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Risk Modeling Jobs (NOW HIRING)

Tmhcc

Lead Actuarial Risk Modeler, Cyber

Duluth, GA · On-site

This position will be located in Metro Atlanta area (Duluth, GA) joining a bright team of experts in risk modeling, analytics, research, and development. Performance Objectives: * Cyber and Cat ...

Tmhcc

Lead Actuarial Risk Modeler, Cyber

Duluth, GA

This position will be located in Metro Atlanta area (Duluth, GA) joining a bright team of experts in risk modeling, analytics, research, and development. Performance Objectives: * Cyber and Cat ...

DCS Corp

Risk Manager

Joint Base Lewis Mcchord, WA · On-site

Devise systems and processes to monitor validity of risk modeling outputs. Evaluate the risks and benefits involved in implementing strategies. Document, and ensure communication of, key risks.

DCS Corporation

Risk Manager

Tacoma, WA · On-site

Devise systems and processes to monitor validity of risk modeling outputs. Evaluate the risks and benefits involved in implementing strategies. Document, and ensure communication of, key risks.

DCS CORPORATION

Risk Manager

WA · On-site

Devise systems and processes to monitor validity of risk modeling outputs. Evaluate the risks and benefits involved in implementing strategies. Document, and ensure communication of, key risks.

CMCOM LLC

Be Seen First

Senior Construction Management Project Risk Management Professional

Manhattan, NY · On-site

$70 - $120/hr

Perform quantitative risk modeling, including Monte Carlo simulation, cost-risk analysis, schedule-risk analysis, contingency modeling, and interpretation of risk results. * Support cost risk ...

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How much do risk modeling jobs pay per hour?

As of Jun 7, 2026, the average hourly pay for risk modeling in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 per hour, depending on experience, location, and employer.

What is the difference between Risk Modeling vs Risk Analyst?

AspectRisk Modeling
AspectRisk Modeling

Risk Modeling involves developing quantitative models to predict and assess potential risks using statistical and mathematical techniques. Risk Analysts interpret these models, analyze data, and provide insights to support decision-making. While Risk Modeling focuses on creating models, Risk Analysts apply these models to real-world scenarios. Both roles often require similar credentials like certifications in risk management and work in similar environments such as finance, insurance, or banking. Understanding the distinction helps organizations allocate resources effectively and professionals target their skill development.

What is risk modeling?

Risk modeling is the process of using statistical and mathematical techniques to predict potential risks and their impact on an organization or financial system. Professionals in this field develop models to assess the likelihood and severity of various risks, such as credit, market, operational, or environmental risks. These models help organizations make informed decisions, comply with regulations, and minimize potential losses by preparing for uncertain events.

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

To thrive as a Risk Modeler, you need strong quantitative analysis skills, a background in statistics or mathematics, and typically a relevant degree such as finance, economics, or engineering. Familiarity with statistical software (like SAS, R, or Python), risk management frameworks, and regulatory requirements is essential, and certifications such as FRM or CFA are often valued. Attention to detail, problem-solving abilities, and effective communication help translate complex data into actionable insights for various stakeholders. These skills ensure accurate risk assessment, regulatory compliance, and informed decision-making in high-stakes environments.

What are some common challenges faced by professionals in risk modeling roles, and how are they typically addressed?

Risk modeling professionals often encounter challenges such as managing incomplete or inconsistent data, keeping up with rapidly evolving regulatory requirements, and ensuring their models remain accurate as market conditions change. To address these, teams frequently collaborate with data engineers, compliance specialists, and business stakeholders to validate data sources, implement robust model governance processes, and regularly update models. Continuous learning and cross-functional communication are key to staying effective in this dynamic environment.
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Risk Modeling jobs near you
Infographic showing various Risk Modeling job openings in the United States as of May 2026, with employment types broken down into 3% As Needed, 82% Full Time, 10% Part Time, and 5% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.

Quantitative Risk Modeling Analyst II

Frost Bank

San Antonio, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

Job description

Job Description

It's about giving people a sense of security.

Do you enjoy researching and extracting insights from data? Would others describe you as being reliable and resourceful? Do you have a background in statistics, mathematics, or finance? If so, being a Quantitative Risk Modeling Analyst II with Frost could be for you.

At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost, we're committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you'll become part of Frost's over 150-year legacy of providing unparalleled financial services.

Who you are:

As a Quantitative Risk Modeling Analyst II, you are our risk inspector. You'll be responsible for applying data analytics to assist in drawing actionable insights into financial, transactional, demographic, and behavioral data. You will use your logical mind-set and organized approach to ensure work is appropriately documented and in compliance with State and Federal Laws and Regulations. You enjoy collaboration and look forward to collaborating with our compliance partners to identify ways to use data analytics.

What you'll do:

  • Apply data analytics to assist in drawing actionable insights into complex business problems using financial, transactional, demographic and behavioral data

  • Pull, clean, and aggregate data from sources across the Bank

  • Ensure work is appropriately documented and in compliance with State and Federal Laws and Regulations

  • Participate in collaboration efforts with Risk Management Teams to identify ways to use data analytics

  • Maintain direct, ongoing communication with Risk Management Teams clients

  • Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What you'll need:

  • Advanced (Ph.D. or Master's) degree in quantitative analytics field such as mathematics, statistics, economics, or actuarial science

  • 3+ years of experience developing statistical or machine learning models

  • Mastery of statistics and numerical techniques

  • Experience gathering and documenting requirements

  • Experience writing model documentation

  • Experience presenting analytical results

  • Proficient in SQL

  • Proficient in SAS, R or Python

  • Proficiency in Microsoft computer applications (Excel, Word, Power Point)

  • Excellent written and verbal communication skills

Additional Preferred Skills:

  • Experience with developing models in the financial services industry

Our Benefits:

At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes:

  • Medical, dental, vision, long-term disability, and life insurance

  • 401(k) matching

  • Generous holiday and paid time off schedule

  • Tuition reimbursement

  • Extensive health and wellness programs, including our Employee Assistance Program

  • Referral bonus program + more!

Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas. Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction. At Frost, it's about being part of something bigger. If this sounds like you, we encourage you to apply and see what's possible at Frost.

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