The average salary for a Quantitative Analyst, Risk is $93,372.
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$64k - $139k
$5k - $27k
$3k - $9k
$63k - $161k
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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 re…Read more
Quantitative Analyst, Risk Tasks
- Research and analyze market statistics to develop, test, validate, execute, and maintain analytical software programs and quantitative models.
- Perform risk analytics, loan pricing, and default risk modeling.
- Design tests and experiments to collect data and test new models and programs.
- Query, consolidate, and present data to senior management.
- Assist in the construction and execution of portfolio management.
Popular Employer Salaries for Quantitative Analyst, Risk
The top respondents for the job title Quantitative Analyst, Risk are from the companies Usaa Insurance, Bank of America Corporation and BB&T Corp.. Reported salaries are highest at Massachusetts Mutual Life Insurance Company where the average pay is $124,800. Other companies that offer high salaries for this role include Wells Fargo Bank and Bank of America Corporation, earning around $117,500 and $114,882, respectively. M&T Bank Corp pays the lowest at around $61,042. Usaa Insurance and BB&T Corp. also pay on the lower end of the scale, paying $81,552 and $81,614, respectively.
Quantitative Analyst, Risk Job Listings
Popular Skills for Quantitative Analyst, Risk
Skills in Risk Management / Risk Control, Financial Modeling and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include SQL and SAS.
Pay by Experience Level for Quantitative Analyst, Risk
An entry-level Quantitative Analyst, Risk with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $73,238 based on 50 salaries. An early career Quantitative Analyst, Risk with 1-4 years of experience earns an average total compensation of $86,780 based on 97 salaries. A mid-career Quantitative Analyst, Risk with 5-9 years of experience earns an average total compensation of $105,781 based on 47 salaries. An experienced Quantitative Analyst, Risk with 10-19 years of experience earns an average total compensation of $138,481 based on 20 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Quantitative Analyst, Risk in their job title in San Francisco, California earn an average of 57.9% more than the national average. These job titles also find higher than average salaries in Charlotte, North Carolina (12.2% more) and New York, New York (10.2% more). The lowest salaries can be found in Buffalo, New York (17.0% less), San Antonio, Texas (12.4% less) and Winston-Salem, North Carolina (12.1% less).
Years of Experience
This data is based on 214 survey responses.
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