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Applications are invited for the positions of "MARKET RISK ANALYST" Applications are invited from current/previous IIQF students for positions in the Market Risk Analytics team of one of the Big 4 Consulting firm.

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    Job Summary:
  • Candidate would be responsible for developing, validating, auditing market risk valuations/models and counterpart credit risk models for trading, investment and corporate portfolios of global financial institutions. Candidates would be expected to support financial institutions on meeting jurisdictional regulatory requirements and their broader risk management initiatives.

  • Core Skill Requirements:
  • Candidate must have relevant experience of 4-12 years in statistical / mathematical modeling, quantitative research, counterparty and market risk management, or related field at a reputed bank,investment or broker services, asset management firm or a consulting firm.
  • Wider skill requirements:
  • Independently built and managed quantitative market and counterparty risk analytical models.
  • Strong experience/knowledge in at least some of the following areas (in quant space).
  • Counterparty Credit Risk (PFE, CVA, XVA).
  • Pricing and valuation - Derivatives (across one or more asset classes).
  • Modeling of Risk Metrics (e.g, EPE, PFE, RWA, Greeks).
  • Market Risk Scenarios and Stress Testing.
  • Development, prototyping and back-testing of Monte Carlo Credit Exposure Models.
  • Incremental default risk, specific risk charge and stressed VaR.
  • Worked on multiple Market Risk Models like to develop/review calculation of VaR(Historical, Parametric and Monte Carlo), RNiV, CCAR, IRC Model Validation/ development and present value for various type of instruments using any statistical tool.
  • Strong experience/knowledge in at least some of the following areas (business knowledge).
  • Incremental default risk, specific risk charge and stressed VaR.
  • Good knowledge of market risk concepts: Risk Factor, VAR, Earning at Risk, cash flow at risk, ETL, PV01, Independent Validation, Exotic derivatives, FX, Interest rate derivatives,volatility, commodities, credit derivatives, Fixed income, Hull & White, Monte Carlo simulation, Capital calculations.
  • Knowledge and experience with counterparty risk concepts (PFE,SA-CCR, EPE etc.
  • Leveraging experiential know-how of a wide range of financial products like Equity, Derivative, Swaps, IR, Credit derivatives, OTC products, Swaps, Securitization, CDO's etc.
  • Knowledge of one or more of global regulatory Topics BASEL II/III, IFRS 9, CCAR/DFAST, CECL, FRTB, SR-11/7 around data sufficiency, modeling methods, industry standards etc..
  • Assisted clients to design and implement strategic and functional changes across risk management, treasury, front office, middle office, and back office activities with a focus on risk and valuation processes, regulatory compliance, analytics, strategy, and organizational structure.
  • Programming and Algorithms: R, Python, SAS, Matlab, Scala, VBA etc.
  • Experience with with Murex, QRM, Reuters, FINCAD, Bloomberg and Algo is a plus.

Placement Program

IIQF provides placement assistance to all students who successfully complete its courses. We have an active placement program in place to provide job opportunities to our students in relevant areas. IIQF has been engaged by some of the top Wall Street Investment Banks for recruitment of personnel for their Quant teams. We receive enquiries from investment banks, investment analytics firms, hedge funds, broking houses, financial software companies and other financial institutions for placement of our students in their Quant teams.

Current Requirements

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