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Alpaca

Developer APIs for stocks and crypto trading, investing apps, and embedded fintech.

Market Risk Analyst

Location

United States

Posted

52 days ago

Salary

0

Seniority

Mid Level

Bachelor Degree2 yrs expEnglishPythonSQL

Job Description

Market Risk Analyst

Alpaca

• Design, implement, and monitor risk limits for new products. Perform daily monitoring of Value-at-Risk (VaR), stress testing, and sensitivity analysis. • 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. • 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. • Act as the risk lead for the launch of new products, identifying unique risks associated with event-based binary outcomes and liquidity fragmentation. • Develop forward-looking scenarios (including "black swan" events) to assess the impact of market volatility on the firm’s capital and liquidity positions. • Support the wider Risk team in Operational Risk assessments, internal audits, and regulatory reporting requirements. • Build automated risk dashboards and reporting tools using SQL/Python to provide real-time insights to the Chief Risk Officer and Senior Management.

Job Requirements

  • 2–5 years of experience in Market Risk, Middle Office, or Quantitative Analysis within a fintech, hedge fund, or high-frequency trading environment.
  • Deep understanding of derivatives (Futures/Options) and margin mechanics. Experience with Prediction Markets or event-driven trading is a significant plus.
  • A solid understanding of the "Three Lines of Defense" model and a desire to contribute to broader risk governance beyond just market data.
  • Proficiency in SQL and Python (or R) for data analysis. You should be comfortable handling large datasets and building your own risk models.
  • The ability to operate in a "gray area" defining risk parameters for novel products that may not have established industry benchmarks.
  • Ability to distill complex quantitative risks into actionable insights for non-technical stakeholders and executive leadership.
  • A degree in a quantitative field (Finance, Mathematics, Physics, Economics, or Engineering). Financial Risk Manager (FRM) or CFA designation is a plus.

Benefits

  • 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

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