Associate, Market Risk Job Description

Associate, Market Risk Job Description

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Associate, market risk provides recommendation for transactions approvals, determine initial margin requirements and haircuts on capital markets products (including: interest rate swaps, repos, foreign exchange).

Associate, Market Risk Duties & Responsibilities

To write an effective associate, market risk job description, begin by listing detailed duties, responsibilities and expectations. We have included associate, market risk job description templates that you can modify and use.

Sample responsibilities for this position include:

Develop and maintain complex MS Excel macros and MS Access databases used for offline reporting and control purposes
Deep diving on specific products to back up senior colleagues on risk discussions
Calculating utilization of potential transactions and determining impact to limits
Understanding various risk measures used to determine the market risk profile of the portfolio, specifically Value At Risk (VAR), Stress testing, non-statistical, and qualitative risk assessments
Participate with risk coverage colleagues globally in establishing guidelines, standards and best practices for Global Treasury risk management including the technology agenda
Partner with the Front Office, Finance, Valuation Control Group, Model Review Group, Policy, Finance, Technology and Middle Office
Developing a thorough understanding of the EMEA CVA/FVA book in terms of Risks, VAR and Stress
Be immersed in the global financial markets
Provide support to risk managers for ongoing monitoring and reporting of risk exposures for the Securities Prime Brokerage and Equity Finance businesses
Coordinate with technology to improve risk system capabilities in performance, reporting, and data

Associate, Market Risk Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Associate, Market Risk

List any licenses or certifications required by the position: CFA, FRM, PMBOK, PMP

Education for Associate, Market Risk

Typically a job would require a certain level of education.

Employers hiring for the associate, market risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Engineering, Mathematics, Economics, Statistics, Physics, Graduate, Business, Math, Sciences

Skills for Associate, Market Risk

Desired skills for associate, market risk include:

Bonds
Foreign exchange
Forwards
Futures
Swaps
Excel
Collections/workout
FX & credit products in general
Financial markets and interest rate
SQL

Desired experience for associate, market risk includes:

Strong quantitative and analytical background with an understanding of fixed income and fx instruments
Engaging in market risk analysis of fixed income / equity / macro products for portfolios and individual trades
Developing price verification models
Implementing new models providing ongoing testing and support for existing models
Excellent command of mathematics, modeling and numerical algorithms
Highly motivated and intellectually curious individual with at least 1-2 years of relevant industry experience

Associate, Market Risk Examples

1

Associate, Market Risk Job Description

Job Description Example
Our company is looking to fill the role of associate, market risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, market risk
  • Monitoring of local market risk positions – with the aim to identify material risks, concentrations and tail risks to ensure no surprise
  • Work with Risk Reporting team to ensure processes are established to provide accurate risk reporting for the entity to support location governance and regulatory requirements
  • Effectively handle MAS onsite and offsite inspections/examination
  • Within Market Risk and Capital Analysis, the position is to be primarily responsible for the independent market risk management of activities within the Merchant Banking Division and Special Situations Group
  • Ensuring appropriate coverage of large equity and debt businesses trading both franchise and proprietary positions
  • Improve knowledge base via close interaction with traders and trading strategists
  • Freedom to innovate in design of risk reports and risk measures
  • Dedicated risk technology & modelling support
  • Participate in weekly stress testing processing - partnering MRM, LOB Finance groups and MRI technology
  • We are responsible for assessing and quantifying model risk -- the risk associated with the choice of models that are used to price non-vanilla, XOT, complex derivative transactions
Qualifications for associate, market risk
  • Experience in market risk management preferred
  • Demonstrate an interest in understanding financial markets, risk, and investment management
  • Exposure to operational risk management desirable
  • Experience with market risk concepts, CCAR experience a plus
  • Able to work extended hours and weekends if necessary
  • Proven experience within Risk/Audit with an appropriate level of exposure to Risk Management
2

Associate, Market Risk Job Description

Job Description Example
Our company is looking to fill the role of associate, market risk. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for associate, market risk
  • Build relationships with regulators through interactions such as addressing inquiries, reporting, and inspection
  • Under direction of senior staff (typically Sr
  • Maintain dialogue with trading desk on trading strategies, market development, and limit utilization
  • Communicate key risks to management as required
  • Reinforcing the quality of daily, weekly comments and bi-monthly to provide to FO, RISK and FIND / DIR Volcker Metrics reporting and monitoring
  • Production of KPIs WW (Following rates validation in Craft for MPC, FO, and following the adjustments of P&L WW, Off Market Price & Fighting Back Controls)
  • Follow up the production issues
  • Standardize process and organization of MPC/FIC/ Amer Daily P&L and WW
  • Maintaining and improving communication inside MPC/FIC/ Daily P&L WW and sharing the best practices with America / Asia / London
  • Following transversal projects of FIC (IA3, AERO, CSA, CVA, OMP)
Qualifications for associate, market risk
  • 3+ years of relevant experience in the financial and capital markets in a risk management capacity
  • VP / Senior Associate level
  • Willingness to learn about market risks associated with counterparty and funding risk hedging
  • At least 3-5 years experience in Equities related risk management or Trading Desk experience
  • Strong quantitative background and understanding of derivatives modeling
  • Ability to troubleshoot model outputs (sensitivity, stress, ), process large amounts of data efficiently, and understand the context and implication of the work
3

Associate, Market Risk Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of associate, market risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, market risk
  • Participating to improve the quality of the Income attribution for FIC desks
  • Working with the monthly teams on month end issues
  • Broad exposure to pricing and market data calibration models, risk and capital models for a variety of products
  • Involvement in critical internal risk management practices, and provision of data to both internal and external clients
  • Aggregation and interpretation of risk for senior stakeholders
  • Lead the methodology development, analysis and documentation for CCAR related requirements specifically related to market risk RWA projections
  • Participate in the methodology development and implementation for CCAR related requirements, including but not limited to market risk RWA, IDR projection, stress loss projections(non-trading book securities), CCR/CVA capital calculation and CCR exposure
  • Contribute to the annual CCAR submission/reporting
  • Help to ensure emerging risks are identified and highlighted in the proper forum, senior methodology governance committee
  • Participate in the formulation of remeditation and implementation plans with respect to the Fed's matters requiring attention(MRAs)
Qualifications for associate, market risk
  • Degree in a Finance, Economics, Statistics, Engineering, Computer Science or related field
  • Strong C++ and/or Python development skills, experience with numpy, scipy or pandas
  • Strong understanding of various risk and quantitative and statistical methods including expected loss, VAR, CTE, and the application of risk appetite concepts to govern decision making, strong data base skills
  • Familiarity with various regulatory mandates is a plus
  • Understanding of investment bank product accounting
  • Expertise in non-linear trading instruments
4

Associate, Market Risk Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of associate, market risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, market risk
  • Providing subject matter expertise and decisions as related to interpretation and understanding of trading, regulatory and exchange rules
  • Determining business requirements for new products and processes
  • Coordinating IT development/enhancements with Product Groups as it relates to turnovers required to address trading, regulatory and exchange rules
  • Acting as key coordinator regarding centralizing discussions between IED, Technology, Firm Risk Management, Legal, Compliance and Operations
  • Coordinating projects for relevant business initiatives with significant risk impact
  • Performs necessary credit analysis, due diligence, and review of documents for new transactions and monitors/manages ongoing performance/risk of accounts within his/her assigned portfolio of GHHN clients under direction of senior staff (typically Sr
  • Daily reporting and monitoring of market risk positions - with the aim to identify material risk exposures and concentrations
  • Experience working with Financial Regulators or E-Trading is a plus
  • Identify, investigate, analyze and explain SVaR and other risk metrics to provide commentary on key drivers
  • Develop analytics and summarize and communicate issues impacted by economic/position data, market data, feed, model methodology and/or operational issues
Qualifications for associate, market risk
  • Developing, refining and maintaining models and analytics (such as value-at-risk, regulatory required testing and capital models)
  • Strong quantitative skills with a Ph
  • Good existing knowledge of financial markets, preferably in either Mortgages, Credit and interest rates (including derivatives)
  • Experience in financial markets, with familiarity in derivatives eg
  • Strong knowledge of financial markets (commodities specific knowledge preferred), including derivatives
  • Previous experience in Risk Management or Commodities-related activities
5

Associate, Market Risk Job Description

Job Description Example
Our company is looking for an associate, market risk. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for associate, market risk
  • Develop working relationships with internal stakeholders across MRQR, MRMO, Finance, MRR, RCMO and others
  • Support the effort to further develop and refine tactical calculation and reporting capabilities for FRTB market risk capital
  • Develop interest rate risk reporting capabilities for senior management, committees and regulators
  • Develop and maintain important internal and external relationships
  • Interest rate risk appetite and limit approval
  • Limit monitoring and limit breach escalation
  • Ad-hoc analysis to inform interest rate risk mitigation strategies
  • Develop capabilities for sensitivity testing of key methodological assumptions on a periodic basis
  • Assist with documentation of assumptions, methodologies and processes required for the Firm’s IRRBB initiative
  • Develop policies required to effectively govern interest rate risk in the banking book, which address regulatory requirements and the Firm’s interest rate risk management priorities
Qualifications for associate, market risk
  • Good project management skills and attention to details
  • Excellent oral and written communication skills as analysts will deal directly with clients to CIO level, investment consultants and internal personnel
  • Strong numerical, maths and stats skills
  • Previous experience in risk analyst role or similar function
  • Proven understanding of investment process, financial markets and instruments
  • Good knowledge of risk methodologies, reporting, standards and regulation

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