Risk / P&L Analyst

Responsibilities: 

1. Risk Management Tasks

• Risk System Operation: Run and maintain the firm’s VaR and risk systems daily. Ensure all positions and strategies are accurately captured, priced, and reflected in the risk engine.
• Intraday Limit Monitoring: Monitor trading exposures in real time against the firm’s risk limits (position size, margin, and concentration). Identify and escalate potential breaches promptly.
• Margin Tool Operation: Reconcile daily margin requirements against FCM statements and calls. Run what-if scenarios across exchanges and FCMs to optimize margin usage, reduce capital requirements, and identify efficiencies.
• Stress Testing: Execute daily stress tests and scenario analyses.
• Anomaly Detection & Tool Ownership: Identify and investigate outliers, data issues, or unexpected spikes in VaR or risk metrics. Own the resolution of technical or pricing problems within the risk and margin systems and escalate persistent issues.

2. P&L Attribution Tasks

• Produce daily P&L reports broken down by strategy.
• Provide clear attribution and trend analysis (daily, week-to-date, and month-to-date performance).
• Deliver factual explanations of P&L fluctuations, linking results to market events, strategy behavior, and execution factors.

3. Liquidity & Valuation Tasks

• Run the daily liquidity reserve model to assess bid/ask costs for exiting positions.
• Apply liquidity reserves to valuations to produce realistic P&L figures.

4. Reporting & Communication

• Prepare and distribute clear daily risk reports to the Head of Risk and senior management, covering VaR, key exposures, margin utilization, and limit status.
• Communicate daily P&L results, attribution details, and performance trends (daily / WTD / MTD) to traders and senior management.
• Explain the impact of liquidity reserves on P&L and present both raw and reserve-adjusted P&L figures.
• Conduct regular reviews with traders on risk positioning, proactively flag elevated risks or limit concerns, and discuss stress test results and margin optimization opportunities.