Associate-Market Risk at Weekday AI

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

05 Mar, 26

Salary

4000000.0

Posted On

05 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Market Risk Analysis, Quantitative Modeling, Risk Assessment, Regulatory Standards, Analytical Skills, Problem-Solving Skills, Numerical Skills, Attention to Detail, Communication Skills

Industry

technology;Information and Internet

Description

This role is for one of the Weekday's clients Salary range: Rs 2000000 - Rs 4000000 (ie INR 20-40 LPA) Min Experience: 3 years Location: Mumbai JobType: full-time We are seeking a talented and detail-oriented Associate – Market Risk to join our dynamic risk management team. The ideal candidate will have a strong foundation in quantitative disciplines and hands-on experience in market risk management. In this role, you will contribute to identifying, assessing, and managing market risks across various portfolios while ensuring compliance with risk frameworks and regulatory standards. This is an excellent opportunity for professionals with a strong analytical mindset to develop a deeper understanding of market risk practices in a fast-paced financial environment. 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

Responsibilities

The Associate – Market Risk will perform comprehensive market risk analysis for various portfolios and develop quantitative models to measure market risk exposures. The role involves monitoring and reporting market risk positions and collaborating with different teams to ensure compliance with risk frameworks.