Managing Director, Market Risk Quant Analytics

The FISER Group; Chicago (IL); Hybrid; USD 250,000 - 450,000; Full time

Job summary

The FISER Group, a leading global financial institution, is seeking a Managing Director in Chicago to lead the local Market Risk Quantitative Analytics function and shape the firm's risk strategy. You will drive FRTB, VaR, stress testing, regulatory capital initiatives, and oversee model development and production deployment while mentoring a local team and coordinating with global analytics.

Location: Chicago with a hybrid schedule (3–4 days onsite); relocation package available.

Qualifications

• 10+ years in market risk or closely related field.
• Proven leadership at Director/MD level.
• Expertise in VaR, stress testing, and market risk capital.
• Strong FRTB experience with IMA/SA.
• Proficient in quantitative programming and production systems.
• Experience engaging with regulators and senior stakeholders.

Responsibilities

• Lead the Chicago Market Risk Quantitative Analytics function with technical direction.
• Drive strategic market-risk initiatives across FRTB, VaR, stress testing.
• Develop and monitor complex market-risk models and analytics.
• Set quantitative priorities and guide model development and validation.
• Collaborate with Front Office, Global Markets Risk, Technology, Model Risk and senior management.
• Lead regulatory engagements and model submissions.
• Drive innovation and next-generation risk analytics and tech.
• Build strong relationships across the global analytics org in Chicago.

Skills

Market risk leadership

Quantitative risk modelling

VaR

FRTB

Python

Model development

Regulatory engagement

Stakeholder management

Tools

Python

Job description

Leading global financial institution expanding its Market Risk Quantitative Analytics leadership team in Chicago, seeking a Managing Director to lead the local Market Risk Quant function and play a key role in the firm’s global risk strategy. This is a high-impact opportunity spanning FRTB, VaR, stress testing, regulatory capital and next-generation risk technology.

Location: Chicago (3/4 days per week). Relocation package available

Key responsibilities

• Lead the Chicago Market Risk Quantitative Analytics function, providing technical direction, mentorship and local leadership.
• Drive strategic market-risk initiatives across FRTB, VaR, stress testing, regulatory capital and model development.
• Lead the development, enhancement and performance monitoring of complex market-risk models and analytics.
• Shape quantitative priorities and challenge model development, validation and implementation approaches.
• Partner closely with Front Office, Global Markets Risk, Technology, Model Risk and senior management.
• Lead regulatory engagement and support major model submissions, examinations and remediation initiatives.
• Drive innovation, automation and the implementation of next-generation risk analytics and technology.
• Build strong relationships across the global analytics organisation and provide senior-level leadership in Chicago.

Skills & experience

• 10+ years’ experience in market risk, quantitative risk modelling or a closely related discipline.
• Proven leadership/management experience, ideally at Director/MD level.
• Strong expertise in VaR, statistical modelling, stress testing and market-risk capital.
• Strong FRTB experience, particularly IMA and/or SA.
• Strong quantitative programming/Python experience and a track record of translating models into production technology.
• Experience leading major strategic or regulatory initiatives and working with senior stakeholders and regulators.
• Exceptional communication, influencing and problem-solving skills, with the ability to provide technical leadership across a complex organisation.