Market Risk Analyst

Market Risk Management

• Design, implement, and monitor risk limits for new products.
• Perform daily monitoring of Value-at-Risk (VaR), stress testing, and sensitivity analysis.

Margin Architecture

• Collaborate with Engineering and Product teams to refine and stress-test our Margin engine, ensuring margin requirements accurately reflect cross-product offsets and tail risks.

ERM Framework Development

• Assist in the design and roll-out of the Enterprise Risk Management framework.
• This includes defining Risk Appetite Statements (RAS), maintaining the Risk Register, and developing Key Risk Indicators (KRIs) that span across the organization.

New Product Approval (NPA)

• Act as the risk lead for the launch of new products, identifying unique risks associated with event-based binary outcomes and liquidity fragmentation.

Stress Testing & Scenario Analysis

• Develop forward-looking scenarios (including "black swan" events) to assess the impact of market volatility on the firm’s capital and liquidity positions.

Cross-Functional Support

• Support the wider Risk team in Operational Risk assessments, internal audits, and regulatory reporting requirements.

Automation & Reporting

• Build automated risk dashboards and reporting tools using SQL/Python to provide real-time insights to the Chief Risk Officer and Senior Management.

Experience

• 2–5 years of experience in Market Risk, Middle Office, or Quantitative Analysis within a fintech, hedge fund, or high-frequency trading environment.

Product Knowledge

• Deep understanding of derivatives (Futures/Options) and margin mechanics.
• Experience with Prediction Markets or event-driven trading is a significant plus.

ERM Familiarity

• A solid understanding of the "Three Lines of Defense" model and a desire to contribute to broader risk governance beyond just market data.

Quantitative Skills

• Proficiency in SQL and Python (or R) for data analysis.
• You should be comfortable handling large datasets and building your own risk models.

Problem Solving

• The ability to operate in a "gray area" defining risk parameters for novel products that may not have established industry benchmarks.

Communication

• Ability to distill complex quantitative risks into actionable insights for non-technical stakeholders and executive leadership.

Education

• A degree in a quantitative field (Finance, Mathematics, Physics, Economics, or Engineering).
• Financial Risk Manager (FRM) or CFA designation is a plus.

How We Take Care of You:

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card.

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.