Market Risk Specialist
1 month ago
Our client, a global financial services firm, is currently looking to expand their Risk department with a junior hire to join the team.
Key Responsibilities:
Risk Assessment and Analysis:
- Monitor and analyze market risks associated with the firm's trading positions, including interest rate risk, credit risk, foreign exchange risk, and commodity price risk.
- Use quantitative models to assess potential losses and evaluate risk exposure.
- Conduct stress testing and scenario analysis to predict potential adverse market movements.
Reporting and Documentation:
- Prepare daily, weekly, and monthly risk reports for senior management, highlighting key risk metrics such as Value at Risk (VaR), sensitivity analysis, and profit-and-loss attribution.
- Ensure that all risk-related documentation is accurate and up-to-date.
Risk Mitigation:
- Develop and implement risk management strategies to limit potential losses. Develop custom risk models and automate risk calculations using scripting languages like Python, SQL, or similar.
- Recommend hedging strategies and other risk mitigation techniques.
- Ensure compliance with regulatory requirements and internal risk limits.
Collaboration and Communication:
- Work closely with traders, portfolio managers, and other risk professionals to ensure alignment on risk-taking activities.
- Communicate risk exposures and concerns to senior management and the board.
Skills and Qualifications:
- At least 3 years of Risk experience with a degree in finance, economics, mathematics, or a related field. An advanced degree or professional certifications like CFA, FRM, or PRM may be preferred.
- Familiarity with risk management software, trading platforms, and tools like Excel, VBA, Python, or R.
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