Equity & Derivatives Market Risk Analyst
ETRADE is a leading financial services company and a pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the company has long been at the forefront of the digital revolution, offering easy-to-use solutions for individual investors and stock participants. Founded on the principle of innovation and determined to level the playing field for individual investors, ETRADE delivers digital platforms, tools, and professional assistance to help investors and traders meet their near-and long-term investing goals. The Company provides these services both online and through its network of customer service representatives and financial consultants - over the phone at two national branches and in-person at 30 ETRADE branches.
ETRADE's market risk management department is a high profile and high visibility group monitoring several areas of risk. The team is looking for a dynamic, self-starter and result oriented individual to join the team. The analyst will monitor and manage the risk of ETRADE's margin loan product, one of the most profitable lines of business within the company. The position requires both a good understanding of financial markets and strong technical skills.
Analyze daily reports measuring risk metrics such as stress scenario exposure, naked options activity, and futures trading risk
Measure concentration in individual accounts and across the portfolio of all accounts
Develop a comprehensive understanding of margin collateral requirements for exchange-traded derivatives including naked puts/calls, option spreads, and other options trading strategies
Monitor market news and indicators for large idiosyncratic moves that have potential to create losses, including implied volatility shocks
Prepare detailed and insightful risk reports for senior management and decision makers
Conduct research on relevant industry trends related to financial markets and best practices in market risk
Collaborate with and provide oversight of internal business partners on areas for improvement in risk management
Perform competitive analysis of margin requirements and policies at peer online brokerage institutions
Assist in model validation of options valuation models and risk systems
Create and run statistical probability analysis using large data sets of financial returns, including correlation analysis and tail risk analysis such as value-at-risk (VaR)
2+ years of professional work experience of risk-related experience in the finance/accounting, investment banking, and/or investment management.
Experience working with variety of technical and market tools such as Bloomberg
Experience in statistical programming software such as MATLAB, R, SAS, or other related technical computing systems
Must have SQL experience, constructing and executing database queries for both data discovery and automation of reports
Must have knowledge of derivative instruments including equity & index options and detailed understanding of options risk metrics - delta, gamma, vega, etc.
Must have knowledge of mathematical option pricing models including Black-Scholes and the binomial model
Must be a self-starter with ability to work autonomously as well as in a team environment
Ability to operate in a time constrained environment while multitasking and maintaining a strict attention to detail and high quality deliverables
Excellent verbal and written communication skills
Detail-oriented and able to prioritize tasks efficiently and independently
Strong analytical skills while being resourceful when seeking new information
High level of intellectual curiosity is critical to the success of the candidate
Bachelor's degree in Finance, Accounting, or a related field
Alternatively a degree in a technical field such as math, statistics, engineering, economics, or computer science with a demonstrated interest in financial markets
Desired qualification: FRM and/or CFA charter holder (or in the process obtaining)
We offer a competitive and comprehensive benefits package. Please visit https://www.etradecareers.com/why-work-at-etrade/employee-benefits/ to learn more about the opportunities.
E*TRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.
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