Market Risk Analyst

Job Description:

Our client is seeking an Market Risk Analyst to join their team. In this role, the Market Risk Analyst will be responsible for modeling related to market risk, including but not limited to structured interest rate models, prepayment models, and fair value models for residential and commercial Mortgage-Backed Securities. You’ll collaborate with cross-functional teams to perform model evaluation, version upgrade, and assess market risk related to Derivatives, Bonds, Mortgages and Investments following bank and regulatory model risk guidance. You will also be responsible for providing the accurate & timely measurement, analysis, monitoring, and reporting of market risk for the Bank. The ideal candidate should demonstrate superior analytical thinking and problem-solving skills, along with a desire to learn and develop new concepts.

How You’ll Make An Impact:

• Monitor Bank’s risk exposures and support bank’s asset liability management.
• Develop hands-on experience with prepayment models and key modeling assumptions.
• Gain exposure to different types of financial securities and provide fair value for the bank’s balance sheet.
• Work in a team-based environment and build strong, trustworthy partnerships with internal stakeholders.
  
  
  

What You Can Expect:

• Assist in modeling related to market risk including term structure interest rate models, prepayment models for residential and commercial Mortgage-Backed Securities, and fair value models.
• Document, review, assess, and update model assumptions and valuation methodologies.
• Review, maintain and upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications.
• Research new ways to automate/improve operation and reporting process.
• Troubleshoot and timely resolve issues impacting regulatory reporting.
• Collaborate with cross-functional teams to perform model evaluation, version upgrades, and assess market risk, following bank and regulatory model risk guidance.
• Report and provide in-depth analysis of the risk exposure and attribution analysis of Market Value of Equity change of the bank’s balance sheet.
• Work with other departments across the bank to develop, test, and roll out new products.
• Handle inquiries from external regulators and auditors.
• Work on ad hoc projects supporting bank’s strategic initiatives.
  
  
  

What You’ll Bring:

• 0-3 years’ work experience.
• Graduate degree in financial mathematics, financial engineering, mathematics, economics, or other quantitative or computing fields and/or equivalent work experience.
• Basic understanding in fixed income securities or mortgage products (CFA/FRM certifications a plus).
• Proficient in MS Excel and Word.
• SQL/Access Database experience.
• Solid understanding in fixed income, mortgages, mortgage-backed securities, derivatives, and option pricing models.
• Basic understanding in term structure models.
• Familiar with at least one programming language, python, R, or VBA is preferred.
• Exposure to vendor or in-house software used for security valuation and risk is preferred.
• Must quickly develop a comprehensive understanding of the bank’s modeling tools used for valuation and risk measurement.
• Passionate about risk management and interested in market risk analysis.
• Detail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.
• Excellent verbal and written communication skills.
• Able to work effectively under pressure, either independently or as a member of a team.
• Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.
  
  
  

Salary: $75,000 - $125,000 (based on experience) benefits.

About Us

Peterson Technology Partners (PTP) is an Equal Opportunity Employer committed to creating a transparent, inclusive, and human-centered hiring experience.

For more than 28 years, PTP has operated as one of the top IT staffing and recruiting firms in the USA—built on trust, long-term partnerships, and technical excellence.

Based in the Chicago suburb of Park Ridge, IL, our team of more than 500 employees and consultants is dedicated to:

• Helping every client make the best hiring decisions possible
• Matching professionals with the right IT jobs and career opportunities
  
  
  

As part of that commitment, we believe in providing clear information about how our hiring technologies work and how your data is used. The following section outlines our AI-assisted interview process and your rights as a candidate.

AI-Assisted Interview Experience (Pete & Gabi – Rebecca):

To provide a consistent, fair, and flexible experience for all candidates, we use AI-assisted tools to support parts of the interview process. This includes our proprietary AI platform Pete & Gabi, which includes AI recruiter Rebecca.

These AI hiring tools help us:

• Conduct recorded video interviews
• Transcribe interviews
• Summarize candidate responses
• Generate job-related insights
• Streamline communication and scheduling
  
  
  

Please note that:

• The AI does NOT make hiring decisions; all decisions are made by our human recruiters, hiring managers, or client partners.
• The AI does not evaluate facial expressions, emotions, or physical traits; it is used only to support fairness, consistency, and efficiency.
  
  
  

If you prefer a non-AI interview format, we will gladly provide an alternative.

Technical or Case Interviews (Role-Dependent): −

When applying for certain tech jobs, you may participate in:

• A technical interview
• A coding challenge
• A case study
• A client-specific assessment
  
  
  

We will always explain what to expect in advance so you can prepare with confidence.

Human Review & Selection:

Every candidate’s profile—including interviews, conversations, and assessments—is reviewed by experienced recruiters and hiring leaders.

AI insights may assist with organization and evaluation, but final decisions are always human-driven.

Your Rights as a Candidate:

At PTP, every candidate has the right to:

• Request a non-AI interview path
• Ask how your data is being used
• Request access to transcripts or interview recordings
• Request deletion of your AI-recorded interview
• Receive clear, timely communication
  
  
  

Our goal is to ensure you feel respected, informed, and supported throughout your experience.

Our Commitment:

For more than 28 years, PTP has focused on putting people first—candidates, consultants, employees, and clients.

We’re committed to a hiring process that is:

• Transparent
• Compliant
• Equitable
• Powered by innovative technology that enhances—not replaces—human judgment
  
  
  

Welcome to the future of hiring at Peterson Technology Partners.

We’re excited to learn more about you.

Equal Employment Opportunity:

Peterson Technology Partners is an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, national origin, gender identity, sexual orientation, disability, veteran status, or any other protected characteristic.