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Remote Risk Quant Jobs in Burbank, IL (NOW HIRING)

NinjaHoldings

Lead Risk Systems Developer

Chicago, IL · On-site +1

$115K - $160K/yr

... quantitative fields) * Experience with BI reporting tools * Experience with and understanding of software testing methodologies Benefits: * Competitive salary and benefits package * Flexible, remote ...

NinjaHoldings

Data Scientist

Chicago, IL · On-site +1

$90K - $130K/yr

With offices in Chicago, Miami, and around the world through the power of remote work, we are a ... Use advanced data analytics to understand consumer risk behavior trends, their impact on the ...

NinjaHoldings

Data Scientist

Chicago, IL · On-site +1

$90K - $130K/yr

With offices in Chicago, Miami, and around the world through the power of remote work, we are a ... Use advanced data analytics to understand consumer risk behavior trends, their impact on the ...

Wood Plc

GIS Analyst - FEMA

Chicago, IL · Remote

... flood risk analysis, mapping, and related services on Federal Emergency Management Agency (FEMA ... Perform GIS database development, qualitative/quantitative analysis, and mapping as a member of a ...

Circle

Senior Analyst, AML Know Your Customer

Chicago, IL · On-site +1

$97K - $127K/yr

Reviewing higher and high risk client relationships to ensure that customer due diligence is ... A./B.S. degree; quantitative or technical degree a plus Circle is on a mission to create an ...

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All JobsRisk Quant JobsRemote Risk Quant JobsRemote Risk Quant Jobs in Burbank, IL

Remote Risk Quant information

See Burbank, IL salary details

$100.1K

$173.3K

$265K

How much do remote risk quant jobs pay per year?

As of Jul 26, 2026, the average yearly pay for remote risk quant in Burbank, IL is $173,331.00, according to ZipRecruiter salary data. Most workers in this role earn between $137,400.00 and $203,200.00 per year, depending on experience, location, and employer.

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

To thrive as a Remote Risk Quant, you need strong quantitative analysis skills, a background in mathematics, statistics, or finance, and typically an advanced degree such as a master's or PhD. Proficiency in programming languages like Python, R, or MATLAB, and familiarity with risk management systems and financial modeling tools are crucial. Exceptional problem-solving, attention to detail, and effective remote communication skills set top candidates apart. These abilities are vital for accurately assessing financial risks, developing robust models, and collaborating efficiently within distributed teams.

What is the difference between Remote Risk Quant vs Remote Quantitative Analyst?

AspectRemote Risk QuantRemote Quantitative Analyst
Required CredentialsAdvanced degrees in finance, mathematics, or statistics; certifications like CFA or FRM often preferredSimilar credentials; degrees in math, finance, or engineering; certifications like CFA common
Work EnvironmentFinancial institutions, hedge funds, or risk management firms; primarily analytical and model development rolesFinancial firms, investment banks, or asset management; focus on data analysis and model building
Employer & Industry UsageUsed in risk management, compliance, and regulatory roles within financeUsed in trading, investment analysis, and quantitative research within finance

While both roles require strong quantitative skills and similar educational backgrounds, Remote Risk Quants focus more on assessing and managing financial risks, whereas Remote Quantitative Analysts often concentrate on developing models for trading or investment strategies. The roles overlap but differ mainly in their primary focus within the financial industry.

What are some common challenges faced by Remote Risk Quants and how can they be managed effectively?

Remote Risk Quants often encounter challenges such as limited access to real-time data streams, maintaining clear communication with on-site teams, and ensuring data security when working offsite. To manage these effectively, it's important to establish robust digital collaboration practices, utilize secure remote access tools, and maintain regular check-ins with stakeholders. Additionally, being proactive in seeking feedback and clarifications helps mitigate misunderstandings and keeps risk analysis aligned with organizational goals.

What are Remote Risk Quants?

Remote Risk Quants are quantitative analysts who work remotely to assess, measure, and manage financial risks for organizations. They use mathematical models, statistical techniques, and programming skills to analyze large datasets and forecast potential risks in investments, portfolios, or financial operations. By working remotely, they collaborate with teams using digital communication tools and often have flexible work arrangements. Their expertise is essential for financial institutions, hedge funds, and corporations to make data-driven risk management decisions.
What are the most commonly searched types of Risk Quant jobs in Burbank, IL? The most popular types of Risk Quant jobs in Burbank, IL are:
What cities near Burbank, IL are hiring for Remote Risk Quant jobs? Cities near Burbank, IL with the most Remote Risk Quant job openings:
Remote Risk Quant jobs near you
Sr. Risk Analyst, Credit

Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago

Chicago, IL • On-site, Remote

$110K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 19 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

      Responsibilities

      • Operate and maintain credit risk models for mortgage loan portfolios
      • Lead the development and implementation of alternative credit risk strategies
      • Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
      • Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
      • Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
      • Perform credit reviews for member institutions based on financial performance and credit worthiness
      • Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
      • Optimize business processes through the use of data management and programing tools
      • Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
      • Support business on MPF product design with business analytics

      Position Requirements

      • Master's degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
      • Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
      • Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
      • Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
      • Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL

      Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.

      Salary range $110,150 to $115,000

      Salary Range:

      $90,400.00 - $150,700.00

      The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

      Apply