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

Bank of America

Quantitative Finance Analyst

Chicago, IL · On-site

This job is responsible for conducting quantitative analytics and modeling projects for specific ... Supports model development and model risk management in respective focus areas to support business ...

BofA Securities

Quantitative Finance Analyst

Chicago, IL · On-site

This job is responsible for conducting quantitative analytics and modeling projects for specific ... Supports model development and model risk management in respective focus areas to support business ...

Bank of America

Sr. Quantitative Engineer

Chicago, IL · On-site

Key responsibilities include enabling Global Risk Management's data and analytical capabilities. Job expectations include working with senior modelers, risk managers, and technologists to understand ...

ComEd

Quantitative Analyst

Oakbrook Terrace, IL · On-site

Primary Purpose The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall ...

Pepco

Quantitative Analyst

Oakbrook Terrace, IL · On-site

Primary Purpose The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall ...

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

We're looking for a Quantitative Developer - Derivatives to join our Chicago office. At IMC, the ... in value and risk management to investors. Using our own technology and capital, we build ...

Hobbsnews

Sr. Quantitative Engineer

Chicago, IL · On-site

Key responsibilities include enabling Global Risk Management's data and analytical capabilities. Job expectations include working with senior modelers, risk managers, and technologists to understand ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Build desk tooling for pricing, risk management, and opportunity identification. * Manage a ... Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will ... in value and risk management to investors. Using our own technology and capital, we build ...

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Showing results 41-60

All JobsQuantitative Risk 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 Sep 11, 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.

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 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
Infographic showing various Quantitative Risk Manager job openings in Geneva, IL as of September 2026, with employment types broken down into 96% Full Time, and 4% Contract. Highlights an 84% In-person, 6% Hybrid, and 10% Remote job distribution, with an average salary of $108,876 per year, or $52.3 per hour.

Quantitative Trader - Options Market-Making

Chicago, IL • On-site

Quant Blueprint LLC
See more jobs at Quant Blueprint LLCexternal

$165K - $325K/yr

Other

Medical, Dental, Life, Retirement, PTO

Posted 23 days ago

Job description

Two Sigma is a financial sciences company, combining data analysis, invention, and rigorous inquiry to help solve the toughest challenges in investment management, insurance technology, securities, private equity, and venture capital.

Our team of scientists, technologists, and academics looks beyond the traditional to develop creative solutions to some of the world's most complex economic problems.

Two Sigma Securities brings a scientific approach to systematic trading and risk management to make markets more efficient. Our team trades over 10,000 US equities and 4,000 listed options, leveraging our high performance trading system to execute over 850 million shares per day. Two Sigma Securities is entering an exciting growth phase. We value the insights of our colleagues and encourage them to innovate and shape their own work agenda.

New joiners use our proprietary platform to work on diverse projects. From building next generation trading technologies and researching novel AI and machine learning techniques to enhancing our strategies and deploying automation, our team is pushing the frontier in systematic trading.

We are seeking an experienced quantitative trader, to be based in either Chicago or New York, to join our newly formed CME options market making team.

You will take on the following responsibilities:
  • Trade, build, operate and optimize the options trading desk and manage portfolio return and risk of the options market making strategy - Collaborate with quantitative researchers to develop systematic strategies for trading, pricing and risk management
  • Build analytical tools to create insights into our trading and market opportunities to generate new ideas and deliver improvement across strategies
  • Work with our Risk team to guide portfolio through market stress events
  • Analyze low-latency market microstructure data to gain insight into how our tactics interact with the market and how to improve them further
  • Drive technology adoption across our networking, market data and FPGA teams, helping to direct and prioritize development work
You should possess the following qualifications:
  • 2-4 years of experience trading US options, preferably CME options
  • A degree in an analytical or quantitative discipline such as Statistics, Mathematics, Physics, Electrical Engineering, or Computer Science
  • Excellent analytical and quantitative skills
  • Ability to program or script in Python or another language
  • Thrive in a highly dynamic and fast-paced environment
  • Display an ability to manage uncertainty and have strong decision-making skills even with sometimes incomplete information
You will enjoy the following benefits:
  • Core Benefits: Fully paid medical and dental insurance premiums for employees and dependents, competitive 401k match, employer-paid life & disability insurance
  • Perks: Onsite gyms with laundry service, wellness activities, casual dress, snacks, game rooms
  • Learning: Tuition reimbursement, conference and training sponsorship
  • Time Off: Generous vacation and unlimited sick days, competitive paid caregiver leaves
  • Hybrid Work Policy: Flexible in-office days with budget for home office setup

The base pay for this role will be between $165,000 and $325,000. This role may also be eligible for other forms of compensation and benefits, such as a discretionary bonus, health, dental and other wellness plans and 401(k) contributions. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their skills, qualifications and experience.

We are proud to be an equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

Two Sigma is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state, and local laws.

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