending requirements, client expectations, and the organizations growth objectives.
  • Meets with clients to provide quantitative assessments of financial performance in relation to internal lending standards.
  • Establishes servicing plans and other monitoring requirements for financially stressed accounts.
  • Compiles information for monthly and quarterly reporting (delinquency, TDR reporting, Disbursements and receipts, repricing, etc.).

Collection Services
  • Conducts and participates in complex negotiations for collecting or correcting non-performing accounts.
  • Approves or denies restructuring applications, standstill agreements and re-amortizations.
  • Counsels and convinces clients to agree on a workable solution.
  • Approves sending account to attorney to file litigation.
  • Inspects security to determine condition and approves partial release of security.
  • Discusses collection strategies with peers, legal counsel, and various research companies to develop the best collection strategy
  • Manages the collections of loans for contract entity by collecting loan payoffs and negotiating settlements.
  • Manages legal activities related to strategy, litigation, proceedings and hearings.

Subject Matter Expertis
  • Acts as Compeer's representative for activities and business transactions in assigned industry or line of business.
  • Keeps knowledge up to date with industry trends and procedures.
  • Attends off site training events to keep current as necessary.
  • Provides mentorship to less experienced team members.

The skills and experience we prefer you have:
  • Bachelor's degree in business administration, agricultural business, finance, accounting, or related field; or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
  • Minimum of 10 years of experience in Credit Analysis in a financial institution, preferred.
  • Oral and written communication skills sufficient to discuss a variety of job-related topics, and effectively communicate complex topics to a variety of audiences.
  • Skill in analyzing information to formulate logical and objective conclusions.
  • Skill in utilizing Word/Excel/PowerPoint/Outlook to increase efficiency and/or effectiveness.
  • Skill in utilizing a systematic approach to problem solving.
  • Solid knowledge of loan analysis and sound credit administration principles.
  • Skill in negotiating acceptable and favorable terms and conditions related to loan collections.
  • Solid knowledge of Borrower Rights related to loan servicing.
  • Working knowledge of real estate marketing related to acquired property management.
  • Extensive Credit Underwriting experience.
  • Basic accounting knowledge.
  • Ability to establish and maintain a network of internal and external agricultural influencers and
    professionals.

#IND100
#LI-SG1
How we will take care of you:
Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.
Base Pay
$118,500-$202,500 USD
Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.
Click here to view federal employment laws applicable for applicants.

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