In business protection and enablement, quantitative risk refers to the numerical analysis or rating of a project. Plainly speaking, it’s the measure of risk through numerical values. Quantitative risk analysis is used to obtain objective, accurate and concrete results. Unlike the more subjective qualitative method of risk analysis, the quantitative approach delivers cold hard data.
When planning any kind of business project, taking a quantitative approach to risk analysis is always a good idea. It should be used to ensure that no aspect of the process gets overlooked, enabling you to successfully plan your project from end-to-end. Quantitative risk analysis jobs can be found in countless industries all over the world, from construction to banking and everything in between. In business protection and enablement, they play a key role in developing reliable processes and metrics to ensure that companies remain compliant, sustainable, and effective at all times.
In finance, quantitative risk analysis is a vital part of everyday business. In order to make sure that financial products are legal, safe and effective, they must be subject to thorough risk analysis. If you’re hoping to secure your business interests for the future, you’ll likely need the help of some reliable business analysis at some point, and that means you’ll need to hire the right people for the job.
Quantitative analysts command incredibly large wages around the world, partly due to their high demand, versatile skillset and breadth of experience in mathematics, finance and business. The median quantitative analyst salary in the UK is £86,968, according to the data on Indeed’s website, but that number increases to £104,906 for the senior positions.
We’re at a tumultuous time in world history – amidst the ongoing conflict in Ukraine, the looming recession, the emergence of transformative technology and the global talent shortage, businesses everywhere are struggling to attract and retain talent. When hiring for highly specialised roles like quantitative analysts, these factors (and plenty more) can prove to be a real stumbling block on the road to success.
If you’re in the market for a risk analysis professional, or you need to build an entire risk function from scratch, Broadgate is here to help.
We have a vast amount of experience in hiring quantitative risk talent for companies all over the world. We can pinpoint talent from our extensive community network, effectively widening your reach and tapping into a much larger pool of candidates, allowing you to fill niche jobs without sacrificing your precious resources. The hiring process can be extremely testing for a business that’s experiencing high growth, particularly if you can’t get it right the first time.
Here at Broadgate, we use a people-first, community-led methodology to match the right candidates with the ideal opportunity.Our specialist consultants have a deep knowledge of risk analysis in the recruitment market, enabling us to ensure that every CV that reaches you is suited to your hiring needs.
If you’ve got any questions about our recruitment solutions, please reach out to the team at Broadgate today, we’re here to help your business (and your people) thrive.