Financial Risk Analyst

7 days ago


Evanston, Illinois, United States Magnetar Full time
About Magnetar

Magnetar is a leading, global alternative asset manager with a significant presence in the financial industry. With a strong focus on delivering positive outcomes for investors, we leverage our expertise in Alternative Credit and Fixed Income, Healthcare, and Systematic Investing to generate consistent performance across various market conditions.

We are a dynamic and innovative organization, based in the United States, with additional offices in key financial hubs. Our team is comprised of highly skilled professionals who are passionate about their work and committed to delivering exceptional results.

Our Culture

We foster a collaborative and inclusive environment that empowers employees to thrive. Our employees are among the best in the business, and we invest in their health, well-being, and professional development. We offer a comprehensive benefits package, including premier healthcare benefits, a 401(K) savings program with employer match, unlimited PTO, and access to mental and physical wellness programs.

We are purposeful about creating a workplace culture that values diversity, equity, and inclusion. Our employees have the opportunity to participate in employee affinity groups, which provide a platform for networking, professional development, and community engagement.

Job Overview

As a Jr. Risk Analyst, you will play a critical role in supporting all aspects of risk monitoring and reporting in the Alternative Credit and Fixed Income Pillar. Your responsibilities will include:

  • Producing accurate and informative risk reports using our proprietary risk models
  • Providing a detailed understanding of significant changes in risk measures
  • Collaborating with software developers to develop and maintain risk tools
  • Collaborating with the risk team and portfolio managers in developing and improving risk models for complex instruments
  • Conducting data analysis to improve our risk framework
Qualifications

To be successful in this role, you will need:

  • A bachelor's or master's degree in a quantitative field (Econ, Math, Statistics, Finance, CS)
  • Knowledge of fixed income and credit instruments and trading strategies
  • 1-2 years of work experience in financial markets
  • Proficient knowledge of programming or scripting using Python or C#
  • Excellent analytical and quantitative skills
  • Proficiency in Excel
  • Basic understanding of options pricing theory and hedging
  • Ability to analyze large datasets using SQL
  • Disciplined self-starter with ability to make well-balanced decisions and solve problems under pressure
  • Strong communication skills and the confidence to challenge existing methods
  • CFA designation is a plus but not required


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