Market Risk Specialist

1 month ago


Chicago, United States JCW Full time

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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