Senior Market Risk Analyst

Global Financial Firm located in Jersey City, NJ has an immediate contract opportunity for an experienced Senior Market Risk Analyst Work Mode: Hybrid Pay Rate Range: $ 84.00 - $ 89.00 Negotiable based upon years of experience Responsibilities • Manage and refine market risk platforms to ensure robust performance, data quality, and scalability. • Utilize advanced programming skills (Python, SQL) to automate 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. • Collaborate closely with Risk Managers, Quants, Front Office traders, and technology teams to ensure risk systems meet business needs. • Streamline existing risk reporting processes through automation. • Guide junior developers and analysts, fostering technical growth within the squad. Requirements • Minimum 10 years of experience in market risk management, quantitative risk analytics, or front-office technology within a financial services institution. • 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. • Advanced SQL skills for complex query writing and data modeling. • Bachelor’s degree in Computer Engineering, Finance, Mathematics, or a related quantitative field. Master’s degree preferred. Preferred Skills • Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are a strong advantage. • Experience with visualization tools like Power BI, Tableau, or equivalent BI tools for risk reporting dashboards.