Market Risk Senior Technical Lead Analyst

Hybrid work model: 3 days onsite in Jersey City, NJ and 2 days remote. Temporary-to-hire role with an estimated duration of 6 months.

About the role

We are seeking a Market Risk Senior Technical Lead Analyst to manage and refine market risk platforms, automate processes, and provide strategic risk insights within a financial services institution.

Responsibilities

• Manage and optimize market risk platforms to ensure robust performance, data quality, and scalability.
• Develop automation and technical solutions using Python and SQL to streamline manual processes and build new risk analytics tools.
• Compute, analyze, and validate market risk metrics (Value-at-Risk, Stress Tests, Scenario Analysis) for various asset classes.
• Act as a data steward to define data quality expectations, validate data integrity, and lead remediation efforts for data risks.
• Lead the design, development, and implementation of high-performance, scalable market risk systems.
• Collaborate with Front Office, Risk Managers, and Technology partners to define and enforce risk limits, providing actionable insights on volatility and hedging strategies.
• Lead User Acceptance Testing (UAT) for system upgrades, regulatory compliance changes (e.g., FRTB), and new product onboarding.
• Engage with Risk Managers, Quants, Front Office traders, and technology teams to ensure risk systems meet business needs.
• Streamline existing risk reporting processes through automation.
• Mentor junior developers and analysts to foster technical growth within the team.

Requirements

• Bachelor’s degree in computer engineering, Finance, Mathematics, or a related quantitative field. Master’s degree preferred.
• 10+ years of experience in market risk management, quantitative risk analytics, or front-office technology within a financial services institution (investment bank, asset manager, or hedge fund).
• Demonstrated track record of leading complex, cross-functional technology programs in a risk or trading environment.
• Hands-on experience with the full software development lifecycle (SDLC) in a risk technology context.
• Deep understanding of financial products across asset classes: Equities, Fixed Income, Foreign Exchange, Commodities, and Derivatives.
• Strong command of market risk methodologies: VaR (Historical, Monte Carlo, Parametric), Expected Shortfall (ES), Greeks, Stress Testing, and Scenario Analysis.
• Solid knowledge of regulatory frameworks: FRTB, Basel III/IV, CCAR, ICAAP, and applicable local regulatory requirements.
• Advanced proficiency in Python for data analysis and automation scripting (10+ years).
• Advanced SQL skills for complex query writing and data modeling (10+ years).
• Experience with Power BI, Tableau, or equivalent BI tools for risk reporting dashboards (10+ years).

Qualifications

• Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are a strong advantage.

Skills

• Analytical problem-solving: Ability to decompose complex, ambiguous risk problems into structured analytical frameworks.
• Exceptional communication and influence: Ability to convey technical risk concepts to diverse audiences, from traders to C-suite executives.
• Leadership and ownership: Strong ownership mentality, driving accountability and inspiring confidence across cross-functional teams.
• Adaptability and resilience: Thrives in dynamic, high-pressure environments with competing priorities and regulatory deadlines.
• Stakeholder management: Skilled at building and maintaining trusted relationships with senior stakeholders across Front Office, Risk, and Technology.
• Continuous improvement mindset: Proactively seeks opportunities to optimize processes, modernize technology, and elevate team performance.

Pay

Hourly rate: $80.00 – $92.00.