ZipRecruiter

Log In

1

Quantitative Risk Manager Jobs in Buffalo, NY (NOW HIRING)

Octane

Manager, Risk Strategy

Irving, NY · On-site

$110K - $150K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Collaborate with the portfolio risk team to track credit performance and take action to manage the ... Requirements: * A Bachelor's degree in a quantitative field such as statistics, econometrics ...

next page

Showing results 1-20

All JobsQuantitative Risk JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Buffalo, NY

Quantitative Risk Manager information

See Buffalo, NY salary details

$49.9K

$108.1K

$164.7K

How much do quantitative risk manager jobs pay per year?

As of Aug 15, 2026, the average yearly pay for quantitative risk manager in Buffalo, NY is $108,060.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 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 Buffalo, NY?

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

What job categories do people searching Quantitative Risk Manager jobs in Buffalo, NY look for?

The top searched job categories for Quantitative Risk Manager jobs in Buffalo, NY are:

What cities near Buffalo, NY are hiring for Quantitative Risk Manager jobs?

Cities near Buffalo, NY with the most Quantitative Risk Manager job openings:

Quantitative Risk Manager jobs near you

Indirect Lending Quantitative Risk Analyst Lead

M&T Bank

Buffalo, NY • On-site

$103K - $171K/yr

Full-time

Posted 23 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks

Job description

Overview:

Perform advanced data and credit risk analysis to identify and quantify risks in M&T's $19B Indirect lending portfolios. Support unit (dept.) in data analysis, portfolio deep dives, and loss estimation activities. Provide oversight and credit risk expertise during effective challenge efforts.

Primary Responsibilities:
  • Lead Retail Quantitative Analysts in performing portfolio deep dives, asset quality monitoring, and interpreting data with a risk management focus with an understanding of business strategy.
  • Mentor and supervise the work of junior team members and assist in the development of their analytics acumen in areas such as segmentation analysis, logistic regression, decision trees and data visualization.
  • Demonstrated working knowledge of Credit Risk databases to provide data and analytical support to Senior Management.
  • Perform data manipulation and analysis using SQL, SAS and Microsoft Excel and present results and recommendations to Credit Risk Management.
  • Track portfolio performance and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.
Education and Experience Required:

Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 5 years relevant experience.
-OR-
Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 3 years relevant experience,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 3 years relevant experience
Minimum of 5 years relevant experience
Banking or Financial Services experience.
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.

Education and Experience Preferred:

Credit Analysis experience

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America

What M&T Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply