3,939 Market Risk jobs in the United States

Market Risk Auditor
New York, New York
**To proceed with your application, you must be at least 18 years of age.**
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At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Job Description:**
Market Risk Audit is a global team of subject matter experts in traded market risk and valuation within Corporate Audit. We are looking for someone with a risk-based audit skillset and traded market risk & valuation subject matter expertise to perform audit work (design & execute test programs; develop & communicate evidenced-based conclusions on the effectiveness of business process controls; validate issues; manage stakeholder relationships) with a specific focus on the Market Risk and Global Markets areas as part of the global Market Risk Audit team. The successful candidate will be expected to work closely with team members across the globe and engage with key partners in the Corporate Audit organization, including the Global Markets Audit, Model Risk Audit and Technology Audit teams. Existing members are drawn from wide range of quantitative backgrounds, and the team comprises former traders, market risk managers, front office and finance quants, and regulators. The team leads many high-profile audits comprising both regulatory-required and functional work, with continual senior management and regulatory focus. The role will provide the successful candidate exposure both within Audit and more widely in the firm.
**Responsibilities for this role include:**
+ Assessing the control environment effectiveness of market risk measurement and valuation processes within Global Markets Risk and Global Markets, providing independent challenge to existing approaches as needed.
+ Working flexibly as part of the global team on audit projects as required, including providing subject matter expert support to other teams within Corporate Audit.
+ Performing thorough technical analyses and summarizing results in concise and impactful report conclusions for distribution and presentation to senior management and bank regulators.
+ Proposing and executing test programs as part of day-to-day audit work.
+ Developing and managing independent relationships with stakeholders across first and second lines.
+ Maintaining timely and relevant knowledge and awareness of business, industry, and regulatory trends, best practices, and standards.
+ Close work with a support development team to enhance and automate testing by leveraging new technologies and artificial intelligence.
**Minimum Education Requirement:** Master's degree in related field or equivalent work experience
**Required Qualifications:**
+ Has a minimum 5-8+ years of experience in risk management, price verification, quant or trading group in a bank or other financial institution, or in audit covering those functions, or minimum 5-8+ years of alternative relevant experience.
+ Has practical experience managing, performing, and/or assessing traded market price risk processes, e.g. market risk exposure measurement, management, or reporting; limit setting, monitoring, or management; regulatory capital requirement calculation; or stress testing.
+ Has sustained experience effectively communicating with first-line markets trading and second-line risk management audiences/stakeholders.
+ Has strong knowledge of financial instruments and financial risk management principles, including exposure to Global Markets products, both derivatives and securities; a deep understanding and knowledge of market risk measures and fair valuation; and a strong comprehension of financial modelling fundamentals.
+ Understands internal audit's role and objectives and how risk-based auditing is used to assess business process control environment effectiveness.
+ Has strong presentation skills, with the ability to communicate clearly and effectively both verbally and in writing; ability to produce high quality technical documentation.
+ Has the ability to problem solve; the ability to work both as a self-starting individual and as part of an integrated team; excellent attention to detail; a positive outlook and an ability to work in a fast-paced environment/multi-task under pressure; and is an intellectually curious, critical thinker.
**Desired Qualifications:**
+ An advanced degree in a quantitative field (e.g. PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering, Physics, Computer Science, or related field).
+ Experience in computational, engineering, or scientific research or development roles.
+ Strong, hands-on programming skills using Python, R and/or C++/C#, with ability to develop code to conduct independent testing and replicate results, and/or the ability to use data analytics applications.
+ Knowledge of market risk capital regulation (Basel III implementation through the US Market Risk Rule and the Capital Requirements Regulation in EU and UK jurisdictions), awareness of requirements in the Fundamental Review of the Trading Book and the wider regulatory environment (e.g., Sound Practices for Model Risk Management, SR 11-7).
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Pay Transparency details**
US - NY - New York - 114 W 47TH ST (NY8114)
Pay and benefits information
Pay range
$158,000.00 - $208,500.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE ( .
View the LA County Fair Chance Ordinance ( .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

Description
Huntington is seeking a Market Risk Specialist to join our corporate Capital Markets Risk Management team. This individual will participate in all aspects of market risk measurement and reporting, including internal and regulatory risk reporting, stress testing, and model ongoing monitoring in a strong team-oriented working environment.
Job Responsibilities:
+ Production and analysis of daily market risk measurement reports, including risk factor and trend analysis, issue management, internal risk reporting, VaR back testing, stress testing and risk results communication to various stakeholders
+ Production of committee presentation materials and regulatory market risk disclosures
+ Implementation, execution and documentation of ongoing monitoring framework and results in alignment with internal and supervisory market risk management and model risk management expectations
+ Ongoing operation of our market risk analytical system, including data preparation, change management, research and analysis in order to adequately measure residual market risks in FX, commodity, interest rate derivative, mortgage backed security and fixed income portfolios
You must be located within the Huntington footprint.
Basic Qualifications:
+ Bachelor's degree in a quantitative field such as financial engineering/economics or STEM
+ 3 years' experience in risk analytics, quantitative modeling OR Master's degree
Preferred Qualifications:
+ Direct market risk modeling experience preferred
+ CFA or FRM designation
+ Knowledge of US regulatory market risk management framework
+ Experience in a regulated financial institution
+ Ability to communicate effectively with various stakeholders verbally and in writing on complex market risk subjects
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range:
70,000.00 - 140,000.00 USD Annual
The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. ?Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. ?In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $95,000.00 and $150,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
**Role Description**
SMBC Capital Markets, Inc. is seeking a highly skilled Associate for Market Risk to join our esteemed Market Risk Strategy Team. This role is integral to our operations, encompassing a broad range of responsibilities that ensure our market risk management is both comprehensive and forward-thinking.
**Role Responsibilities**
As an Associate for Market Risk, you will:
- Lead and manage complex cross-regional market risk projects, ensuring seamless communication with our Head Office.
- Address regulatory and internal findings, driving remediation efforts to uphold our high standards of compliance.
- Enhance governance frameworks, contributing to the continuous improvement of our risk management practices.
- Review and assess new products, ensuring they align with our strategic objectives and regulatory requirements.
- Collaborate with stakeholders across various regions, leveraging your expertise to influence key decisions and strategies.
**Qualifications and Skills**
Required Qualifications
- Education: Required - BA / BS
- Experience: 3-5 years of experience in market risk / derivative risk or closely risk-related role. Good foundational understanding of derivatives and knowledge of risk management framework (e.g. Regulatory Capital, VaR and stress-testing standards, counterparty exposure estimation, documentation and reporting approaches) in the US and Japan.
Preferred Qualifications
- Language: Business fluency in English
- Soft skills: Working knowledge of Python, VBA, and Microsoft Office Suite
Company Culture and Values
- Integrity: Acting with sincerity and maintaining high ethical standards as professionals.
- Customer First: Prioritizing the customer's perspective and providing value based on their individual needs.
- Proactive & Innovative: Embracing new ideas and perspectives, and not being deterred by failure.
- Speed & Quality: Differentiating through the speed and quality of decision-making and service delivery.
- Team "SMBC Group": Respecting and leveraging the knowledge and diverse talent within the global organization
**Additional Requirements**
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at

Associate, Market Risk
Country: United States of America
**Your Journey Starts Here:**
Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.
An exciting journey awaits, if you are interested in exploring the possibilities **We Want to Talk to You!**
**The Difference You Make:**
The Associate, Market Risk monitors the liquidity risk metrics operates within Liquidity Policy guidelines and limits. This position will develop and implement all Regulatory and Corporate Liquidity Policy standards for market risk activities, lead discussions with management, and compare the Company risk profile against industry information.
- Observes, analyzes and implements US regulation and Liquidity Policy Guidelines.
- Documents effectively Liquidity assumptions, developing procedures related with daily and monthly liquidity process.
- Identifies and contributes to resolution of emerging risk issues related to Liquidity Risk processes and exposure, anticipating and acting proactively on minimizing risk.
- Ensures the commitment of the liquidity risk policy guidelines and the contingency plans, monitoring early warning indicators and warning about liquidity events,
- Assists with the validation, reconciliation and analysis of data, ensuring its accuracy, validating and implementing liquidity risk measurement methods.
- Compares the Company risk profile against industry information.
**What You Bring:**
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's Degree or equivalent work experience: Business, Finance, Management, or equivalent field. - Required.
5+ Years Risk Management/Controls - Required.
- Advanced understanding of key inherent risk and market risk management control practices to perform periodic analysis with critical reasoning for high management reporting.
- Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
- Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.
- Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense.
- Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
- Ability to adjust to new developments/changing circumstances.
- Ability to convey a sense of urgency and drive issues/projects to closure.
- Ability to effectively interact with the market, executive management and vendors.
- Ability to adapt and adjust to multiple demands and competing priorities.
- Excellent written and oral communication skills.
- Strong analytical, organizational and project management skills.
**Certifications:**
No Certifications listed for this job.
**It Would Be Nice For You To Have:**
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
**What Else You Need To Know** **:**
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
**Base Pay Range**
Minimum:
$90,000.00 USD
Maximum:
$155,000.00 USD
**Link to Santander Benefits:**
**Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com) ( Culture:**
We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
**EEO Statement:**
At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
**Working Conditions** :
Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.
**Employer Rights:**
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.
**What** **To Do Next** **:**
If this sounds like a role you are interested in, then please apply.
We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at to discuss your needs.
**Primary Location:** New York, NY, Madison Ave Corp
**Other Locations:** New York-New York
**Organization:** Banco Santander S.A.
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO