Quantitative Risk Analyst Job Description
Quantitative risk analyst
provides attestation to the validity of financial results and highlight significant information including variances, trends, opportunities and exposures to the Relationship Manager/Senior Manager, Financial Performance Management.
Quantitative Risk Analyst Duties & Responsibilities
To write an effective quantitative risk analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included quantitative risk analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Program, test and implement quantitative financial methods using C++, Python, Matlab/R, and SQL
New trade verification
Participate as a reliable and pro-active member of the team
Use and interpret a wide range of Front Office systems, Murex, Avid/Diva and Bloomberg
Develop and maintain good communication with colleagues in related departments such as Trading, Middle Office, Risk Management, Audit, IT, Finance and Operations
Ownership of credit reporting, including review, optimisation and automation of existing reports to aid portfolio risk understanding and strategy development
Maintenance of credit policy changes and analytical tracking of the impact of changes
Monitoring and validation of the various scoring models used globally
Developing and maintaining a strong understanding of regulatory requirements in all jurisdictions related to credit risk, AML and model building
Identify new opportunities to enhance existing credit decisions and risk management processes through the use of analytical and statistical models and tools
Quantitative Risk Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Quantitative Risk Analyst
List any licenses or certifications required by the position: FRM, CFA, PRM, CQF, PMP, CPA, ISA, QSA, CISA, CISM
Education for Quantitative Risk Analyst
Typically a job would require a certain level of education.
Employers hiring for the quantitative risk analyst job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Mathematics, Statistics, Finance, Engineering, Physics, Economics, Sciences, Management, Computer Science, Quantitative Finance
Skills for Quantitative Risk Analyst
Desired skills for quantitative risk analyst include:
Statistics
Econometrics
Financial mathematics
Stochastic calculus
Machine learning
R
Industry best practices to quantify risk and aggregate exposures
Python
SAS
Financial markets and products
Desired experience for quantitative risk analyst includes:
Strong technical aptitude and the ability to easily learn new technology
Experience in gathering and developing detailed functional requirements
Knowledge of cross asset class financial instruments modeling and pricing (equity/FX options, bonds, futures, interest-rate swaps, CDS)
Qualification in Quantitative Finance
Skills include excellent product knowledge
Modelling the joint evolution of the stochastic risk factors underlying derivative trades across asset classes
Quantitative Risk Analyst Examples
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Quantitative Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a quantitative risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quantitative risk analyst
- Apply advanced machine learning techniques to identify investment opportunities from structured and unstructured data sets
- Develop and specify the internal market risk models and time series
- Understand risk models (ES/VaR & RNIV) currently in use and the proposed regulatory changes
- Collaborate closely with the data team to ensure that the historical data used in all calculations are appropriate
- Develop and enhance stress testing methodology to satisfy various regulatory requirements (CCAR/DFAST/ICAAP)
- Responsible for Independent Model validation and performance monitoring such as assessing the conceptual soundness, evaluating model assumptions and data integrity, testing model numerical, statistical, and/or computational accuracy, performing outcomes analysis, and reviewing model governance and control process
- Verify model performance, correct implementation, limiting behaving, and response to stress/extreme input condition-stress testing
- Support relationship with regulators and internal audit
- Validates risk rating models across the bank
- Assesses a model back-testing process
Qualifications for quantitative risk analyst
- Familiar with vendor systems, QRM, BlackRock Aladdin, MUREX, Moody’s Risk Frontier, etc
- Familiar with vendor systems, QRM, BlackRock Aladdin, MUREX, MOody's Risk Frontier
- Ability to show good judgment of risks and an understanding of risk areas covered, including markets, models and products
- Ability to develop strong working relationships and to communicate clearly, both in writing and verbally
- Experiences in the following will be an asset
- VAR & CVA
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Quantitative Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a quantitative risk analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for quantitative risk analyst
- Represents the Fixed Income risk management practices and policies to investment professionals and external clients / parties
- Develops risk management and surveillance solutions
- ODevelops risk methodology and scenario analysis capabilities to enhance risk assessment in Fixed Income portfolios
- ODevelops top down and bottom up portfolio risk reports to identify and monitor the major risks in portfolios
- OEvaluates, maintains, and validates third party analytic systems (attribution, tracking error, ) and valuation models (interest rate, prepayment, credit)
- OPerforms quantitative analyses and provides recommendations to develop system solutions required for client, internal and regulatory risk analysis
- Model risk management activities include, but are not limited to, model validation such as assessing the conceptual soundness, evaluating model assumptions and data integrity, testing model numerical, statistical, and/or computational accuracy, performing outcomes analysis, and reviewing model governance and control process
- Document and present observations to the AMRM team and to model owners and users, recommend management action plans, and track remediation progress
- Develop tools for portfolio analytics (cash, sensitivities, prices)
- Collects, analyzes, and interprets financial data
Qualifications for quantitative risk analyst
- Suitable candidates will have an excellent academic background, including a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering (or equivalent), higher degree or PhD related to any of the above areas
- Strong knowledge of pricing complex derivatives and performing advanced statistical analysis on underlying risk factors (returns’ distribution, volatility, correlations)
- Preference will be given to candidate who can demonstrate the ability in developing risk models like Historical VaR, Monte Carlo VaR, Multi-Factor Risk Models, Stressed VaR, Liquidity Risk models
- The candidate should also have had academic experience in probability theory, stochastic processes
- Extensive knowledge of financial markets, products, methodologies and financial analytics including an understanding of the key concepts of derivative instrument pricing and risk measurement
- A major in mathematics, statistics, industrial engineering, accounting, economics, business administration, finance, or other fields related to the financial services industry
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Quantitative Risk Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a quantitative risk analyst. 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 quantitative risk analyst
- Interact/Liaise with model users, developers, model reviewers IT and Implementation team
- Build and program monitoring templates in a determined monitoring framework
- Developing risk assessment scoring models and workflow tools, including development, testing, quality assurance, deployment, and maintenance
- Assisting in further development of OFAC risk analytic techniques and data management strategies
- Leverage understanding of the fundamentals of interest rate risk management to evaluate ALM measurement techniques
- Provide effective challenge on key model inputs, and perform assumption sensitivity on key variables
- Coordinating weekly meetings to communicate important updates to the Chief Market and Liquidity Risk Officer
- Ad-Hoc analysis on a wide variety of interest rate/FX risk projects
- Research and develop models for asset valuation and return forecasting
- Assist senior quantitative analyst with development and back testing of quantitatively oriented investment strategies
Qualifications for quantitative risk analyst
- Assist in the provision of quantitative outcomes required to achieve excellent audit outcomes
- Prepare audit documentation on quantitative issues & explicit role in liaising with auditors as a quantitative SME as required
- Clear communication of quantitative concepts to support mandate & alignment of team to a common objective
- Maintaining current and detailed knowledge of financial mathematics (and related mathematical and statistical fields)
- Maintaining current and detailed knowledge of the application and implementation of relevant models and approaches
- The ideal candidate should have strong previous experience gained in a similar role at a banking institution
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Quantitative Risk Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of quantitative risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quantitative risk analyst
- Work closely with business units on new analytics requirements
- Conduct Independent Model Reviews and Model Validations
- Contribute to the operational running, maintenance and upgrade of this program once implemented
- Contribute and play a major role in other aspects of regulation including derivatives risk management and stress testing, as they develop
- Contribute to CSIM’s multi-faceted Investment Risk Management Team by applying your own unique education and experience to problem solving
- Risk Driver Simulation tool re-design and development
- Proactively conducts portfolio reviews to identify key risks in portfolios
- Advises Portfolio Managers on the risk characteristics of their portfolios
- Communicates ideas and recommendations to Portfolio Managers to influence portfolio construction decisions
- Performs quantitative analyses and provides recommendations to help formulate internal portfolio risk guidelines
Qualifications for quantitative risk analyst
- Strong C++ or related language skills
- Excel / Access VBA skills
- A keen interest in regulation
- Review, verify and validate financial models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring contribute in the firm-wide model risk and control assessment
- A university degree (PhD or MSc) in a quantitative field (econometrics, mathematics, physics or engineering)
- Review the appropriateness of methodologies, modeling choices, assumptions, parameters and data inputs
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Quantitative Risk Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of quantitative risk analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quantitative risk analyst
- Undertakes a variety of ad hoc analytical projects as needed to support Enterprise Risk Business Unit
- Will work with more seasoned individuals in the team to solve complex issues
- Lead Enterprise Analytical Engagements, including the development of models and analytical tools, production of impeccable documentation and interaction with the Model Risk Management team
- Support the fixed income investment teams by providing effective and relevant analysis
- Maintain and enhance the measurement and reporting of risk and performance – both quantitative and qualitative
- Generate appropriate analysis to ensure that the drivers of fund performance are understood
- Enhance the workflow efficiency of the risk management team through internal coding and software development
- The role is in the Financial Model Risk team which assesses and quantifies the model risk of derivative pricing, market risk (VaR), ALM behavioural and Pillar 2 internal capital models in the bank
- Results Focus – Level 1 - Maintains a clear focus on agreed goals to achieve expected results
- Teamwork and Collaboration – Level 1 - Contributes fully, shares information, ideas and opinions – never a solo player
Qualifications for quantitative risk analyst
- Strong knowledge in MS Excel, PowerPoint and data mining tools (Access, SQL, SAS, Tableau, BO)
- Excellent scientific and technical presentation skills, assertiveness and influencing skills
- Must be extremely focused, detail oriented, results oriented and highly productive
- Minimum of 2 years quantitative analytics experience in the Energy industry
- Proven experience in a quantitative finance environment, preferably in a market risk or counterparty risk modelling capacity
- An advanced Master's degree in mathematics, finance, computer science, statistics, operational research, or other quantitative fields