Risk Analyst evaluates the vulnerability of an organization's assets to determine the potential risk factors. Performs statistical analysis to quantify risk and forecast probable outcomes. Being a Risk Analyst prepares reports and presents findings to assist management with decision-making while offering solutions to minimize or eliminate risks. Monitors internal and external risk factors including economic, market, and regulatory risks to continuously maintain maximum protection of an organization's assets. Additionally, Risk Analyst supports managers in risk management or risk model construction. Requires a bachelor's degree. Typically reports to a supervisor. The Risk Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Risk Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
The main areas of responsibility includes:
- Analysis of risk profiles and relevant risk metrics to make transparent any portfolio risks (VaR and Stress testing), various position risks, portfolio and country specific stress scenarios.
- Creating transparency for stakeholders through the preparation and provision of meaningful and timely risk information and relevant advice
- Understanding of the quantitative pricing and risk management models, their risk drivers and the impact on reported trading P&L and risk measures. A particular focus will be the assessment of special market conditions and how they affect risk dynamics and could give rise to potential portfolio tail risks.
- Responsibility for the analysis and approval of new or unusual trades & innovative structures as well as new business initiatives prior to trading.
- Enhancing the risk control framework and participation in corresponding projects in order to accommodate product innovation and regulatory developments.