Quantitative Analyst, Risk Salary
Risk Quantitative Analysts in the United States take home approximately $83K annually on average. Residence is the biggest factor affecting pay for this group, followed by experience level. Men account for the majority of Risk Quantitative Analysts who responded to the questionnaire — 80 percent to be exact. The majority of workers are highly satisfied with their job. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$60,067 - $144,081|
|Bonus||$2,954 - $20,203|
|Total Pay (||$60,250 - $157,226|
Job Description for Quantitative Analyst, Risk
Quantitative risk analyst are responsible for understanding risk system concepts, software framework, and data requirements within the requirements of their organization and projects. They utilize the knowledge to perform various analyses to support model validations. Their main responsibilities include analyzing large data sets and time series using proprietary enterprise data analytics systems, as well as applying machine learning algorithms and modifying their settings according to project requirements.Read More...
Other tasks performed by quantitative risk analysts include designing and implementing technical solutions to management analytics, creating detailed reports based on their observations, and relaying findings to superiors and other departmental supervisors for their use in future business decisions. They may also work with other quantitative analysts to perform model validation to build applications for risk analysis. Quantitative risk analysts need to be able to use different computer frameworks and quantitative software, and they use a computer to calculate risk and analyze quantitative data.
At least a bachelor's degree in mathematics, physics, statistics, or a related field is required for this job. Previous related experience is needed as well, and relevant certifications may be beneficial. Quantitative risk analysts must be have strong analytical skills to interpret risk and quantitative data. They need to work well in a fast-paced environment and be able to deliver risk analyses within deadline.
Quantitative Analyst, Risk Tasks
- Research and analyze market statistics to develop, test, validate, execute, and maintain analytical software programs and quantitative models.
- Query, consolidate, and present data to senior management.
- Assist in the construction and execution of portfolio management.
- Perform risk analytics, loan pricing, and default risk modeling,
- Design tests and experiments to collect data and test new models and programs
Popular Skills for Quantitative Analyst, Risk
Risk Quantitative Analysts seem to require a number of specific skills. Most notably, skills in Data Analysis, Financial Modeling, Risk Management / Risk Control, and SQL are correlated to pay that is above average. It is often found that people who know SAS are also skilled in Risk Management / Risk Control.
Pay Difference by Location
For those looking to make money, Risk Quantitative Analysts in New York enjoy an exceptional pay rate, 40 percent above the national average. Risk Quantitative Analysts in Buffalo take home the lowest salaries, earning a whopping 34 percent less than the national average.
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Key Stats for Quantitative Analyst, Risk
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