Risk Analytics – Equity Market Risk Quantitative Analyst

Yablon & Associates LLC; New York (NY); Hybrid; USD 161,000 - 187,000; Full time

Job summary

Yablon & Associates LLC in Midtown, NYC, offers a hybrid 3-days-onsite quantitative analyst role focused on market risk modeling for equity derivatives. The position is 6+ months rolling with a W2 daily rate between $875 and $1015, and a higher C2C range between $975 and $1140 per day.

The ideal candidate has 5–8 years in finance, strong SQL and Python skills, and a solid grasp of risk models, backtesting, and regulatory considerations. Collaboration with front office and risk teams is essential.

Qualifications

• 5–8 years of experience in a quantitative role at a financial institution.
• Strong background in market risk models and methodologies (time series, VaR, backtesting).
• Good understanding of equity pricing models and products.
• Proficient in SQL and Python; able to wrangle large datasets and run statistical tests.
• Excellent written and verbal communication; capable of concise model documentation.

Responsibilities

• Act as SME and liaise with front office, technology, and market risk managers to implement and maintain market risk models.
• Assess model outputs via time series review, backtesting, VaR breaches explanation, and P&L attribution testing.
• Document model implementation details and findings for validation per the Firm’s Model Risk Management policies.

Skills

Market risk modeling

Equity derivatives

Quantitative analysis

SQL

Python

Data wrangling

Tools

Numerix

Bloomberg

Job description

Midtown, NYC

Location: Midtown, NYC – hybrid 3 days onsite

Duration: 6+ months rolling

Rate: W2 $875 – $1015 /day and C2C $975 – $1140 /day

Description:

Global investment bank seeking an experienced quantitative analyst / risk modeler with 5 – 8 years of financial industry experience to join the Quantitative Risk team. Focus of this position is onMarket Risk modeling for Equity Derivatives products.

Core Responsibilities:

• Acting as the SME and liaising with front office, technology, and market risk managers to implement and maintain market risk models. Making key analytical decisions regarding market risk modelling for Equity derivatives positions traded in Europe and Asia.
• Assessing appropriateness of the market risk model outputs by performing time series review and stationarity test, Basel traffic light backtesting and VaR breaches explanation, P&L attribution test, pricing model benchmark, and quantification of the materiality of any model limitations (e.g. RNIV).
• Documenting model implementation details, tests, and findings for model validation to review, in accordance with Firm’s Model Risk Management policies and framework.

Qualifications:

• Strong background in market risk models and methodologies (e.g. time series analysis, VaR methodologies and backtesting), with 5 – 8 years of previous experience in a quantitative role at a financial institution.
• Good understanding of equity pricing models and products.
• Strong programing skills and data handling skills in SQL and Python (ability to wrangle large data sets, implement statistical tests, and perform data analysis on test results).
• Excellent communication and presentation skills (ability to engage in concise, effective discussions).
• Excellent written skills (ability to produce well-structured technical model documentation).
• Ability to work without significant direct supervision.
• Previous experience of regulatory capital model & economic capital model is preferred.
• Knowledge of Numerix and/or Bloomberg a plus.

W2 $875 - $1015 /day and C2C $975 - $1140 /day

• EXPERIENCE NEED

  Market Risk Modeling, Equity Derivatives, Quantitative Analysis