Market Risk Manager

Insight Global; Chicago (IL); On-site; USD 110,000 - 140,000; Full time

Job summary

A financial services company is looking for a Market Risk Manager with expertise in Asset and Liability Management (ALM) to support a banking client in Chicago. The ideal candidate will have at least 7 years of market risk experience and a strong background in Treasury functions. Responsibilities include monitoring market risk metrics, preparing reports for senior leadership, and leading governance initiatives. Excellent communication skills and a critical thinking mindset are essential for success in this role.

Qualifications

• 7+ years of market risk experience, specifically in ALM or trading market risk.
• Expertise in risk governance procedures and evaluating controls.
• Strong background in banking industry.

Responsibilities

• Monitor, analyze, and report market risk metrics.
• Ensure compliance with Structural Market Risk limits.
• Prepare presentations for senior leadership.

Skills

Market risk analysis

Asset and Liability Management (ALM)

Strong critical thinking

Excellent communication skills

Education

Bachelor's degree in finance, engineering, or related

Tools

QRM

Job description

Bachelor's degree in finance, engineering, or related. 7+ years of market risk experience, SPECIFICALLY, doing Asset and Liability Management (ALM) or trading market risk. Expertise in risk governance procedures, such as evaluating controls, updating existing documentation, and reconstructing risk templates. Background in banking industry (CAT I-III Financial Institution). Excellent written and verbal communication skills and ability to interface cross-functionally. Strong critical thinker.

Job Description

Insight Global is seeking a Market Risk Manager, Asset & Liability Management (ALM) to support an established banking client out of Chicago, IL. The ideal candidate has a strong background in Treasury and Asset Liability Management (ALM), experience with QRM, and solid foundations in math and finance. Day to Day: Market Risk Oversight Monitor, analyze, and report market risk metrics (e.g., Economic Value of Equity, PV01, Earnings at Risk). Ensure compliance with Structural Market Risk limits; investigate and elevate deviations. Prepare presentations for senior leadership and committees on risk positions and strategic discussions. Framework & Governance Develop and maintain market risk management frameworks, policies, and standards. Implement methodologies, metrics, and controls to ensure transparency and consistency. Represent risk governance during internal/external audits and regulatory reviews. Strategic Advisory Act as a trusted advisor to business groups; influence decisions and recommend solutions. Support strategic planning and identify emerging risks and trends. Interpret regulatory changes and assess impacts on governance frameworks. Program Management Lead governance meetings and maintain mandates, oversight, and approval guidelines. Coordinate regulatory reporting, attestations, and compliance activities. Manage databases and ensure adherence to data governance standards. Change & Communication Drive change management initiatives, including readiness assessments and stakeholder engagement. Develop communication plans and tailored messaging to influence behaviors. Risk Analysis & Reporting Independently evaluate models, assumptions, and key metrics for market risk measurement. Monitor market conditions and model performance to optimize risk strategies. Provide insights and recommendations based on data analysis. Collaboration & Training Build strong relationships with internal and external stakeholders. Support education and training on risk frameworks and governance processes.