Overview
A US-headquartered self-clearing broker-dealer and brokerage infrastructure provider is seeking a Market Risk Analyst to join their growing Risk team. The organization serves hundreds of financial institutions across 40 countries with institutional-grade APIs, supporting broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges with over 9 million brokerage accounts.
Responsibilities
- Design, implement, and monitor risk limits for new products.
- Perform daily monitoring of Value-at-Risk (VaR), stress testing, and sensitivity analysis.
- Collaborate with Engineering and Product teams to refine and stress-test the Margin engine, ensuring margin requirements accurately reflect cross-product offsets and tail risks.
- Assist in the design and roll-out of the Enterprise Risk Management (ERM) framework, including defining Risk Appetite Statements (RAS), maintaining the Risk Register, and developing Key Risk Indicators (KRIs).
- Act as the risk lead for new product launches, identifying unique risks associated with event-based binary outcomes and liquidity fragmentation.
- Develop forward-looking stress testing and scenario analyses, including "black swan" events, to assess impacts on capital and liquidity.
- Support Operational Risk assessments, internal audits, and regulatory reporting requirements.
- Build automated risk dashboards and reporting tools using SQL and Python to provide real-time insights to senior management.
Requirements
- 2–5 years of experience in Market Risk, Middle Office, or Quantitative Analysis within fintech, hedge fund, or high-frequency trading environments.
- Deep understanding of derivatives (Futures/Options) and margin mechanics.
- Experience with Prediction Markets or event-driven trading is a significant plus.
- Solid understanding of the "Three Lines of Defense" risk governance model.
- Proficiency in SQL and Python (or R) for data analysis and risk model development.
- Strong problem-solving skills, especially in defining risk parameters for novel products without established benchmarks.
- Ability to communicate complex quantitative risks clearly to non-technical stakeholders and executive leadership.
- Degree in a quantitative field such as Finance, Mathematics, Physics, Economics, or Engineering.
- Financial Risk Manager (FRM) or CFA designation is a plus.
Preferred Qualifications
- Experience in a high-growth startup environment.
- Direct experience with SPAN or TIMS margin methodologies.
- Familiarity with regulatory frameworks such as SEC/FINRA, CFTC, or international equivalents related to margin and capital requirements.
Compensation & Benefits
- Competitive salary and stock options.
- Health benefits.
- One-time USD $500 home-office setup allowance.
- Monthly stipend of USD $150.
Location
This is a globally distributed team with members across the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and other countries. Remote work is supported.