Quantitative Risk Analyst Job Description Template

The quantitative risk analyst measures and models the risk in systematic portfolios, covering market risk, factor exposure, stress testing and the behavior of strategies in conditions the backtest never contained. The role requires both the technical skill to build the measures and the judgment to know where they stop being informative.

Typical Duties and Responsibilities

• Produce risk analytics across systematic strategies and portfolios
• Build and maintain factor and value at risk models
• Design and run stress tests and scenario analysis
• Analyze factor exposures, crowding and correlation structure
• Monitor limit usage and investigate breaches
• Model liquidity risk and the cost of exiting under stress
• Validate risk model output against realized outcomes
• Report risk clearly to portfolio managers and senior management
• Investigate profit and loss the risk model did not predict
• Document model methodology for governance and review

Education

• Master’s degree in a quantitative discipline

Required Skills and Experience

• 3+ years in quantitative risk at a fund, bank or vendor
• Strong statistics including tail estimation and correlation modeling
• Proficiency with Python and SQL
• Understanding of factor models and risk attribution
• Experience with stress testing and scenario design
• Ability to explain risk to people who dispute the conclusion
• Careful validation of models against realized results
• Good documentation practice for model governance

Preferred Qualifications

• FRM or a comparable qualification
• Experience with a commercial risk platform