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Quantitative Risk Manager Jobs in New Jersey (NOW HIRING)

DTCC

Senior Quantitative Software Engineer

Jersey City, NJ · On-site

$134K - $176K/yr

Support quantitative risk model implementations to support the Financial Risk Management department * Design, build, and maintain data pipelines leveraging Python, Snowflake, and relational databases

Td

Risk Manager I (US)

Mount Laurel, NJ · On-site

$120K - $139K/yr

Creates reports on the results of implemented strategies, using all appropriate quantitative methods and MIS, and makes recommendations to increase efficiencies and revenue while managing credit risk ...

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Quantitative Risk Manager information

See New Jersey salary details

$52.3K

$113.3K

$172.6K

How much do quantitative risk manager jobs pay per year?

As of Sep 10, 2026, the average yearly pay for quantitative risk manager in New Jersey is $113,256.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,400.00 and $131,000.00 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 New Jersey?

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

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

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

What cities in New Jersey are hiring for Quantitative Risk Manager jobs?

Cities in New Jersey with the most Quantitative Risk Manager job openings:

Quantitative Risk Manager jobs near you
Infographic showing various Quantitative Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $113,256 per year, or $54.5 per hour.

Quantitative Risk Engineer

Jersey City, NJ • On-site

Tata Consultancy Service Limited
IT Services • 10K+ employees
Learn more about Tata Consultancy Service Limitedexternal

$100K - $125K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

New

Tata Consultancy Services rating

6.5

Company rating: 6.5 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

Job description

Must Have Technical/Functional Skills
• 10+ years of experience in Quantitative Development, Risk Analytics, Front Office Risk Technology, or Capital Markets Risk Platforms.
• Strong knowledge of Fixed Income products, including:
o Repo / Reverse Repo
o Government Bonds
o Corporate Bonds
o Interest Rate Derivatives
o Total Return Swaps (TRS)
• Strong understanding of:
o Risk calculations and exposure measurement
o Bond pricing and yield curve analytics
o Interest rate sensitivity (DV01/PV01)
o Funding and financing risk
o Scenario analysis and stress testing
• Advanced Python development skills with expertise in:
o Python
o Pandas
o NumPy
o Data analysis and numerical modeling
• Strong analytical, troubleshooting, and root cause analysis skills.
• Experience investigating risk, valuation, and exposure discrepancies.
• Ability to reconcile outputs across risk systems, trading platforms, and finance calculations.
• Strong understanding of market data, curves, trade lifecycle events, and their impact on risk calculations.
• Experience working directly with traders, desk quants, risk managers, and finance users.
• Excellent communication and stakeholder management skills. Good to Have Skills • Experience with Quartz or similar front-office risk and analytics platforms.
• Experience in Capital Markets, Fixed Income Trading, or Financing businesses.
• Knowledge of risk attribution, explainability, and quantitative analytics frameworks.
• Exposure to enterprise risk platforms and front-office technology environments.
Roles & Responsibilities
• Enhance and support a Fixed Income and Financing Risk Platform focused on Repo business and risk analytics.
• Investigate unexplained risk, valuation, and exposure movements across trading and risk systems.
• Perform reconciliation between risk systems, trading platforms, and finance calculations.
• Conduct root cause analysis of incorrect or unexpected risk and valuation results.
• Analyze the impact of market data changes, yield curve movements, trade amendments, and booking issues on risk calculations.
• Work closely with traders, desk quants, risk managers, and finance teams to explain and resolve risk-related issues.
• Develop and enhance risk analytics, attribution, and explainability capabilities.
• Validate and challenge risk and valuation calculations to ensure analytical accuracy.
• Debug complex calculation issues across multiple systems and data sources.
• Design and implement analytical solutions using quantitative and risk domain expertise.
• Support production issues, troubleshooting, testing, and continuous platform improvements.
TCS Employee Benefits Summary:
Discretionary Annual Incentive.
Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
Family Support: Maternal & Parental Leaves.
Insurance Options: Auto & Home Insurance, Identity Theft Protection.
Convenience & Professio nal Growth: Commuter Benefits & Certification & Training Reimbursement.
Time Off: Vacation, Time Off, Sick Leave & Holidays.
Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.
Salary Range: $100,000 - $125,000 a year

What Tata Consultancy Services employees say

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About Tata Consultancy Services

Sourced by ZipRecruiter

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. TCS delivers a level of certainty that no other firm can match--to our clients and to our employees. Come join us and experience certainty in your career. TCS a global Consulting and IT Services firm that is ranked in the top quartile by industry analysts. Our 2021 fiscal revenues topped $25 B and our market capitalization is over $170+B, yet we have a deep and large history of philanthropy and corporate social responsibility. Now approaching 600K of the best IT professionals and consultants, we are a trusted advisor, guiding our clients' enterprises through growth and transformation journeys - helping them to become agile, intelligent, automated and on the cloud. We are devoted to DEI and are recognized as a top employer and place to work.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Edison, NJ, US

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