Market Risk Associate

1 month ago


Chicago, United States Phaxis Full time

Our client, a major fintech firm in the Chicago area is growing the Market Risk team. They are looking for a Senior Associate to support the firm’s services including monitoring accounts for excessive risk with a focus on intraday risk management. You will also assist team leaders as a resource in problem solving, guiding departments and corporate projects. The Senior Associate will also develop materials for presentation to leadership, the Management Committee, regulators and auditors. The role requires independent judgment and a desire to appropriately challenge the current methodology.


Responsibilities:

  • Analyze market risk exposures for all products and accounts cleared by the firm
  • Monitor clearing members' trading positions and collateral for sensitivities to various risk factors using the the firm's market risk methodologies including Monte Carlo and Stress Testing.
  • Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools
  • Monitor current financial market conditions including corporate earnings and key economic announcements
  • Work collaboratively with other functions at the firm including the Quantitative Risk Management team and various IT teams
  • Develop tools and reports using large data sets to assist in the preparation of position and financial risk analysis and reporting

Qualifications:



  • Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
  • 2+ years of experience in capital markets, back-office operations or risk management.
  • Intermediate Microsoft Excel skills in addition to familiarity with Python scripting and Database technologies.
  • Experience in the Risk or Financial Clearance areas
  • Experience with Bloomberg API preferred.

Industry Certificates such as CFA preferred.


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