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Senior Quantitative Risk Analyst Jobs (NOW HIRING)

Akuna Capital

Junior Quantitative Risk Analyst

Chicago, IL · On-site

$90K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

What you'll do as a Junior Quantitative Risk Analyst at Akuna: We are looking for a motivated and talented individual to join our growing Risk Department. This role is part of a major investment in ...

Bank of America

Sr. Quantitative Finance Analyst

Newark, NJ · On-site

$89K - $111K/yr

  • PTO

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... The Senior Quantitative Financial Analyst interacts with a wide variety of stakeholders including ...

Bank of America

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

  • PTO

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... The Senior Quantitative Financial Analyst interacts with a wide variety of stakeholders including ...

Bank of America

Sr. Quantitative Finance Analyst

Newark, NJ · On-site

$89K - $111K/yr

  • PTO

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... The Senior Quantitative Financial Analyst interacts with a wide variety of stakeholders including ...

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Senior Quantitative Risk Analyst information

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$53.5K

$109.8K

$142.5K

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

As of Aug 18, 2026, the average yearly pay for senior quantitative risk analyst in the United States is $109,846.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,500.00 and $137,000.00 per year, depending on experience, location, and employer.

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 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 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 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.

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Senior Quantitative Risk Analyst jobs near you
Infographic showing various Senior Quantitative Risk Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $109,846 per year, or $52.8 per hour.

Indirect Lending Quantitative Risk Analyst Lead

M&T Bank

Buffalo, NY • On-site

$103K - $171K/yr

Full-time

Posted 25 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

80th of 171 rated banks

Job description

Overview:

Perform advanced data and credit risk analysis to identify and quantify risks in M&T's $19B Indirect lending portfolios. Support unit (dept.) in data analysis, portfolio deep dives, and loss estimation activities. Provide oversight and credit risk expertise during effective challenge efforts.

Primary Responsibilities:
  • Lead Retail Quantitative Analysts in performing portfolio deep dives, asset quality monitoring, and interpreting data with a risk management focus with an understanding of business strategy.
  • Mentor and supervise the work of junior team members and assist in the development of their analytics acumen in areas such as segmentation analysis, logistic regression, decision trees and data visualization.
  • Demonstrated working knowledge of Credit Risk databases to provide data and analytical support to Senior Management.
  • Perform data manipulation and analysis using SQL, SAS and Microsoft Excel and present results and recommendations to Credit Risk Management.
  • Track portfolio performance and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.
Education and Experience Required:

Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 5 years relevant experience.
-OR-
Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 3 years relevant experience,
OR in lieu of degree,
A combined minimum of 9 years higher education and/or work experience to include a minimum of 3 years relevant experience
Minimum of 5 years relevant experience
Banking or Financial Services experience.
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.

Education and Experience Preferred:

Credit Analysis experience

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America

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