Financial Risk Analyst

Full Job Description

The Market Participants Division leads the Commission's efforts in protecting market participants and their funds by ensuring the financial integrity, fitness, and fair business conduct of derivatives market participants, such as swap dealers, major swap participants, futures commission merchants, introducing brokers, commodity pool operators, commodity trading advisors, floor brokers, and retail foreign exchange dealers.

GS/CT-12 level: One year of specialized experience equivalent to the CT/GS-11.

Specialized experience is defined as experience gained performing, examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.

GS/CT-13 level: One year of specialized experience equivalent to the CT/GS-12.

Specialized experience is defined as experience gained performing, examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.

GS/CT-14 level: One year of specialized experience equivalent to the CT/GS-13.

Specialized experience is defined as experience gained performing, supervising , examining or auditing financial risk management functions (such as identifying, measuring, monitoring and mitigating market, credit, counterparty, funding, liquidity and settlement risks) faced by a complex financial institutions active in derivatives markets (futures, options on futures and/or swap positions) including the development, implementation, use and/or performance monitoring of advanced risk quantitative techniques within complex organizations.

Techniques would include benchmarking, back testing, stress testing, developing or analyzing mathematical models to quantitatively assess model performance and recommend changes for model improvements.

Project lead in advancing model risk management and recommendations and presenting findings to senior management. Experience in drafting regulations and policy documents. Major Duties:

The primary duties of the incumbent are as follows: The incumbent functions as an expert financial risk analyst, providing technical and analytical support to other financial risk analysts, legal staff and Examinations Branch audit staff in the review and analysis of SOR data relating to registered intermediaries' activities, , and generally to provide technical support in the oversight of the requirements applicable to financial risk management activities of registered financial intermediaries.

The incumbent also interacts on behalf of MPD with analysts from other Offices and Divisions in support of this mission and to provide access to information and coordination with other parts of the Commission towards furthering the overall mission of the Commission.

Serves as a MPD liaison with other Offices and Divisions, and other regulatory agencies for technical financial analysis matters pertaining to registered financial intermediaries, and supports both internal and partnered efforts to develop, implement and continuously improve and expand the application of information technology to MPD's oversight mission.

Working with a wide variety of data sources, provides technical financial risk expertise to support compliance and examination implementation and oversight.

Uses a variety of quantitative and qualitative approaches to evaluate disparate data sources to identify and resolve consistency/discrepancy issues that may exist between the various data feeds employed by the Commission to assess and monitor firm financial condition and compliance with financial requirements.

Engages in a high order of creative interpretation and reasoning in order to formulate advice and recommend courses of action which meet the needs of both mission accomplishment and full compliance with the Act and Commission regulations.

Where precedent and principles do exist, they often require extensive research to ascertain from several diverse, non-traditional and voluminous sources; are extremely varied; are complex and fluid, (i.e., rapidly evolving to meet changing market practices); and require difficult reasoning or interpretation to apply to specific actions.

Reviews and assists with drafting of regulations, policies and procedures and identifies/recommends changes/improvements to address programmatic/technical matters associated with his/her areas of responsibility.

May be called upon to provide briefings or participate in speaking engagements at staff meetings or industry conferences on behalf of the Commission.