ZipRecruiter

Log In

1

Senior Quantitative Risk Analyst Jobs in Illinois

William Blair

Risk Analyst

Chicago, IL · Hybrid

Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

... to senior leadership, and the ability to influence both day-to-day trading decisions and the ... Strong analytical and quantitative problem-solving skills * Proficiency in Python for data analysis ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

... analytical frameworks for loan origination and loss forecasting ... Review relevant data to identify the quantitative and qualitative factors driving the credit risk ...

William Blair

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure. * Collaborate with business partners to ...

Bank of America

Sr. Quantitative Finance Manager

Chicago, IL · On-site

$112K - $153K/yr

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). GRA is ... As a Sr Quantitative Finance Manager, your responsibilities will involve: * Develop quantitative ...

Bank of America

Sr. Quantitative Finance Manager

Chicago, IL · On-site

$112K - $153K/yr

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). GRA is ... As a Sr Quantitative Finance Manager, your responsibilities will involve: * Develop quantitative ...

Bank of America

Quantitative Finance Analyst

Chicago, IL · On-site

... risk * Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes * Performs statistical analysis on large datasets and interprets ...

Scalp Trade LLC

Senior Quantitative Developer

Chicago, IL · On-site

$180K - $225K/yr

Strong analytical and problem-solving skills with the ability to understand complex software systems and quantitative models * Ability to work independently in a fast-moving development environment

previous pagenext page

Showing results 21-40

All JobsQuantitative Risk Analyst JobsSenior Quantitative Risk Analyst JobsSenior Quantitative Risk Analyst Jobs in Illinois

Senior Quantitative Risk Analyst information

See Illinois salary details

$51.8K

$106.4K

$138.1K

How much do senior quantitative risk analyst jobs pay per year?

As of Aug 6, 2026, the average yearly pay for senior quantitative risk analyst in Illinois is $106,444.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,700.00 and $132,800.00 per year, depending on experience, location, and employer.

What is the difference between Senior Quantitative Risk Analyst vs Quantitative Risk Analyst?

AspectSenior Quantitative Risk AnalystQuantitative Risk Analyst
Required CredentialsBachelor's or Master's in Finance, Mathematics, or related field; often with certifications like FRM or CFABachelor's or Master's in relevant fields; certifications like FRM or CFA are common but less mandatory
Work EnvironmentTypically in financial institutions, risk management teams, or investment firmsSimilar environments, often in banks, asset managers, or insurance companies
Job ResponsibilitiesLeading risk modeling, analyzing complex data, mentoring junior staffSupporting risk assessments, data analysis, and model development

The main difference lies in experience and responsibility. Senior Quantitative Risk Analysts often lead projects, mentor teams, and handle complex modeling, while Quantitative Risk Analysts focus on supporting risk analysis and data work. Both roles require similar credentials and work in comparable environments, but the senior role involves more leadership and strategic input.

What are some typical challenges faced by senior quantitative risk analysts when developing risk models, and how are they addressed within teams?

Senior Quantitative Risk Analysts often encounter challenges such as managing large, complex datasets, ensuring model accuracy, and staying compliant with evolving regulatory standards. To address these, teams typically collaborate closely, leveraging peer reviews, regular validation processes, and ongoing communication with IT and compliance departments. Additionally, senior analysts mentor junior team members and encourage a culture of continuous learning to keep up with the latest quantitative methods and regulatory requirements.

What are the key skills and qualifications needed to thrive as a senior quantitative risk analyst?

To thrive as a Senior Quantitative Risk Analyst, you need advanced quantitative analysis skills, a strong background in statistics, mathematics, or finance, and typically a relevant graduate degree. Proficiency in programming languages such as Python, R, or SAS, as well as experience with risk modeling software and financial databases, is crucial. Outstanding problem-solving abilities, attention to detail, and effective communication skills distinguish top performers in this role. These competencies are essential for accurately assessing financial risks, developing robust models, and clearly conveying complex findings to stakeholders.

What is a senior quantitative risk analyst?

Senior Quantitative Risk Analysts are experienced professionals who use mathematical models and statistical techniques to identify, measure, and manage financial risks within an organization. They typically work in banks, investment firms, or other financial institutions, and play a key role in developing risk assessment tools, interpreting data, and advising on strategies to mitigate potential losses. In addition to their technical expertise, they often lead teams, guide junior analysts, and collaborate with other departments to ensure comprehensive risk management. Their work helps organizations make informed decisions and comply with regulatory requirements.
What are the most commonly searched types of Quantitative Risk Analyst jobs in Illinois? The most popular types of Quantitative Risk Analyst jobs in Illinois are:
What are popular job titles related to Senior Quantitative Risk Analyst jobs in Illinois? For Senior Quantitative Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Senior Quantitative Risk Analyst jobs in Illinois look for? The top searched job categories for Senior Quantitative Risk Analyst jobs in Illinois are:
Senior Quantitative Risk Analyst jobs near you
Infographic showing various Senior Quantitative Risk Analyst job openings in Illinois as of July 2026, with employment types broken down into 67% Full Time, 7% Part Time, and 26% Contract. Highlights an 68% Physical, 4% Hybrid, and 28% Remote job distribution, with an average salary of $106,444 per year, or $51.2 per hour.

Risk Analyst

William Blair

Chicago, IL • Hybrid

Other

Re-posted 25 days ago

Job description

The Risk Analyst will identify and analyze potential operational, financial, legal and regulatory risks that threaten the assets, earning capacity or success of the firm. Forecast risk-related costs, and develop and analyze alternatives for risk mitigation. Apply knowledge of enterprise risk management principles and methodologies to aid business partners in establishing lines of defense to address risks and monitor their effectiveness. Recommend solutions to address potential risk changes and future trends. Assist in educating employees on risk awareness and the firm's enterprise risk management framework.

Responsibilities include but may not be limited to:

  • Develop and maintain an understanding of assigned business areas, including their current processes, systems, initiatives, market environment, and business strategies and challenges.
  • Identify and analyze specific operational, financial, legal and regulatory risks that threaten the assets, earning capacity or success of the business area.
  • Categorize and assess the severity of risks within a defined framework. Identify potential risk impact and costs to the firm.
  • Utilize enterprise risk management principles and methodologies to perform quantitative analysis such as risk grading, financial risk, rate of failure.
  • Collaborate with business partners to recommend solutions to reduce or control risk.
  • Develop reports and presentations to outline findings and recommendations for risk mitigation opportunities and costs.
  • Provide risk management perspective to business areas as they consider proposed changes in their organization, operations or systems. Educate businesses in understanding and addressing operational, legal and regulatory and financial risks.
  • Identify and assess changes in government legislation and advise on compliance.
  • Continuously update assigned components of the enterprise risk portfolio. Monitor progress on risk mitigation efforts.
  • Develop contingency plans to deal with emergencies such as business continuity, emergency response, crisis communication.
  • Ensure all work activities are in compliance with applicable rules, regulations, policies and procedures.
  • Additional responsibilities as requested.

Qualifications:

  • Bachelor's Degree required
  • 2 - 5 years of financial services industry and risk management experience required, preferably in a risk, audit, or compliance roleStrong written and verbal communication skills
  • Knowledge of enterprise risk principles and methodologies
  • Knowledge of applicable regulations
  • Ability to develop cross-functional relationships to achieve project objectives
  • Project management and prioritization skills
  • Critical thinking and problem solving skills

#LI-MW

#LI-HYBRID

Apply