Market Risk Analyst Jobs

Responsible for contributing to the overall quality of Market Risk Management across the Bank, working in the second line of defense, to provide analytics support for the monitoring of the Bank’s Interest Rate and Liquidity Risk exposure. As a member of the Bank’s overall Enterprise Risk Management team, this position will also have the opportunity to work in analytics across ERM verticals which monitor risk across various other Basel risk categories (e.g. Strategic Risk, Credit Risk, Operational Risk etc.).

Essential Job Functions:

• Provides independent analytics support to the Market Risk team using tools such as SAS, R, Python, PL/SQL, Power BI, etc.
• Designs independent methodologies to regenerate existing key risk indicators or to gauge the integrity of the key risk indicators related to Market and Liquidity Risk, as provided by the designated risk owner.
• Continuously monitors Key Risks and related Key Risk Indicators to ensure the business is operating within stated Risk Appetite and taking appropriate action to respond to Risk Appetite breaches.
• Performs control testing for operational processes related to the Bank’s Market and Liquidity risk areas.
• Performs advanced queries (SQL) against existing data repositories and utilizes technical analyses to support Corporate Risk Management’s view of Market and Liquidity Risk at the enterprise level.
• Maintains good punctuality and attendance to work.
• Proactively analyzes various data sources to form an independent assessment/opinion of market and liquidity risk.
• Provides effective challenge by assessing the plausibility of the Bank’s inputs, assumptions, and results of its ALM solution (Empyrean).
• Documents workflows and procedures supporting the governance related measuring, monitoring, analyzing, and reporting risk in the context of the risk appetite framework.
• Follows Bank policy, procedures, and guidelines.
• Monitors the Bank’s Market Risk exposure related to Asset Liability Management (ALM), investment and trading portfolio activities and funding and liquidity risks, developing daily, monthly, and quarterly analysis for reporting to the 2nd and 1st lines of defense.
• Regularly exercises discretion and judgment in the performance of essential job functions.
• Leverages existing or creates new supplemental measures that support and inform key risk indicators to provide greater transparency around risk triggers and risk drivers.

Knowledge, Skills & Abilities:

• Ability to demonstrate effective data/quantitative analysis skills.
• Ability to work without close supervision.
• Ability to maintain attention to detail.
• Knowledge of the financial services regulatory environment.
• Ability to work effectively in a team environment.
• Knowledge of banking operations and financial services.
• Knowledge in SAS, VBA, R, Python, PL/SQL and/or Power BI.
• Ability to work extended hours.
• Ability to produce “Board quality” documents, presentations, and analysis.
• Ability to effectively break down complex matters into core issues and root causes that can be more readily addressed.
• Ability to demonstrate effective organization, critical thinking, analytical, and problem-solving skills.
• Ability to demonstrate initiative to accomplish work objectives.
• Ability to demonstrate effective time management skills.
• Ability to communicate effectively both verbally and in writing
• Ability to work effectively and demonstrate flexibility in a continually changing environment.
• Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.
• Ability to maintain confidentiality.
• Skill in using computer and Microsoft Office, including Outlook, Word, Excel, and PowerPoint.

Equipment Used in Job Performance/Working Environment:

• Multi-function device
• Computer
• Telephone

Major Job Demands:

• Decision-making
• Problem-solving

Note: This description is not an exhaustive list of all job functions, duties, skills and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.

Position Requirements:

Basic Qualifications:

• Bachelor’s degree in business, finance, statistics, or mathematics, or commensurate work experience, required; Master’s degree or higher preferred.
• Minimum of one (1) year of work experience as an analyst in a financial institution preferred.