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Quantitative Risk Jobs in Madison, WI (NOW HIRING)

CIB Market Risk Associate

Madison, WI · On-site

$90K - $155K/yr

Bachelor's or master's degree in a quantitative discipline 3+ years of experience in Market Risk, Trading, or Financial Market Technology. Work experience in financial services required. Strong ...

Prepare quantitative analysis new generation resources, identifying system cost, environmental, and ... Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply ...

... quantitative coursework. * Conceptual Teaching & Problem-Solving: Skilled at breaking down ... risk analysis. * Curriculum Awareness & Adaptive Instruction: Familiar with business statistics ...

... a quantitative foundation for the banks review sampling and portfolio-level assessments, including Risk Assessments * Ensure all the bank's data touch points are in full compliance with all federal ...

... a quantitative foundation for the banks review sampling and portfolio-level assessments, including Risk Assessments * Ensure all the bank's data touch points are in full compliance with all federal ...

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Quantitative Risk information

See Madison, WI salary details

$31.2K

$91.3K

$147.1K

How much do quantitative risk jobs pay per year?

As of Jun 19, 2026, the average yearly pay for quantitative risk in Madison, WI is $91,270.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,300.00 and $119,900.00 per year, depending on experience, location, and employer.

What is an example of a quantitative risk?

A quantitative risk in a risk analyst role involves measuring potential financial losses using numerical data, such as calculating the probability and impact of market fluctuations on investment portfolios. This often requires skills in statistical analysis, modeling, and tools like Excel or specialized risk management software.

How much do risk quants get paid?

Risk quants typically earn between $100,000 and $200,000 annually, with senior professionals and those in major financial centers earning higher salaries. Compensation often includes bonuses and depends on experience, education, and technical skills such as programming and statistical analysis.

What is the salary of a quant risk analyst?

The average salary of a quantitative risk analyst typically ranges from $80,000 to $150,000 annually, depending on experience, location, and the size of the employer. Senior roles or those with advanced skills in programming and risk modeling can earn higher compensation, often exceeding $200,000 with bonuses and incentives.

How do Quantitative Risk professionals typically collaborate with other departments within a financial institution?

Quantitative Risk professionals frequently work with various teams such as trading, portfolio management, compliance, and IT. This collaboration helps ensure that risk models accurately reflect real-world exposures and regulatory standards. Effective communication is key, as Quantitative Risk staff must translate complex data and models into actionable insights for non-technical stakeholders. Regular cross-departmental meetings and project-based collaborations are common, promoting a dynamic and integrated work environment.

What is the difference between Quantitative Risk vs Quantitative Analyst?

AspectQuantitative RiskQuantitative Analyst
Primary FocusAssessing and managing financial risks using quantitative methodsDeveloping models and strategies to analyze financial data and inform investment decisions
Required CredentialsOften requires risk management certifications (FRM, PRM), advanced degrees in finance, mathematics, or statisticsTypically requires degrees in finance, economics, mathematics, or related fields; certifications like CFA may be common
Work EnvironmentFinancial institutions, risk management departments, banksInvestment firms, hedge funds, banks, financial services companies

Quantitative Risk professionals focus on identifying and mitigating financial risks through specialized models, while Quantitative Analysts develop analytical models to support trading, investment, and financial decision-making. Both roles require strong quantitative skills and often similar educational backgrounds, but their core objectives differ: risk management versus financial analysis and strategy development.

What is a Quantitative Risk Analyst?

A Quantitative Risk Analyst is a finance professional who uses mathematical models and statistical techniques to assess and manage financial risks for organizations, particularly in banking, investment, and insurance sectors. They analyze data, develop risk models, and help companies make informed decisions to minimize potential losses. Their work involves programming, data analysis, and communicating complex risk scenarios to stakeholders. Quantitative Risk Analysts play a crucial role in ensuring that organizations remain financially stable and compliant with regulatory requirements.

What are the key skills and qualifications needed to thrive as a Quantitative Risk Analyst, and why are they important?

To thrive as a Quantitative Risk Analyst, you need strong analytical skills, expertise in statistics and mathematics, and a relevant degree such as finance, mathematics, or engineering. Familiarity with statistical software (such as R, Python, or SAS), risk modeling tools, and industry certifications like FRM or CFA is highly valued. Excellent problem-solving abilities, attention to detail, and effective communication skills help you interpret complex data and convey insights to stakeholders. These competencies are crucial for accurately assessing risk, supporting strategic decisions, and ensuring the financial stability of organizations.

What jobs make $1,000,000 a year?

In the field of quantitative risk, high-level roles such as Chief Risk Officer or senior quantitative risk managers at large financial institutions can earn over $1 million annually through base salary, bonuses, and incentives. These positions typically require advanced degrees, extensive experience, and strong skills in risk modeling, data analysis, and financial regulations. Compensation at this level is often tied to company performance and individual contributions.
What are popular job titles related to Quantitative Risk jobs in Madison, WI? For Quantitative Risk jobs in Madison, WI, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk jobs in Madison, WI look for? The top searched job categories for Quantitative Risk jobs in Madison, WI are:
CIB Market Risk Associate

CIB Market Risk Associate

Santander

Madison, WI • On-site

$90K - $155K/yr

Full-time

Posted 29 days ago


Job description

CIB Market Risk AssociateCountry: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible. This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:
The CIB Market Risk Associate is part of a team responsible for risk management, risk infrastructure and risk reporting for a broad range of growing businesses including agency and non-agency securitized products, rates, credit, equity and convertibles.

Responsibilities include:

Provide day-to-day support of the risk management infrastructure

Perform daily risk reporting and performance analysis

Perform ad hoc risk analysis and support senior risk managers

Lead project and change management efforts

Participate in regulatory projects

Utilize Python scripting (or similar languages) or AI to automate routine tasks and improve the efficiency of the risk monitoring process

What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bachelor's or master's degree in a quantitative discipline

3+ years of experience in Market Risk, Trading, or Financial Market Technology. Work experience in financial services required.

Strong knowledge of Microsoft Office and solid Python experience

Solid knowledge of financial products and market risk metrics

Strong reporting, project management and organizational skills

Solid quantitative skills (e.g., statistics)

Certifications:

  • No Certifications listed for this job.

It Would Be Nice For You To Have:

  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

  • Knowledge of Bloomberg (API), Intex and Polypaths preferred

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

$90,000.00 USD

Maximum:

$155,000.00 USD

We Value Your Impact:

Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:

Frequent minimal physical effort such as sitting, standingand walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.