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What Do Quantitative Analyst, Risks Do?
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
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.
The top respondents for the job title Quantitative Analyst, Risk are from the companies Usaa Insurance, M&T Bank Corp and Bank of America Corporation. Reported salaries are highest at Wells Fargo Bank where the average pay is $130,000. Other companies that offer high salaries for this role include Massachusetts Mutual Life Insurance Company and Bank of America Corporation, earning around $124,800 and $114,882, respectively. M&T Bank Corp pays the lowest at around $61,042. BB&T Corp. and Usaa Insurance also pay on the lower end of the scale, paying $81,614 and $82,211, respectively.
Explore the most common career paths for Quantitative Analyst, Risk. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Skills in Risk Management / Risk Control, Financial Modeling, SAS and Statistical Analysis are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis.
What is the Pay by Experience Level for Quantitative Analyst, Risks?
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 $72,430 based on 33 salaries. An early career Quantitative Analyst, Risk with 1-4 years of experience earns an average total compensation of $86,463 based on 108 salaries. A mid-career Quantitative Analyst, Risk with 5-9 years of experience earns an average total compensation of $103,331 based on 55 salaries. An experienced Quantitative Analyst, Risk with 10-19 years of experience earns an average total compensation of $136,696 based on 28 salaries.
Employees with Quantitative Analyst, Risk in their job title in San Francisco, California earn an average of 61.2% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (13.7% more) and Boston, Massachusetts (11.5% more). The lowest salaries can be found in Buffalo, New York (33.6% less) and San Antonio, Texas (11.4% less).