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Quantitative Risk Manager Jobs in Geneva, IL (NOW HIRING)

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business ... Understand and manage risk across live strategies, including exposure, volatility, liquidity, and ...

William Blair

Risk Analyst

Chicago, IL · Hybrid

Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...

Corgi

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

The management of the Corgi insurance portfolio and development of underwriting strategy. * Analyze ... Exposure to predictive modeling, risk modeling, or actuarial concepts. * Experience building ...

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

The management of the Corgi insurance portfolio and development of underwriting strategy. * Analyze ... Exposure to predictive modeling, risk modeling, or actuarial concepts. * Experience building ...

3Red Partners

Quantitative Developer

Chicago, IL

$150K - $250K/yr

Our team has extensive, global experience in a wide variety of asset classes, risk management, and ... The Quantitative Developer will have the opportunity to work in one of our offices on strategy ...

Capital One

Senior Auditor - Risk Management

Chicago, IL

$83K - $102K/yr

... Quantitative Finance, or Master of Business Administration * Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Risk Manager (CRM), ...

3Red Partners

Quantitative Developer

Chicago, IL · On-site

$150K - $250K/yr

Our team has extensive, global experience in a wide variety of asset classes, risk management, and ... The Quantitative Developer will have the opportunity to work in one of our offices on strategy ...

Allstate

Intermediate Quantitative Analyst

Chicago, IL · On-site

$124K - $165K/yr

This role is responsible for performing quantitative analysis and research within the Risk and ... Lead independent quantitative model development, managing project timelines and deliverables end-to ...

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

... management, and reinsurance strategy. What you'd be doing: * Evaluate third-party catastrophe ... Familiarity with stochastic simulation, probabilistic risk modeling, and quantitative methods.

William Blair

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...

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All JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Geneva, IL

Quantitative Risk Manager information

See Geneva, IL salary details

$50.3K

$108.9K

$165.9K

How much do quantitative risk manager jobs pay per year?

As of Jun 28, 2026, the average yearly pay for quantitative risk manager in Geneva, IL is $108,876.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,800.00 and $125,900.00 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 Geneva, IL? For Quantitative Risk Manager jobs in Geneva, IL, the most frequently searched job titles are:
What cities near Geneva, IL are hiring for Quantitative Risk Manager jobs? Cities near Geneva, IL with the most Quantitative Risk Manager job openings:
Quantitative Risk Manager jobs near you
Quantitative Trader - Futures

Quantitative Trader - Futures

DRW

Chicago, IL • On-site

$150K - $250K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 11 days ago

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business. This individual will operate as an embedded quantitative research and trading lead within an established discretionary and systematic options platform, with a mandate to design, deploy, and scale futures-driven systematic strategies that complement and enhance the broader FICCO options franchise.
This role focuses on delta-one strategy development, systematic futures execution, portfolio hedging, and quantitative signal generation across global futures markets. The individual will partner closely with options traders to integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform.
This position is suited for someone with demonstrated PnL ownership, deep quantitative expertise, and experience building scalable, systematic trading frameworks within derivatives markets.
Key Responsibilities
  • Design, develop, and deploy systematic delta-one futures trading strategies across global markets (rates, FX, commodities, equities)
  • Build and refine delta-driven signal generation frameworks to support both standalone futures strategies and options portfolios
  • Implement robust futures-based hedging methodologies to optimize portfolio risk across the FICCO options business
  • Develop and execute directional options overlays grounded in quantitative futures signals
  • Understand and manage risk across live strategies, including exposure, volatility, liquidity, and cross-asset correlations
  • Partner closely with developers and trading infrastructure teams to productionize models and optimize execution
  • Conduct rigorous research, backtesting, and performance attribution analysis
  • Continuously iterate on models to improve signal quality, scalability, and capital efficiency
  • Contribute to portfolio construction and capital allocation decisions within the FICCO platform
Qualifications
  • 7+ years of experience in systematic trading, preferably in futures and listed derivatives
  • Proven track record of direct PnL ownership in a quant-driven trading environment
  • Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
  • Deep experience in signal research, statistical modeling, and alpha generation
  • Fluency in Python and experience working with large-scale datasets
  • Strong knowledge of market microstructure and execution optimization
  • Ability to independently drive research while collaborating effectively within a trading team
Preferred Background
  • Experience trading across global futures markets (equities, rates, commodities, FX)
  • Experience integrating options strategies within systematic futures frameworks
  • Familiarity with portfolio construction, capital allocation, and risk budgeting models
  • Experience working within or alongside an options trading desk
  • Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field

The annual base salary range for this position is $150,000 to $250,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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