Comerica
Sr Market Risk Analyst
The Sr Market Risk Analyst is responsible for providing guidance and assessing the risks associated with Capital Markets-related market risk. This role involves performing effective challenges on the capital markets business activities, reviewing market risk related reporting and related assumptions, monitoring key risk indicators, and analyzing risk management strategies. The Sr Market Risk Analyst will review, monitor, and provide guidance related to market risks within the organization's investment portfolio and capital markets portfolios (Energy Derivatives, Interest Rate Derivatives, Foreign Exchange). This role involves assessing potential impacts of market fluctuations, ensuring effective risk management strategies and when appropriate pre-purchase due diligence. The ideal candidate will have a strong analytical background, experience with risk modeling, and a solid understanding of capital markets and regulatory requirements. Position Responsibilities:
Risk Analysis and Monitoring Review market risk related materials provided by Customer Risk Management Products team and Corporate Treasury; including but not limited to ALCO materials, weekly markets meetings, modeling and stress testing assumptions and results, KRIs, and Market Risk Rule. Monitor market trends and key economic indicators that may affect Bank market risk. Provide oversight of securities purchases and conduct postmortem assessment of securities purchase analysis, including impact on duration, yield, liquidity, and hedge value. Attend tactical ALCO and the Weekly Markets meeting providing effective challenge and subject matter expertise where appropriate. Model Oversight and Stress Testing Work closely with Customer Risk Management Products Middle Office to ensure the design, inputs, and results are fit for purpose (OpenLink, Spectrum, InTrader) and properly represent the business needs. Review and oversee market risk stress testing simulations, assumptions, decisions, results, and reporting. Review and provide guidance surrounding Market Risk Rule calculation, reporting, and backtesting, De Minimis reporting, and ensure accuracy, compliance, and alignment with industry standards and internal risk frameworks. Analyze market risk related model results and provide effective challenge of the methodology and model design. Conduct data review and market risk model oversight. Provide guidance and effective challenge of the evaluation and selection of a replacement back office and risk reporting application. Collaboration with Key Stakeholders Partner with the Customer Risk Management Products, Portfolio Management, and Finance teams to align on risk management strategies and optimize the market risk profile. Support regular reviews and updates of risk policies, methodologies, and procedures. Support the identification and assessment of market risk emerging and existing risks. Market Research and Strategy Support Conduct research on macroeconomic factors, yield curves, and other financial data to inform risk strategies. Provide insights to support hedging activities and balance sheet management strategies. Support the Bank's efforts and readiness surrounding Category IV planning. As needed conduct ad hoc market risk analyses. Manage capital markets related challenges, and stress testing scenario design. Other duties as assigned.
The Sr Market Risk Analyst is responsible for providing guidance and assessing the risks associated with Capital Markets-related market risk. This role involves performing effective challenges on the capital markets business activities, reviewing market risk related reporting and related assumptions, monitoring key risk indicators, and analyzing risk management strategies. The Sr Market Risk Analyst will review, monitor, and provide guidance related to market risks within the organization's investment portfolio and capital markets portfolios (Energy Derivatives, Interest Rate Derivatives, Foreign Exchange). This role involves assessing potential impacts of market fluctuations, ensuring effective risk management strategies and when appropriate pre-purchase due diligence. The ideal candidate will have a strong analytical background, experience with risk modeling, and a solid understanding of capital markets and regulatory requirements. Position Responsibilities:
Risk Analysis and Monitoring Review market risk related materials provided by Customer Risk Management Products team and Corporate Treasury; including but not limited to ALCO materials, weekly markets meetings, modeling and stress testing assumptions and results, KRIs, and Market Risk Rule. Monitor market trends and key economic indicators that may affect Bank market risk. Provide oversight of securities purchases and conduct postmortem assessment of securities purchase analysis, including impact on duration, yield, liquidity, and hedge value. Attend tactical ALCO and the Weekly Markets meeting providing effective challenge and subject matter expertise where appropriate. Model Oversight and Stress Testing Work closely with Customer Risk Management Products Middle Office to ensure the design, inputs, and results are fit for purpose (OpenLink, Spectrum, InTrader) and properly represent the business needs. Review and oversee market risk stress testing simulations, assumptions, decisions, results, and reporting. Review and provide guidance surrounding Market Risk Rule calculation, reporting, and backtesting, De Minimis reporting, and ensure accuracy, compliance, and alignment with industry standards and internal risk frameworks. Analyze market risk related model results and provide effective challenge of the methodology and model design. Conduct data review and market risk model oversight. Provide guidance and effective challenge of the evaluation and selection of a replacement back office and risk reporting application. Collaboration with Key Stakeholders Partner with the Customer Risk Management Products, Portfolio Management, and Finance teams to align on risk management strategies and optimize the market risk profile. Support regular reviews and updates of risk policies, methodologies, and procedures. Support the identification and assessment of market risk emerging and existing risks. Market Research and Strategy Support Conduct research on macroeconomic factors, yield curves, and other financial data to inform risk strategies. Provide insights to support hedging activities and balance sheet management strategies. Support the Bank's efforts and readiness surrounding Category IV planning. As needed conduct ad hoc market risk analyses. Manage capital markets related challenges, and stress testing scenario design. Other duties as assigned.