Risk Analyst III

Our client is a top financial institution with significant North American holdings, operating across institutional & corporate, wealth management, private clients, commercial banking, treasury, and retail banking.

Contract Period: 6 months with potential to extend or convert
Pay Rate: Starting from $48 per hour
Location: New York, NY (onsite)
Business Hours: Monday-Friday, core business hours

Responsibilities

• On-board valuation models and data sources for Jumbo Whole loans and securitization of non-agency MBS
• Validate risk results, enhance risk factor coverage, risk metrics generation, and stress scenarios definition
• Maintain a strong culture of risk management and control, supported by effective processes aligned with the enterprise risk appetite
• Analyze daily market risk positions through quantitative and qualitative risk assessments, validate accuracy of reporting, and provide high-quality insights and recommendations; present findings to management
• Develop, implement, and maintain standards, policies, and processes to identify, measure, report, and mitigate market risk exposures
• Perform in-depth risk analysis on non-agency MBS and related products, including exposure monitoring, sensitivity analysis, and performance drivers (e.g., spread risk, optionality, prepayment and credit dynamics)
• Proactively identify emerging risks, aggregate key exposures, and escalate material issues to appropriate governance forums
• Support business partners with risk analysis and reporting, including scenario analysis and stress testing across market environments
• Contribute to enterprise-wide risk escalation, review, approval, and assessment processes
• Apply a strong understanding of the firm’s risk appetite, including statistical analysis and development of consistent risk measurement methodologies
• Continuously monitor and assess risk trends, concentrations, and vulnerabilities across portfolios
• Engage with stakeholders to enhance understanding of market risk, particularly as it relates to structured products and non-agency MBS
• Assist in the maintenance and improvement of risk management policies
• Lead moderately to highly complex projects or functional programs with significant risk and resource considerations
• Solve complex, multi-variable problems requiring judgment, analysis, and stakeholder engagement
• Interpret policies, standards, and analytical outputs to inform senior-level decision making
• Operate independently as a senior technical lead, guiding others and driving resolution of complex issues

Requirements

• Bachelor’s degree in finance required
• 4+ years of market risk management experience required
• Demonstrated experience with non-agency MBS, structured credit products, or securitized assets strongly preferred
• Knowledge of market risk assessment and management frameworks
• Experience with risk modeling tools and methodologies
• Effective written and verbal communication skills
• CFA or FRM designation
• Python