Quantitative Analyst, Risk Salary
An average Risk Quantitative Analyst in the United States can expect to take home roughly $87K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and the greater part earn dental coverage. Most Risk Quantitative Analysts survey respondents are men (78 percent). Most Risk Quantitative Analysts like their work and job satisfaction is high.
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
- Perform risk analytics, loan pricing, and default risk modeling,
- Design tests and experiments to collect data and test new models and programs
- Assist in the construction and execution of portfolio management.
- 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.
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Popular Skills for Quantitative Analyst, Risk
Survey takers who work as Risk Quantitative Analysts usually report a few specific skills. Most notably, skills in Financial Modeling, Risk Management / Risk Control, SAS, and Data Analysis are correlated to pay that is above average. At the other end of the pay range are skills like SQL, Data Analysis, and SAS. Those proficient in SAS are, more often than not, also skilled in Risk Management / Risk Control.