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Market Risk/Quant Business Analyst

IRIS Software, Inc. Whippany, United States
Posted 9 months ago Remote Contract 150k - 175k
Posted by
Vinay Mishra
Iris's clients, multinational investment banking and financial services corporations are hiring multiple Senior Quant BAs (Market Risk/VaR). Our client is world-leading financial services companies, provides consumers, corporations, governments and institutions with a broad range of financial services and products.

Risk Analytics Senior BA (VaR & Stress)

Location- 100% remote (But preference is to have someone from EST or CST time zones due to work with the teams based in UK)

Duration- 24 Months+ (Open ended SoW)

Key skills-

Drive things

20-30% - managing stakeholders

60-70% - code analysis, create models (spreadsheet, product knowledge – with VAR/ what happens with shifts), prototypes, reviewing with this information with stake holders

(derivative products – bonds sensitivities, pricing of them ), some credit risk space would be ideal

Someone with Python would be a plus but not required

If someone had– CVA ( Credit valuation adjustment ) for one of the roles that would be a plus as well

Takes the data from query perspective and then works on computation side – VAR/Stress Testing

Solid understanding of Greeks with computations –how interpret the Greeks

If someone can understand the other product such Bonds, credit – Macro, interest rate swaps, options that Greeks that could substitute for market risk

Front office Risk

7 to 8 years of experience

Analytics BA (Stress and VAR ) – Historical simulations for VAR, IRC  Incremental Risk Charge, CVA (Credit Valuation Adjustments)


Remote option - EST/CST preferred or open to starting some days at 7am EST time due to UK and India calls


What We’re Looking For

Graduate or Master’s degree – preferably in Finance, Maths or Science

Certifications in Finance or Risk e.g. FRM, CQF – desirable, not essential

Business Analysis Accreditation(s) – desirable, not essential

7+ years of experience in financial services firms.


Knowledge of;

Financial Products (e.g. Bonds, CDS, Equity Options) and their Valuations

Sensitivities like Delta, Gamma & Vega

Value At Risk computation methodologies like Historical Simulation.

Stress Testing computations.

SQL & MS Excel (advanced level)

FRTB IMA regulations is desirable, not essential

Incremental Risk Charge (IRC) computations is desirable, not essential

CVA-VaR computations is desirable, not essential

Python is desirable, not essential


Experience in:

Preparing and issuing a range of key business analysis deliverables

Communicating with a wide array of people and some experience of stakeholder management

Exposure to the software development lifecycle, the roles and responsibilities on large projects and the motivations of the actors involved


Skills That Will Help You In The Role

Excellent analytical/mathematical skills

Excellent communication skills - including the ability to convey information to non-technical colleagues in a concise and clear way

Strong stakeholder management, able to communicate at all levels and build sustainable relationships

Strong organizational skills and ability to multi-task in a highly pressurized support environment

Able to lead/work within a high performing team and contribute to overall objectives/best practice


About Iris Software Inc.

Iris Software, Inc. is a CMMi Level 5 New Jersey based company providing information technology solutions to clients nationwide for over 30 years. Iris has been growing at over 100% annually. In a program sponsored by Price Waterhouse, PNC Bank and Marsh, Iris has been honored for being

- One of New Jersey's Finest 25 companies for the year 2001 and 2002.

- Iris is also ranked 75th among Inc 500 s list of privately held companies for year 2001.

- NJ Technology FAST 50 Company for year 2002.

In a competitive industry, we distinguish ourselves by reliability, technical expertise and a history of successfully completed projects for clients ranging from mid-sized to Fortune 1000 companies

Job ID  111
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