Quantitative ERM Modeling Analyst

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

Benefits offered by this job

Medical, dental and vision coverage

Paid time off

Retirement savings options

Wellness programs

Job summary

CVS Health is seeking a risk management professional to support the Enterprise Risk Management program across quantitative risk analysis, regulatory deliverables, and broader ERM activities. You will maintain and enhance quantitative models, support regulatory processes, and collaborate with subject matter experts to translate business information into rigorous analysis.

The role emphasizes strong data skills, SQL/Excel (and VBA, Python or R where applicable), documentation, and clear

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 quantitative risk models, their data flows, calculations, assumptions, dependencies, controls, outputs, and business context.
• Support enterprise economic capital model and other risk-quantification tools by investigating issues, evaluating changes, testing and reconciling results.
• Collaborate with subject matter experts and cross-functional teams to collect and interpret data, understand definitions, and translate business information into quantitative analysis.
• Prepare and analyze complex datasets through profiling, cleansing, standardization, validation, reconciliation, transformation, aggregation, trend analysis, and data-quality control checks.
• Use SQL, Excel, and, where applicable, VBA, R, or Python to extract and transform data, perform analysis, support modeling, automate processes, and produce repeatable reporting.
• Maintain documentation of data sources, business rules, model methodologies, assumptions, limitations, changes, testing, results, and governance activities.
• Support stress-scenario development and execution, enterprise risk quantification, analysis of business impact.
• Build productive relationships with stakeholders, communicate technical concepts clearly, provide status updates, and raise issues promptly.
• Take ownership of assignments, ask thoughtful questions, incorporate feedback, and identify opportunities to improve data quality, model controls, and processes.

Skills

Quantitative analysis

Excel

SQL

VBA

Attention to detail

Self-starter

Education

Bachelor's degree (quantitative/analytical)

Tools

PowerQuery

R

Python

Job description

CVS Health is seeking a risk management professional to support the Enterprise Risk Management program across quantitative risk analysis, regulatory deliverables, and broader ERM activities. You will maintain and enhance quantitative models, support regulatory processes, and collaborate with subject matter experts to translate business information into rigorous analysis.

The role emphasizes strong data skills, SQL/Excel (and VBA, Python or R where applicable), documentation, and clear