Market Risk Job Description

Market Risk Job Description

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Market risk provides support in improving the daily and monthly BAU workflow by automating and simplifying certain manual processes through Excel VBA.

Market Risk Duties & Responsibilities

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

Sample responsibilities for this position include:

Perform daily monitoring of valuations, position limits, Greeks, VaR, Stressed VaR, clean PnL etc for Trading Book (namely Foreign Exchange, Commodities, and Commercial Swaps)
Manage the work program for the QA application portfolio
Provide subject matter expertise (SME) to the test team
Create formulas and templates for estimating and planning test activities
QA Leadership – 40%
Liaising with various departments in the bank for regulatory purposes
Support design, implementation and testing of a Market Risk RWA stress testing framework for CCAR in conjunction with senior management at Risk, Front Office and Cluster managers
FIC, GAT, CF and BOLI - ABS, CMBS, Agency Mortgages, Non-Agency Mortgages
Development of robust risk management framework including all necessary risk measures and applicable limits
Production and analysis of independent risk reports for trading and senior management

Market Risk Qualifications

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

Licensing or Certifications for Market Risk

List any licenses or certifications required by the position: CFA, FRM, PRM, CISA, CISM, CISSP, BLS, CPR, ASQ, MBA

Education for Market Risk

Typically a job would require a certain level of education.

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

Skills for Market Risk

Desired skills for market risk include:

Financial markets
Financial products
SQL
VaR
Excel
Python
VBA
VBA and Access
MS Office Suite
Statistics

Desired experience for market risk includes:

An awareness of the Market Risk regulatory framework
The ability to work in a constantly changing environment
Ability to do the job on day 1 with minimal training
Experience in market risk management gained through being a market risk analyst or working in a market risk focussed Internal Audit role at a major investment/commercial bank
Experience of auditing or substantial exposure to internal audit
A degree-level education (or equivalent) in a numerate discipline – post graduate/ professional qualifications within a relevant field

Market Risk Examples

1

Market Risk Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of 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 market risk
  • Drilling into the trade, risk and market data inputs on a daily basis and comparing to the equivalent under the current Monte Carlo based VaR
  • Ad hoc (“What-if”) analyses VaR/EC/RWA impact of new trades
  • Work with key stakeholders (Risk, Finance, Global Markets Business and IT) to ensure all requirements surrounding the end-to-end process are clearly understood and appropriate
  • Own body of work, escalate issues to the Lead Business Analyst/Project Manager and where necessary, the appropriate governance structure of the program
  • Define test cases and support the testing activities to facilitate sign off prior to implementation
  • Maintenance of models to properly reflect changes in market environment deliver ad hoc analysis on a wide variety of market risk management topics
  • Develop, implement, and maintain risk management technology capable of collecting and analyzing balance sheet data
  • Assist in audit related queries adhoc requests from Risk Managers
  • Numerate degree or equivalent in Maths / Economics / Physics or related subject
  • Gather price, yield, spread and other rate and curve market data to analyze positions and input or update daily prices, verify off-market rate deals, research on current and historical market data with Bloomberg, Reuters, Asset Control, Broadridge, Star, Murex, Algorithmics and other internal and external systems, perform other valuation tasks
Qualifications for market risk
  • Undergraduate degree in economics, finance or mathematics
  • Strong knowledge of Investment Banking business
  • 7 + years of working market risk knowledge from working in market risk management, market risk production, or market risk technology
  • 7+ years of delivering projects that are closely aligned with business users/goals
  • Bachelor qualification in Commerce
  • Regulatory/compliance requirements
2

Market Risk Job Description

Job Description Example
Our company is searching for experienced candidates for the position of 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 market risk
  • Addressing requests on market risk related topics, VaR, PnL attribution
  • Monitor trading activities and exposures to ensure they are within defined Risk Appetite, approved policies, limits and Product Mandate
  • Produce risk reporting for trading and GRM management and ensure all material market risks are captured in the enterprise risk system(s) and reporting framework
  • Investigate risks to provide value-added insight and analysis to senior management on risk trends and/or emerging risks
  • Ensure risk factor inputs (prices, volatilities, correlations) and parameters used in the risk modelling of trading portfolios have appropriate independent validation processes
  • Provide analytical support to the business and Finance functions, particularly on complex derivative transactions and independent model validation activities
  • Ensure risk platforms used for risk capture are current and internally consistent
  • Manage the relationships with clients across the organization with the vendor
  • Identify opportunities for improvements within the counterparty risk system infrastructure
  • Interacting with the testing team, the vendors, and the project management group (developers, PMs, BAs, ) There would also be interaction with front office stakeholders
Qualifications for market risk
  • MS or equivalent with emphasis in finance, economics or a quantitative discipline
  • Other programming experience with at least one of the following language Matlab, R, C#, C++ is an important plus
  • Understanding of capital markets products (interest rate, FX, derivatives, ) and their “Greeks”
  • Bachelor/M.S
  • Develop deep understanding of valuation models employed by CVA and EMG Mgt
  • PhD in mathematics, computer science or financial engineering, or MSc in quantitative finance
3

Market Risk Job Description

Job Description Example
Our innovative and growing company is hiring for a market risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for market risk
  • Working closely with the Business, IT Departments, Controllers, Operations and your counterparts in other regions as part of a Global Team
  • Review and challenge assumptions underlying asset and liability management in the banking book the assumptiosn and practices for liquidity risk management, ensuring that the bank is complying with industry best practices and relevant regulatory guidance
  • Production, certification and analysis and reporting all financial data, risk and regulatory indicators of Mark for MAC partners and stakeholders
  • Developing an overview of the improvements planned for all aspects of the framework methodology, infrastructure, reporting
  • Assessing compliance with regulation, via identifying rule owners
  • Have strong derivative and product knowledge
  • Responsible for day to day supervision for a small team of associates
  • Provide insightful analysis into trading performance reviews with the commercial team
  • Offer input into trading strategy discussions with the front office
  • Drive assurance process over price assessments
Qualifications for market risk
  • In order to perform his/her task the analyst is required to demonstrate a strong knowledge of Equities products & valuation models (including structured derivatives) desk and business strategy (strong understanding of various Derivatives trading strategies used in Equities), the IT infrastructure & flow of data (from pricing models to reporting infrastructure & databases), macro-economic drivers of risk
  • Track record of sourcing and defining clear and comprehensive requirements, analytical and problem-solving skills, strong attention to detail and accuracy and timeliness of delivery
  • Ability to communicate successfully (written and verbal)
  • Experience in FRTB or similar regulatory capital calculation implementations
  • Sound knowledge of finance theory and products is a prerequisite
  • Good communication skills to discuss risk numbers with various stakeholders such as traders, senior risk managers, IT, Product Control, as required
4

Market Risk Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of market risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk
  • Assist in ensuring that all data related to the interest rate risk sensitive positions are properly reflected in the local analytical database built for the local Market Risk models
  • Supports the local Market Risk department in monitoring, measuring, reporting and highlighting risks and limits of the domestic Bank the local Bank Treasury
  • Report market risk for various trading portfolios and monitor relative to authorized limits on a daily basis
  • Validate the risk results produced from the overnight process, including checking position and price feeds as needed
  • Work closely with Accounting and IT to ensure trades are accurately captured and processed through the risk systems
  • Manage data feeds from peripheral systems for controls and accuracy of data in the daily risk processes
  • Work closely with the traders to understand trade strategies and communicate risk of positions
  • Perform what-if risk measurement to help traders with risk utilization
  • Maintain and improve risk systems either directly or through IT
  • Responsible for making sure all positions are model correctly by way of daily back testing the portfolio and curve validation
Qualifications for market risk
  • Attention to detail to allow the candidate to identify potential errors in Risk numbers
  • B.E (Computers)
  • Capture, monitor and understand all material risks in the portfolio and ensure these are reported accurately
  • Understand business P&L and risk drivers
  • A suitable candidate would be educated to degree level, preferably in a numerate subject
  • With relevant University level qualifications
5

Market Risk Job Description

Job Description Example
Our company is searching for experienced candidates for the position of market risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for market risk
  • Managing a Lead Manager direct report
  • Calculation of the quarterly IFRS Attribution-at-Risk indicator for VA dynamic hedging program
  • Quarterly calculation of Credit risk within the Short Term Economic Capital Model
  • Working with Pricing teams to improve Financial STEC modeling and understanding
  • Planning, execution of controls and delivery of Standard Formula approach under Solvency II
  • Leading the annual Solvency II Internal Model Use Test Assessment process
  • Market Risk analysis and reporting for the Treasury Department
  • Credit Risk excess and exposure reporting
  • Regulatory transaction reporting covering MIFID, EMIR, Dodd-Frank, MMSR
  • Daily controls of Treasury transactions
Qualifications for market risk
  • Working with senior stakeholders in MRM Equities to define the Book of Work and provide periodic updates leverage expertise in decision making
  • Numerate degree would be preferable (incl
  • Demonstrating deep understanding in your specialist field
  • The confidence and skill to interpret and discuss governance and regulatory principles with senior stakeholders
  • Experience with leading teams to deliver large, complex projects
  • Master’s degree in science, finance, or engineering plus five years of work experience in market risk management or a related role

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