Ask Technology, LLC is looking for a skilled Quantitative Analyst (Modeling and Audit) to work with its financial risk and audit team in Chicago, Illinois. The main duty of this important job is to check, confirm, and audit complicated economic models that are used for stress testing, market risk, credit risk, and liquidity risk. The job comes with a competitive pay range of USD 110,000 to USD 150,000 per year, depending on experience, technical knowledge, and background in auditing. There are also performance-based bonuses and a lot of other benefits.
The job has a flexible schedule (3 days in-person and 2 days online), and qualified international professionals already in the United States can apply for an H-1B visa to move to the position. This job is ideal for individuals with a strong background in mathematics who wish to work in a highly regulated environment where data science, financial risk, and regulatory compliance intersect.
Key Points:
- Organization: Request Technology, LLC
- Position: Quantitative Analyst
- Job Type: Full-Time
- Salary: $110,000 to $150,000 per year
- Country: United States
About Role:
As a Quantitative Analyst, it will be very important that you make sure that financial risk models and tools are honest, correct, and follow all the rules. You will be in charge of leading and carrying out model reviews and audits, sharing complicated analytical results with stakeholders, and helping to make the organization’s risk management system stronger as a whole.
The job involves a lot of technical analysis as well as auditing, governance, and working with stakeholders. It’s a great chance to work with top risk and audit leaders.
About Hiring Firm:
Request Technology, LLC is a well-known technology and professional services company that is known for providing top-notch professionals and solutions in the areas of technology, risk, and financial services. The company works with major companies to improve control, compliance, and technology-driven decision-making. It is known for taking on difficult, important projects in regulated fields.
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Responsibilities of Quantitative Analyst Jobs in USA:
- In charge of and responsible for carrying out quantitative reviews, validations, and checks of financial risk models and tools
- Look over the models’ concepts, data, methods, code, tests, and implementation to make sure they make sense.
- Help with checks and audits of credit, market, liquidity, and stress testing risk
- Make it easy for audit management and business stakeholders to understand complicated technical results.
- Plan the audit, try it, evaluate the controls, and write it up according to IIA standards.
- Write up audit reports that list the main risks, results, causes, and effects on the business.
- Model risk should be constantly checked, and new patterns and trends should be found.
- Question the way risk is managed now and suggest tougher controls
- Use data analytics to help create audit processes, templates, and automated testing.
- Help and guide young team members in financial risk and auditing procedures
Requirements for Quantitative Analyst Jobs in USA:
- Must have a bachelor’s degree; a master’s or PhD in a quantitative area is strongly preferred.
- 5 or more years of experience in jobs like model risk management, quantitative audit, or others like them
- Have worked in financial services and with officials like the Federal Reserve, the SEC, the CFTC, or FINRA.
- Very good understanding of swaps, credit/counterparty risk, and models for stress testing
- Practical knowledge of statistics and code (in Python, C++, Java, or a similar language)
- A good grasp of auditing standards and systems (IIA, GIA, AICPA, COSO)
- Excellent communication skills and the ability to describe complicated technical topics to people who aren’t experts in them
- It is possible to get an H-1B move in the United States.
Entry-Level Quantitative Analyst Jobs USA:
Graduates and early-career professionals with backgrounds in math, statistics, economics, or computer science can do well in entry-level quantitative analyst jobs in the United States. The main tasks of these jobs are to analyze data, make financial models, and evaluate risks while being supervised by a higher-up. Employers want to see that you can think analytically, program, and understand large numbers. For people who want to build a long-term career in quantitative finance, entry-level jobs are great because many companies offer organized training.
Quantitative Analyst Jobs in Chicago, USA:
There are a lot of jobs for quantitative analysts in Chicago, USA. This is because the city has a lot of banks, traders, asset managers, and financial consultants. You can work on credit risk, market risk, and stress-testing models in Chicago, where the pay is fair, and you can meet people from big banks. Also, the city is known for hiring both junior and senior mathematical experts for roles in trading, risk, and auditing.
Full-Time Quantitative Analyst Jobs USA:
In the United States, full-time work as a quantitative analyst offers long-term stability, good pay, and access to cutting-edge financial systems. In these jobs, you’ll usually be creating, checking, and reviewing quantitative models that are used to make decisions and ensure that rules are followed. When you work full-time for a financial company, you usually get performance bonuses, health insurance, retirement plans, and clear paths for growth.
Quantitative Analyst Roles in Financial Institutions USA:
In US financial institutions, quantitative analysts play a key part in managing risk, making models more accurate, and meeting regulatory requirements. Quantitative analysts help banks, hedge funds, insurance companies, and fintech companies with things like credit risk analysis, modeling liquidity, and making financial predictions. You need to be good at programming, know a lot about money, and be able to work with risk managers, accountants, and compliance teams.
Benefits of Quantitative Analyst Jobs:
- High Earning Potential: Quantitative analysts get good pay, and they often get success bonuses and long-term incentives as well.
- Strong Job Demand: There is a lot of demand for quant roles in risk management, banking, fintech, and investment companies.
- Work that challenges your mind: Every day, you have to solve complicated problems, model data, and do advanced analytics.
- Career Advancement: There are clear ways to move up in your career and become a senior quant, risk lead, or portfolio manager.
- Exposure to Financial Markets: You will work closely with models that affect investment strategies, market risk, and credit risk.
- Improvement of Skills: Get better at programming, statistics, machine learning, and financial models.
- Global Opportunities: You can use your quantitative skills in several different international banking hubs.
- Stability in the job market: Financial institutions depend on quantitative analysis a lot to meet legal and risk requirements.
- Collaborating with people from different departments: work closely with traders, accountants, data scientists, and compliance teams.
- Respect in the workplace: Quantitative analysts are highly regarded for their technical knowledge and analytical understanding.
How to Apply:
To find work as a quantitative analyst in the United States, you should first look for roles that fit your skills on company websites, job boards, or through financial recruitment agencies. Make a strong resume that shows off your math skills, programming experience, and school background. Send your application online along with supporting papers like certificates or transcripts. Usually, applicants who have made the short list are asked to come in for technical interviews and tests.
Conclusion:
This is a great chance for a seasoned Quantitative Analyst who wants to work in financial risk and audit in a job that gets a lot of attention, is technically difficult, and pays well. This job in Chicago offers long-term professional stability and career growth for people with strong quantitative skills and audit knowledge who are looking for a role that allows H-1B transfers.
Frequently Asked Questions:
What does a quantitative analyst do?
A quantitative analyst creates, tests, and checks mathematical and statistical models that are used in trade, risk management, finance, and following the rules.
What qualifications are required to become a quantitative analyst?
A degree in math, statistics, business, economics, engineering, or computer science is needed for most jobs. People often prefer people with advanced degrees and good programming skills.
What is the average salary for quantitative analysts in the USA?
Quantitative analysts usually make between USD 110,00 and USD 150,000 a year, plus bonuses and other benefits based on how well they do their job and how much experience they have.
