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Volunteer Risk Quant Jobs in Illinois (NOW HIRING)

Northern Trust

Specialist, Investment Risk

Chicago, IL · On-site

$137.40K - $233.60K/yr

Provide independent oversight to risks associated with equities, derivatives and quantitative ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Northern Trust

Specialist, Investment Risk

Chicago, IL

$137.40K - $233.60K/yr

Provide independent oversight to risks associated with equities, derivatives and quantitative ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Northern Trust

Specialist, Investment Risk

Chicago, IL · Hybrid

$137.40K - $233.60K/yr

Provide independent oversight to risks associated with equities, derivatives and quantitative ... insurance, and other voluntary and well-being benefits. Northern Trust also provides a ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

... and quantitative fit test. WHAT WE OFFER * Competitive salary * Retirement Savings: Choose from ... Vision and other Voluntary benefits and discounts * Paid time off & paid holidays * Paid Parental ...

Amrize

Risk Manager, Insurance Programs

Chicago, IL · On-site

... and quantitative fit test. WHAT WE OFFER * Competitive salary * Retirement Savings: Choose from ... Vision and other Voluntary benefits and discounts * Paid time off & paid holidays * Paid Parental ...

Compeer Financial

Quantitative Analyst

Bloomington, IL · On-site

Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off ... Minimum of 3 years of experience in risk management modeling or advanced analytics and in-depth ...

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Volunteer Risk Quant information

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

To thrive as a Volunteer Risk Quant, you need strong quantitative analysis skills, a solid understanding of financial risk modeling, and typically a degree in mathematics, finance, or a related field. Familiarity with statistical software, programming languages like Python or R, and risk management systems such as Value at Risk (VaR) tools is commonly required. Attention to detail, problem-solving abilities, and effective communication are essential soft skills for translating complex data into actionable insights. These competencies ensure accurate risk assessments and help organizations make informed decisions to mitigate financial risks.

What are the main challenges faced by a Volunteer Risk Quant when working with nonprofit organizations?

As a Volunteer Risk Quant, one of the primary challenges is adapting sophisticated quantitative models to environments with limited data and resources, which is common in nonprofit organizations. You may also encounter varying levels of financial literacy among team members, requiring clear communication of complex risk concepts. Additionally, balancing rigorous risk analysis with the practical needs and constraints of the organization can be demanding, but it offers a unique opportunity to make a tangible impact. Close collaboration with finance, operations, and leadership teams is essential to ensure your insights are actionable and aligned with organizational goals.

What are Volunteer Risk Quants?

Volunteer Risk Quants are individuals who offer their quantitative risk analysis skills on a volunteer basis, typically to organizations or causes that need help assessing and managing financial or operational risks. They use mathematical models and statistical techniques to evaluate the likelihood and potential impact of various risks. These volunteers often help nonprofits, startups, or community projects that may not have the resources to hire full-time risk analysts. Their work can include data analysis, creating risk models, and advising on risk mitigation strategies. By volunteering, they contribute their expertise to support organizations in making informed, data-driven decisions.

What is the difference between Volunteer Risk Quant vs Volunteer Data Analyst?

AspectVolunteer Risk QuantVolunteer Data Analyst
Required CredentialsBackground in risk modeling, statistics, or quantitative analysisProficiency in data analysis, statistics, and data visualization tools
Work EnvironmentNon-profit or volunteer organizations focusing on risk assessmentVarious sectors including non-profits, research, or community projects
Employer & Industry UsageUsed in organizations assessing volunteer safety and risk factorsUsed in organizations analyzing volunteer data for insights and improvements

The main difference is that Volunteer Risk Quant focuses on assessing and modeling risks associated with volunteer activities, requiring expertise in risk analysis and quantitative methods. Volunteer Data Analysts primarily analyze volunteer data to generate insights, often with broader data skills. Both roles support volunteer programs but serve different analytical purposes.

What are the most commonly searched types of Risk Quant jobs in Illinois? The most popular types of Risk Quant jobs in Illinois are:
What are popular job titles related to Volunteer Risk Quant jobs in Illinois? For Volunteer Risk Quant jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Volunteer Risk Quant jobs in Illinois look for? The top searched job categories for Volunteer Risk Quant jobs in Illinois are:
What cities in Illinois are hiring for Volunteer Risk Quant jobs? Cities in Illinois with the most Volunteer Risk Quant job openings:
Volunteer Risk Quant jobs near you
Specialist, Investment Risk

Specialist, Investment Risk

Northern Trust

Chicago, IL • On-site

$137.40K - $233.60K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 23 days ago

Northern Trust rating

7.7

Company rating: 7.7 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

Job description

About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
We are actively seeking a highly experienced Investment Risk specialist in Equity and Derivatives, to lead our independent risk management initiatives and contribute to the success of our investment strategies.
The key responsibilities of the role include:
  • Provide independent oversight to risks associated with equities, derivatives and quantitative strategies, ensuring alignment with organizational goals and risk appetite.
  • Lead efforts by identifying, analyzing, reporting and mitigating potential investment risks within established risk guidelines.
  • Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk
  • Document policies, procedures and standards related to the investment risk oversight and governance of equities and derivatives.
  • Ensure compliance with regulatory requirements and industry standards related to equity and derivative investments, collaborating with legal and compliance teams.
  • Effectively communicate risk assessments, mitigation strategies, and performance insights to senior management, committees, board members, and external stakeholders.
  • Stay abreast of industry best practices and emerging trends in investment risk management, driving innovation and improvement in risk processes.
  • Collaborate closely with portfolio managers, traders, and other investment professionals to integrate risk management into the investment decision-making process
  • Expand the use of quantitative risk analysis and export the best practices to other investment products.
  • Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of work.

The successful candidate will benefit from having:
  • Bachelor's degree in Finance, Economics, or a related field; advanced degree (e.g., MBA, CFA) is highly desirable.
  • 10+ years of experience in investment risk management, with a focus on equities, derivatives and quantitative risk management.
  • Proven track record of successfully leading risk management efforts for equity and derivative portfolios in a complex and dynamic market environment.
  • Expertise and experience in risk models for equities and derivatives, utilizing quantitative methodologies.
  • In-depth knowledge of equity markets, derivatives, quantitative methods, financial instruments, and regulatory landscape.
  • Excellent communication and presentation skills, with the ability to convey complex concepts to diverse stakeholders.
  • Strategic mindset, with the ability to contribute and challenge the overall investment strategy of the organization

#LI-LK2, #LI-Hybrid
Salary Range:
$137,400 - 233,600 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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