Quantitative Risk Analyst

Quantitative Risk Analyst

New York, NY (Onsite)
Long-Term Contract (W2)
Competitive / Above-Market Pay Rate

Work Authorization:

About the Role

We are seeking a highly analytical and detail-oriented Quantitative Risk Analyst to join a leading Risk Management team within the Clearing Department of a major financial institution. This is a high-impact consulting role where your work directly contributes to the accuracy, stability, and reliability of critical margin and stress testing models used across multiple asset classes.

Key Responsibilities

Model Validation & Testing

• Perform regression and UAT-style testing for risk model and platform releases
• Validate margin and stress testing model outputs and investigate anomalies
• Execute portfolio back-testing to evaluate model performance against historical data

Data Analysis & Quality Assurance

• Validate historical market data for accuracy, completeness, and inconsistencies
• Identify data breaks, outliers, and unexpected movements in risk metrics
• Research and diagnose issues related to data, code, or system configuration

Collaboration & Documentation

• Clearly document findings, test results, and risk insights
• Communicate effectively with quants, developers, and cross-functional stakeholders
• Support continuous improvement of model validation and testing processes

Required Skills & Qualifications

Technical Skills

• Strong programming experience in Python and SQL
• Excellent analytical, problem-solving, and quantitative skills
• Strong documentation and communication abilities

Domain Knowledge

• Understanding of financial markets and risk management concepts
• Familiarity with risk models such as:
• Historical VaR
• Monte Carlo VaR
• Stressed VaR
• Multi-Factor Risk Models
• Liquidity Risk Models

Education Qualification

Master s degree