Associate-Market Risk

This role is for one of the Weekday's clients

Salary range: Rs 2000000 - Rs 4000000 (ie INR 20-40 LPA)

Requirements

Key Responsibilities:

• Perform comprehensive market risk analysis for portfolios across different asset classes, including equities, fixed income, derivatives, and structured products.
• Develop, validate, and maintain quantitative models to measure market risk exposures, including Value at Risk (VaR), stress testing, scenario analysis, and sensitivity analysis.
• Monitor and report market risk positions, exposures, and limit breaches on a regular basis, providing actionable insights to senior management.
• Assist in the implementation and enhancement of risk frameworks, methodologies, and policies in line with organizational and regulatory requirements.
• Collaborate closely with front office, finance, and compliance teams to ensure accurate risk measurement, reporting, and adherence to internal controls.
• Conduct periodic backtesting and performance analysis of risk models to ensure robustness, accuracy, and regulatory compliance.
• Support regulatory reporting requirements by preparing risk-related reports and documentation for internal and external audits.
• Contribute to continuous improvement initiatives, including automation of risk processes, enhancement of reporting dashboards, and integration of new risk analytics tools.
• Stay updated on market trends, regulatory changes, and emerging risk practices, providing recommendations for risk mitigation and policy improvements.
  

Qualifications and Experience:

• Bachelor's or Master's degree from a Tier-1 institute in quantitative disciplines such as Mathematics, Statistics, Engineering, or Quantitative Economics.
• 3-5 years of hands-on experience in market risk management, preferably in a financial institution, investment bank, or asset management firm.
• Strong knowledge of market risk concepts, methodologies, and frameworks, including VaR, stress testing, and risk limits.
• Exposure to regulatory requirements such as Basel III/IV, FRTB, or other relevant risk standards.
• Experience in quantitative modeling, risk measurement, and statistical analysis using tools like Python, R, MATLAB, or equivalent platforms.
  

Key Skills:

• Market risk analysis and management
• Quantitative modeling and risk assessment
• Exposure to risk frameworks and regulatory standards
• Strong analytical, problem-solving, and numerical skills
• Attention to detail and ability to work under tight deadlines
• Effective communication skills, with the ability to present complex risk insights clearly