Quantitative Analyst, Risk Salary

Median pay for Risk Quantitative Analysts in the United States is around $91K per year. Geography and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most Risk Quantitative Analysts survey respondents are men (73 percent). Most Risk Quantitative Analysts report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$62,115 - $148,614
$62K
$95K
$150K
MEDIAN: $95,462
10%
50%
90%

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$0$168K
Salary $62,115 - $148,614
Bonus $2,948 - $29,479
Profit Sharing $5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$61,831 - $168,235
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 102

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.

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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.

Quantitative Analyst, Risk Job Listings

Popular Skills for Quantitative Analyst, Risk


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Data Analysis, Financial Modeling, Risk Management / Risk Control, and SQL are correlated to pay that is above average. At the other end of the pay range are skills like SAS and SQL. Those educated in SAS tend to be well versed in Risk Management / Risk Control.

Pay Difference by Location

National Average: $100,959

Larger city markers indicate a job is popular in that location.

New York offers some of the highest pay in the country for Risk Quantitative Analysts, 37 percent above the national average. Location is a huge contributor to overall pay, with Risk Quantitative Analysts in Buffalo earning a whopping 36 percent below the national average.

Related Job Salaries

Key Stats for Quantitative Analyst, Risk

Gender

Female
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
Less than 1 year
14%
1-4 years
46%
5-9 years
20%
10-19 years
19%
20 years or more
1%

Experience Affects Quantitative Analyst, Risk Salaries

Experienced
▲51%

▲30%

National Average
$101,000

▼12%

Skills That Affect Quantitative Analyst, Risk Salaries

Data Analysis
▲9%

National Average
$101,000

Financial Modeling
▼2%

Risk Management / Risk Control
▼7%

SAS
▼9%

SQL
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
14%
1-4 years
46%
5-9 years
20%
10-19 years
19%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 77%
no benefits
None: 9%