Principal Quantitative Risk Management Analyst

First Tech Federal Credit Union; Chelmsford (MA); Hybrid; USD 147,000 - 176,000; Full time

Benefits offered by this job

Health benefits (medical, dental, and视

Generous 401(k) match

Paid Time Off and holidays

Sick time and personal days

Job summary

First Tech Federal Credit Union in Marlboro/Chelmsford, MA or Hillsboro, OR is seeking an advanced quantitative risk professional to design and improve models across market, credit, and operational risk. You will lead analytics tooling, establish risk metrics, and translate complex findings for stakeholders in a hybrid work setting.

The role requires 8–12 years of relevant experience and a Bachelor’s degree in a related field, with proficiency in Python, R, and SQL to support decision making and

Qualifications

• Strong expertise in quantitative finance, statistics, econometrics, and mathematics.
• Proven ability to build, validate, and interpret complex risk models using Python, R, SQL.
• Deep knowledge of market, credit, operational, and portfolio risk in financial settings.
• Ability to translate analytical findings into actionable recommendations for stakeholders.

Responsibilities

• Develop, refine, and maintain sophisticated quantitative models for risk.
• Lead implementation and improvement of analytics tools for risk measurement and stress testing.
• Establish risk metrics, thresholds, and guidelines to keep exposure within bounds.
• Evaluate risk implications of new products and initiatives and provide insights.
• Monitor macroeconomic trends and emerging risk signals to identify vulnerabilities.
• Create reporting frameworks to enhance transparency and data quality.
• Collaborate with business, finance, data, and tech teams to embed risk practices.
• Provide mentorship to strengthen analytical capabilities.
• Ensure adherence to policies, governance, and regulatory requirements.

Skills

Quantitative finance

Statistics

Econometrics

Mathematics

Python

R

SQL

Education

Bachelor's degree

Tools

Python

R

SQL

Job description

Description

This role provides advanced quantitative expertise to evaluate, model, and manage risk across diverse areas of the organization. This role leads the design and enhancement of analytical methodologies that support informed decisionmaking, effective risk controls, and proactive identification of emerging threats to organizational objectives.

Here’s what you can expect from the job and what you need to be successful:

What You'll Do :

Essential Functions:

• Develop, refine, and maintain sophisticated quantitative models that assess market, credit, operational, and portfoliolevel risks.
• Lead the implementation and continuous improvement of analytical tools and processes used for risk measurement, forecasting, stress testing, and scenario analysis.
• Establish and interpret risk metrics, thresholds, and guidelines to ensure the organization’s exposure remains within acceptable boundaries.
• Evaluate the risk implications of new or evolving financial products, strategies, and business initiatives, providing actionable insights to stakeholders.
• Monitor macroeconomic trends, market conditions, and emerging risk signals to identify potential vulnerabilities and recommend mitigation strategies.
• Drive the creation of effective reporting frameworks that enhance transparency, data quality, and efficiency in communicating risk insights.
• Collaborate crossfunctionally with business, finance, data, and technology partners to embed quantitative risk practices into decisionmaking processes.
• Provide technical guidance, mentorship, or subjectmatter expertise to others to strengthen the organization’s overall analytical capabilities.
• Ensure adherence to internal policies, governance expectations, and regulatory requirements related to risk modeling and analytics.

Typical Scope:

• Anticipates internal/external business issues and recommends product, process or service improvements. Leads projects or programs with significant risk and complexity and develops strategy for project execution. Analyzes complex business issues using conceptual thinking and exercises significant judgment on technical or highly complex problems. Makes recommendations impacting processes or outcomes.
• Exercises independent judgment in methods, techniques and evaluation criteria to work on significant and unique issues. Expert level knowledge in functional area and broad understanding of multiple disciplines. Applies innovative technical or industry knowledge. Communicates frequently with leadership.
• Acts independently to determine methods and procedures. May supervise the activities of others. Works autonomously under general guidance. May lead work group through expertise. Manages multiple processes or programs and establishes operational plans.

Essential Skills:

Education & Experience:

• Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree)
• Required Experience:8 - 12 years of relevant experience

Qualifications & Skills:

• Strong expertise in quantitative finance, statistics, econometrics, mathematics, or a related discipline.
• Proven ability to build, validate, and interpret complex risk or financial models using tools such as Python, R, SQL, or similar analytics platforms.
• Deep knowledge of risk concepts-including market, credit, operational, and portfolio risk-and their application in financial or operational environments.
• Ability to translate complex analytical findings into clear, actionable recommendations for diverse stakeholders.
• Demonstrated capability to work independently on complex problems while contributing effectively within crossfunctional teams.
• Strong understanding of data structures, model governance, and analytical best practices.

Location:

Marlboro/Chelmsford, MA or Hillsboro, OR - HYBRID

Target Compensation:

$146,500 - $176,000

Schedule:

Monday - Friday 8am-5pm

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

Who We Are:

Every great journey begins with a bold idea-and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.

Employees are eligible for:

• Traditional medical, dental, and vision coverage
• Generous 401(k) match
• Paid Time Off: You'll accrue up to 15 days in your first year. In addition, you'll receive 40 hours of sick time and 3 personal days, which refresh annually
• Paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria)

Employment Statements:

First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to [e-mail] and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.

First Tech is not currently offering Visa transfer/sponsorship for this position.