Risk Analyst, P&L

Role Overview

• Risk System Operation: Run and maintain the firm’s VaR and risk systems daily. Ensure all positions and strategies are accurately captured, priced, and reflected in the risk engine.
• Intraday Limit Monitoring: Monitor trading exposures in real time against the firm’s risk limits (position size, margin, and concentration). Identify and escalate potential breaches promptly.
• Margin Tool Operation: Reconcile daily margin requirements against FCM statements and calls. Run what-if scenarios across exchanges and FCMs to optimize margin usage, reduce capital requirements, and identify efficiencies.
• Stress Testing: Execute daily stress tests and scenario analyses.
• Anomaly Detection & Tool Ownership: Identify and investigate outliers, data issues, or unexpected spikes in VaR or risk metrics. Own the resolution of technical or pricing problems within the risk and margin systems and escalate persistent issues.
• Produce daily P&L reports broken down by strategy. Provide clear attribution and trend analysis (daily, week-to-date, and month-to-date performance). Deliver factual explanations of P&L fluctuations, linking results to market events, strategy behavior, and execution factors.
• Run the daily liquidity reserve model to assess bid/ask costs for exiting positions. Apply liquidity reserves to valuations to produce realistic P&L figures.
• Prepare and distribute clear daily risk reports to the Head of Risk and senior management, covering VaR, key exposures, margin utilization, and limit status. Communicate daily P&L results, attribution details, and performance trends (daily/WTD/MTD) to traders and senior management. Explain the impact of liquidity reserves on P&L and present both raw and reserve-adjusted P&L figures. Conduct regular reviews with traders on risk positioning, proactively flag elevated risks or limit concerns, and discuss stress test results and margin optimization opportunities.

Requirements

• Strong proficiency in Value at Risk (VaR) methodologies and risk system management.
• Hands-on experience with futures margining (especially SPAN), FCM reconciliation, and margin optimization tools.
• Practical understanding of futures markets, including spreads and basis trading.
• Solid knowledge of listed options Greeks and equity portfolio risk.
• 4+ years of relevant experience in risk or P&L at a prop trading firm, hedge fund, or futures clearing organization.
• Advanced Excel skills; Python or SQL experience is a plus.
• Bachelor’s degree or higher in Finance, Mathematics, Statistics, Engineering, or a related quantitative field.
• CFA or FRM is preferred but not required.

Tech Stack

• Python
• SQL

Benefits

• Experience a modern international technology company without the burden of bureaucracy.
• Collaborate with industry-leading professionals, including former employees of Tower, DRW, Broadridge, Credit Suisse, and more.
• Enjoy excellent opportunities for professional growth and self-realization.
• Work remotely from anywhere in the world with a flexible schedule.
• Receive compensation for health insurance, sports activities, and non-professional training.