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Quantitative Risk Manager Jobs in New Jersey (NOW HIRING)

Jay Analytix

Quantitative Developer

Jersey City, NJ · On-site

$100 - $150/hr

You will work at the intersection of finance and technology, translating sophisticated quantitative models into robust, production-quality code that directly supports trading and risk management ...

DTCC

Market Risk Executive Director

Jersey City, NJ · On-site

FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support ...

Valley Bank

FCC Risk Assessment Lead

Morristown, NJ · On-site

... quantitative inherent AML and OFAC risk assessments, driving data-informed insights into risk ... Advise on tools and solutions to facilitate risk management and compliance and develop and maintain ...

DTCC

Market Risk Associate

Jersey City, NJ · On-site

Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices. * Educate ...

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All JobsQuantitative Risk JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in New Jersey

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 Aug 8, 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.

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 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.

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 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $113,256 per year, or $54.5 per hour.

Quantitative Developer

Jay Analytix

Jersey City, NJ • On-site

$100 - $150/hr

Other

Re-posted 21 days ago

Job description

Quantitative Developer

Location: New Jersey, Jersey City, USA — Hybrid Employment Type: Contract

About the Role

We are seeking a Quantitative Developer with strong expertise in quantitative finance and advanced proficiency in Python. This role focuses on building and implementing financial models, analytics, and pricing systems used by trading and risk teams. You will work at the intersection of finance and technology, translating sophisticated quantitative models into robust, production-quality code that directly supports trading and risk management decisions.

The ideal candidate brings deep capital markets domain knowledge, strong engineering discipline, and the ability to collaborate closely with quants and traders in a fast-paced, hybrid environment.

Key Responsibilities
  • Develop and implement pricing and risk models for derivative products.
  • Translate quantitative models (e.g., Black-Scholes) into production-quality Python code.
  • Build libraries and tools for portfolio analytics, valuation, and risk measurement.
  • Work closely with quants and traders to refine models and strategies.
  • Perform backtesting and simulation of trading strategies.
  • Validate financial models and ensure the accuracy of calculations.
  • Contribute to the ongoing improvement of analytics infrastructure and code quality.
Required Skills

Quantitative & Finance (Core Focus)

  • Minimum 7 years of experience in a quantitative development or related role.
  • Capital markets domain experience is mandatory.
  • Strong understanding of derivatives, fixed income, and capital markets.
  • Solid grounding in probability, stochastic processes, and statistics.
  • Hands‑on experience with pricing models, risk metrics, and financial data.

Technical

  • Advanced Python, including NumPy, Pandas, and SciPy.
  • Strong experience with data analysis and numerical computing.
  • Familiarity with SQL and data handling.
Nice to Have
  • Exposure to C++ for performance optimization.
  • Experience working with quantitative research or trading desks.
  • Familiarity with model validation practices and regulatory expectations.
What We Offer
  • A hybrid work arrangement across major financial hubs in Canada and the USA.
  • The opportunity to work on high-impact pricing and risk systems used by trading and risk teams.
  • A collaborative environment that bridges quantitative finance and software engineering.
How to Apply

Qualified candidates are encouraged to submit a resume outlining relevant experience, including capital markets domain expertise and quantitative development work. We thank all applicants for their interest; only those selected for an interview will be contacted.

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