Data-Driven Quantitative ERM Analyst

CVS Health; Minnesota; Hybrid; USD 44,000 - 85,000; Full time

Job summary

CVS Health is seeking a detail-oriented Risk Analyst to support the Enterprise Risk Management (ERM) program. You will help maintain quantitative models, assist with regulatory deliverables, and collaborate with cross-functional teams to improve data quality and processes.

The role emphasizes technical rigor, clear communication, and ownership of modeling tasks, with opportunities to contribute to stress testing and governance practices within the organization.

Qualifications

• Foundational experience with quantitative analysis, financial or statistical modeling, or complex analytical coursework or projects.
• Proficiency in Microsoft Excel, with working knowledge of SQL and VBA.
• Demonstrated attention to detail and commitment to accuracy, completeness, data integrity, and clear, well-organized documentation.
• Ability and willingness to learn complex quantitative models, understand how their components connect, and build the subject-matter expertise needed to maintain and enhance them over time.
• Self-starter mindset with the ability to ask thoughtful questions, identify issues, recommend practical improvements, incorporate feedback, and take increasing ownership of assignments.

Responsibilities

• Develop a deep understanding of assigned quantitative risk models—including data flows, calculations, assumptions, dependencies, controls, outputs, and business context—and take ownership of maintenance and enhancement.
• Support the enterprise economic capital model and other risk-quantification tools by investigating issues, evaluating changes, testing and reconciling results, and explaining updates.
• Partner with subject matter experts to collect and interpret data, translate business information into quantitative analysis, and validate assumptions.
• Prepare and analyze complex datasets through profiling, cleansing, standardization, validation, reconciliation, transformation, and data-quality checks.
• Use SQL, Excel, and VBA, and where applicable R or Python, to extract data, perform analysis, support modeling, automate processes, and produce reporting.
• Maintain auditable documentation of data sources, rules, model methodologies, assumptions, limitations, changes, testing, and governance.
• Support stress-scenario development and enterprise risk quantification, analysis of business outcomes.
• Build relationships with stakeholders, communicate technical concepts clearly, provide status updates, and raise issues promptly.
• Take ownership of assignments, ask questions, incorporate feedback, and identify opportunities to improve data quality and processes.

Skills

Quantitative analysis

Excel

SQL

VBA

Attention to detail

Self-starter

Communication

Education

Bachelor's degree in quantitative/analytical field

Tools

PowerQuery

R

Python

Job description

CVS Health is seeking a detail-oriented Risk Analyst to support the Enterprise Risk Management (ERM) program. You will help maintain quantitative models, assist with regulatory deliverables, and collaborate with cross-functional teams to improve data quality and processes.

The role emphasizes technical rigor, clear communication, and ownership of modeling tasks, with opportunities to contribute to stress testing and governance practices within the organization.