ZipRecruiter

Log In

1

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

YK Solutions LLC

P/C Senior Actuary

Bloomington, IL · Hybrid

$110K - $150K/yr

Strong analytical and quantitative skills * Experience with data analysis and statistical modeling ... Build and maintain economic capital models to support business strategy and risk management

Varsity Tutors

CFP Tutor

Normal, IL · Remote

$35 - $40/hr

... risk management and insurance, investment planning, tax planning, retirement savings and planning ... and quantitative calculation approaches for CFP examination. Guides students through analyzing ...

Varsity Tutors

Business Statistics Tutor

Normal, IL · Remote

$18 - $40/hr

... quantitative coursework. * Conceptual Teaching & Problem-Solving: Skilled at breaking down ... management, and financial risk analysis. * Curriculum Awareness & Adaptive Instruction: Familiar ...

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

Quantitative Risk Manager information

See Normal, IL salary details

$50.4K

$109.1K

$166.2K

How much do quantitative risk manager jobs pay per year?

As of Aug 15, 2026, the average yearly pay for quantitative risk manager in Normal, IL is $109,064.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,000.00 and $126,100.00 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 job categories do people searching Quantitative Risk Manager jobs in Normal, IL look for?

The top searched job categories for Quantitative Risk Manager jobs in Normal, IL are:

What cities near Normal, IL are hiring for Quantitative Risk Manager jobs?

Cities near Normal, IL with the most Quantitative Risk Manager job openings:

Quantitative Risk Manager jobs near you
Infographic showing various Quantitative Risk Manager job openings in Normal, IL 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 $109,064 per year, or $52.4 per hour.

P/C Senior Actuary

YK Solutions LLC

Bloomington, IL • Hybrid

$110K - $150K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 19 days ago

Job description

1. Position Title

P/C Senior Actuary

Location: Bloomington, IL | Work Type: Hybrid | Employment Type: Permanent

2. Compensation

Salary Range: $110,000 - $150,000 per year

Variable Compensation: 6% annual company bonus

3. Benefits
  • Medical, dental, and vision insurance coverage
  • Disability insurance
  • Life insurance
  • 401(k) retirement plan with company match
  • Professional development and continuing education opportunities
  • Career growth and advancement opportunities within the organization
4. Company Overview

(Confidential Client) is a leading insurance and financial services company serving nearly one million households nationwide. We provide a diverse range of personal and business insurance products, along with retirement and investment services. Our organization combines the resources and strength of a large company with the agility and personal touch of a smaller business, allowing employees to make meaningful impacts and grow throughout their careers. We are committed to building strong relationships with our clients and communities, working together to create a more secure and prosperous future.

5. Position Summary

The P/C Senior Actuary plays a critical role in (Confidential Client)'s insurance operations, providing expert actuarial analysis and support for property and casualty insurance products. This position is responsible for analyzing complex data sets, developing rate adjustment proposals, establishing reserve estimates, and creating economic capital models. The Senior Actuary serves as a key resource for regulatory filings and actively contributes to the implementation of new rates and rating plans. This role requires a deep commitment to professional development, with candidates expected to pursue and maintain Casualty Actuarial Society designations while supporting various actuarial projects and committee initiatives.

6. Must-Haves
  • Minimum 5+ years of Property/Casualty insurance experience
  • Completed coursework for ACAS (Associate of the Casualty Actuarial Society) credential or possess ACAS designation
  • Commitment to pursuing FCAS (Fellow of the Casualty Actuarial Society) credential
  • Active maintenance of appropriate Continuing Education credits to maintain actuarial credentials
  • Strong analytical and quantitative skills
  • Experience with data analysis and statistical modeling
7. Primary Functions
  • Research and analyze various types of data to produce accurate rate adjustment proposals and recommendations
  • Develop and calculate reserve estimates for property and casualty insurance products
  • Build and maintain economic capital models to support business strategy and risk management
  • Provide actuarial support and documentation for regulatory filings with state insurance departments
  • Implement new rates and rating plans, utilizing existing procedures and recommending process improvements where appropriate
  • Analyze data and develop solutions for actuarial and product line management challenges
  • Conduct research and analysis for special projects within defined scope
  • Serve as the Property/Casualty Actuarial representative on assigned project committees
  • Maintain professional actuarial credentials through ongoing education and examination preparation
8. Required Skills
  • Advanced analytical and quantitative reasoning abilities
  • Proficiency in statistical analysis and data modeling techniques
  • Strong knowledge of actuarial principles and methodologies specific to property and casualty insurance
  • Expertise in rate-making and pricing for insurance products
  • Proficiency with actuarial software and statistical analysis tools
  • Experience with regulatory compliance and state insurance department filing requirements
  • Excellent written and verbal communication skills for presenting complex actuarial findings
  • Project management and cross-functional collaboration capabilities
  • Attention to detail and commitment to accuracy in data analysis
  • Professional designation holder or actively pursuing Casualty Actuarial Society credentials
  • Preferred: Prior experience with Auto and Home pricing; other property casualty experience considered