The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release ...
Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions * Serve as an independent ...
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Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions * Serve as an independent ...
Project Risk Manager (Mega Projects)
$150K - $180K/yr
Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions * Serve as an independent ...
Project Risk Manager (Mega Projects)
$150K - $180K/yr
Integrate qualitative and quantitative risk analysis with cost and schedule forecasting to support contingency setting, forecasting, and project management decisions * Serve as an independent ...
This role will work closely with risk managers in Financial Risk Management and partners in other ... in a quantitative field such as computer science, mathematics, physics, finance/financial ...
This role will work closely with risk managers in Financial Risk Management and partners in other ... in a quantitative field such as computer science, mathematics, physics, finance/financial ...
This role will work closely with risk managers in Financial Risk Management and partners in other ... in a quantitative field such as computer science, mathematics, physics, finance/financial ...
This role will work closely with risk managers in Financial Risk Management and partners in other ... in a quantitative field such as computer science, mathematics, physics, finance/financial ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations * Communicate model analysis to professionals across OCC and collaborate with cross-functional ...
Specialist, Investment Risk
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Specialist, Investment Risk
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and ...
Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and ...
Specialist, Investment Risk
Chicago, IL · Hybrid
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Specialist, Investment Risk
Chicago, IL · Hybrid
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Specialist, Investment Risk
Chicago, IL · On-site
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Specialist, Investment Risk
Chicago, IL · On-site
$137K - $233K/yr
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk * Document policies, procedures ...
Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and ...
Ensure ongoing oversight and deliverance of an effective risk management monitoring program through review, metrics, analysis and preparation of qualitative/quantitative risk assessments and ...
Manager, Structural Market Risk
Chicago, IL · On-site
$88K - $165K/yr
Finance & Accounting The Manager, Structural Market Risk (SMR) supports the research, development ... Conduct quantitative analyses to support FTP rate components, including option costs, prepayment ...
Manager, Structural Market Risk
Chicago, IL · On-site
$88K - $165K/yr
Finance & Accounting The Manager, Structural Market Risk (SMR) supports the research, development ... Conduct quantitative analyses to support FTP rate components, including option costs, prepayment ...
Manager, Structural Market Risk
Chicago, IL · On-site
$88K - $165K/yr
Finance & Accounting The Manager, Structural Market Risk (SMR) supports the research, development ... Conduct quantitative analyses to support FTP rate components, including option costs, prepayment ...
Manager, Structural Market Risk
Chicago, IL · On-site
$88K - $165K/yr
Finance & Accounting The Manager, Structural Market Risk (SMR) supports the research, development ... Conduct quantitative analyses to support FTP rate components, including option costs, prepayment ...
Senior Manager, Enterprise Risk
Chicago, IL · On-site
$143K - $191K/yr
Perform qualitative and quantitative risk assessments as challenge to the regular risk measurement and assessment responsibility of the first line functions. * Develop or manage the development of ...
Senior Manager, Enterprise Risk
Chicago, IL · On-site
$143K - $191K/yr
Perform qualitative and quantitative risk assessments as challenge to the regular risk measurement and assessment responsibility of the first line functions. * Develop or manage the development of ...
Senior Manager, Enterprise Risk
$143K - $191K/yr
Perform qualitative and quantitative risk assessments as challenge to the regular risk measurement and assessment responsibility of the first line functions. * Develop or manage the development of ...
Senior Manager, Enterprise Risk
$143K - $191K/yr
Perform qualitative and quantitative risk assessments as challenge to the regular risk measurement and assessment responsibility of the first line functions. * Develop or manage the development of ...
Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. * Initiate a proactive approach to the review, development and improvement of risk management services ...
Conduct quantitative risk assessment (cost and schedule) to inform project contingency levels. * Initiate a proactive approach to the review, development and improvement of risk management services ...
Quantitative Risk Manager information
See Chicago, IL salary details
$53.1K - $64.1K
4% of jobs
$64.1K - $75.2K
6% of jobs
$75.2K - $86.3K
11% of jobs
$90.5K is the 25th percentile. Wages below this are outliers.
$86.3K - $97.4K
11% of jobs
The median wage is $106.3K / yr.
$97.4K - $108.5K
23% of jobs
$108.5K - $119.6K
13% of jobs
$127K is the 75th percentile. Wages above this are outliers.
$119.6K - $130.7K
12% of jobs
$130.7K - $141.8K
8% of jobs
$141.8K - $152.9K
6% of jobs
$152.9K - $164K
4% of jobs
$164K - $175.1K
2% of jobs
$53.1K
$114.9K
$175.1K
How much do quantitative risk manager jobs pay per year?
As of Jun 9, 2026, the average yearly pay for quantitative risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 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?
| Aspect | Quantitative Risk Manager | Quantitative Analyst |
|---|---|---|
| Primary Focus | Assessing and managing risk exposure across financial portfolios | Developing models and algorithms for investment strategies |
| Required Credentials | Advanced degrees in finance, mathematics, or related fields; certifications like FRM or CFA | Degrees in finance, mathematics, or statistics; often pursuing CFA or similar |
| Work Environment | Financial institutions, risk management departments | Investment firms, hedge funds, banks |
| Key Skills | Risk assessment, regulatory knowledge, quantitative modeling | Data 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 the most commonly searched types of Quantitative Risk jobs in Chicago, IL? The most popular types of Quantitative Risk jobs in Chicago, IL are:
What are popular job titles related to Quantitative Risk Manager jobs in Chicago, IL? For Quantitative Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Manager jobs in Chicago, IL look for? The top searched job categories for Quantitative Risk Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Risk Manager jobs? Cities near Chicago, IL with the most Quantitative Risk Manager job openings:
Job description
The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release testing, historical data validation, margin and stress testing model validation, and portfolio back-testing. The candidate must have the ability to efficiently, effectively conduct research, analyze problems, formulate and implement solutions, and produce high quality results on time.
Candidates should also be willing to relocate to Chicago at their own costs.
Qualifications:
- Masters in Computer Science, Financial Engineering, Financial Mathematics, Mathematics, Physics, or a related discipline.
- Superb quantitative and analytical background.
- Excellent programming, communication, and documentation skills.
- Knowledge of financial markets.
- Work experience or education in advanced quantitative risk modeling and knowledge of statistical models in risk management preferred.
- Work experience or education in advanced derivatives modeling and knowledge of volatility models preferred.
- Work experience or education in curve construction and data validation preferred.
About Informatic Technologies
Sourced by ZipRecruiter
Company size
201 - 500 Employees
Headquarters location
North Brunswick, NJ, US
Year founded
1996