Market Risk Analyst Job Description
Market Risk Analyst Duties & Responsibilities
To write an effective market risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included market risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Market Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Market Risk Analyst
List any licenses or certifications required by the position: CFA, FRM, PMP, MBA, PRM
Education for Market Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the market risk analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Engineering, Mathematics, Statistics, Business, Physics, Computer Science, Management, Graduate
Skills for Market Risk Analyst
Desired skills for market risk analyst include:
Desired experience for market risk analyst includes:
Market Risk Analyst Examples
Market Risk Analyst Job Description
- Facilitate successful set up and growth of IHC for Equity Cluster by working closely with FO and teams like VaR methodology, IRC methodology, Scenario team
- Input or update daily prices, verify off-market rate deals, research on current and historical market data with Bloomberg and other information systems, perform other valuation tasks
- For liquidity risk, calculate daily and monthly metrics for the assigned portfolios, produce stress-testing results, monitor balances and settlement fails
- Calculate stress testing and back-testing of assigned portfolios and monitor data integrity of risk and front office systems by performing periodic reconciliation
- Improve monitoring processes by developing new macros and other automated solutions and modifying existing ones
- This position may be assigned monitoring, reporting, or other quantitative tasks for the counterparty credit risk function, on a permanent or back-up basis
- Functions as a liaison between the business and developers on assigned issues
- Documentation (business requirements, user documentation)
- Identify time series needed to implement new methodologies, along with creating associated models and documentation
- Contribute to the defense of models by responding to the annual revalidation, internal and external audits and regulatory inquiries
- Very strong technical knowledge across broad range of investment banking products, particularly derivatives
- Experience in stakeholder and project management
- Interest in Risk and Regulations
- MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
- Value-at-Risk measurement and back-testing
- Sensitivity analysis and p/l decomposition
Market Risk Analyst Job Description
- Investigate issues and reconcile positions in the risk systems
- Produce Volcker risk report for the US entities to be in compliance with the Volcker Rule regulation
- For liquidity risk, calculate daily and monthly liquidity risk indicators, produce stress-testing results, monitor balances and settlement fails
- Produce stress testing and back-testing reports on a regular basis
- Participate in internal/external audits by providing necessary information and reports
- This position may be assigned monitoring, reporting, or other quantitative tasks for the counterparty credit risk function, on a back-up basis
- Overseeing and driving continuous improvement of the risk production platform via MR Proof of Concept monthly governance forum and Holistic Validation Governance framework, partnering with key business and infrastructure teams across the Bank
- An understanding of best practice in Front to Back processes and controls and how market risk control should fit within this
- A Bachelors degree in Engineering, Sciences, Finance or Economics
- An excellent communicator with fluency in English, both verbally and in writing, with strong presentation (Powerpoint) skills
- Strong understanding of Value at Risk (VaR), Historical Simulation, Stress Testing, Back Testing, usage of risk factor/market data for Scenario Generation
- 2 - 4 years of experience in Market Risk, Credit Risk or related control function
- Experience in running project, conducting business analysis, involving in UAT will be a plus
- Degree in Statistics, Mathematics, Finance, Economics, Accounting
- Or a master’s degree plus one year of experience
- Understanding regulatory requirements and identifying and documenting business requirements from key business stakeholders
Market Risk Analyst Job Description
- Carry out day to day validation of risk information processed by dedicated Risk Data Control Team based in Mumbai, ensuring complete and accurate risk capture and reporting for all portfolios covered
- Analysis of risk on daily/weekly/monthly bases and timely communication of key points to senior management including regular deep dives into portfolios and review of exceptional trades and new business
- You will be responsible to manage the market risk reporting process and ensure the accuracy of key risk measurements
- You will analyse key trading strategies and products to ensure they are in line with RBCCM risk tolerance and objectives
- You are able to identify and communicate any deficiencies in risk process, document the gaps, and establish timelines for addressing
- You will be responsible to ensure limits are comprehensive, exhaustive, and relevant and all key risk metrics are monitored through the current report process
- You play a pivotal role in enhancing the GRM on desk risk systems and investigate risks to provide value-added insight and analysis to senior management on risk trends and concerns
- You liaise with GRM Model Vetting & Validation to ensure risk/valuation models are vetted appropriately
- End-to-end process of collating market risk data for measurement, analysis and subsequent reporting to senior management, regulators and traders other downstream users
- Develops, adjusts/ edits models as necessary to enhance risk team capabilities and impact risk team strategy
- Conducting deep dive analyses and gap analyses, and issue resolution
- Acting as a cross-team point of contact within the program on subject matter issues, and working with key stakeholders
- Assisting offshore team with functional requirements specification
- Contributing to working groups with diverse Business stakeholders to ensure requirements and priorities are successfully met
- Experience in risk implementations - market risk
- Exposure to systems, data and processes involved in generating market risk capital and P&L within an Investment Banking environment
Market Risk Analyst Job Description
- Provide insightful analysis into trading performance
- Offer input into trading strategy discussions with the front office through analysis
- Support the team in driving the continued relevance of MTM pnl methodology and the improvement of position reporting, pnl reporting and MTM processes in the BU in partnership with finance team
- Participate or lead selected risk team projects
- Developing presentation materials to demonstrate progress and guide meetings
- Understanding Market Risk profile of the Equities trading business (cash & derivative products traded by the business, risks generated by these products, their treatment under the FRTB)
- Reviewing/evaluating FRTB capital numbers
- Complete project/analysis requests
- Provides effective continuity of the Liquidity Contingency Plan of the Bank, creating and maintaining procedures to be tested during the year
- Measure and monitor market risk for control of commodity trading portfolios
- Bachelor’s degree in areas of Finance, Mathematics, Statistics, Computer Science, or Engineering (or a similar quantitative discipline)
- Team player capability of working independently
- Cover all stages of the review process, including identification, thorough investigation, discussing and agreeing solutions with relevant stakeholders and coordinating its implementation
- Strong communication skills with ability to articulate complex issues to management collaborate with various stakeholders across the bank, including IT
- At least 5 years Market Risk IT or Business Change experience
- Strong client and stakeholder management capabilities
Market Risk Analyst Job Description
- Investigation and timely escalation of limit excesses to the relevant approving authorities
- Ensure sound understanding of risk profile/liquidity strategies and escalate material risks, issues and vulnerabilities to relevant authorities
- Assist in limit requests – justification, market outlook, strategy, historical utilisation, impact to liquidity measures, stress loss
- Assist in preparing monthly risk commentaries for senior management
- Improve risk management processes and liquidity risk infrastructure to better control/monitor risks
- Design the long and short term strategies, processes and business intelligence structures (incl dashboards, processes and data pond) to enable insightful analysis into trading performance
- Finding new and existing data sources independently and working with IT on cooperation on the business’s long term business intelligence strategy
- Deliver exceptional insights
- Seek out industry best practice for trading performance analysis, visualization, and data analytics
- Providing superior risk analytics on trading performance post trade and risk assessment/ mitigation pre trade, through applying commercial acumen and deep business understanding
- Technically, the candidate must possess strong MS Excel and Access skills (preferably with VBA programming knowledge) and the ability to master a host of in-house IT applications
- Bachelor’s degree in the area of Finance, Mathematics, Statistics, Computer Science, or Engineering (or similar quantitative discipline)
- Market Risk Subject Matter expertise (VaR calculation, greeks, sensitivites)
- Experience of complex and vanilla products
- Interface with upstream data providers including LOB technology and business teams to understand and mitigate impacts from upstream data changes
- Highly collaborative and relationship-oriented