Alpaca - Market Risk Analyst
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Requirements
• 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. • Product Knowledge: • 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. • ERM Familiarity: • 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. • Problem Solving: • Communication: Ability to distill complex quantitative risks into actionable insights for non-technical stakeholders and executive leadership. • Communication: • Education: A degree in a quantitative field (Finance, Mathematics, Physics, Economics, or Engineering). Financial Risk Manager (FRM) or CFA designation is a plus. • Education: • Experience in a high-growth startup environment. • Direct experience with SPAN or TIMS margin methodologies. • Familiarity with regulatory frameworks (e.g., SEC/FINRA, CFTC, or international equivalents) regarding margin and capital requirements. • 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. • Recruitment Privacy Policy
Responsibilities
• 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. • Market Risk Management: • 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. • Margin Architecture: • 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. • ERM Framework Development: • 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. • New Product Approval (NPA): • 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. • Stress Testing & Scenario Analysis: • Cross-Functional Support: Support the wider Risk team in Operational Risk assessments, internal audits, and regulatory reporting requirements. • Cross-Functional Support: • 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. • Automation & Reporting:
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. • Recruitment Privacy Policy
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