Risk Modeling Analyst Salaries in New Jersey
How Much Does a Risk Modeling Analyst Make in New Jersey?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Risk Modeling Analyst in New Jersey is $87,918.
While Salary.com is seeing that Risk Modeling Analyst salary in NJ can go up to $110,296
or down to $65,905, but most earn between $76,396 and $99,631.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Risk Modeling Analyst
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Similar Job Salaries to Risk Modeling Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
KPMG US
Senior Associate, Risk Modeling
|
$98,460/yr
|
RANGE: $89,758 - $107,162
|
|
Charles Schwab Inc.
Manager, Risk Analytics and Modeling
|
$136,203/yr
|
RANGE: $124,237 - $148,170
|
|
RA
Credit Risk Modeling & Analytics Manager
|
$84,052/yr
|
RANGE: $73,866 - $94,237
|
|
New Jersey Institute of Technology
Modeling and Forecasting Analyst
|
$98,939/yr
|
RANGE: $88,959 - $108,919
|
|
D.W. Simpson
Cat Modeling Analyst II
|
$93,939/yr
|
RANGE: $83,929 - $103,949
|
|
Axis Capital
Cat Modeling Analyst
|
$85,440/yr
|
RANGE: $77,226 - $93,653
|
|
CyberCube
Risk Modeling Analyst
|
$101,596/yr
|
RANGE: $92,036 - $111,156
|
|
JPMorganChase
Risk Management - Quant Modeling Lead - Vice President
|
$112,716/yr
|
RANGE: $102,233 - $123,200
|
|
The CARIAN Group
Risk Analyst
|
$101,234/yr
|
RANGE: $91,492 - $110,976
|
|
$119,405/yr
|
RANGE: $108,161 - $130,649
|
Top 10 Highest Paying Cities For Risk Modeling Analyst Jobs in New Jersey
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Risk Modeling Analyst can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Risk Modeling Analyst job salaries in New Jersey.
Some cities can pay higher salaries for Risk Modeling Analyst jobs, which can indicate that there is a large demand for Risk Modeling Analyst positions in this city.
The following table shows top 10 cities where the Risk Modeling Analyst salary is higher than other cities in New Jersey.
Jersey City takes first place in this list, followed by Union City, Hoboken.
The Risk Modeling Analyst salary is $94,002 in Jersey City,
which is higher than the national average. There are 33 cities' Risk Modeling Analyst salary higher than national average in New Jersey.
The average salary for a Risk Modeling Analyst in New Jersey is $87,918,
but we found that the city with the highest salary for Risk Modeling Analyst jobs is Jersey City, NJ, and it is higher than Union City.
Risk Modeling Analyst jobs in Jersey City can have the opportunity to earn higher salaries than in other cities in New Jersey.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Jersey City | $94,002 | $7,833 | $1,808 | $45 |
| Union City | $94,002 | $7,833 | $1,808 | $45 |
| Hoboken | $94,002 | $7,833 | $1,808 | $45 |
| West New York | $94,002 | $7,833 | $1,808 | $45 |
| Paramus | $92,744 | $7,729 | $1,784 | $45 |
| Paterson | $92,663 | $7,722 | $1,782 | $45 |
| Clifton | $92,663 | $7,722 | $1,782 | $45 |
| Passaic | $92,663 | $7,722 | $1,782 | $45 |
| Bloomfield | $92,663 | $7,722 | $1,782 | $45 |
| Wayne | $92,663 | $7,722 | $1,782 | $45 |
What Does a Risk Modeling Analyst Do?
With the continuous evolution of technology, banks are continually researching and developing effective ways of modeling credit risk.
Updated December 21, 2021
At startups and other small organizations, it is not uncommon for a data analyst to take on some of the predictive modeling or decision-making responsibilities that may otherwise be assigned to a data scientist.
Updated December 19, 2021
By covering the concepts of probability theory, statistical modeling, data visualization, predictive analytics, and risk management in the context of a business environment.
Updated December 18, 2021
While the approaches we study all have their merits and have comparable accuracy levels, we believe that to improve default prediction accuracy and to expand the field of credit risk modeling in general, efforts should focus on the data dimension.
Updated December 09, 2021
The bank is looking to hire a highly motivated candidate with a strong quantitative skillset who can assist with retail credit risk modeling and monitoring, and can be a key point person for all PD, LGD, EAD analytics.
Updated December 03, 2021
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Explore JobArchitectFrequently Asked Questions About a Risk Modeling Analyst Salaries
What is the average of a Risk Modeling Analyst in New Jersey?
The Risk Modeling Analyst salary range is from $76,396 to $99,631, and the average Risk Modeling Analyst salary is $87,918/year in New Jersey.
The Risk Modeling Analyst's salary will change in different locations.
Which location pays the highest Risk Modeling Analyst salary in the United States?
The Risk Modeling Analyst salary in San Jose, CA is $102,308
which is the highest in the US.
What kinds of reasons will influence the Risk Modeling Analyst's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Risk Modeling Analyst.
What is the growth rate of the Risk Modeling Analyst's salary?
If you are thinking of becoming a Risk Modeling Analyst or planning the next step in your career, find the detailed salary report of a Risk Modeling Analyst.
