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Risk Analyst

DRW is a diversified trading firm seeking a Risk Analyst to join its Risk Operations team. The ideal candidate will deliver risk analytics and implement data controls while collaborating with Risk Managers and developers.

Skills

  • Financial markets knowledge
  • Programming in Python or R
  • Advanced Excel skills
  • SQL proficiency
  • Analytical and organizational skills

Responsibilities

  • Prototype and implement risk dashboards
  • Build and improve risk management tools
  • Automate analysis processes
  • Validate risk models and reports
  • Participate in risk oversight
  • Prepare external reporting and audit information
  • Monitor markets and risks

Education

  • Bachelor’s Degree in a technical or quantitative field

Benefits

  • Medical, pharmacy, dental and vision insurance
  • 401k with employer match
  • Short and long-term disability
  • Life and AD&D insurance
  • Health savings accounts
  • Flexible spending accounts
To read the complete job description, please click on the ‘Apply’ button
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CEO of DRW
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Donald R. Wilson, Jr.
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Average salary estimate

$145000 / YEARLY (est.)
min
max
$115000K
$175000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Risk Analyst, DRW

Are you ready to dive deep into the world of finance as a Risk Analyst at DRW? Founded in Chicago over 30 years ago, DRW is a thriving and innovative trading firm that combines cutting-edge technology with unparalleled talent. As a Risk Analyst on our Risk Operations team, you will be at the forefront of managing risk across a diverse range of asset classes like Fixed Income, Equities, FX, and even cryptoassets. Your day-to-day will be dynamic, from prototyping risk dashboards to collaborating with software developers and risk managers while ensuring the integrity of our risk systems. You'll be responsible for conducting thorough data analysis and validating complex risk models, all while being part of a vibrant team that values curiosity and creativity. Your contributions will not only help refine processes but also pave the way for new strategies in risk management that directly impact our trading opportunities. We're looking for candidates who are not only skilled but also adaptable, with a proactive mindset to identify areas for improvement. The role offers plenty of growth opportunities, allowing you to deepen your knowledge and take on more responsibilities in risk management over time. So if you're ready to challenge the norm and thrive in a fast-paced environment where your analytical skills can shine, DRW just might be the place for you!

Frequently Asked Questions (FAQs) for Risk Analyst Role at DRW
What qualifications do I need to apply for the Risk Analyst position at DRW?

To apply for the Risk Analyst role at DRW, you need a Bachelor's Degree in a technical or quantitative field such as Financial Engineering, Mathematics, or Computer Science. Additionally, having 3-5 years of relevant work experience, knowledge of financial markets, and proficiency in programming languages like Python or R will help you stand out.

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What are the main responsibilities of a Risk Analyst at DRW?

As a Risk Analyst at DRW, your primary responsibilities will include delivering risk analytics, creating dashboards for improved transparency, validating risk models, and collaborating with developers to enhance risk tools. You'll also monitor various risk-related processes to ensure effective management across asset classes.

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What skills are essential for succeeding as a Risk Analyst at DRW?

Essential skills for a Risk Analyst at DRW include strong analytical abilities, solid knowledge of financial instruments, proficiency in SQL for data analysis, and the capacity to adapt to changing priorities. Attention to detail and experience with advanced Microsoft Excel features are also important.

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Can a Risk Analyst at DRW grow into a risk management role?

Yes! As a Risk Analyst at DRW, there are ample opportunities for growth into more advanced risk management responsibilities. This includes evaluating new trade ideas and communicating with traders and senior management about evolving risks, allowing you to expand your skill set significantly.

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What kind of benefits does DRW offer for the Risk Analyst position?

DRW offers a comprehensive benefits package for the Risk Analyst position, which includes group medical, dental, and vision insurance, a 401k plan with employer matching, and both short and long-term disability insurance. Additionally, you can expect an annual discretionary bonus and various health savings accounts.

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Common Interview Questions for Risk Analyst
How do you handle complex data sets in your risk analysis?

When tackling complex data sets, I first ensure that I have a clear understanding of what the data represents and what specific insights we want to extract. Using SQL, I can efficiently filter and manipulate the data, followed by statistical analysis using tools like Excel or Python to identify trends or anomalies that impact risk.

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Can you describe your experience with risk management tools and software?

Throughout my career, I've extensively used various risk management tools to prototype and implement dashboards that enhance transparency. I’m familiar with platforms like Bloomberg and have collaborated with developers to tailor tools that align with our specific risk analysis needs.

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What is your approach to validating risk models?

My approach to validating risk models includes cross-referencing with historical data, stress testing under various scenarios, and ensuring that assumptions used in model construction are realistic and well-documented. This comprehensive validation provides a foundation for assessing model reliability.

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How do you prioritize projects when multiple deadlines are looming?

I assess each project based on urgency and impact on overall risk management. I utilize project management tools to organize tasks and ensure communication with stakeholders, allowing me to effectively balance tactical and strategic initiatives while meeting deadlines.

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What risk indicators do you track routinely?

In my role, I frequently track key risk indicators such as Value at Risk (VaR), market sensitivity and correlations across asset classes, and any deviations from established tolerances. These indicators help in quick decision-making and effective communication with senior management when risks escalate.

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Describe a successful project you led in risk analysis.

One successful project involved developing an automated risk reporting dashboard. I collaborated with the IT team to pull in multiple data sources, designed user-friendly visuals, and implemented automated updates. This resulted in a significant reduction in manual reporting time and improved team efficiency.

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How do you stay current with industry trends in risk management?

I consistently engage with industry publications, attend webinars, and participate in forums related to financial markets and risk management. Networking with professionals in the field also adds valuable insights about emerging trends and best practices.

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What role does teamwork play in your work as a Risk Analyst?

Teamwork is crucial in my role as a Risk Analyst. Collaborating with risk managers, developers, and traders provides diverse perspectives essential for comprehensive risk assessment and innovative solutions. I believe that effective communication fosters a collaborative environment where ideas can flourish.

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How do you approach error identification in risk reports?

I approach error identification systematically by first layering checks within the reporting process, such as reconciliations to source data. Additionally, I cross-validate results with previous periods and peer reviews to catch any discrepancies early in the process.

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Discuss your experience with programming and scripting relevant to risk analysis.

I have extensive experience in programming with Python, using it to automate data analysis and enhance risk models. I'm also proficient in R for statistical analysis, which allows me to create simulations that aid in understanding risk scenarios more effectively.

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We are a team of innovative and ambitious individuals who use the power of free markets to solve challenging problems, capture opportunities, ​​​​​​​and pursue positive change.

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DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
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SALARY RANGE
$115,000/yr - $175,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 2, 2025

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