Market Risk Analyst

Virtusa; Bengaluru Urban; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Virtusa is seeking a Market Risk Analyst to monitor and report risk metrics, including VaR and Expected Shortfall, across trading and banking books. The role involves limit management, escalation of breaches, and daily/weekly dashboard preparation for internal and regulatory needs.

Candidates should have 2–5 years of experience, a quantitative degree, and strong MS Excel skills; knowledge of Python/SQL/R and Bloomberg/Reuters terminals is advantageous.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Financial Engineering, Mathematics, or related quantitative field.
• FRM or CFA desirable.
• Advanced MS Excel as baseline; Python/SQL/R advantageous; Bloomberg/Reuters familiarity.
• Deep understanding of global markets and instruments (FI/Derivatives, FX, Equities).
• Deep understanding of market risk concepts and models.

Responsibilities

• Monitor and report risk metrics such as VaR and Expected Shortfall daily.
• Manage risk limits and escalate breaches to senior management.
• Prepare daily and weekly risk dashboards for internal and regulatory use.
• Review stress testing outputs and supervise scenario analyses.
• Assist in back-testing risk models and support system upgrades.

Skills

Risk management

Data analysis

Financial knowledge

Education

Bachelor's or Master's degree in Finance, Economics, Financial Engineering, Mathematics, or related quantitative field

Tools

Bloomberg Terminal

Reuters Terminal

Job description

Bank equivalent title Market Risk Analyst / Market Risk Sr. Analyst

Years of experience 2-5 years

Core Responsibilities – On monitoring and reporting

• Review the data and reports related to the following -
• Tracking risk metrics like Value-at-Risk (VaR), Expected Shortfall, and sensitivity analyses on a daily basis across trading and banking books.
• Limit management monitoring for exposure against established risk limits, promptly escalating any breaches to senior management.
• Reporting & Compliance Prepare and/ or review daily, weekly risk dashboards for internal consumption and regulatory requirements.

Additional Responsibilities – May Arise

• Stress Testing Conduct or review output from scenario analyses to gauge how adverse market movements, interest rate shifts, and liquidity crises affect the bank's capital adequacy and profitability.
• System & Model Validation Assist in back-testing risk models, ensuring the accuracy of market data, and supporting the upgrade of treasury and risk

Qualifications & Skills

• Education Bachelor's or Master's degree in Finance, Economics, Financial Engineering, Mathematics, or a related quantitative field.
• Certifications good to have FRM, CFA
• Technical Skills (Mandatory) Advanced MS Excel is a baseline requirement. (Good to have) Proficiency in Python, SQL, or R and familiarity with risk engines and Bloomberg/Reuters terminals are highly advantageous
• Financial Knowledge
• Deep understanding of global markets and instruments (FI/ Derivatives, FX, Equities)
• Deep understanding of market risk concepts and models