Associate, Market Risk Analyst

New York,

2 Years Experience

Competitive + Bonus

We are looking for a motivated Market Risk Analyst with 2 years of experience in risk management with an emphasis on equities. This role will supporting the Market Risk Management department’s work in monitoring and managing risk in both domestic and international markets in a highly dynamic working environment. This position offers the opportunity to work closely with trading desks and senior risk managers, contributing to the firm’s ability to identify, assess, and mitigate market risk across a broad range of strategies, predominantly in equity and equity-linked instruments, though the role also includes exposure to credit and event-driven strategies along with fixed income products. The ideal candidate will combine strong technical expertise with proficiency in SQL and have a solid foundation in risk management principles and financial markets. Additionally, high attention to detail and adherence to internal risk policies and regulatory standards are required.

What You’ll Do

• Monitor real-time and end-of-day market risk exposures across domestic and international equities trading desks, identifying key trading strategies and risk drivers.
• Support model integrity and back testing as needed for risk controls, including VaR and various stress metrics.
• Analyze and validate equity stresses, Greeks, and VaR results to assess portfolio risk.
• Build, streamline, and maintain risk reporting tools using GUI, SQL, Excel/VBA (or Python), and internal AI tools to support daily and weekly risk summaries.
• Prepare daily and weekly risk summaries and support monthly and ad hoc reporting for senior risk management and regulators.
• Collaborate with front-office trading desks to review limit usage and trading strategies, considering market developments.
• Proactively monitor and investigate trading activity that deviates from expected desk strategy in front-office trading systems.
• Track and reconcile P&L attribution against risk factor movements and investigate unexplained variances.
• Support multiple products/strategies including equity options, event-driven/risk arbitrage deals, domestic and international OTC market making, equity swaps, index basket trading, and convertible bonds.

What We’re Looking For

• Bachelor’s degree in Finance, Economics, Mathematics, Computer Science, or related discipline.
• 2 years of experience in market risk management with specific exposure to equity related risk.
• Strong programming skills, particularly in SQL, for data analysis and reporting.
• Solid understanding of market risk concepts such as VaR, stress testing, Greeks, duration, and liquidity risk.