Bimetallic rolls are widely used in hot rolling mills because of excellent hardness, wear resistance, and high temperature properties. Considerable residual stresses are produced for the bimetallic roll during quenching. Moreover, severe thermal stresses are caused by heating-cooling thermal cycles during subsequent hot rolling process. Fracture from the roll center may occur due to the residual stress adding to the thermal stress, and therefore, it is desirable to investigate the residual stress to improve roll service life. Therefore, FEM simulation of the bimetallic roll is performed for the quenching process. It should be noted that a large number of experimental data of the core and shell material are utilized for the wide range of temperature considering the quenching. The generation mechanism for the residual stress is discussed focusing on the effect of temperature gradient and phase transformation. Furthermore, the effects of shell-core ratio and diameter on residual stress are considered. Results show that the residual stress only slightly increases with increasing shell-core ratio, while significantly increases with increasing diameter.